4//SEC Filing
Wbox 2015-5 Ltd. 4
Accession 0000919574-21-002609
CIK 0001718405other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 4:35 PM ET
Size
9.2 KB
Accession
0000919574-21-002609
Insider Transaction Report
Form 4
Wbox 2015-5 Ltd.
10% Owner
Transactions
- Other
Class A Common Stock, $0.0001 par value
2021-03-22−7,997,341→ 0 total - Other
Warrant
2021-03-22−913,017→ 0 totalExercise: $11.50From: 2020-06-28Exp: 2025-05-29→ Class A Common Stock, $0.0001 par value (913,017 underlying)
Footnotes (4)
- [F1]Represents a pro-rata, in-kind distribution, without consideration, of Class A Common Stock, $0.0001 par value, of the Issuer by WBox 2015-7 LTD (the "SPV") to its shareholders, in accordance with the exemption under Rule 16a-9(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]The SPV disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and affirmatively disclaims being a "group" with any other person for purposes of Section 16 of the Exchange Act.
- [F3]Each Warrant, also known as a PIPE Warrant (as defined in the Issuer's 8-K12B filed on June 4, 2020 (the "8-K12B")), gives the holder thereof the right to purchase one share of common stock, subject to certain exceptions. The PIPE Warrants have an initial exercise price of $11.50 per share of Class A Common Stock. The PIPE Warrants became exercisable on June 28, 2020 and expire May 29, 2025 or earlier upon their redemption or the liquidation of the Issuer.
- [F4][Continued from Footnote 3] Once exercisable, the PIPE Warrants may be redeemed, at a price of $0.01 per warrant, if the last sale price of the Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending on the third business day before the notice of redemption is sent to the warrant holders. The foregoing description of the PIPE warrants does not purport to be complete and are subject to and qualified in their entirety by reference to the Warrant Agreement included as Exhibit 4.3 of the Issuer's 8-K12B filed on June 4, 2020, which is incorporated by reference.
Documents
Issuer
HYCROFT MINING HOLDING CORP
CIK 0001718405
Entity typeother
IncorporatedVirgin Islands, British
Related Parties
1- filerCIK 0001814652
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 4:35 PM ET
- Size
- 9.2 KB