Filing Details

Accession Number:
0001193125-24-138374
Form Type:
13D Filing
Publication Date:
2024-05-13 20:00:00
Filed By:
MHR Fund Management
Company:
Telesat Corp
Filing Date:
2024-05-14
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MHR ADVISORS 2,519,410 0 2,519,410 0 2,519,410 5.0%
MHRC 2,519,410 0 2,519,410 0 2,519,410 5.0%
MHR INSTITUTIONAL ADVISORS 2,634,891 0 2,634,891 0 2,634,891 5.3%
MHRC I 2,634,891 0 2,634,891 0 2,634,891 5.3%
MHR INSTITUTIONAL PARTNERS IIA 3,779,594 0 3,779,594 0 3,779,594 7.6%
MHR INSTITUTIONAL ADVISORS II 5,279,827 0 5,279,827 0 5,279,827 10.6%
MHRC II 5,279,827 0 5,279,827 0 5,279,827 10.6%
MHR INSTITUTIONAL PARTNERS III 7,600,964 0 7,600,964 0 7,600,964 15.2%
MHR INSTITUTIONAL ADVISORS III 7,600,964 0 7,600,964 0 7,600,964 15.2%
MHR FUND MANAGEMENT 18,035,092 0 18,035,092 0 18,035,092 36.05%
MHR HOLDINGS 18,035,092 0 18,035,092 0 18,035,092 36.05%
MARK H. RACHESKY, M.D 18,096,228 0 18,096,228 0 18,096,228 36.2%
Filing
Table of Contents

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

[RULE 13D-101]

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND

AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

(Amendment No. 1)*

 

 

 

Telesat Corporation

(Name of Issuer)

 

 

 

Class B Variable Voting Shares, No Par Value Per Share

(Title of Class of Securities)

 

879512309

(CUSIP Number)

 

Janet Yeung

MHR Fund Management LLC

1345 Avenue of the Americas, 42nd Floor

New York, New York 10105

(212) 262-0005

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

May 13, 2024

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

Continued on following pages

(Page 1 of 18 Pages)

 

*   The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


Table of Contents
CUSIP No. 879512309     13D     Page  2  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR ADVISORS LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 2,519,410

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 2,519,410

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 2,519,410

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 5.0%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  3  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHRC LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 2,519,410

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 2,519,410

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 2,519,410

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 5.0%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  4  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR INSTITUTIONAL ADVISORS LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS):

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 2,634,891

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 2,634,891

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 2,634,891

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 5.3%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  5  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHRC I LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 2,634,891

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 2,634,891

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 2,634,891

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 5.3%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN


Table of Contents
CUSIP No. 879512309     13D     Page  6  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR INSTITUTIONAL PARTNERS IIA LP

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 3,779,594

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 3,779,594

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 3,779,594

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 7.6%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN


Table of Contents
CUSIP No. 879512309     13D     Page  7  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR INSTITUTIONAL ADVISORS II LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 5,279,827

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 5,279,827

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 5,279,827

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 10.6%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  8  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHRC II LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 5,279,827

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 5,279,827

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 5,279,827

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 10.6%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  9  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR INSTITUTIONAL PARTNERS III LP

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 7,600,964

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 7,600,964

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 7,600,964

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 15.2%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN


Table of Contents
CUSIP No. 879512309     13D     Page  10  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR INSTITUTIONAL ADVISORS III LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 7,600,964

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 7,600,964

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 7,600,964

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 15.2%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO


Table of Contents
CUSIP No. 879512309     13D     Page  11  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR FUND MANAGEMENT LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH 

REPORTING 

PERSON 

WITH 

    7    

SOLE VOTING POWER

 

 18,035,092

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 18,035,092

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 18,035,092

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 36.05%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 


Table of Contents
CUSIP No. 879512309     13D     Page  12  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MHR HOLDINGS LLC

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware

NUMBER OF 

SHARES 

BENEFICIALLY 

OWNED BY 

EACH

REPORTING 

PERSON

WITH

    7    

SOLE VOTING POWER

 

 18,035,092

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 18,035,092

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 18,035,092

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 36.05%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 


Table of Contents
CUSIP No. 879512309     13D     Page  13  of 18 Pages

 

 1   

NAMES OF REPORTING PERSONS

 

MARK H. RACHESKY, M.D.

 2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

 3  

SEC USE ONLY

 

 4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

 N/A

 5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ☐

 

 6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 United States of America

NUMBER OF 

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING 

PERSON

WITH

    7    

SOLE VOTING POWER

 

 18,096,228

    8   

SHARED VOTING POWER

 

 0

    9   

SOLE DISPOSITIVE POWER

 

 18,096,228

   10   

SHARED DISPOSITIVE POWER

 

 0

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 18,096,228

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ☐

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 36.2%

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 IN; HC

 


Table of Contents

TABLE OF CONTENTS

 

Item 4. Purpose of Transaction.

     16  

Table of Contents
        Page  15  of 18 Pages

 

Introductory Note

This statement on Schedule 13D (this Statement) amends and supplements, as Amendment No. 1, the Schedule 13D Filed on November 23, 2021 (the Original Schedule 13D), and relates to Class B Variable Voting Shares, no par value per share (the Class B Shares) of Telesat Corporation, a corporation incorporated under the laws of the Province of British Columbia, Canada (the Issuer).


Table of Contents
        Page  16  of 18 Pages

 

Item 4. Purpose of Transaction.

Item 4 is hereby amended to add the following:

All of the Class B Shares reported on this Statement were acquired for investment purposes. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and as part of this ongoing review evaluate various alternatives that are or may become available with respect to the Issuer and its securities. Except as otherwise set forth in this Statement, neither the Reporting Persons nor, to the best of their knowledge, any of the other persons identified in response to Item 2 hereof, has any plans or proposals that relate to or would result in the occurrence of any of the transactions described in subparagraphs (b) through (j) of Item 4 of Schedule 13D.

(a) The Reporting Persons may from time to time and at any time (in accordance with any trading policy of the Issuer or its subsidiaries and affiliates that may then be applicable to the Reporting Persons) in their sole discretion acquire, or cause to be acquired, additional equity or debt securities or other instruments of the Issuer, its subsidiaries or affiliates, or dispose, or cause to be disposed, such equity or debt securities or instruments, in any amount that the Reporting Persons may determine in their sole discretion, through public or private transactions or otherwise. In addition to the foregoing, certain of the Reporting Persons are pursuing various alternatives with respect to the Issuers securities in order to create liquidity opportunities for limited partners of certain of such Reporting Persons. Among the alternatives being pursued, such Reporting Persons are considering forming a continuation vehicle or other special purpose vehicle that would continue to be controlled by certain of the Reporting Persons that would enable existing limited partners to achieve liquidity or continue their indirect investment in the Issuer, making an in-kind distribution to certain limited partners of certain of such Reporting Persons, or effecting a public or private transaction. The timing, and whether and how these alternatives can be effected, will depend on transaction and market terms and conditions, as well as legal, regulatory and other factors.

The Reporting Persons reserve the right to and may, from time to time and at any time, in their sole discretion, formulate and implement other purposes, plans or proposals regarding the Issuer or any of its subsidiaries or affiliates or any of their equity or debt securities or instruments that relate to or would result in the occurrence of any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D as the Reporting Persons may deem advisable in their sole discretion. The information set forth in this Item 4 is subject to change from time to time and at any time, and there can be no assurances that any of the Reporting Persons will or will not take, or cause to be taken, any of the actions described above or any similar actions.


Table of Contents
        Page  17  of 18 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

 

Date: May 14, 2024     MHR ADVISORS LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR INSTITUTIONAL ADVISORS LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR INSTITUTIONAL PARTNERS IIA LP
    By:  

MHR Institutional Advisors II LLC,

its General Partner

    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR INSTITUTIONAL ADVISORS II LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR INSTITUTIONAL PARTNERS III LP
    By:  

MHR Institutional Advisors III LLC,

its General Partner

    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR INSTITUTIONAL ADVISORS III LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory

Table of Contents
        Page  18  of 18 Pages

 

    MHRC LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHRC I LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHRC II LLC
    By:   /s/ Janet Yeung
    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR FUND MANAGEMENT LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MHR HOLDINGS LLC
    By:  

/s/ Janet Yeung

    Name:   Janet Yeung
    Title:   Authorized Signatory
    MARK H. RACHESKY, M.D.
    By:  

/s/ Janet Yeung, Attorney in Fact