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Filing Details

Accession Number:: 0001104659-22-124295
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-12-02 20:53:12
Reporting Period:: 2022-11-30

Accepted Time:: 2022-12-02 20:53:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1718405	Hycroft Mining Holding Corp	HYMC	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1367262	Jason Mudrick	C/O Mudrick Capital Management, L.p. 527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1655183	Mudrick Capital Management, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1656059	Mudrick Gp, Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1665193	Mudrick Distressed Opportunity Drawdown Fund, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1730922	Mudrick Capital Management Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1763080	Mudrick Distressed Opportunity Drawdown Fund Ii, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1813394	Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p.	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1813628	Mudrick Distressed Opportunity Fund Global, Lp	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1813630	Mudrick Distressed Opportunity Drawdown Fund Gp, Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No
1813765	Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	527 Madison Avenue, 6Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-11-30	713,490	$0.74	23,681,359	No	4	S	Indirect	See Notes
Class A Common Stock	Disposition	2022-12-01	1,050,110	$0.70	22,631,249	No	4	S	Indirect	See Notes
Class A Common Stock	Disposition	2022-12-02	620,033	$0.66	22,011,216	No	4	S	Indirect	See Notes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Notes
No	4	S	Indirect	See Notes
No	4	S	Indirect	See Notes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Warrants	Disposition	2022-11-30	145,871	$0.11	145,871	$10.50
Class A Common Stock	Warrants	Disposition	2022-11-30	55,066	$0.10	55,066	$11.50
Class A Common Stock	Warrants	Disposition	2022-12-01	40,275	$0.10	40,275	$10.50
Class A Common Stock	Warrants	Disposition	2022-12-01	47,465	$0.09	47,465	$11.50
Class A Common Stock	Warrants	Disposition	2022-12-02	8,427	$0.10	8,427	$10.50
Class A Common Stock	Warrants	Disposition	2022-12-02	31,969	$0.09	31,969	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,001,150	2020-10-06	2025-10-06	No	4	S	Indirect
10,031,241	2020-06-28		No	4	S	Indirect
2,960,875	2020-10-06	2025-10-06	No	4	S	Indirect
9,983,776	2020-06-28		No	4	S	Indirect
2,952,448	2020-10-06	2025-10-06	No	4	S	Indirect
9,951,807	2020-06-28		No	4	S	Indirect

Footnotes

This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Mudrick Capital Management, LLC ("Mudrick Capital GP"); Jason Mudrick; Mudrick Distressed Opportunity Drawdown Fund GP, LLC ("Mudrick Drawdown GP"); Mudrick Distressed Opportunity Drawdown Fund, L.P. ("Mudrick Drawdown Fund"); Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Mudrick Drawdown Fund II GP"), Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Mudrick Drawdown Fund II"), Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Mudrick Drawdown Fund II SC"), Mudrick Distressed Opportunity Fund Global, L.P. ("Mudrick Opportunity Fund") and Mudrick GP, LLC ("Mudrick GP").
Represents the sale of shares of the Issuer's Class A Common Stock as follows: 294,540 by Mudrick Opportunity Fund; 76,007 by Mudrick Drawdown Fund; 63,446 by Mudrick Drawdown Fund II; 18,383 by Mudrick Drawdown Fund II SC; and 261,114 by certain accounts managed by Mudrick Capital and shares held by Mudrick Capital Management, L.P. on behalf of Mudrick Stressed Credit Master Fund, L.P. (the "Managed Accounts" and together with Mudrick Drawdown Fund, Mudrick Drawdown Fund II, Mudrick Drawdown Fund II SC and the Mudrick Opportunity Fund, the "Mudrick Funds").
The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.72 to $0.8036, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
Represents the sale of shares of the Issuer's Class A Common Stock as follows: 434,308 by Mudrick Opportunity Fund; 111,771 by Mudrick Drawdown Fund; 92,911 by Mudrick Drawdown Fund II; 26,810 by Mudrick Drawdown Fund II SC; and 384,310 by the Managed Accounts.
The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.69 to $0.74, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
Represents the sale of shares of the Issuer's Class A Common Stock as follows: 256,435 by Mudrick Opportunity Fund; 65,995 by Mudrick Drawdown Fund; 54,859 by Mudrick Drawdown Fund II; 15,830 by Mudrick Drawdown Fund II SC; and 226,914 by the Managed Accounts.
The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.65 to $0.6947, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
Represents shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 9,103,463 by Mudrick Opportunity Fund; 2,342,822 by Mudrick Drawdown Fund; 1,947,486 by Mudrick Drawdown Fund II; 561,967 by Mudrick Drawdown Fund II SC; and 8,055,478 by the Managed Accounts
Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 29,157 by Mudrick Opportunity Fund; 68,066 by Mudrick Drawdown Fund II; 28,169 by Mudrick Drawdown Fund SC; and 20,479 by the Managed Accounts.
The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.10 to $0.13, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 21,620 by Mudrick Opportunity Fund; 8,358 by Mudrick Drawdown Fund; 1,168 by Mudrick Drawdown Fund II; and 23,920 by the Managed Accounts.
These warrants expire May 29, 2025, or earlier upon their redemption or the liquidation of the Issuer. These 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 price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.088 to $0.11, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 8,050 by Mudrick Opportunity Fund; 7,778 by Mudrick Drawdown Fund II SC; 18,793 by Mudrick Drawdown Fund II; and 5,654 by the Managed Accounts.
The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.10 to $0.1099, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
Represents the sale of warrants to buy shares of Class A Common Stock as follows: 18,636 by Mudrick Opportunity Fund; 7,204 by Mudrick Drawdown Fund; 1,007 by Mudrick Drawdown Fund II; and 20,618 by the Managed Accounts.
The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.091 to $0.10, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
Represents the sale of warrants to buy shares of Class A Common Stock as follows: 1,684 by Mudrick Opportunity Fund; 3,932 by Mudrick Drawdown Fund II; 1,627 by Mudrick Drawdown Fund II SC; and 1,184 by the Managed Accounts.
Represents warrants to buy shares of Class A Common Stock directly held following the reported sales as follows: 590,134 by Mudrick Opportunity Fund; 1,377,671 by Mudrick Drawdown Fund II; 570,154 by Mudrick Drawdown Fund II SC; and 414,489 by the Managed Accounts.
Represents the sale of warrants to buy shares of Class A Common Stock as follows: 12,553 by Mudrick Opportunity Fund; 4,852 by Mudrick Drawdown Fund; 678 by Mudrick Drawdown Fund II; and 13,886 by the Managed Accounts.
The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.091 to $0.10, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
Represents warrants to buy shares of Class A Common Stock directly held following the reported sales as follows: 3,907,339 by Mudrick Opportunity Fund; 1,510,479 by Mudrick Drawdown Fund; 211,067 by Mudrick Drawdown Fund II; and 4,322,922 by the Managed Accounts.
Mudrick Capital is the investment manager of each of the Mudrick Funds and has voting and investment discretion with respect to the securities held by the Mudrick Funds. Jason Mudrick is the sole member of each of Mudrick Capital GP, the general partner of Mudrick Capital, Mudrick Drawdown Fund GP, the general partner of Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP, the general partner of Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC, and Mudrick GP, the general partner of Mudrick Opportunity Fund.
Mudrick Capital, Mudrick Capital GP and Jason Mudrick may be deemed to have beneficial ownership of the equity securities of the Issuer owned by the Mudrick Funds, Mudrick Drawdown Fund GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC and Mudrick GP may be deemed to beneficially own the securities owned by Mudrick Opportunity Fund.
The Reporting Persons disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities of the Issuer in excess of their respective pecuniary interests.