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Filing Details

Accession Number:: 0001104659-23-011325
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-06 18:37:27
Reporting Period:: 2023-02-03

Accepted Time:: 2023-02-06 18:37:27
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.	C/O Mudrick Capital Management, 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	C/O Mudrick Capital Management, L.p. 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	2023-02-03	400,000	$0.57	14,246,677	No	4	S	Indirect	See Notes
Class A Common Stock	Disposition	2023-02-06	600,000	$0.53	13,646,677	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

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	2023-02-03	1,228,090	$0.06	1,228,090	$11.50
Class A Common Stock	Warrants	Disposition	2023-02-06	4,800,000	$0.03	4,800,000	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,375,013	2020-06-28		No	4	S	Indirect
3,575,013	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: 186,721 by Mudrick Opportunity Fund; 48,054 by Mudrick Drawdown Fund; and 165,225 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 shares were sold within a range of $0.564 to $0.5875, inclusive.
The price represents the weighted average price of the shares sold. 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: 280,081 by Mudrick Opportunity Fund; 72,080 by Mudrick Drawdown Fund; and 247,839 by the Managed Accounts.
The shares were sold within a range of $0.521 to $0.5553, inclusive.
Represents the shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 6,370,296 by Mudrick Opportunity Fund; 1,639,427 by Mudrick Drawdown Fund; and 5,636,954 by the Managed Accounts.
Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 482,180 by Mudrick Opportunity Fund; 186,399 by Mudrick Drawdown Fund; 26,047 by Mudrick Drawdown Fund II; and 533,464 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 warrants were sold within a range of $0.055 to $0.06, inclusive.
Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 1,884,606 by Mudrick Opportunity Fund; 728,541 by Mudrick Drawdown Fund; 101,802 by Mudrick Drawdown Fund II; and 2,085,051 by the Managed Accounts.
Represents warrants to buy shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 1,403,644 by Mudrick Opportunity Fund; 542,614 by Mudrick Drawdown Fund; 75,822 by Mudrick Drawdown Fund II; and 1,552,933 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.