HYCROFT MINING HOLDING CORP — Director's Dealing 2020

Jun 11, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HYCROFT MINING HOLDING CORP (HYMC)
CIK: 0001718405
Period of Report: 2020-05-29

Reporting Person: Wbox 2015-5 Ltd. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, $0.0001 par value	7997341	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$11.50	2025-05-29	Class A Common Stock, $0.0001 par value (913017)		Direct

Footnotes

F1: Certain of the reported securities were obtained in connection with the business combination involving the Issuer that occurred on May 29, 2020, as described in the Issuer's 8-K12B filed on June 4, 2020 (the "8-K12B"), which is incorporated by reference.

F2: The reported securities were obtained in connection with a Subscription/Backstop Agreement, dated January 13, 2020. Reference is made to the Issuer's 8-K and Exhibit 10.1 attached thereto filed on January 14, 2020, which is incorporated by reference.

F3: Each Warrant, also known as a PIPE Warrant (as defined in 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 will become 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.

F5: As previously disclosed in Whitebox Advisors LLC's Form 3 with respect to the Issuer filed on June 8, 2020, these securities are directly owned by WBox serving as collateral agent to certain private funds managed by Whitebox Advisors LLC.