HYCROFT MINING HOLDING CORP — Director's Dealing 2022

Mar 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HYCROFT MINING HOLDING CORP (HYMC)
CIK: 0001718405
Period of Report: 2022-03-08

Reporting Person: WHITEBOX ADVISORS LLC (10% Owner)
Reporting Person: WHITEBOX GENERAL PARTNER LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-08	Class A Common Stock, $0.0001 par value	S	7817401	$0.9247	Disposed	735117	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-08	Warrant	$11.5	S	137252	Disposed	2025-05-29	Class A Common Stock, $0.0001 par value (137252)	Indirect

Footnotes

F1: These securities are directly owned by certain private investment funds (the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds, and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds.

F2: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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: 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.