2 June 2020director interest notice● Neutral
Stephen Martin Jones became a HYCROFT MINING HOLDING CORP EVP, CFO and Secretary and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2020director interest notice● Neutral
HYCROFT MINING HOLDING CORP EVP, CFO and Secretary Stephen Martin Jones received a stock option grant for 54,018 shares.
2 June 2020director interest notice● Neutral
HYCROFT MINING HOLDING CORP Chairman, President and CEO Randy E. Buffington received a stock option grant for 80,072 shares.
2 June 2020director interest notice● Neutral
Randy E. Buffington became a HYCROFT MINING HOLDING CORP Chairman, President and CEO and company insider (initial ownership filing).
2 June 2020director interest notice● Neutral
HYCROFT MINING HOLDING CORP director Mudrick Capital Management, L.P. acquired 25,777,130 shares and disposed of 5,200,000 in a set of related equity transactions.
2 June 2020director interest notice● Neutral
Mudrick Distressed Opportunity Drawdown Fund, L.P. became a HYCROFT MINING HOLDING CORP director and company insider (initial ownership filing).
29 May 2020listing compliance notice● NeutralMajor
HYCROFT MINING HOLDING CORP's exchange filed to remove a class of its securities from listing.
28 May 2020substantial holder notice● Neutral
Scarsdale Equities LLC reported a HYCROFT MINING HOLDING CORP shareholding of 1,379,577 shares (17.70% of votes) in a periodic institutional filing.
14 May 2020merger communication▲ GoodMajor
With its Hycroft acquisition proxy materials now mailed to shareholders, Mudrick Capital released an investor presentation touting Hycroft's restarted Nevada mine (18 million ounces of gold-equivalent reserves, a 34-year mine life) ahead of the vote.
14 May 2020business combination● Neutral
Mudrick Capital furnished the investor presentation for its pending Hycroft acquisition ahead of the shareholder vote.
8 May 2020quarterly activities report▼ Bad
HYCROFT MINING HOLDING CORP reported quarterly revenue of $11.1 million and a net loss of $34.6 million for the period ended 2020-03-31.
7 May 2020substantial holder notice● Neutral
Scarsdale Equities LLC disclosed a new substantial HYCROFT MINING HOLDING CORP shareholding (12.40% of votes).
7 May 2020securities registration● Neutral
HYCROFT MINING HOLDING CORP filed the final prospectus for a registered offering.
5 May 2020business combination● Neutral
Amendment No. 3 is a Part II filing only -- the prospectus body and the fee table are stripped out -- and what it does is convert Weil Gotshal's legality and tax opinions from forms into the signed opinions themselves.
24 Apr 2020business combination● NeutralMajor
Amendment No. 2 fixed the vote: an April 17, 2020 record date for the Mudrick special meeting, against 15,512,091 Class A shares registered at $10.00 - roughly $155.1 million - as the consideration for the Allied Nevada Gold Holdings interests being bought from Hycroft Mining Corporation.
7 Apr 2020business combination● Neutral
Amendment No. 1, filed as the pandemic hit: it is the first version to discuss COVID-19, warning holders to vote in advance because the special meeting might have to be moved off an in-person format, and adding a charter proposal to allow virtual-only meetings in future. The transaction it registers - Mudrick's takeover of Hycroft Mining, with the seller owing a $12.73 million fee if its own holders vote it down - is described in the same terms as in February.
27 Feb 2020business combination● Neutral
Mudrick Capital and Hycroft amended their purchase agreement so Mudrick will assume Hycroft's existing warrant obligations at closing, a technical adjustment to the pending merger.
27 Feb 2020merger communication● Neutral
Mudrick Capital and Hycroft amended their purchase agreement so Mudrick will assume Hycroft's existing warrant obligations at closing, a technical adjustment to the pending merger.
14 Feb 2020substantial holder notice● Neutral
Bank Of Montreal, BMO Capital Markets Corp disclosed a new substantial HYCROFT MINING HOLDING CORP shareholding (6.70% of votes).
14 Feb 2020substantial holder notice● Neutral
AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, CNH Partners, LLC reported a HYCROFT MINING HOLDING CORP shareholding of 300,000 shares (1.44% of votes) in a periodic institutional filing.
14 Feb 2020material agreement● Neutral
Mudrick Capital amended its IPO underwriting agreement so Cantor Fitzgerald's deferred underwriting fee will be paid in stock and cash when the Hycroft deal closes, rather than only in cash.
14 Feb 2020substantial holder notice● Neutral
Glazer Capital, LLC, Paul J. Glazer reported a HYCROFT MINING HOLDING CORP shareholding of 2,001,857 shares (9.60% of votes) in a periodic institutional filing.
14 Feb 2020merger communication● Neutral
Mudrick Capital amended its IPO underwriting agreement so Cantor Fitzgerald's deferred underwriting fee will be paid in stock and cash when the Hycroft deal closes, rather than only in cash.
14 Feb 2020business combination● NeutralMajor
Mudrick Capital's blank-cheque vehicle registered the shares for its takeover of Hycroft Mining, the Nevada heap-leach operation that came out of Allied Nevada's bankruptcy. The arithmetic in the filing is the point: the SPAC's own public stockholders were projected to keep only about 1.9% of the listed company and the sponsor about 9.5%, with the rest going to Hycroft's creditor-owners and the financing; no appraisal rights, a Nasdaq vote needed because more than 20% of the stock is being issued, and a $12.73 million break fee payable by the seller if its holders refuse.
13 Feb 2020substantial holder notice● Neutral
/ WEISS ASSET MANAGEMENT LP, / BIP GP LLC, / WAM GP LLC, / ANDREW M. WEISS, PH.D. reported a HYCROFT MINING HOLDING CORP shareholding of 940,199 shares (4.52% of votes) in a periodic institutional filing.
7 Feb 2020substantial holder notice● Neutral
BASSO SPAC FUND, LLC, BASSO MANAGEMENT, LLC, BASSO CAPITAL MANAGEMENT, L.P, BASSO GP, LLC, HOWARD I. FISCHER reported a HYCROFT MINING HOLDING CORP shareholding of 175,379 shares (0.84% of votes) in a periodic institutional filing.
14 Jan 2020merger communication▲ GoodMajor
Mudrick Capital Acquisition Corporation (a SPAC) agreed to acquire Hycroft Mining Corporation, a Nevada gold and silver producer, in a roughly $325 million deal that also restructures Hycroft's debt (some notes exchanged for stock, some for cash) and brings in $65 million of new equity investment from Mudrick, Whitebox, Highbridge, Aristeia and Wolverine.
14 Jan 2020capital raising announcement▲ GoodMajor
Mudrick Capital signed the purchase agreement to acquire Hycroft Mining Corporation, the successor to bankrupt Allied Nevada Gold and operator of the Hycroft heap-leach gold/silver mine -- the deal that closed four months later and renamed the company Hycroft Mining Holding Corporation.
3 Jan 2020debt financing● Neutral
Mudrick Capital Acquisition Corporation, a blank-check SPAC still searching for a deal, borrowed up to $1.5 million from its own sponsor to cover working capital until it completes an acquisition.
7 Nov 2019quarterly activities report▼ Bad
HYCROFT MINING HOLDING CORP reported quarterly revenue of $2.7 million and a net loss of $32.1 million for the period ended 2019-09-30.