Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2020securities registration● Neutral
Hycroft filed a prospectus supplement attaching an 8-K confirming Diane Garrett became CEO on September 8, 2020. Stephen Jones stays on as a non-executive employee until November 30, 2020, then receives $425,000 a year for 24 months and $25,000 a month as a consultant through May 2021.
Hycroft filed a prospectus supplement attaching an 8-K announcing Diane Garrett as President, CEO and director from September 8, 2020, replacing interim CEO Stephen Jones. It also said the Seller warrants would start trading on Nasdaq as HYMCZ on September 1.
Hycroft filed a prospectus supplement attaching its 10-Q for the quarter ended June 30, 2020. The report showed a $49.8 million quarterly net loss on $7.6 million of revenue, and $47.3 million of cash.
Hycroft filed an 8-K saying it issued a press release on August 10, 2020 reporting its operating and financial results for the quarter ended June 30, 2020. The release was furnished as an exhibit, and the 8-K itself gave no figures.
Hycroft filed its quarterly report on Form 10-Q for the period ended June 30, 2020, its first since completing the May 2020 business combination with Mudrick Capital Acquisition Corporation. It showed 50,160,042 shares of common stock outstanding.
Newly combined Hycroft Mining Holding Corporation switched auditors, dismissing WithumSmith+Brown (the former SPAC's auditor, which had flagged going-concern doubt) in favor of Plante Moran, which had audited Hycroft's mining business before the merger.
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.
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.
Highbridge Capital Management, LLC, Highbridge MSF International Ltd disclosed a new substantial HYCROFT MINING HOLDING CORP shareholding (14.66% of votes).
Mudrick Capital completed its acquisition of Hycroft Mining and renamed itself Hycroft Mining Holding Corporation (Nasdaq: HYMC): the deal valued Hycroft at about $615 million, brought in $76 million via a private placement, and saw the company draw $70 million under a new $110 million Sprott credit facility plus take a $30 million upfront royalty payment from Sprott in exchange for a 1.5% royalty on the Hycroft mine.
Hycroft Mining Holding Corporation furnished a June 1, 2020 press release announcing that its purchase of Hycroft Mining Corporation by Mudrick Capital Acquisition closed on May 29, 2020. It said the company had over $50 million of unrestricted cash and 50.2 million shares outstanding.
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.