15 Mar 2022material agreement▲ GoodMajor
Hycroft set up a $500 million at-the-market stock sales program with B. Riley Securities, giving it a standing way to raise equity gradually as it tries to fund its way out of its cash crunch.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2022capital raising announcement▼ BadMajor
Hycroft agreed to sell 46.8 million units at $1.193 each to AMC and an Eric Sprott-affiliated entity for about $56 million. That satisfied the $50 million condition for Sprott to end scheduled principal payments until May 2025, and noteholders agreed to extend their notes' maturity to 2027.
10 Mar 2022director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Whitebox Advisors LLC sold 7,954,653 shares.
10 Mar 2022substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC, Whitebox Multi-Strategy Partners, LP, Whitebox Credit Partners, LP reported a HYCROFT MINING HOLDING CORP shareholding of 735,117 shares (1.22% of votes) in a periodic institutional filing.
1 Mar 2022material agreement▼ BadMajor
Hycroft disclosed it had ceased mining operations altogether and was in talks with its lenders to restructure its debt and capital structure, after Sprott granted further covenant relief -- the clearest sign yet of the company's going-concern crisis.
11 Feb 2022substantial holder notice● Neutral
Highbridge Capital Management, LLC reported a HYCROFT MINING HOLDING CORP shareholding of 6,078,220 shares (9.80% of votes) in a periodic institutional filing.
11 Feb 2022substantial holder notice● Neutral
Scoggin International Fund Ltd, Scoggin Management LP, Scoggin GP LLC, Curtis Schenker, Craig Effron, Scoggin Worldwide Fund Ltd, Old Bellows Partners LP, Old Bell Associates LLC, Dev Chodry, Douglas Rothschild, Michael Renoff reported a HYCROFT MINING HOLDING CORP shareholding of 495,000 shares (0.82% of votes) in a periodic institutional filing.
10 Jan 2022material agreement▼ BadMajor
With cash running low, Hycroft got its lender Sprott to relax minimum-cash covenants through May 2022, in exchange for locking in CEO Diane Garrett and CFO Stanton Rideout as required personnel until the loan is repaid -- a sign of mounting financial strain.
4 Jan 2022director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Mudrick Capital Management, L.P. sold 49,132 shares.
30 Dec 2021listing compliance notice▼ BadMajor
Nasdaq warned Hycroft that its stock has traded below the $1.00 minimum bid price for 30 straight days, giving the company until June 2022 to regain compliance or risk delisting.
17 Nov 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Mudrick Capital Management, L.P. exercised stock options for 22,473 shares and disposed of 22,473 shares.
15 Nov 2021substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC, Whitebox Multi-Strategy Partners, LP, Whitebox Credit Partners, LP reported a HYCROFT MINING HOLDING CORP shareholding of 8,689,770 shares (14.35% of votes) in a periodic institutional filing.
12 Nov 2021substantial holder notice● Neutral
Jason Mudrick, Mudrick Capital Management, L.P, Mudrick Capital Management, LLC, Mudrick Distressed Opportunity Fund Global, L.P, Mudrick GP, LLC, Mudrick Distressed Senior Secured Fund Global, L.P, Mudrick Senior Secured Fund GP, LLC, Mudrick Distressed Opportunity Drawdown Fund, L.P, Mudrick Distressed Opportunity Drawdown Fund GP, LLC, Mudrick Distressed Opportunity Drawdown Fund II, L.P, Mudrick Distressed Opportunity Drawdown Fund II SC, L.P, Mudrick Distressed Opportunity Drawdown Fund II GP, LLC reported a HYCROFT MINING HOLDING CORP shareholding of 37,752,507 shares (51.20% of votes) in a periodic institutional filing.
12 Nov 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP insider Whitebox Advisors LLC sold 365,799 shares.
12 Nov 2021quarterly activities report▼ Bad
HYCROFT MINING HOLDING CORP reported quarterly revenue of $31.7 million and a net loss of $23.2 million for the period ended 2021-09-30.
12 Nov 2021quarterly activities report▼ Bad
Hycroft filed an 8-K on 12 November 2021 saying it had issued a press release reporting its operating and financial results for the three and nine months ended 30 September 2021. The filing itself gave no figures.
7 Sept 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP insider Whitebox Advisors LLC sold 3,800,765 shares.
7 Sept 2021substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC, Whitebox Multi-Strategy Partners, LP, Whitebox Credit Partners, LP reported a HYCROFT MINING HOLDING CORP shareholding of 9,328,391 shares (15.40% of votes) in a periodic institutional filing.
3 Sept 2021substantial holder notice● Neutral
Highbridge Capital Management, LLC, Highbridge MSF International Ltd reported a HYCROFT MINING HOLDING CORP shareholding of 6,895,798 shares (9.80% of votes) in a periodic institutional filing.
31 Aug 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 173,560 shares at $2.02.
5 Aug 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 60,805 shares.
4 Aug 2021quarterly activities report▼ Bad
HYCROFT MINING HOLDING CORP reported quarterly revenue of $36.0 million and a net loss of $8.4 million for the period ended 2021-06-30.
4 Aug 2021quarterly activities report▼ Bad
Hycroft filed an 8-K on August 4, 2021 saying it had issued a press release reporting its operating and financial results for the three and six months ended June 30, 2021. The filing itself gave no figures.
3 Aug 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 204,328 shares.
15 July 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 106,200 shares.
13 July 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 43,700 shares.
13 July 2021securities registration● Neutral
HYCROFT MINING HOLDING CORP filed the final prospectus for a registered offering.
8 July 2021director interest notice● Neutral
HYCROFT MINING HOLDING CORP 10%+ owner Highbridge Capital Management LLC sold 52 shares at $2.95.
30 June 2021securities registration● Neutral
HYCROFT MINING HOLDING CORP registered a securities offering with the SEC using its shelf eligibility.
30 June 2021securities registration● Neutral
HYCROFT MINING HOLDING CORP registered a securities offering with the SEC using its shelf eligibility.