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Hycroft Announces Listing On Nasdaq Of HYMCL Warrants To Purchase Common Stock
DENVER, Jan. 19, 2021 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), today announced (1) the listing for
About this update from Hycroft Mining Holding Corporation
[{"type":"text","content":"DENVER, Jan. 19, 2021 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (\"Hycroft\" or the \"Company\"), today announced (1) the listing for trading of its HYMCL Warrants (defined below) on The Nasdaq Capital Market (\"Nasdaq\") commencing with the opening of trading on January 25, 2021 and (2) certain adjustments to the terms of its Seller Warrants (defined below).\n\n \n \n \n \n \n \n\n \nListing of HYMCL Warrants on The Nasdaq Capital Market\nOn October 6, 2020, the Company completed an underwritten public offering of 9,583,334 units, each unit consisting of one share of the Company's Class A Common Stock, par value $0.0001 per share (\"Common Stock\"), and one warrant to purchase one share of Common Stock at an exercise price of $10.50 per share (such warrants referred to as the \"HYMCL Warrants\"). The HYMCL Warrants were issued pursuant to that certain Warrant Agreement, dated as of October 6, 2020, by and between the Company and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent. Nasdaq has approved the Company's application to list the HYMCL Warrants under the symbol \"HYMCL\" on its Capital Market trading platform commencing on January 25, 2021. \nAdjustment to Terms of Seller Warrants\nOn January 19, 2021, the Company issued a notice of adjustments to holders of certain of its outstanding warrants (Nasdaq: HYMCZ) (the \"Seller Warrants\") issued by Hycroft Mining Corporation (\"Seller\") pursuant to that certain Warrant Agreement, dated October 22, 2015 (the \"Seller Warrant Agreement), by and between Seller and Computershare Inc. and its wholly owned subsidiary, Computershare Trust Company, N.A., a federally chartered trust company, collectively as the initial warrant agent. The Seller Warrant Agreement and the Seller Warrants issued thereunder were assumed by the Company, with Continental Stock Transfer & Trust Company LLC as the successor warrant agent, in connection with the closing of the Company's business combination on May 29, 2020 between the Company and Seller. The Company has elected to prospectively deem all 2,508,002 shares of Common Stock authorized for issuance and which may be issued from time to time under the HYMC 2020 Performance and Incentive Pay Plan to be issued to \"Restricted Persons\" under the Seller Warrant Agreement and prospectively adjust...