FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Mudrick Capital Management, L.P.

(Last) (First) (Middle)
527 MADISON AVENUE
6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HYCROFT MINING HOLDING CORP [ HYMC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/30/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 12/30/2021   S   34,410 (2) D $ 0.62 (3) 24,394,846 (4) I See Notes (1) (8) (9) (10)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants $ 11.5 12/30/2021   S     14,722 (2) 06/28/2021   (5) Class A Common Stock 14,722 $ 0.05 (6) 10,086,307 (7) I See Notes (1) (8) (9) (10)
Explanation of Responses:
1. This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Mudrick Capital Management, LLC ("Mudrick Capital GP"); Jason Mudrick; Mudrick Distressed Senior Secured Fund Global, L.P. ("Mudrick Senior Secured Fund"); and Mudrick Senior Secured Fund GP, LLC ("Mudrick Senior Secured Fund GP").
2. Sold by Mudrick Senior Secured Fund.
3. The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.62 to $0.66, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
4. Represents 24,394,846 shares of Class A Common Stock directly held as follows: 22,473 by Mudrick Capital; 10,079,998 by Mudrick Distressed Opportunity Fund Global, L.P. ("Mudrick Opportunity Fund"); 2,594,137 by Mudrick Distressed Opportunity Drawdown Fund, L.P. ("Mudrick Drawdown Fund"); 2,156,395 by Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Mudrick Drawdown Fund II"); 622,249 by Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Mudrick Drawdown Fund II SC"); 0 by Mudrick Distressed Senior Secured Fund; and 8,919,594 by certain accounts managed by Mudrick Capital (the "Managed Accounts").
5. These warrants expire May 29, 2025 or earlier upon their redemption or the liquidation by the Issuer. These warrants to buy shares of Class A Common Stock 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; however, for so long as the Sponsor (or a permitted transferee under the applicable warrant agreement) continues to hold the warrants, the warrants may not be redeemed.
6. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.05 to $0.06, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of warrants sold at each separate price within the range.
7. Represents warrants to purchase shares of Class A Common Stock directly held as follows: 3,960,148 by Mudrick Opportunity Fund; 1,530,893 by Mudrick Drawdown Fund; 0 by Mudrick Senior Secured Fund; 213,920 by Mudrick Drawdown Fund II; and 4,381,346 by the Managed Accounts.
8. Mudrick Capital is the investment manager of each of the Mudrick Funds, and has voting and investment discretion with respect to the securities held by the Mudrick Funds. Jason Mudrick is the sole member of each of Mudrick Capital GP, the general partner of Mudrick Capital, Mudrick Distressed Opportunity Drawdown Fund GP, LLC ("Mudrick Drawdown Fund GP"), the general partner of Mudrick Drawdown Fund, Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Mudrick Drawdown Fund II GP"), the general partner of Mudrick Drawdown Fund II, and Mudrick Drawdown Fund II SC, Mudrick Senior Secured Fund GP, the general partner of Mudrick Senior Secured Fund, and Mudrick GP, the general partner of Mudrick Opportunity Fund.
9. Mudrick Capital, Mudrick Capital GP and Jason Mudrick may be deemed to have beneficial ownership of the equity securities of the Issuer the Mudrick Funds, Mudrick Drawdown Fund GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund II, Mudrick Senior Secured Fund GP may be deemed to beneficially own the securities owned by Mudrick Senior Secured Fund, and Mudrick GP may be deemed to beneficially own the securities owned by Mudrick Opportunity Fund.
10. The Reporting Persons disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities of the Issuer in excess of their respective pecuniary interests.
Remarks:
Exhibit 99.1 (Joint Filer Information) incorporated herein by reference.
See Exhibit 99.1 01/04/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Jason Mudrick
   
Address of Joint Filer:

c/o Mudrick Capital Management, L.P.

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

By: /s/ Jason Mudrick
Name: Jason Mudrick
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Capital Management, LLC
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, LLC
 
By: /s/ Jason Mudrick
Title: Managing Member
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Capital Management, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: President
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Senior Secured Fund Global, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: Sole Member
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Senior Secured Fund GP, LLC
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: Sole Member
Date: January 4, 2022