We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hycroft Mining Holding Corporation | NASDAQ:HYMC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 1.23% | 3.29 | 3.22 | 3.75 | 3.31 | 3.13 | 3.21 | 184,225 | 05:00:09 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 15, 2022
HYCROFT MINING HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 001-38387 | 82-2657796 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
4300 Water Canyon Road, Unit 1 Winnemucca, Nevada |
89445 | |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (775) 304-0260
N/A |
(Former name or former address, if changed since last report |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange
on which | ||
Class A common stock, par value $0.0001 per share |
HYMC | The Nasdaq Capital Market | ||
Warrants to purchase Common Stock | HYMCW | The Nasdaq Capital Market | ||
Warrants to purchase Common Stock | HYMCZ | The Nasdaq Capital Market | ||
Warrants to purchase Common Stock | HYMCL | The Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 1.01 | Entry into a Material Definitive Agreement. |
On March 15, 2022, Hycroft Mining Holding Corporation (the “Company”) implemented an “at the market offering ” program by entering into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (the “Agent”). Under the terms of the Sales Agreement, the Company may from time to time to or through the Agent, acting as sales agent or principal, offer and sell shares of its Class A common stock (the “Shares”), par value $0.0001 per share (“Common Stock”), having a gross sales price of up to $500,000,000.
Sales of the Shares, if any, may be made in any method permitted by law deemed to be an “at the market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the “Securities Act”). Under the Sales Agreement, the Agent (at the Company’s election) will use commercially reasonable efforts, consistent with its normal trading and sales practices, to sell the Shares as directed by the Company on the terms and subject to the conditions of the Sales Agreement. The compensation payable to the Agent for sales of Shares pursuant to the Sales Agreement will be equal to 3.0% of the gross sales price for any Shares sold through it as sales agent under the Sales Agreement.
Shares sold under the Sales Agreement, if any, will be issued pursuant to the Company’s shelf registration statement on Form S-3 (No. 333-257567) (the “Registration Statement”) that the Securities and Exchange Commission declared effective on July 13, 2021, including the prospectus, dated July 13, 2021, and the prospectus supplement, dated March 15, 2022, as the same may be amended or supplemented.
The offering of Shares pursuant to the Sales Agreement will terminate upon the earlier of the sale of all Common Stock subject to the Sales Agreement or the termination of the Sales Agreement by the Company or by the Agent.
This description of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the Sales Agreement filed herewith as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.
The legal opinion of Neal, Gerber & Eisenberg LLP as to the legality of the Shares is being filed as Exhibit 5.1 to this Current Report on Form 8-K.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description | |
1.1 | At Market Issuance Sales Agreement, dated as of March 15, 2022 | |
5.1 | Opinion of Neal, Gerber & Eisenberg LLP relating to the validity of the shares to be issued pursuant to the Sales Agreement, dated as of March 15, 2022 | |
23.1 | Consent of Neal, Gerber & Eisenberg LLP (included in Exhibit 5.1) | |
104 | Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Hycroft Mining Holding Corporation | |||
Date: March 15, 2022 | By: | /s/ Stanton Rideout | |
Name: | Stanton Rideout | ||
Title: | Executive Vice President and Chief Financial Officer |
1 Year Hycroft Mining Chart |
1 Month Hycroft Mining Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions