Hycroft Mining secures Sprott waiver to pursue 1:10-1:25 reverse stock split

HYCROFT MINING HOLDING CORP

Waiver removes Credit Agreement restrictions on equity transactions and constating document amendments.
Reverse split ratio set by Board between 1-for-10 and 1-for-25; shareholder vote required at annual meeting.
Waiver covers Sections 8.2(g), 8.2(h), 8.2(k) of the Credit Agreement; no other terms changed.
Company represents no Default or Event of Default is continuing as of waiver date.
Reverse split not effectuated until shareholder approval and filing with Delaware Secretary of State.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HYCROFT MINING HOLDING CORP entered into Waiver and Amendment with Sprott Private Resource Lending II (Collector), LP and Sprott Private Resource Lending II (Co) Inc. valued at Waiver of certain provisions of the Credit Agreement to allow Reverse Stock Split (effective 2023-03-09).

Action: entry
Agreement: credit facility
Counterparty: Sprott Private Resource Lending II (Collector), LP and Sprott Private Resource Lending II (Co) Inc.
Value: Waiver of certain provisions of the Credit Agreement to allow Reverse Stock Split
Effective: 2023-03-09

Exact text from the filing

On March 9, 2023, Hycroft Mining Holding Corporation (the “Company”) entered into a letter agreement (the “Waiver and Amendment”), by and between the Company, Sprott Private Resource Lending II (Collector), LP (the “Lender”) and Sprott Private Resource Lending II (Co) Inc. (“SPRL II” and together with the Lender, the “Sprott Parties”).

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

HYCROFT MINING HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001493152-23-007781

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.