Hycroft Mining Holding Corp (HYMC)

[hyct_investor]

Information from Legal Proceeding section (page 58/59)


The Company has become aware that certain holders of Seller warrants have asserted that they have complained to the SEC arguing, inter alia, that the Company has not properly calculated the equitable adjustments to the Seller warrant exercise price and the number of shares of Common Stock into which each Seller warrant is exercisable. The Company has had no contact with, nor received any inquiries from, the SEC regarding this matter and believes that it has properly calculated the equitable adjustments to the Seller warrant exercise price and the number of shares of Common Stock into which each Seller warrant is exercisable pursuant to the provisions of the Seller Warrant Agreement. The Company will vigorously dispute and defend any allegations to the contrary.