Hycroft Mining Holding Corp (HYMC)

[webpence]

197,084,642 currently issued
+94,258,841 Shares of Common Stock to be issued upon exercise of outstanding Warrants
+71,211,526 Shares of Common Stock offered by the Selling Securityholders
+60,125,009 Warrants offered by the Selling Securityholders
Private placement

197,084,642
+94,258,841
+71,211,526
+60,125,009
=422,680,018 shares

18,408,240 + 23,408,240=41,816,480 shares is 9.89% of 422 million.

Example. If he had sold 10 million, he would have 13,408,240 left +23,408,240 warrants=36,816,480 shares. This scenario means 375,678,367 shares would cause him to exceed the 9.8%.

If he had sold 4 million, it would be 436,902,857 to hit 9.8%

6 million and he would be looking at possibly 40,816,480, and it would mean 416,494,694 shares puts him at 9.8%

So selling 5 million is the exact right amount to get him to where he is at 9.8% when all the other warrants are exercised.

Could be off base here, but the math seems compelling.