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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Convertible Debenture | $ 3.08 | 06/24/2022 | J(1)(2) | $ 2,398,448.15 | (4) | 05/14/2021(5) | Common Shares | 778,717 | (1) (2) | 0 | I | By Gotham Green Fund 1, L.P. (3) | |||
Convertible Debenture | $ 3.08 | 06/24/2022 | J(1)(2) | $ 9,595,307.4 | (4) | 05/14/2021(5) | Common Shares | 3,115,360 | (1) (2) | 0 | I | By Gotham Green Fund 1 (Q), L.P. (3) | |||
Convertible Debenture | $ 3.08 | 06/24/2022 | J(1)(2) | $ 29,364,022.22 | (4) | 05/14/2021(5) | Common Shares | 9,533,773 | (1) (2) | 0 | I | Gotham Green Credit Partners SPV 1, L.P. (3) | |||
Convertible Debenture | $ 1.6104 | 06/24/2022 | J(1)(2) | $ 17,500,000 | (4) | 05/14/2021(5) | Common Shares | 10,649,528 | (1) (2) | 0 | I | By Gotham Green Partners SPV V, L.P. (3) | |||
Note | $ 1.89 | 06/24/2022 | J(1)(2) | $ 1,999,750 | (4) | 05/14/2021(5) | Common Shares | 1,058,069 | (1) (2) | 0 | I | By Gotham Green Fund 1, L.P. (3) | |||
Note | $ 1.89 | 06/24/2022 | J(1)(2) | $ 8,000,250 | (4) | 05/14/2021(5) | Common Shares | 4,232,937 | (1) (2) | 0 | I | By Gotham Green Fund 1 (Q), L.P. (3) | |||
Note | $ 1.89 | 06/24/2022 | J(1)(2) | $ 1,466,300 | (4) | 05/14/2021(5) | Common Shares | 775,820 | (1) (2) | 0 | I | By Gotham Green Fund II, L.P. (3) | |||
Note | $ 1.89 | 06/24/2022 | J(1)(2) | $ 8,533,700 | (4) | 05/14/2021(5) | Common Shares | 4,515,185 | (1) (2) | 0 | I | By Gotham Green Fund II (Q), L.P. (3) | |||
Tranche B Warrant | $ 1.97 | 06/24/2022 | J(1)(2) | 507,551 | (4) | 09/30/2022 | Common Shares | 507,551 | (1) (2) | 0 | I | By Gotham Green Fund 1, L.P. (3) | |||
Tranche B Warrant | $ 1.97 | 06/24/2022 | J(1)(2) | 2,030,520 | (4) | 09/30/2022 | Common Shares | 2,030,520 | (1) (2) | 0 | I | By Gotham Green Fund 1 (Q), L.P. (3) | |||
Tranche B Warrant | $ 1.97 | 06/24/2022 | J(1)(2) | 372,157 | (4) | 09/30/2022 | Common Shares | 372,157 | (1) (2) | 0 | I | By Gotham Green Fund II, L.P. (3) | |||
Tranche B Warrant | $ 1.97 | 06/24/2022 | J(1)(2) | 2,165,914 | (4) | 09/30/2022 | Common Shares | 2,165,914 | (1) (2) | 0 | I | By Gotham Green Fund II (Q), L.P. (3) | |||
Warrant | $ 1.6748 | 06/24/2022 | J(1)(2) | 5,120,097 | (4) | 12/22/2022 | Common Shares | 5,120,097 | (1) (2) | 0 | I | By Gotham Green Partners SPV V, L.P. (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Gotham Green Partners LLC 1437 4TH STREET SANTA MONICA, CA 90401 |
X |
/s/ Jason Adler | 06/28/2022 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On June 24, 2022, iAnthus Capital Holdings, Inc. issued Common Shares to the funds affiliated with Gotham Green Partners, LLC, as listed in this Form 4, in connection with the recapitalization transaction set forth in the Restructuring Support Agreement dated July 10, 2020, and amended on June 15, 2021, and the Plan of Arrangement, which was approved by the Supreme Court of British Columbia on October 5, 2020. |
(2) | In exchange for the Common Shares, the outstanding principal amount (and accrued interest and fees) of pre-existing and matured 13% senior secured convertible debentures and 8% unsecured convertible debentures were each forgiven in part and were replaced with new non-convertible 8% unsecured debentures and non-convertible 8% secured debentures (which also includes amounts outstanding under certain interim financing secured (non-convertible) notes that were also extinguished). Plus, all existing warrants to purchase common shares, were cancelled and extinguished. |
(3) | Gotham Green Partners, LLC is the SEC registered investment adviser to the Gotham funds. Gotham Green GP 1, LLC is the general partner of Gotham Green Fund 1, L.P. and Gotham Green Fund 1 (Q) L.P. Gotham Green GP II, LLC is the general partner of Gotham Green Fund II, L.P. and Gotham Green Fund II (Q), L.P. Gotham Green Credit Partners GP 1, LLC is the general partner of Gotham Green Credit Partners SPV 1, L.P. Gotham Green Partners SPV V GP, LLC is the general partner of Gotham Green Partners SPV V, L.P. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Sections 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of any pecuniary interest therein. |
(4) | Currently Exercisable. |
(5) | Represents the original maturity date of the Convertible Debentures or Note, as applicable. |