Mudrick Cap - MUDSU = 1C + 1W

​Hycroft Mining HYMC

Edgar Filings​       ------      Prospectus 2-8-2018

Feb 10,2020 trust  approximately $10.38

In connection with this vote, the holders of 13,890,713 shares of  redeemed   at a redemption price of approximately $10.38 per share, for an aggregate redemption amount of approximately $144,218,760, in connection with the Charter Amendment.

IPO Trust = $10.10.  ~~~~ $202mm. 

 U.S.-based trust account at J.P. Morgan Chase Bank. Trustee -  Continental.

Warrants - 1 Wt + $11.50. Call $18.

Deadline 24 mo. Closed Feb 12 2018. Dropdead Feb 12 2020.

Cantor, Chardan

Sponsor, Mudrick Capital Acquisition Holdings LLC. Our sponsor has committed, pursuant to a forward purchase contract with us, to purchase, in a private placement for gross proceeds of $25,000,000 to occur concurrently with the consummation of our initial business combination, 2,500,000 of our units on substantially the same terms as the sale of units in this offering at $10.00 per unit, and 625,000 shares of Class A common stock. 

Our business strategy is to identify, combine with and maximize the value of a company that has recently emerged from bankruptcy court protection. In particular, we believe that many post-restructured companies suffer from a valuation discount due to their opaqueness, complexity...

Lock-up - Our initial stockholders have agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of: (A) one year after the completion of our initial business combination or (B) subsequent to our initial business combination, (x) if the last sale price of our Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination,

Mudrick Capital was founded in 2009 to focus on investment opportunities in distressed credit and post-restructured equities. As of December 31, 2017, Mudrick Capital managed approximately $1.8 billion, primarily for institutional clients such as pension funds, endowments, foundations, insurance companies, family offices, funds of funds and high net worth individuals.
Our Chief Executive Officer and the President of Mudrick Capital, Jason Mudrick, has in excess of 16 years of experience investing in the public and private markets for distressed debt and post-restructured equities. Mr. Mudrick began his career working as an investment banker in the Mergers & Acquisitions Investment Banking Division of Merrill Lynch & Co in 2000. Towards the end of 2001 he joined Contrarian Capital Management, LP, and an investment firm specializing in distressed debt.