03/12/2026 | Press release | Distributed by Public on 03/12/2026 15:15
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
| 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. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Warrants to Purchase Common Stock | 12/10/2022 | 12/10/2027 | Common Stock | 342,391 | $3.35(9) | D(6)(11) | |
| Warrants to Purchase Common Stock | 12/10/2022 | 12/10/2027 | Common Stock | 342,391 | $3.35(9) | I(7)(11) | See Footnotes |
| Warrants to Purchase Common Stock | 12/10/2022 | 12/10/2027 | Common Stock | 342,391 | $3.35(9) | I(8)(11) | See Footnotes |
| Tranche I Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 235,294 | $1.23(9)(10) | D(1)(11) | |
| Tranche I Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 235,294 | $1.23(9)(10) | I(2)(11) | See Footnotes |
| Tranche I Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 235,294 | $1.23(9)(10) | I(3)(11) | See Footnotes |
| Tranche I Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 235,294 | $1.23(9)(10) | I(4)(11) | See Footnotes |
| Tranche I Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 235,294 | $1.23(9)(10) | I(5)(11) | See Footnotes |
| Tranche II Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 35,260 | $2.05(9)(10) | D(1)(11) | |
| Tranche II Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 35,260 | $2.05(9)(10) | I(2)(11) | See Footnotes |
| Tranche II Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 35,260 | $2.05(9)(10) | I(3)(11) | See Footnotes |
| Tranche II Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 35,260 | $2.05(9)(10) | I(4)(11) | See Footnotes |
| Tranche II Warrants to Purchase Common Stock | 12/01/2023 | 12/01/2026 | Common Stock | 35,260 | $2.05(9)(10) | I(5)(11) | See Footnotes |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Greywolf Capital Management LP 4 MANHATTANVILLE ROAD, SUITE 201 PURCHASE, NY 10577 |
X | Member of Group Owning 10% | ||
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Greywolf Opportunities Master Fund II, L.P. HARNEYS FIDUCIARY (CAYMAN) LIMITED, FL 4 HARBOUR PL., 103 S. CHURCH ST., PO 10240 GRAND CAYMAN, E9 KY1-1002 |
X | Member of Group Owning 10% | ||
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Greywolf GP LLC 4 MANHATTANVILLE ROAD, SUITE 201 PURCHASE, NY 10577 |
X | Member of Group Owning 10% | ||
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Savitz Jonathan 4 MANHATTANVILLE ROAD, SUITE 201 PURCHASE, NY 10577 |
X | Member of Group Owning 10% | ||
| /s/ Jonathan Savitz, Managing Member of its General Partner | 03/12/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jonathan Savitz, Senior Managing Member of its General Partner | 03/12/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jonathan Savitz, Managing Member | 03/12/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Jonathan Savitz | 03/12/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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) | The number of securities shown in this row is owned directly by Greywolf Opportunities Master Fund II LP ("Greywolf Master Fund II"). |
| (2) | The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the general partner of Greywolf Master Fund II, Greywolf Advisors LLC (the "General Partner") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "'34 Act"), or otherwise, except as to securities representing its pro rata interest in, and interest in the profits of, Greywolf Master Fund II. |
| (3) | The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the investment manager of Greywolf Master Fund II, Greywolf Capital Management LP (the "Investment Manager") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The Investment Manager hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any. |
| (4) | The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the general partner of the Investment Manager, Greywolf GP LLC (the "Investment Manager General Partner") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The Investment Manager General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any. |
| (5) | The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the senior managing member of the General Partner and the sole managing member of the Investment Manager General Partner, Jonathan Savitz ("Savitz") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. Savitz hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his pecuniary interest, if any. |
| (6) | The amount of securities shown in this row is owned directly by the Investment Manager. |
| (7) | The amount of securities shown in this row is owned directly by the Investment Manager. As the general partner of the Investment Manager, the Investment Manager General Partner may be deemed a beneficial owner of the Issuer's securities owned by the Investment Manager. The Investment Manager General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any. |
| (8) | The amount of securities shown in this row is owned directly by the Investment Manager. As the sole managing member of the Investment Manager General Partner, Savitz may be deemed a beneficial owner of the Issuer's securities owned by the Investment Manager. Savitz hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his pecuniary interest, if any. |
| (9) | Subject to adjustment. |
| (10) | The terms of each warrant provide that the Issuer, at its option in its sole discretion, may settle an exercise of the warrant by payment of cash rather than issuance of shares. |
| (11) | The entities and individual identified in the footnotes of this Form 3 may be deemed members of a group with each other with respect to the holding of equity securities of the Issuer. The filing of this Form 3 shall not be deemed to be an admission that such entities and individual are members of such a group. |