Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
|
||
Washington, D.C. 20549
|
||
|
|
|
|
||
SCHEDULE 13D
|
||
|
|
|
Under the Securities Exchange Act of 1934
|
||
(Amendment No. 1)*
|
||
Broad Street Realty, Inc.
|
||
(Name of Issuer)
|
||
|
||
Common Stock, par value $0.01 par value per share
(Title of Class of Securities)
|
||
|
||
111294 104
(CUSIP Number)
|
||
|
||
David N. Brooks
Fortress Investment Group LLC
1345 Avenue of the Americas, 46th Floor
New York, New York 10105
(212) 798-6100
|
||
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
|
||
|
||
December 15, 2022
|
||
(Date of Event which Requires Filing of this Statement)
|
||
|
||
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box:
|
||
|
||
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies
are to be sent.
|
*
|
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
|
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
|
CUSIP No.: 111294 104
|
|
Page 1
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
CF Flyer PE Investor LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
0
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
0
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects the assignment of the Fortress Warrant (as defined below) from CF Flyer PE Investor LLC to CF Flyer Mezz Holdings LLC on December 15, 2022.
CUSIP No.: 111294 104
|
|
Page 2
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
CF Flyer PE Holdings LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
0
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
0
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
div>
|
|
|
|||
|
|
* Reflects the assignment of the Fortress Warrant (as defined below) from CF Flyer PE Investor LLC to CF Flyer Mezz Holdings LLC on December 15, 2022.
CUSIP No.: 111294 104
|
|
Page 3
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FCOF V Expansion USTMA-C LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
0
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
0
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects the assignment of the Fortress Warrant (as defined below) from CF Flyer PE Investor LLC to CF Flyer Mezz Holdings LLC on December 15, 2022.
CUSIP No.: 111294 104
|
|
Page 4
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
CF Flyer Mezz Holdings LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of common stock, par value $0.01 par value per share (“Common Stock”), of Broad Street Realty, Inc. (the “Issuer”) issuable upon the exercise of the warrant to purchase
common stock (the “Fortress Warrant”) of the Issuer, which (i) the Issuer originally issued to CF Flyer PE Investor LLC on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant and deemed
outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 5
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FCOF V Expansion ULMA-C Investments LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC on November 22, 2022 and (ii) CF Flyer PE
Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant and deemed
outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 6
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FCOF V Expansion CDFG MA-C Investments LLC (Flyer Series)
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC on
November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the exercise of
the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 7
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Fortress Credit Opportunities Fund V Expansion (G) L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC on
November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the exercise
of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 8
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Fortress Credit Opportunities V Advisors LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
| |||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC on
November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the
exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 9
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FCO Fund V GP LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC
on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the
exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 10
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hybrid GP Holdings (Cayman) LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor LLC
on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the
exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 11
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Hybrid GP Holdings LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the
exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 12
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FIG LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE Investor
LLC on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon the
exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 13
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Fortress Operating Entity I LP
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3<
/div>
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE
Investor LLC on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon
the exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 14
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
FIG Corp.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
CO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE
Investor LLC on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable upon
the exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
CUSIP No.: 111294 104
|
|
Page 15
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Fortress Investment Group LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☐
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
0 |
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
0 |
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,560,000*
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
7.4%**
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
* Reflects 2,560,000 shares of Common Stock issuable upon the exercise of the Fortress Warrant, which (i) the Issuer issued to CF Flyer PE
Investor LLC on November 22, 2022 and (ii) CF Flyer PE Investor LLC assigned to CF Flyer Mezz Holdings LLC on December 15, 2022.
** Calculation based on 32,270,452 shares of Common Stock outstanding as of November 7, 2022 (adjusted to reflect 2,560,000 shares of Common Stock issuable
upon the exercise of the Fortress Warrant and deemed outstanding pursuant to Rule 13d-3(d)(1)(i)).
Item 1. Security and Issuer
This Amendment No. 1 (this “Amendment”) amends and supplements the Statement on Schedule 13D (the “Original Schedule 13D”)
filed by Fortress (as defined below) and the other reporting persons named therein on November 29, 2022 relating to common stock, par value $0.01 par value per share (“Common Stock”), of Broad Street Realty, Inc., a Delaware
corporation (the “Issuer”). This Amendment also constitutes an initial Statement on Schedule 13D for each of CF Flyer Mezz Holdings and FCOF V ULMA. Annex A attached to this Amendment amends and restates Annex A attached to
the Original Schedule 13D. Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Original Schedule 13D. Capitalized terms not otherwise defined in this
Amendment shall have the same meanings ascribed thereto in the Original Schedule 13D. The Issuer’s principal executive offices are located at 7250 Woodmont Avenue, Suite 350, Bethesda, Maryland, 20814.
Item 2. Identity and Background
This Amendment amends and restates the disclosure in Item 2 of the Original Schedule 13D with the following:
(a)
(i) CF Flyer PE Investor LLC, a Delaware limited liability company (“CF Flyer Investor”), previously held the
Fortress Warrant (as defined below), which it assigned to CF Flyer Mezz Holdings (as defined below) on December 15, 2022.
(ii) CF Flyer PE Holdings LLC, a Delaware limited liability company (“CF Flyer Holdings”), is the sole owner of
CF Flyer Investor.
(iii) FCOF V Expansion USTMA-C LLC, a Delaware limited liability company (“
FCOF V”), holds the majority of
membership interests in CF Flyer Holdings.
(iv) CF Flyer Mezz Holdings LLC, a Delaware limited liability company (“CF Flyer Mezz Holdings”), holds the
Fortress Warrant.
(v) FCOF V Expansion ULMA-C Investments LLC, a Delaware limited liability company (“FCOF V ULMA”), holds the
majority of membership interests in CF Flyer Mezz Holdings.
(vi) FCOF V Expansion CDFG MA-C Investments LLC (Flyer Series), a Delaware limited liability company (“FCOF V
Investments”), holds the majority of membership interests in FCOF V ULMA.
(vii) Fortress Credit Opportunities Fund V Expansion (G) L.P., a Cayman Islands exempted limited partnership
(“Fortress Credit V LP”), holds the majority of membership interests in FCOF V Investments.
(viii) Fortress Credit Opportunities V Advisors LLC, a Delaware limited liability company (“Fortress Credit V
LLC”), is the investment adviser to Fortress Credit V LP.
(ix) FCO Fund V GP LLC, a Delaware limited liability company (“FCO Fund V”), is the general partner of Fortress
Credit V LP.
(x) Hybrid GP Holdings (Cayman) LLC, a Cayman Islands limited liability company (“Cayman GP”), is the parent
of the general partners of certain investment funds that hold membership interests in CF Flyer Holdings, including FCO Fund V.
(xi) Hybrid GP Holdings LLC, a Delaware limited liability company (“Hybrid GP”), is the sole owner of Cayman
GP.
(xii) FIG LLC, a Delaware limited liability company (“FIG LLC”), is the parent of the investment advisers to
certain investment funds that hold membership interests in CF Flyer Holdings, including Fortress Credit V LLC.
(xiii) Fortress Operating Entity I LP, a Delaware limited partnership (“FOE I”), is (i) the sole owner of FIG LLC
and (ii) the managing member of, and holds the majority of equity interest in, Hybrid GP.
(xiv) FIG Corp., a Delaware corporation (“FIG Corp.”), is the general partner of FOE I.
(xv) Fortress Investment Group LLC, a Delaware limited liability company (“Fortress”), is the sole owner of FIG
Corp.
CF Flyer Investor, CF Flyer Holdings, FCOF V, CF Flyer Mezz Holdings, FCOF V ULMA, FCOF V Investments, Fortress Credit V
LP, Fortress Credit V LLC, FCO Fund V, Cayman GP, Hybrid GP, FIG LLC, FOE I, FIG Corp. and Fortress are collectively referred to herein as the “Reporting Persons.”
(b) The address of the principal business and principal office of each of the Reporting Persons is
1345 Avenue of the Americas, 46th Floor, New York, New York 10105.
(c) Fortress is a highly diversified investment manager. The principal business of Fortress and each
of the other Reporting Persons is forming, managing, and/or directly or indirectly participating in investment funds or their investments, as the case may be. Set forth on Annex A attached hereto is a listing of the
directors and executive officers of each of the Reporting Persons (collectively, the “Covered Persons”), and the business address and present principal occupation or employment/role of each of the Covered Persons, and is
incorporated herein by reference.
(d) None of the Reporting Persons, nor, to the best of their knowledge, any of their directors,
executive officers or members has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons, nor, to the best of their knowledge, any of their directors,
executive officers, general partners or members has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Except as otherwise designated on Annex A, each of the Covered Persons is a
citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in Item 3
of the Original Schedule 13D, as amended hereby, and incorporates by reference into this Item 3 the information set forth in Item 4 of this Amendment in respect of the December 15, 2022 assignment and transfer of the
Fortress Warrant.
Item 4. Purpose of
Transaction
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in the
Original Schedule 13D, as amended hereby. This Amendment supplements the disclosure in Item 4 of the Original Schedule 13D by adding the following:
Fortress Warrant
On December 15, 2022, as part of an internal reorganization of certain assets and in accordance with the
terms of the Fortress Warrant, CF Flyer Investor assigned and transferred the Fortress Warrant, which the Issuer originally issued to CF Flyer PE Investor on November 22, 2022, to its affiliate CF Flyer Mezz Holdings for
no consideration. In connection with such assignment and transfer, CF Flyer Investor surrendered the original warrant to purchase common stock to the Issuer, whereupon the Issuer issued and delivered a new warrant to CF
Flyer Mezz Holdings on terms to those of the original warrant to purchase common stock (further references to the Fortress Warrant shall be deemed to refer to the warrant held by CF Flyer Mezz Holdings). CF Flyer Mezz Holdings now holds the rights in respect of the Fortress Warrant as were previously described as held by CF Flyer Investor.
Joinder Pursuant to Registration Rights Agreement
In connection with the assignment and transfer of the Fortress Warrant and in accordance with the Registration Rights
Agreement, on December 19, 2022, the Issuer and CF Flyer Mezz Holdings executed the Joinder Pursuant to the Registration Rights Agreement (the “Joinder”). Pursuant to the Joinder, CF Flyer Mezz Holdings is a party to and
bound by the provisions of the Registration Rights Agreement as a holder in the same manner as if the undersigned were an original signatory to the Registration Rights Agreement.
Other than as described in this Amendment (including any information incorporated by reference herein), none of the
Reporting Persons nor, to the best of their knowledge, any of the Covered Persons listed in Annex A currently has any plans or proposals that relate to, or would result in, any of the matters listed in Item 4 of this
Amendment (including any of the matters listed in Item 4 of the Original Schedule 13D not otherwise modified), although the Reporting Persons may, at any time and from time to time, review or reconsider their position and/or
change their purpose and/or formulate plans or proposals with respect thereto.
Item 5. Interest in Securities of the Issuer.
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby incorporates by reference into Item 5(a) and Item 5(b) the
information contained in rows 7, 8, 9, 10, 11 and 13 on the applicable cover page of this Schedule 13D. Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in
Item 5(a) and Item 5(b) of the Original Schedule 13D, as amended hereby.
This Amendment supplements the disclosure in Item 5(c) of the Original Schedule 13D by adding the following, which is
also adopted by each of CF Flyer Mezz Holdings and FCOF V ULMA as its disclosure pursuant to Item 5(c):
This Item 5(c) incorporates by reference the information in Item 4 of this Amendment regarding the assignment and
transfer of the Fortress Warrant in respect of the underlying shares of Common Stock.
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in Item
5(d) of the Original Schedule 13D.
Each of CF Flyer Investor, CF Flyer Holdings, and FCOF V hereby amends Item 5(e) of the Original Schedule 13D by adding
the following:
On December 15, 2022, upon the transfer of the Fortress Warrant described in Item 4 of this Amendment, each of CF Flyer
Investor, CF Flyer Holdings, and FCOF V ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in Item
6 of the Original Schedule 13D, as amended hereby, in respect of the Fortress Warrant and the Joinder. This Amendment supplements the disclosure in Item 6 of the Original Schedule 13D by adding the following:
This Item 6 incorporates by reference the information in Item 4 of this Amendment regarding the assignment and transfer
of the Fortress Warrant.
Other than as described herein, none of the Reporting Persons is a party to any contracts, arrangements or
understandings or has any relationships with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
Each of CF Flyer Mezz Holdings and FCOF V ULMA hereby adopts the disclosure made by the other Reporting Persons in Item
7 of the Original Schedule 13D, as amended hereby. This Amendment amends the disclosure in Item 7 of the Original Schedule 13D by replacing Exhibits 99.1 and 99.3 in Item 7 of the Original Schedule 13D and adding Exhibit
99.6.
Exhibit No.
|
Description
|
|
|
||
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned,
severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.
Dated: December 20, 2022
|
|
CF FLYER PE INVESTOR LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
CF FLYER PE HOLDINGS LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FCOF V EXPANSION USTMA-C INVESTMENTS LLC
|
||
|
|
|
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
Dated: December 20, 2022
|
CF FLYER MEZZ HOLDINGS LLC
|
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
Dated: December 20, 2022
|
FCOF V EXPANSION ULMA-C INVESTMENTS LLC
|
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
Dated: December 20, 2022
|
|
FCOF V EXPANSION CDFG MA-C INVESTMENTS LLC (FLYER SERIES)
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FORTRESS CREDIT OPPORTUNITIES FUND V EXPANSION (G) L.P.
|
||
|
|
|
||
By: FCO Fund V GP LLC, its general partner
|
||||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FORTRESS CREDIT OPPORTUNITIES V ADVISORS LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FCO FUND V GP LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
HYBRID GP HOLDINGS (CAYMAN) LLC
By: Hybrid GP Holdings LLC, its managing member
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
HYBRID GP HOLDINGS LL
C
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FIG LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
Dated: December 20, 2022
|
|
FORTRESS OPERATING ENTITY I LP
|
||
|
|
|
||
|
|
By: FIG Corp., its general partner
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
|
|
|
||
Dated: December 20, 2022
|
|
FIG CORP.
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
|
|
|
|
||
|
|
|
||
Dated: December 20, 2022
|
|
FORTRESS INVESTMENT GROUP LLC
|
||
|
|
|
||
|
|
By:
|
/s/ David N. Brooks
|
|
|
|
Name:
|
David N. Brooks
|
|
|
|
Title:
|
Secretary
|
ANNEX A
Directors and Officers of CF Flyer PE Investor LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner
|
Deputy Chief Financial Officer
|
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey | Treasurer |
David N. Brooks | Secretary |
Marc K. Furstein | President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack |
Managing Partner |
Directors and Officers of CF Flyer PE Holdings LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner | Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer |
Chief Operating Officer |
Timothy Bailey | Treasurer |
David N. Brooks | Secretary |
Marc K. Furstein |
President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight | Managing Partner |
Joshua Pack |
Managing Partner |
Directors and Officers of FCOF V Expansion USTMA-C LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner |
Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey |
Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette |
Assistant Secretary |
Marc K. Furstein | President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack | Managing Partner |
Directors and Officers of CF Flyer Mezz Holdings LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner |
Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey |
Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette |
Assistant Secretary |
Marc K. Furstein | President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack | Managing Partner |
Directors and Officers of FCOF V Expansion ULMA-C Investments LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner |
Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Jennifer Sorkin
|
Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette |
Assistant Secretary |
Marc K. Furstein | President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack | Managing Partner |
Directors and Officers of FCOF V Expansion CDFG MA-C Investments LLC (Flyer Series):
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner |
Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey |
Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette |
Assistant Secretary |
Marc K. Furstein | President |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack | Managing Partner |
Directors and Officers of Fortress Credit Opportunities Fund V Expansion (G) L.P.:
Name:
|
Principal Occupation/Role:
|
FCO Fund V GP LLC
|
General Partner
|
Directors and Officers of Fortress Credit Opportunities V Advisors LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner | Deputy Chief Financial Officer |
William A. Covino | Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey | Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette |
Assistant Secretary |
Marc K. Furstein | President |
Peter L. Briger, Jr. | Managing Partner |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack | Managing Partner |
Directors and Officers of FCO Fund V GP LLC:
Name:
|
Principal Occupation/Role:
|
Scott Desiderio
|
Deputy Chief Financial Officer
|
Leigh M. Grimner |
Deputy Chief Financial Officer |
William A. Covino |
Chief Financial Officer |
Jason Meyer | Chief Operating Officer |
Timothy Bailey
|
Treasurer |
David N. Brooks |
Secretary |
Alexander Gillette | Assistant Secretary |
Marc K. Furstein | President |
Peter L. Briger, Jr. |
Managing Partner |
Constantine M. Dakolias |
Managing Partner |
Drew Mcknight |
Managing Partner |
Joshua Pack |
Managing Partner |
Name:
|
Principal Occupation/Role:
|
Hybrid GP Holdings LLC
|
Managing Member
|
Directors and Officers of Hybrid GP Holdings LLC:
Name:
|
Principal Occupation/Role:
|
Peter L. Briger, Jr. |
Chairman and Director |
Constantine M. Dakolias |
President and Director |
Joshua Pack |
Chief Operating Officer and Director |
Daniel N. Bass |
Treasurer and Director |
David N. Brooks |
Secretary and Director |
Directors and Officers of FIG LLC:
Name:
|
Principal Occupation/Role:
|
Peter L. Briger, Jr. | Co-Chief Executive Officer, Principal and Co-Chairman |
Wes Edens | Co-Chief Executive Officer, Principal and Co-Chairman |
Randy Nardone |
Principal and Director |
Daniel N. Bass | Chief Financial Officer and Treasurer |
David N. Brooks | Secretary, Vice President and General Counsel |
Directors and Officers of Fortress Operating Entity I LP:
Name:
|
Principal Occupation/Role:
|
FIG Corp.
|
General Partner of Fortress Operating Entity I LP
|
Directors and Officers of FIG Corp.:
Name:
|
Principal Occupation/Role:
|
Wesley R. Edens
|
Co-Chief Executive Officer, Principal and Director
|
Peter L. Briger, Jr.
|
Co-Chief Executive Officer, Principal and Director
|
Randal A. Nardone
|
Principal and Director
|
David N. Brooks
|
Secretary, Vice President and General Counsel
|
Daniel Bass
|
Chief Financial Officer and Treasurer
|
Directors and Officers of Fortress Investment Group LLC:
Name:
|
Principal Occupation/Role:
|
Wesley R. Edens
|
Class A Director, Principal and Co-Chief Executive Officer
|
Peter L. Briger, Jr.
|
Class A Director, Principal and Co-Chief Executive Officer
|
Randal A. Nardone
|
Class A Director and Principal
|
David N. Brooks
|
Secretary, Vice President and General Counsel
|
Daniel N. Bass
|
Chief Financial Officer and Treasurer
|
George Wellde
|
Class A Director
|
Michael Rantz
|
Class A Director
|
Yoshimitsu Goto (citizen of Japan)
|
Class B Director
|
Rajeev Misra (citizen of the United Kingdom)
|
Class B Director
|
Jane Dietze
|
Class A Director
|
Hani Barhoush
|
Class A Director
|
Michael Morell
|
Class A Director and Security Director
|