Sec Form 13D Filing - MANGROVE PARTNERS IM LLC filing for ATLANTIC POWER CORP (AT) - 2020-03-23

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.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 12)1

Atlantic Power Corporation

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

04878Q863

(CUSIP Number)

STEVE WOLOSKY, ESQ.

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

March 19, 2020

(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 § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

1              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. 04878Q863

  1   NAME OF REPORTING PERSON  
         
        THE MANGROVE PARTNERS MASTER FUND, LTD.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

2

CUSIP No. 04878Q863

  1   NAME OF REPORTING PERSON  
         
        THE MANGROVE PARTNERS FUND, L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

3

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        MANGROVE PARTNERS FUND (CAYMAN), LTD.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

4

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        THE MANGROVE PARTNERS FUND (CAYMAN DRAWDOWN), L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

5

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        THE MANGROVE PARTNERS FUND (CAYMAN PARTNERSHIP), L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

6

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        MANGROVE PARTNERS  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

7

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        MANGROVE CAPITAL  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   ;
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

8

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        MANGROVE CAPITAL II, INC.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  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   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        CO  

  

9

CUSIP No. 04878Q863

 

  1   NAME OF REPORTING PERSON  
         
        NATHANIEL AUGUST  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         7,795,489  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          7,795,489  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        7,795,489  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.3%  
  14   TYPE OF REPORTING PERSON  
         
        IN, HC  

  

10

CUSIP No. 04878Q863

The following constitutes Amendment No. 12 to the Schedule 13D filed by the undersigned (“Amendment No. 12”). This Amendment No. 12 amends the Schedule 13D as specifically set forth herein.

Item 3.Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The 7,795,489 Shares directly owned by Mangrove Master Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule B annexed hereto (“Schedule B”). The aggregate purchase price of the 7,795,489 Shares directly owned by Mangrove Master Fund is, in U.S. dollar terms, approximately $16,403,977, including brokerage commissions.

Item 5.Interest in Securities of the Issuer.

Items 5(a)-(c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 106,932,375 Shares outstanding as of February 26, 2020, which is the total number of Shares outstanding as reported in the Issuer’s Form 10-K filed with the Securities and Exchange Commission on February 27, 2020.

A.Mangrove Master Fund
(a)As of the close of business on March 20, 2020, Mangrove Master Fund directly owned 7,795,489 Shares.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)The transactions in the securities of the Issuer by Mangrove Master Fund since the filing of Amendment No. 11 to the Schedule 13D are set forth in Schedule B and are incorporated herein by reference.
11

CUSIP No. 04878Q863

B.Mangrove Fund
(a)As of the close of business on March 20, 2020, Mangrove Fund, as a significant shareholder of Mangrove Master Fund, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Fund has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
C.Mangrove Fund Cayman
(a)As of the close of business on March 20, 2020, Mangrove Fund Cayman, as a significant shareholder of Mangrove Master Fund, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Fund Cayman has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
12

CUSIP No. 04878Q863

D.Mangrove Fund Cayman Drawdown
(a)As of the close of business on March 20, 2020, Mangrove Fund Cayman Drawdown, as a significant shareholder of Mangrove Master Fund, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Fund Cayman Drawdown has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
E.Mangrove Fund Cayman Partnership
(a)As of the close of business on March 20, 2020, Mangrove Fund Cayman Partnership, as a significant shareholder of Mangrove Master Fund, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Fund Cayman Partnership has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
13

CUSIP No. 04878Q863

F.Mangrove Partners
(a)As of the close of business on March 20, 2020, Mangrove Partners, as the investment manager of each of Mangrove Master Fund, Mangrove Fund, Mangrove Fund Cayman, Mangrove Fund Cayman Drawdown and Mangrove Fund Cayman Partnership, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Partners has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
G.Mangrove Capital
(a)As of the close of business on March 20, 2020, Mangrove Capital, as the general partner of each of Mangrove Fund Cayman Drawdown and Mangrove Fund Cayman Partnership, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Capital has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
14

CUSIP No. 04878Q863

H.Mangrove Capital II
(a)As of the close of business on March 20, 2020, Mangrove Capital II, as the general partner of Mangrove Fund, may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mangrove Capital II has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.
I.Nathaniel August
(a)As of the close of business on March 20, 2020, Mr. August did not directly own any Shares. As a director of each of Mangrove Partners, Mangrove Capital and Mangrove Capital II and the controlling person of each of Mangrove Partners and Mangrove Capital, Mr. August may be deemed to beneficially own the 7,795,489 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 7.3%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,795,489
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,795,489

 

(c)Mr. August has not entered into any transactions in the Shares since the filing of Amendment No. 11 to the Schedule 13D.

As of the close of business on March 20, 2020, the Reporting Persons collectively beneficially owned an aggregate of 7,795,489 Shares, constituting approximately 7.3% of the Shares outstanding.

15

CUSIP No. 04878Q863

Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the securities of the Issuer owned by the other Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities of the Issuer reported herein that he or it does not directly own.

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended and restated to read as follows:

Since January 10, 2018, Mangrove Master Fund entered into a series of cash-settled total return swap agreements with each of Morgan Stanley Capital Services LLC and Barclays Bank PLC as counterparties (the “Swaps”) that establish economic exposure to an aggregate of 7,792,543 notional Shares (the “Subject Shares”), representing in the aggregate approximately 7.3% of the outstanding Shares. The Swaps provide Mangrove Master Fund with economic exposure that is comparable to the economic exposure of ownership but do not provide it with the power to vote or direct the voting of or to dispose or direct the disposition of the Subject Shares. The Reporting Persons hereby expressly disclaim beneficial ownership of the Subject Shares.

On November 15, 2018, the Reporting Persons entered into a Joint Filing Agreement pursuant to which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached as Exhibit 99.1 to Amendment No. 8 to the Schedule 13D and is incorporated herein by reference.

 

16

CUSIP No. 04878Q863

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: March 23, 2020

 

  THE MANGRO VE PARTNERS MASTER FUND, LTD.
   
  By: MANGROVE PARTNERS
    as Investment Manager
     
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

  THE MANGROVE PARTNERS FUND, L.P.
   
  By: Mangrove Partners
    as Investment Manager
     
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

  MANGROVE PARTNERS FUND (CAYMAN), LTD.
   
  By: MANGROVE PARTNERS
    as Investment Manager
     
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

17

CUSIP No. 04878Q863

  THE MANGROVE PARTNERS FUND (CAYMAN DRAWDOWN), L.P.
   
  By: MANGROVE PARTNERS
    as Investment Manager
     
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

  THE MANGROVE PARTNERS FUND (CAYMAN PARTNERSHIP), L.P.
   
  By: MANGROVE PARTNERS
    as Investment Manager
     
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

  MANGROVE PARTNERS
   
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

  MANGROVE CAPITAL
   
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

18

CUSIP No. 04878Q863

  MANGROVE CAPITAL II, INC.
   
  By:

/s/ Nathaniel August

    Name: Nathaniel August
    Title: Director

 

 

 

/s/ Nathaniel August

  Nathaniel August

 

19

CUSIP No. 04878Q863

SCHEDULE B

Transactions in the Securities of the Issuer Since the filing of Amendment No. 11 to the Schedule 13D

Class of Security Shares or Notional
Shares of Common
Stock Purchased
Price Per Share or
Notional Share ($US)
Date of Purchase

 

THE MANGROVE PARTNERS MASTER FUND, LTD.

Common Stock 90,401 2.2419 02/28/2020
Common Stock 33,438 2.2443 03/02/2020
Common Stock 113,070 2.2178 03/03/2020
Common Stock 12,800 2.2323 03/04/2020
Common Stock 20,490 2.2500 03/05/2020
Common Stock 31,198 2.1739 03/09/2020
Common Stock 6,286 2.0043 03/11/2020
Common Stock 93,980 1.8793 03/12/2020
Common Stock 100,000 1.8400 03/12/2020
Common Stock 300,000 1.8543 03/12/2020
Cash-Settled Total Return Swap 59,707 1.8916 03/13/2020
Cash-Settled Total Return Swap 147,455 1.8278 03/16/2020
Cash-Settled Total Return Swap 108,847 1.7984 03/17/2020
Common Stock 135,450 1.7475 03/18/2020
Common Stock 149,618 1.7886 03/19/2020