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.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
MEDMEN ENTERPRISES INC.
(Name of Issuer)
CLASS B SUBORDINATE VOTING SHARES
(Title of Class of Securities)
58507M107
(CUSIP Number)
David Rosenthal
Chief Compliance Officer
Gotham Green Partners, LLC
1437 4th Street
Santa Monica, California 90401
(212) 659-3838
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 28, 2023
(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.
* 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, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).
CUSIP No. 58507M107 | Page 1 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Partners, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
463,459,429 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
463,459,429 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,459,429 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.0% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA | |||
(1) |
Includes (a) an aggregate of 411,612,730 Class B Subordinate Voting Shares (“Shares”) issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 51,846,699 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 2 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green GP 1, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
48,281,794 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
48,281,794 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,281,794 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.4% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 41,231,167 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 7,050,627 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 3 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green GP II, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
131,351,541 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
131,351,541 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
131,351,541 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 126,099,765 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate 5,251,776 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 4 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Partners SPV IV GP, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
195,419,719 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
195,419,719 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,419,719 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 193,548,163 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 5 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Partners SPV VI GP, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
88,406,375 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
88,406,375 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,406,375 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 50,733,635 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 6 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Fund 1 HoldCo, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
9,655,152 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
9,655,152 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,655,152 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 8,245,203 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 1,409,949 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 7 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Fund 1 (Q) HoldCo, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
(a) ☐ (b) ☐ |
||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
38,626,642 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
38,626,642 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,626,642 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 32,985,964 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 5,640,678 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 8 of 19 |
1 |
NAMES OF REPORTING PERSONS
Gotham Green Fund II HoldCo, LLC | |||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 |
SEC USE ONLY
| |||
4 |
SOURCE OF FUNDS
OO | |||
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
19,258,762 shares (1) | |||
9 |
SOLE DISPOSITIVE POWER
0 shares | |||
10 |
SHARED DISPOSITIVE POWER
19,258,762 shares (1) | |||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,258,762 shares (1) | |||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4% (2) | |||
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 18,488,746 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 770,016 Shares issuable upon exercise of Warrants. |
(2) |
Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 9 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Fund II (Q) HoldCo, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
112,092,779 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
112,092,779 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,092,779 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 107,611,019 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 4,481,760 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 10 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Partners SPV IV HoldCo, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
195,419,719 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
195,419,719 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,419,719 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 193,548,163 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 11 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Partners SPV VI HoldCo, LLC | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
88,406,375 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
88,406,375 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,406,375 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 50,733,635 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 12 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Fund 1, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
9,655,152 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
9,655,152 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,655,152 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.7% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||
(1) | Includes (a) an aggregate of 8,245,203 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 1,409,949 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 13 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Fund 1 (Q), L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
38,626,642 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
38,626,642 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,626,642 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.7% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||
(1) | Includes (a) an aggregate of 32,985,964 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 5,640,678 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 14 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Fund II, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
19,258,762 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
19,258,762 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,258,762 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.4% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||
(1) | Includes (a) an aggregate of 18,488,746 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 770,016 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 15 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Fund II (Q), L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
112,092,779 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
112,092,779 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,092,779 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||
(1) | Includes (a) an aggregate of 107,611,019 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 4,481,760 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 16 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Partners SPV IV, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
195,419,719 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
195,419,719 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,419,719 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||
(1) | Includes (a) an aggregate of 193,548,163 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 17 of 19 |
1 | NAMES OF REPORTING PERSONS
Gotham Green Partners SPV VI, L.P. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
88,406,375 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
88,406,375 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,406,375 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |||
(1) | Includes (a) an aggregate of 50,733,635 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 18 of 19 |
1 | NAMES OF REPORTING PERSONS
Jason Adler | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |||
(a) ☐ (b) ☐ |
||||
3 | SEC USE ONLY
| |||
4 | SOURCE OF FUNDS
OO | |||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
463,459,429 shares (1) | |||
9 | SOLE DISPOSITIVE POWER
0 shares | |||
10 | SHARED DISPOSITIVE POWER
463,459,429 shares (1) | |||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,459,429 shares (1) | |||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||
Not applicable. | ☐ | |||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.0% (2) | |||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN | |||
(1) | Includes (a) an aggregate of 411,612,730 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of April 28, 2023, and (b) an aggregate of 51,846,699 Shares issuable upon exercise of Warrants. |
(2) | Calculated based on 1,391,531,445 Shares outstanding as of April 28, 2023. |
CUSIP No. 58507M107 | Page 19 of 19 |
Explanatory Note
This Amendment No. 2 (the “Amendment”) amends the Schedule 13D filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 10, 2022, as amended by Amendment No., 1 on the Schedule 13D/A filed with the SEC on February 8, 2023 (collectively, the “Schedule 13D”), which amended a Schedule 13G initially filed on February 16, 2021 and amended on June 10, 2021 and August 27, 2021. This Amendment is being filed to reflect accrued payment-in-kind interest on the Convertible Notes as of April 28, 2023.
Unless set forth below, all previous Items set forth in the Schedule 13D remain unchanged. All capitalized terms used herein but not defined shall have the same meanings as set forth in the Schedule 13D.
Item 5. | Interest in Securities of the Issuer |
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) and (b). Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference n this Item 5.
The information set forth in Item 4 is hereby incorporated by reference into this Item 5.
Each Reporting Person expressly disclaims, to the extent permitted by applicable law, beneficial ownership of any Shares held by the other Reporting Persons. In addition, the filing of this Schedule 13D by Jason Adler and Gotham Green Partners, LLC should not be construed as an admission that either is, and each disclaims that they are, a beneficial owner, as defined in Rule 13d-3 under the Securities Act, of any of the Shares covered by this Schedule 13D.
(c) During the past 60 days, the Reporting Persons did not conduct any transactions in the Shares.
(d) To the knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer reported as beneficially owned by the Reporting Persons herein.
(e) Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: May 10, 2023
GOTHAM GREEN PARTNERS, LLC |
GOTHAM GREEN FUND 1 HOLDCO, LLC | |||
By: |
/s/ Jason Adler | By: | Gotham Green GP 1, LLC | |
Name: |
Jason Adler | |||
Title: |
Managing Member | By: | /s/ Jason Adler | |
Name: | Jason Adler | |||
Title: | Managing Member |
GOTHAM GREEN GP 1, LLC | GOTHAM GREEN FUND 1 (Q) HOLDCO, LLC | |||
By: |
/s/ Jason Adler | By: | Gotham Green GP 1, LLC | |
Name: |
Jason Adler | |||
Title: |
Managing Member | By: | /s/ Jason Adler | |
Name: | Jason Adler | |||
Title: | Managing Member |
GOTHAM GREEN GP II, LLC | GOTHAM GREEN FUND II HOLDCO, LLC | |||
By: |
/s/ Jason Adler | By: | Gotham Green GP II, LLC | |
Name: |
Jason Adler | |||
Title: |
Managing Member | By: | /s/ Jason Adler | |
Name: | Jason Adler | |||
Title: | Managing Member |
GOTHAM GREEN PARTNERS SPV IV GP, LLC | GOTHAM GREEN FUND II (Q) HOLDCO, LLC | |||
By: |
/s/ Jason Adler | By: | Gotham Green GP II, LLC | |
Name: |
Jason Adler | |||
Title: |
Managing Member | By: | /s/ Jason Adler | |
Name: | Jason Adler | |||
Title: | Managing Member |
GOTHAM GREEN PARTNERS SPV VI GP, LLC | GOTHAM GREEN PARTNERS SPV IV HOLDCO, LLC | |||
By: |
/s/ Jason Adler | By: | Gotham Green Partners SPV IV GP, LLC | |
Name: |
Jason Adler | |||
Title: |
Managing Member | By: | /s/ Jason Adler | |
Name: | Jason Adler | |||
Title: | Managing Member |
GOTHAM GREEN PARTNERS SPV VI HOLDCO, LLC | GOTHAM GREEN FUND II (Q), L.P. | |||
By: | Gotham Green Partners SPV VI GP, LLC | By: | Gotham Green GP II, LLC | |
By: | /s/ Jason Adler | By: | /s/ Jason Adler | |
Name: | Jason Adler | Name: | Jason Adler | |
Title: | Managing Member | Title: | Managing Member |
GOTHAM GREEN FUND 1, L.P. | GOTHAM GREEN PARTNERS SPV IV, L.P. | |||
By: | Gotham Green GP 1, LLC | By: | Gotham Green Partners SPV IV GP, LLC | |
By: | /s/ Jason Adler | By: | /s/ Jason Adler | |
Name: | Jason Adler | Name: | Jason Adler | |
Title: | Managing Member | Title: | Managing Member |
GOTHAM GREEN FUND 1 (Q), L.P. | GOTHAM GREEN PARTNERS SPV VI, L.P. | |||
By: | Gotham Green GP 1, LLC | By: | Gotham Green Partners SPV VI GP, LLC | |
By: | /s/ Jason Adler | By: | /s/ Jason Adler | |
Name: | Jason Adler | Name: | Jason Adler | |
Title: | Managing Member | Title: | Managing Member |
GOTHAM GREEN FUND II, L.P. | /s/ Jason Adler | |||
JASON ADLER | ||||
By: | Gotham Green GP II, LLC | |||
By: | /s/ Jason Adler | |||
Name: | Jason Adler | |||
Title: | Managing Member |
Attention: | Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) |