NGE served as legal advisor to Hycroft Mining Holding Corporation, a U.S.-based gold and silver producer, in its upsized public offering of 9,583,334 units (which included the exercise in full of the underwriters' option to purchase 1,250,000 additional units) at a price to the public of $9.00 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $10.50 per share. The funds will be used for working capital expenditures, including the ramp up of operations at the Hycroft mine, construction of a new leach pad and associated infrastructure. The offering was closed on October 6, 2020, and raised $86 million for Hycroft.
Led by Corporate & Securities partner David Stone, the NGE team included attorneys Betsy Thelen, John Koenigsknecht, Elizabeth Nemeth, Beth Rosner, Phil Adler and Calida Taylor.
Click here to read the press release.