![]() On May 29, 2020, in connection with the Business Combination, certain of the Reporting Persons acquired an aggregate of 5,817,015 shares of Class A Common Stock in a pro-rata distribution from Hycroft Mining Corporation as follows: 2,311,759 by Mudrick Opportunity Fund 922,152 by Mudrick Drawdown Fund 218,261 by Mudrick Specialty Fund and 2,364,843 by the Managed Accounts. Represents warrants to purchase shares of Class A Common Stock previously acquired as part of a unit consisting of one share of Class A Common Stock and one warrant as follows: 644,056 by Mudrick Opportunity Fund 1,503,553 by Mudrick Drawdown Fund II 622,249 by Mudrick Drawdown Fund II SC and 452,364 by the Managed Accounts. The Company’s share of the change in the net asset value of SILP for the three months ended Mawas income of $30.8 million, and shown in the caption “Income (loss) from investment in related party investment fund” in the Company’s condensed consolidated statements of operations. ![]() If a Member or a potential beneficiary has so requested in writing, the Trustee may in its absolute discretion retain a deceased Member's Individual Account (or part of it) in the Scheme as a Drawdown Fund for one or more of the Member's Survivors. If a Member is to receive Drawdown, the Trustee must first transfer the relevant part of his or her Uncrystallised Fund to a Drawdown Fund for the Member. The amount applied to provide the Pension Benefits shall be deducted from the Member's Uncrystallised Fund (or, in the case of Drawdown, Drawdown Fund), reducing accordingly the amount that can be used to provide other benefits in respect of him or her. This may be a Drawdown Fund provided by the Scheme or an equivalent arrangement provided outside the Scheme.
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