TFF Pharmaceuticals (TFFP) Form 3 TFF Pharmaceuticals / CAPITAL L P CARLSON ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CARLSON CAPITAL L P

(Last) (First) (Middle)

2100 MCKINNEY AVE

STE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/15/2023

3. Issuer Name and Ticker or Trading Symbol
TFF Pharmaceuticals, Inc. [ TFFP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.001 per share (the "Common Stock"	5,280,000	I	See footnotes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (right to buy)	(3)	11/22/2027	Common Stock	600,000	1.29	I	See footnotes(1)(3)

1. Name and Address of Reporting Person^*

CARLSON CAPITAL L P

(Last) (First) (Middle)

2100 MCKINNEY AVE

STE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Double Black Diamond Offshore Ltd

(Last) (First) (Middle)

2100 MCKINNEY AVENUE

STE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Asgard Investment Corp. II

(Last) (First) (Middle)

2100 MCKINNEY AVENUE

STE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Carlson Clint Duane

(Last) (First) (Middle)

2100 MCKINNEY AVENUE

STE 1900

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Explanation of Responses:

1. The shares of Common Stock to which this relates are held directly by Double Black Diamond Offshore Ltd., a Cayman Islands exempted company (the "Fund").

2. Carlson Capital, L.P., a Delaware limited partnership ("Carlson Capital") serves as the investment manager to, and has the power to direct the affairs of, the Fund. Asgard Investment Corp. II, a Delaware corporation ("Asgard II") serves as the general partner of, and has the power to direct the affairs of, Carlson Capital. Mr. Clint D. Carlson, a U.S. citizen, serves as the president of, and has the power to direct the affairs of, Asgard II and Carlson Capital. Each of the reporting persons disclaims beneficial ownership of the securities to which this Form 3 relates for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the reporting person's pecuniary interest in the securities.

3. Represents warrants to purchase Common Stock, which are currently exercisable.

Remarks:

Exhibit 24 (each incorporated by reference to Exhibit 24 to the Form 3 filed by the Reporting Persons on October 21, 2022) Power of Attorney for Carlson Capital, L.P. Power of Attorney for Double Black Diamond Offshore Ltd. Power of Attorney for Asgard Investment Corp. II Power of Attorney for Clint D. Carlson

	Carlson Capital, L.P., By: /s/ Clint D. Carlson, Title: President	08/17/2023
	Double Black Diamond Offshore Ltd., By its general partner Asgard II, By: /s/ Clint D. Carlson, Title: President	08/17/2023
	Asgard Investment Corp. II, By: /s/ Clint D. Carlson, Title: President	08/17/2023
	By: /s/ Clint D. Carlson	08/17/2023
	** Signature of Reporting Person	Date
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