This Amendment No. 6 (this “Amendment No. 6”) to the Statement on Schedule 13D in respect of the Common Shares of the Issuer (as previously and hereby amended, the “Statement”) is being filed by the Reporting Persons with the SEC to report the events described herein. This Amendment No. 6 amends and supplements the Statement as originally filed with the SEC by the Reporting Persons other than WWT1 on November 17, 2021 and previously amended by them on January 14, 2022, June 24, 2022, December 2, 2022, December 12, 2022 and November 27, 2023. To the extent applicable and not otherwise amended by this Amendment No. 6, the disclosures made by the Reporting Persons in the Statement as amended prior to this Amendment No. 6 are hereby adopted by WWT1. Except as otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the Statement prior to amendment hereby.
Item 2(a) is hereby amended and restated as follows:
Pursuant to Rule 13d-1(k)(1), this Statement is being filed jointly by the following persons (collectively, the “Reporting Persons”):
726 BF LLC (“726 BF”);
Peter Briger, the Manager of 726 BF;
726 BC LLC (“726 BC”);
Matthew Briger, the Manager of 726 BC;
WWT Opportunity #1 LLC (“WWT1”); and
Shaun Noll, the Managing Member of WWT1 and the holder of delegated power to vote and dispose of Common Shares held by 726 BF and 726 BC.
The Reporting Persons have entered into a joint filing agreement, dated as of December 6, 2023, a copy of which is attached hereto as Exhibit 99.4.
Item 2(b) is hereby amended by the addition of the following:
The principal business address of WWT1 is 1440 Plymouth Ave., San Francisco, CA 94112.
Item 2(c) is hereby amended by the addition of the following:
The principal business of WWT1, a Delaware limited liability company, is investing in securities.
ITEM 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. |
On December 1, 2023, 726 BF LLC, 726 BC LLC and Mr. Noll contributed 11,928,214 Common Shares, 4,996,844 Common Shares, and 1,320,449 Common Shares to WWT1, respectively, in exchange for proportionate membership interests in WWT1. Also on December 1, 2023, WWT1 assumed the obligations of 726 BF LLC and 726 BC LLC as Standby Purchasers under the Standby Purchase Agreement disclosed in Amendment No. 5 to the Statement and purchased 3,939,925 Common Shares for CA$0.38 per Common Share in a private transaction, using its working capital. Based on the December 1, 2023 daily exchange rate published by the Bank of Canada on December 4, 2023, the purchase price was equivalent to US$0.2813 per Common Share.
ITEM 5. | INTEREST IN SECURITIES OF THE ISSUER. |
Item 5(a)-(b) is hereby amended and restated in its entirety as follows:
The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover pages of this Amendment No. 5 is incorporated by reference in its entirety into this Item 5.
The percentages of the outstanding Common Shares reported herein as beneficially owned by the Reporting Persons are based upon 104,797,972 Common Shares outstanding on November 22, 2023, as announced by the Issuer on that date.
Item 5(c) is hereby amended by the addition of the following:
The disclosure set forth in Item 3 of this Amendment No. 6 is hereby incorporated herein.
Item 5(d) is hereby amended and restated as follows:
No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares reported herein, except that the members of WWT1 are ultimately entitled to such amounts. The extent of Mr. P. Briger’s interest in WWT1 may entitle him to such amounts in respect of more than 5% of the outstanding Common Shares.
Item 5(e) is hereby amended and restated as follows:
On December 1, 2023, each of 726 BF, 726 BC, Mr. P. Briger and Mr. M. Briger ceased to be a beneficial owner of more than five percent of the outstanding Common Shares.
ITEM 7. | MATERIAL TO BE FILED AS EXHIBITS |
Item 7 is hereby amended by the addition of the following: