PURA VIDA INVESTMENTS, LLC 4

Accession 0001209191-22-026280

CIK 0001776932other

View on SEC.gov Company Profile

Filed

Apr 28, 8:00 PM ET

Accepted

Apr 29, 4:42 PM ET

Size

69.1 KB

Accession

0001209191-22-026280

Insider Transaction Report

Form 4

Period: 2021-01-11

MedMen Enterprises, Inc.MMNFF

Pura Vida Master Fund, LTD

10% Owner

Transactions

Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (341,847 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (8,257,155 underlying)
Expiration (Short)
Warrant
2021-01-11−27,680→ 193,765 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (221,445 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (339,079 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (420,217 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (107,077 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (1,082,518 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (26,147,767 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (366,218 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (132,700 underlying)
Expiration (Short)
Warrant
2021-01-11−35,234→ 246,633 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (281,867 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (115,647 underlying)
Expiration (Short)
Warrant
2021-01-11−95,817→ 670,724 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (766,541 underlying)
Expiration (Short)
Warrant
2021-01-11−28,193→ 197,353 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (225,546 underlying)
Other
Warrant
2021-01-11+3,986,944→ 3,986,944 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (3,986,944 underlying)
Expiration (Short)
Warrant
2021-01-11−11,127→ 77,884 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (89,011 underlying)
Expiration (Short)
Warrant
2021-01-11−8,145→ 57,013 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (65,158 underlying)
Expiration (Short)
Warrant
2021-01-11−10,178→ 71,250 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (81,428 underlying)
Expiration (Short)
Warrant
2021-01-11−8,903→ 62,322 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (71,225 underlying)
Expiration (Short)
Warrant
2021-01-11−30,259→ 211,807 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (242,066 underlying)
Expiration (Short)
Warrant
2021-01-11−8,741→ 61,189 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (69,930 underlying)
Expiration (Short)
Warrant
2021-01-11−2,572→ 18,004 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (20,576 underlying)
Expiration (Short)
Warrant
2021-01-11−3,214→ 22,500 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (25,714 underlying)
Other
Warrant
2021-01-11+1,259,035→ 1,259,035 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (1,259,035 underlying)

Kamen Efrem

10% Owner

Transactions

Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (115,647 underlying)
Expiration (Short)
Warrant
2021-01-11−27,680→ 193,765 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (221,445 underlying)
Expiration (Short)
Warrant
2021-01-11−8,145→ 57,013 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (65,158 underlying)
Expiration (Short)
Warrant
2021-01-11−2,572→ 18,004 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (20,576 underlying)
Expiration (Short)
Warrant
2021-01-11−3,214→ 22,500 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (25,714 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (420,217 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (8,257,155 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (26,147,767 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (341,847 underlying)
Expiration (Short)
Warrant
2021-01-11−35,234→ 246,633 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (281,867 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (366,218 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (132,700 underlying)
Expiration (Short)
Warrant
2021-01-11−95,817→ 670,724 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (766,541 underlying)
Expiration (Short)
Warrant
2021-01-11−28,193→ 197,353 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (225,546 underlying)
Expiration (Short)
Warrant
2021-01-11−10,178→ 71,250 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (81,428 underlying)
Expiration (Short)
Warrant
2021-01-11−8,903→ 62,322 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (71,225 underlying)
Expiration (Short)
Warrant
2021-01-11−11,127→ 77,884 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (89,011 underlying)
Other
Warrant
2021-01-11+1,259,035→ 1,259,035 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (1,259,035 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (1,082,518 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (339,079 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (107,077 underlying)
Other
Warrant
2021-01-11+3,986,944→ 3,986,944 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (3,986,944 underlying)
Expiration (Short)
Warrant
2021-01-11−30,259→ 211,807 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (242,066 underlying)
Expiration (Short)
Warrant
2021-01-11−8,741→ 61,189 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (69,930 underlying)

PURA VIDA INVESTMENTS, LLC

10% Owner

Transactions

Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (1,082,518 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (420,217 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (26,147,767 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (366,218 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.55Exp: 2022-04-23→ Class B Subordinate Voting Shares (341,847 underlying)
Other
Senior Secured Convertible Note
2021-01-11(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (8,257,155 underlying)
Expiration (Short)
Warrant
2021-01-11−8,145→ 57,013 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (65,158 underlying)
Expiration (Short)
Warrant
2021-01-11−2,572→ 18,004 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.65Exp: 2022-07-12→ Class B Subordinate Voting Shares (20,576 underlying)
Expiration (Short)
Warrant
2021-01-11−11,127→ 77,884 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (89,011 underlying)
Other
Warrant
2021-01-11+1,259,035→ 1,259,035 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (1,259,035 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (339,079 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.28Exp: 2022-04-23→ Class B Subordinate Voting Shares (132,700 underlying)
Expiration (Short)
Warrant
2021-01-11−27,680→ 193,765 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (221,445 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $2.17Exp: 2022-04-23→ Class B Subordinate Voting Shares (107,077 underlying)
Expiration (Short)
Senior Secured Convertible Note
2021-01-11→ 0 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $0.78Exp: 2022-04-23→ Class B Subordinate Voting Shares (115,647 underlying)
Expiration (Short)
Warrant
2021-01-11−95,817→ 670,724 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (766,541 underlying)
Expiration (Short)
Warrant
2021-01-11−35,234→ 246,633 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.01Exp: 2022-11-27→ Class B Subordinate Voting Shares (281,867 underlying)
Expiration (Short)
Warrant
2021-01-11−28,193→ 197,353 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (225,546 underlying)
Expiration (Short)
Warrant
2021-01-11−10,178→ 71,250 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (81,428 underlying)
Other
Warrant
2021-01-11+3,986,944→ 3,986,944 total(indirect: By Pura Vida Master Fund, LTD.)
Exercise: $0.16From: 2022-07-11Exp: 2026-01-11→ Class B Subordinate Voting Shares (3,986,944 underlying)
Expiration (Short)
Warrant
2021-01-11−30,259→ 211,807 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.72Exp: 2022-05-22→ Class B Subordinate Voting Shares (242,066 underlying)
Expiration (Short)
Warrant
2021-01-11−8,741→ 61,189 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $4.29Exp: 2022-05-22→ Class B Subordinate Voting Shares (69,930 underlying)
Expiration (Short)
Warrant
2021-01-11−8,903→ 62,322 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $3.16Exp: 2022-07-12→ Class B Subordinate Voting Shares (71,225 underlying)
Expiration (Short)
Warrant
2021-01-11−3,214→ 22,500 total(indirect: By Pura Vida Pro Special Opportunity Master Fund, LTD.)
Exercise: $1.17Exp: 2022-11-27→ Class B Subordinate Voting Shares (25,714 underlying)

Footnotes (9)

[F1]Pursuant to a Third Amended and Restated Securities Purchase Agreement dated 01/11/2021 (the "Third Restatement"), (a) portions of certain warrants were cancelled, (b) additional share purchase warrants with an exercise price of $0.1608 per share were issued, and (c) the conversion prices of certain Senior Secured Convertible Notes (each a "Note" and collectively, the "Notes") were amended to $0.17 per share. Furthermore, Notes with conversion prices of $0.26 or $0.20 per share and warrants with an exercise price of $0.26 per share were automatically adjusted to $0.1529 pursuant to existing down-round adjustment provisions; such automatic adjustments are not required to be reported herein as they do not constitute acquisitions of additional securities. All dollar and share amounts of Notes reflect fully accreted principal amounts as of 01/11/2021. The ultimate number of shares issuable on conversion may vary based on the accrued interest payable on Notes at the time of any conversion.
[F2]Pursuant to the Third Restatement, the conversion price of this Note was amended, which may be deemed a cancellation of the Note and an issuance of a new Note for the purpose of Section 16. See also footnotes (1) and (7).
[F3]Currently exercisable as of Reporting Date.
[F4]Not applicable.
[F5]The reporting persons (the "Reporting Persons") are Pura Vida Investments, LLC ("PVI"), Pura Vida Master Fund, LTD. (the "PV Master Fund"), and Efrem Kamen. PVI serves as the investment manager to the PV Master Fund. Pura Vida Pro, LLC ("PVP") serves as the investment manager to Pura Vida Pro Special Opportunity Master Fund, LTD. PVP is a relying adviser of PVI. Efrem Kamen serves as the managing member of both PVI and PVP.
[F6]This Form 4 shall not be deemed an admission that PVI and Efrem Kamen are beneficial owners of the securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of PVI and Efrem Kamen disclaims beneficial ownership of the Shares reported herein except to the extent of the PVI's and Efrem Kamen's pecuniary interest, if any, therein.
[F7]This Note may be deemed issued for the purpose of Section 16 pursuant to the Third Restatement upon amendment of the conversion price of the original Notes. See also footnotes (1) and (2).
[F8]Pursuant to the Third Restatement, a portion of the shares underlying this warrant was cancelled. See also footnote (1).
[F9]Warrant was issued pursuant to the Third Restatement. See also footnote (1).

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

MedMen Enterprises, Inc.

CIK 0001776932

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001590144

Filing Metadata

Form type: 4
Filed: Apr 28, 8:00 PM ET
Accepted: Apr 29, 4:42 PM ET
Size: 69.1 KB

View on SEC.gov