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Form SC 13D/A MedMen Enterprises, Inc. Filed by: Gotham Green Partners LLC

February 8, 2023 2:46 PM EST

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

MEDMEN ENTERPRISES INC.

 

(Name of Issuer)

 

CLASS B SUBORDINATE VOTING SHARES

 

(Title of Class of Securities)

 

58507M107

 

(CUSIP Number)

 

David Rosenthal

Chief Compliance Officer

Gotham Green Partners, LLC

1437 4th Street

Santa Monica, California 90401

(212) 659-3838

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

January 31, 2023

 

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

 

 

 

 

CUSIP No. 58507M107Page 1 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

383,648,084 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

383,648,084 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

383,648,084 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

22.7% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA

       
(1)

Includes (a) an aggregate of 331,801,385 Class B Subordinate Voting Shares (“Shares”) issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 51,846,699 Shares issuable upon exercise of Warrants.

(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 2 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green GP 1, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

40,323,287 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

40,323,287 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

40,323,287 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

3.0% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 33,272,660 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 7,050,627 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 3 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green GP II, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

106,368,566 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

106,368,566 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

106,368,566 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

7.9% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 101,116,790 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate 5,251,776 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 4 of 19

 

  

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV IV GP, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

156,830,141 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

156,830,141 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

156,830,141 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.7% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 154,958,585 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 5 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV VI GP, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

80,126,090 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

80,126,090 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

80,126,090 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.8% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 42,453,350 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 6 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund 1 HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

8,063,649 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

8,063,649 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,063,649 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.6% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 6,653,700 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 1,409,949 Shares issuable upon exercise of Warrants.
(2)Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 7 of 19

 

  

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund 1 (Q) HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

32,259,638 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

32,259,638 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

32,259,638 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

2.4% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 26,618,960 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 5,640,678 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 8 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund II HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

15,595,758 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

15,595,758 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

15,595,758 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.2% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 14,825,742 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 770,016 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 9 of 19

 

  

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund II (Q) HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

90,772,808 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

90,772,808 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

90,772,808 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.5% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 86,291,048 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 4,481,760 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 10 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV IV HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

156,830,141 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

156,830,141 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

156,830,141 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.7% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)Includes (a) an aggregate of 154,958,585 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 11 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV VI HoldCo, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

80,126,090 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

80,126,090 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

80,126,090 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.8% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)

Includes (a) an aggregate of 42,453,350 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants.

(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 12 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund 1, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

8,063,649 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

8,063,649 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,063,649 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.6% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       
(1)

Includes (a) an aggregate of 6,653,700 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 1,409,949 Shares issuable upon exercise of Warrants.

(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 13 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund 1 (Q), L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

32,259,638 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

32,259,638 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

32,259,638 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

2.4% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       
(1)Includes (a) an aggregate of 26,618,960 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 5,640,678 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 14 of 19

 

  

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund II, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

15,595,758 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

15,595,758 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

15,595,758 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.2% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       
(1)Includes (a) an aggregate of 14,825,742 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 770,016 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 15 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Fund II (Q), L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

90,772,808 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

90,772,808 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

90,772,808 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

6.5% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       
(1)Includes (a) an aggregate of 86,291,048 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 4,481,760 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 16 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV IV, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

156,830,141 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

156,830,141 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

156,830,141 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.7% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       
(1)Includes (a) an aggregate of 154,958,585 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 1,871,556 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 17 of 19

 

 

1

NAMES OF REPORTING PERSONS

 

Gotham Green Partners SPV VI, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

80,126,090 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

80,126,090 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

80,126,090 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.8% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       
(1)

Includes (a) an aggregate of 42,453,350 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 37,672,740 Shares issuable upon exercise of Warrants.

(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 18 of 19

 

  

1

NAMES OF REPORTING PERSONS

 

Jason Adler

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

(a) ☐

(b) ☐

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

 

OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

383,648,084 shares (1)

9

SOLE DISPOSITIVE POWER

 

0 shares

10

SHARED DISPOSITIVE POWER

 

383,648,084 shares (1)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

383,648,084 shares (1)

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  Not applicable.  
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

22.7% (2)

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN

       
(1)Includes (a) an aggregate of 331,801,385 Shares issuable upon conversion of the outstanding principal and accrued interest of Convertible Notes as of January 31, 2023, and (b) an aggregate of 51,846,699 Shares issuable upon exercise of Warrants.
(2)

Calculated based on 1,308,619,247 Shares outstanding as of January 30, 2023.

 

 

CUSIP No. 58507M107Page 19 of 19

 

 

Explanatory Note

 

This Amendment No. 1 (the “Amendment”) amends the Schedule 13D filed with the U.S. Securities and Exchange Commission on November 10, 2022 (the “Schedule 13D”), which amended a Schedule 13G initially filed on February 16, 2021 and amended on June 10, 2021 and August 27, 2021. This Amendment is being filed to reflect accrued payment-in-kind interest on the Convertible Notes as of January 31, 2023 and the expiration on November 27, 2022 of Warrants exercisable for an aggregate of 1,024,754 Shares.

 

Unless set forth below, all previous Items set forth in the Schedule 13D remain unchanged. All capitalized terms used herein but not defined shall have the same meanings as set forth in the Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

 

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

(a) and (b). Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference n this Item 5.

 

The information set forth in Item 4 is hereby incorporated by reference into this Item 5.

 

Each Reporting Person expressly disclaims, to the extent permitted by applicable law, beneficial ownership of any Shares held by the other Reporting Persons. In addition, the filing of this Schedule 13D by Jason Adler and Gotham Green Partners, LLC should not be construed as an admission that either is, and each disclaims that they are, a beneficial owner, as defined in Rule 13d-3 under the Securities Act, of any of the Shares covered by this Schedule 13D.

 

(c) During the past 60 days, the Reporting Persons did not conduct any transactions in the Shares.

 

(d) To the knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates or shareholders of the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Issuer reported as beneficially owned by the Reporting Persons herein.

 

(e) Not applicable.

 

 

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 8, 2023

 

GOTHAM GREEN PARTNERS, LLC

 

GOTHAM GREEN FUND 1 HOLDCO, LLC

         

By:

/s/ Jason Adler   By: Gotham Green GP 1, LLC

Name:

Jason Adler  

Title:

Managing Member   By: /s/ Jason Adler
      Name: Jason Adler
      Title: Managing Member

 

GOTHAM GREEN GP 1, LLC  

GOTHAM GREEN FUND 1 (Q) HOLDCO, LLC

         

By:

/s/ Jason Adler   By: Gotham Green GP 1, LLC

Name:

Jason Adler  

Title:

Managing Member   By: /s/ Jason Adler
      Name: Jason Adler
      Title: Managing Member

 

GOTHAM GREEN GP II, LLC  

GOTHAM GREEN FUND II HOLDCO, LLC

         

By:

/s/ Jason Adler   By: Gotham Green GP II, LLC

Name:

Jason Adler  

Title:

Managing Member   By: /s/ Jason Adler
      Name: Jason Adler
      Title: Managing Member

 

GOTHAM GREEN PARTNERS SPV IV GP, LLC  

GOTHAM GREEN FUND II (Q) HOLDCO, LLC

         

By:

/s/ Jason Adler   By: Gotham Green GP II, LLC

Name:

Jason Adler  

Title:

Managing Member   By: /s/ Jason Adler
      Name: Jason Adler
      Title: Managing Member

 

GOTHAM GREEN PARTNERS SPV VI GP, LLC  

GOTHAM GREEN PARTNERS SPV IV HOLDCO, LLC

         

By:

/s/ Jason Adler   By: Gotham Green Partners SPV IV GP, LLC

Name:

Jason Adler  

Title:

Managing Member   By: /s/ Jason Adler
      Name: Jason Adler
      Title: Managing Member

 

 

 

 

GOTHAM GREEN PARTNERS SPV VI HOLDCO, LLC  

GOTHAM GREEN FUND II (Q), L.P.

         
By: Gotham Green Partners SPV VI GP, LLC   By: Gotham Green GP II, LLC
 
By: /s/ Jason Adler   By: /s/ Jason Adler
Name: Jason Adler   Name: Jason Adler
Title: Managing Member   Title: Managing Member

 

GOTHAM GREEN FUND 1, L.P.  

GOTHAM GREEN PARTNERS SPV IV, L.P.

         
By: Gotham Green GP 1, LLC   By: Gotham Green Partners SPV IV GP, LLC
 
By: /s/ Jason Adler   By: /s/ Jason Adler
Name: Jason Adler   Name: Jason Adler
Title: Managing Member   Title: Managing Member

 

GOTHAM GREEN FUND 1 (Q), L.P.  

GOTHAM GREEN PARTNERS SPV VI, L.P.

         
By: Gotham Green GP 1, LLC   By: Gotham Green Partners SPV VI GP, LLC
 
By: /s/ Jason Adler   By: /s/ Jason Adler
Name: Jason Adler   Name: Jason Adler
Title: Managing Member   Title: Managing Member

 

GOTHAM GREEN FUND II, L.P.  

/s/ Jason Adler

      JASON ADLER
By: Gotham Green GP II, LLC  
 
By: /s/ Jason Adler  
Name: Jason Adler  
Title: Managing Member  

 

Attention:Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 

 



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