| (a) | Name of person filing:
This Amendment No. 14 (the "Amendment No. 14") relates to the Statement of Beneficial Ownership on Schedule 13G filed jointly by Magnetar Financial LLC, a Delaware limited liability company ("Magnetar Financial"), Magnetar Capital Partners LP, a Delaware limited partnership ("Magnetar Capital Partners"), Supernova Management LLC, a Delaware limited liability company ("Supernova Management"), and Alec N. Litowitz ("Mr. Litowitz") with the Securities and Exchange Commission (the "SEC") on September 10, 2021, as amended by Amendment No. 1 filed with the SEC on February 14, 2022, Amendment No. 2 filed with the SEC on November 10, 2022, Amendment No. 3 filed with the SEC on January 31, 2023, Amendment No. 4 filed with the SEC on November 13, 2023, Amendment No. 5 filed with the SEC on February 14, 2024, Amendment No. 6 filed with the SEC on November 14, 2024, Amendment No. 7 filed with the SEC on February 14, 2025, Amendment No. 8 filed with the SEC on May 15, 2025, Amendment No. 9 filed with the SEC on August 14, 2025, Amendment No. 10 filed with the SEC on November 14, 2025, Amendment No. 11 filed with the SEC on February 17, 2026, Amendment No. 12 filed with the SEC on March 3, 2026, and Amendment No. 13 filed with the SEC on May 15, 2026, by Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman ("Mr. Snyderman").
This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"):
i) Magnetar Financial LLC ("Magnetar Financial");
ii) Magnetar Capital Partners LP ("Magnetar Capital Partners");
iii) Supernova Management LLC ("Supernova Management"); and
iv) David J. Snyderman ("Mr. Snyderman").
This statement relates to shares of Common Stock, par value $0.01 per share ("Common Stock"), of the Issuer issuable to the Magnetar Vehicles (as defined below) (and thus beneficially owned by the Reporting Persons) upon (a) the potential conversion of the Issuer's 7.00% Senior Subordinated Convertible Notes Due 2031 (the "Notes") held by the Magnetar Vehicles; (b) the potential conversion of the Issuer's 8.75% Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock") held by the Magnetar Vehicles; and/or (c) the potential conversion of the Issuer's 9% Series B Convertible Preferred Stock (the "Series B Preferred Stock") held by the Magnetar Vehicles, applying the Investor Excepted Holder Limits as described in the following paragraph.
On February 19, 2026, the Issuer and the Magnetar Vehicles entered into an Excepted Holder Agreement pursuant to which the Issuer exempted the Magnetar Vehicles from (i) the Common Stock Ownership Limit (contained and defined in the Issuer's Charter) of not more than 9.8% (in value or number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of Common Stock and (ii) the Aggregate Stock Ownership Limit (contained and defined in the Issuer's Charter) of not more than 9.8% in value of the aggregate of the total outstanding shares of capital stock of the Issuer. Instead, under the terms of the Excepted Holder Agreement, the conversion of the Notes, Series D Preferred Stock and Series B Preferred Stock are subject to (higher) limits that permit the Reporting Persons to beneficially own up to (i) 45% (in value or number of shares, whichever is more restrictive) of the aggregate of the outstanding shares of the Common Stock (as calculated under the definition of Common Stock Ownership Limit in the Issuer's Charter) and (ii) 19% in value of the aggregate of the total outstanding shares of capital stock of the Issuer (as calculated under the definition of Aggregate Stock Ownership Limit in the Issuer's Charter). We refer to these (higher) limits permitted under the Excepted Holder Agreement, together, as the "Investor Excepted Holder Limits". The beneficial ownership share figures and related percentages reported in this Amendment No. 14 reflect the Investor Excepted Holder Limit identified in the preceding clause (i), and accordingly, the number and percentage of shares of Common Stock reported as beneficially owned by the Reporting Persons in this Amendment No. 14 represent the number and percentage, respectively, that the Reporting Persons believe is the maximum number of shares of Common Stock that they may be deemed to beneficially own based on such Investor Excepted Holder Limit. (The Reporting Persons describe their calculation of the number of shares reported herein as beneficially owned by them in the footnotes to the tables in this Amendment No. 14.)
Until such time as the Investor Excepted Holder Limits terminate pursuant to Section 6.4 of the Excepted Holder Agreement, the limits in the Excepted Holder Agreement apply in place of the lower limits that would otherwise apply pursuant to the Issuer's Charter. After such termination, unless the Issuer's board of directors grants an additional exception therefrom, the lower limits in the Issuer's Charter will apply and become the new ownership limits applicable to the Magnetar Vehicles and the Reporting Persons for purposes of the disclosures herein.
The Notes, Series D Preferred Stock and Series B Preferred Stock are held by Magnetar Structured Credit Fund, LP ("Structured Credit Fund") and Magnetar Longhorn Fund LP ("Longhorn Fund"), both Delaware limited partnerships; and Magnetar Lake Credit Fund LLC ("Lake Credit Fund"), Purpose Alternative Credit Fund - F LLC ("Alternative Fund F") and Purpose Alternative Credit Fund - T LLC ("Alternative Fund T"), all Delaware limited liability companies. In this Schedule 13G, we refer to the foregoing holders collectively as the "Magnetar Vehicles".
Magnetar Financial serves as (i) the investment manager to Longhorn Fund, Alternative Fund F and Alternative Fund T, (ii) general partner of Structured Credit Fund and (iii) manager of Lake Credit Fund. As such, Magnetar Financial exercises voting and investment power over securities held by the Magnetar Vehicles.
Magnetar Capital Partners is the sole member and parent holding company of Magnetar Financial.
Supernova Management is the general partner of Magnetar Capital Partners.
The Administrative Manager of Supernova Management is currently Mr. Snyderman. |