| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MNKTQ | Old Common Stock | Other | -2.03M | -100% | 0 | Nov 14, 2023 | See Footnote | F1 | ||
| transaction | MNKTQ | New Common Stock | Other | +1.09M | 1.09M | Nov 14, 2023 | See Footnotes | F2, F3, F4, F5 |
Bracebridge Capital, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Represents ordinary shares of Mallinckrodt plc cancelled, along with all rights attaching or relating thereto, on November 14, 2023 (the "Effective Date") in connection with Mallinckrodt plc's emergence from Chapter 11 and Irish examinership proceedings on the Effective Date (the "Old Common Stock"). |
| F2 | Represents new ordinary shares (the "New Common Stock") of Mallinckrodt plc issued on the Effective Date to holders of the Company's first lien and second lien debt, including the Bracebridge Funds (as defined below) in connection with Mallinckrodt plc's emergence from Chapter 11 and Irish examinership proceedings on the Effective Date. |
| F3 | 1,093,857 of the total reported New Common Stock are owned directly as follows: (i) 788,532 shares of New Common Stock are owned directly by FFI III S.a r.l. ("FFI"), (ii) 153,136 shares of New Common Stock are owned directly by FYI S.a r.l. ("FYI"), and (iii) 152,189 shares of New Common Stock are owned directly by Olifant Luxco S.a r.l. (together with FFI and FYI, the "Bracebridge Funds"). Bracebridge Capital, LLC (the "Investment Manager") is the investment manager of each of the Bracebridge Funds, and has the authority to vote and dispose of all the shares of New Common Stock reflected herein. |
| F4 | Each of the Bracebridge Funds and the Investment Manager disclaims beneficial ownership of the shares of New Common Stock except to the extent of any pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the shares of New Common Stock reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. |
| F5 | On November 8, 2023, the Bracebridge Funds reached an agreement with a third party which will result in the Bracebridge Funds disposing of approximately 355,448 shares of the total reported New Common Stock in following amounts: (i) 255,922 shares of New Common Stock will be disposed of by FFI, (ii) 49,763 shares of New Common Stock will be disposed of by FYI, and (iii) 49,763 shares of New Common Stock will be disposed of by Olifant Luxco S.a r.l. Each of the Bracebridge Funds and the Investment Manager disclaim beneficial ownership of such shares of New Common Stock except to the extent of their pecuniary interest therein. |