SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Mudrick Capital Acquisition Corporation with Hycroft Mining Holding Corporation

New York, New York--(Newsfile Corp. - August 12, 2021) -  The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Mudrick Capital Acquisition Corporation ("Mudrick Capital" or the "Company"). Entities who purchased Mudrick Capital (NASDAQ: MUDS) stock prior to January 13, 2020.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Mudrick Capital with Hycroft Mining Holding Corporation ("Hycroft").

On January 13, 2020, Mudrick Capital executed a merger agreement with the predecessor to Hycroft Mining Holding Corporation ("Hycroft"), with an April 17, 2020 record date for the shareholder vote. On May 29, 2020, the merger transaction closed, with Hycroft continuing as the successor entity.

On October 1, 2020, Hycroft announced a secondary offering, which ultimately consisted of 9.5 million shares of common stock, as well as the same number of immediately exercisable warrants, bringing net proceeds of $83.1 million. On this news, shares dropped 16% to $7.58/share.

On March 24, 2021, Hycroft released the financial results for 2020 and the financial outlook for 2021. On this news, shares dropped over 28% to $4.96. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/mudrick-capital-acquisition-corp-ii-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Mudrick Capital merger investigation concerns whether the Board of Mudrick Capital has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93004