SC 13D/A 1 p24-3084sc13da.htm LUNA INNOVATIONS INCORPORATED
證券交易委員會  
華盛頓特區20549  
   
附表13D/A
 
根據1934年證券交易法
(第二次修正)*
 

luna innovations Incorporated

（發行人名稱）
 

普通股，每股面值$0.001

（證券種類名稱）
 

550351100

（CUSIP編號）
 
David J. Chanley
白帽資本合夥人有限合夥公司 狄翁星德大道48號
麥迪遜大道520號，33rd樓層
紐約州紐約市10022
(212) 257-5940
 
副本送往：
 

Eleazer Klein律師。

David A. Curtiss, Esq.

Schulte Roth & Zabel LLP
第919大道
紐約，NY 10022

(212) 756-2000

如果申報人此前已在表格13G上報告本表13D的對象所涉及的獲取情況，並且 因爲規則13d-l（e）、13d-l（f）或13d-l（g）的緣故而報告此表格，請打勾此框☐。
接收通知和通信的授權人）
 

2024年10月25日

（需要提交此聲明的事件日期）。
 

 

如果申報人以前曾在13G表格上提交過一份聲明，以報告與本13D表格所涉事務有關的收購，並且因爲13d-1(e)、13d-1(f)或13d-1(g)規則而提交此表格，請勾選下面的框。 [ ]

 

(第1頁，共14頁)

______________________________

*除本表格中首次申報的證券種類外，對於具有可能改變先前披露信息的任何後續修改，本封面頁的其餘部分應當填寫。

 

本封面其餘部分所需的信息不應被視爲1934年證券交易法第18條的""文件"目的（"行動）或其他 不受該法規定的任何責任，但應遵守該法的所有其他規定（但請參閱附註）。

 

CUSIP編號 550351100附表13D/A頁面 2 第14頁

 

1

報告人名稱

白帽閃電機會有限合夥

2 如果是一組的成員，請檢查適當的框（見說明書）

(a) ¨

(b) x

3 僅供SEC使用
4

所有基金類型的資金來源

未知

5 如果根據2(d)或2(e)項目需要披露法律訴訟，請勾選選框。 ¨
6

公民身份或組織地點

特拉華州。

持有的受益股份數量
股份
有益所有人
所有者
每個
報告
具有以下內容的人：		 7

唯一擁有投票權的股份數量

-0-

8

具有共同投票權

831,270股普通股，即可兌換成收益優先b系列轉換優先股股份（如下列第4項所定義）（包括113,432股普通股，即可兌換成一項或多項後續發行的b系列轉換優先股股份（如下列第4項所定義）

9

具有唯一處理權

-0-

10

具有共同處理權

831,270股普通股，即可兌換成收益優先b系列轉換優先股股份（包括113,432股普通股，即可兌換成一項或多項後續發行的b系列轉換優先股股份）

11

每個人擁有的股票總數

在轉換爲普通股的情況下，發行831,270股普通股（包括在一個或多個後續發行中可能發行的113,432股普通股）*

12 如果第11行的聚合金額排除某些股票，請勾選選框。 ¨
13

第（11）列金額所代表的類別所佔的百分比。

2.3%*

14

報告人類型

PN

         

 

*本報告中所報告的b類可轉換優先股股份的轉換受到區塊者的限制（如下文第4項所定義）。行(8)、(10)和(11)中普通股股份數量及比例

第四行（13）反映了本封面上報告的B系列可轉換優先股的全部轉換，然而，在任何特定時間轉換此類B系列可轉換優先股的能力受到阻礙者的約束，該阻礙者適用於報告人的受益所有權總額。

 

CUSIP編號 550351100附表13D/A頁面 3 第14頁

 

1

報告人名稱

WH Lightning GP有限責任公司

2 如果是一組的成員，請檢查適當的框（見說明書）

(a) ¨

(b) x

3 僅供SEC使用
4

所有基金類型的資金來源

AF

5 如果根據2(d)或2(e)項目需要披露法律訴訟，請勾選選框。 ¨
6

公民身份或組織地點

特拉華州。

持有的受益股份數量
股份
有益所有人
所有者
每個
報告
具有以下內容的人：		 7

唯一擁有投票權的股份數量

-0-

8

具有共同投票權

根據可轉換的b系列可轉換優先股股份轉換爲普通股份，發行831270股普通股（其中包括在一次或多次後續發行中可轉換的b系列可轉換優先股轉換爲普通股份的113432股）*

9

具有唯一處理權

-0-

10

具有共同處理權

根據可轉換的b系列可轉換優先股股份轉換爲普通股份，發行831270股普通股（其中包括在一次或多次後續發行中可轉換的b系列可轉換優先股轉換爲普通股份的113432股）*

11

每個人擁有的股票總數

831,270股普通股可轉換而發行（包括113,432股普通股可轉換而發行，其中包括在一個或多個後續發行中可轉換的b系列可轉換優先股股份）*

12 如果第11行的聚合金額排除某些股票，請勾選選框。 ¨
13

第（11）列金額所代表的類別所佔的百分比。

2.3%*

14

報告人類型

OO

         

 

* 報告的b系列可轉換優先股股份轉換受到阻擋器的限制。第(8)、(10)和(11)行中的普通股股份數量和第(13)行中列出的百分比反映

關於本封面報告中系列B可轉換優先股全部轉換的報道，但是在任何給定時間內轉換此類系列B可轉換優先股的能力受到阻礙者的約束，該阻礙者適用於申報人的受益所有權總額。

 

CUSIP編號 550351100附表13D/A頁面 4 第14頁

 

1

報告人名稱

白帽子戰略合作伙伴II LP

2 如果是一組的成員，請檢查適當的框（見說明書）

(a) ¨

(b) x

3 僅供SEC使用
4

所有基金類型的資金來源

未知

5 如果根據2(d)或2(e)項目需要披露法律訴訟，請勾選選框。 ¨
6

公民身份或組織地點

特拉華州。

持有的受益股份數量
股份
有益所有人
所有者
每個
報告
具有以下內容的人：		 7

唯一擁有投票權的股份數量

-0-

8

具有共同投票權

在轉換爲b系列可轉換優先股份的股份後，可發行1,246,908股普通股（其中包括可轉換優先股份轉換後發行的170,149股普通股，可在一個或多個後續發行中發行）*

9

具有唯一處理權

-0-

10

具有共同處理權

在轉換爲b系列可轉換優先股份的股份後，可發行1,246,908股普通股（其中包括可轉換優先股份轉換後發行的170,149股普通股，可在一個或多個後續發行中發行）*

11

每個人擁有的股票總數

在將b系列可轉換優先股轉換爲普通股後，可發行1,246,908股普通股（其中包括一項或多項後續發行中可發行的b系列可轉換優先股轉換後的170,149股普通股）*

12 如果第11行的聚合金額排除某些股票，請勾選選框。 ¨
13

第（11）列金額所代表的類別所佔的百分比。

3.5%*

14

報告人類型

PN

         

 

* 報告的b系列可轉換優先股股份轉換受到阻擋器的限制。第(8)、(10)和(11)行中的普通股股份數量和第(13)行中列出的百分比反映

關於本封面報告中系列B可轉換優先股全部轉換的報道，但是在任何給定時間內轉換此類系列B可轉換優先股的能力受到阻礙者的約束，該阻礙者適用於申報人的受益所有權總額。

 

CUSIP編號 550351100附表13D/A頁面 5 第14頁

 

1

舉報人姓名

白帽 SP GP II LLC

2 如果是群組成員，請選中相應的複選框

(a) §

(b) x

3 僅限秒鐘使用
4

資金來源

AF

5 如果根據第 2 (d) 或 2 (e) 項要求披露法律程序，請勾選複選框 §
6

公民身份或組織地點

特拉華州

的數量
股份
受益地
由... 擁有
每個
報告
有以下情況的人：		 7

唯一的投票權

-0-

8

共享投票權

轉換後可發行1,246,908股普通股 b系列可轉換優先股的股份（包括轉換系列股份後可發行的170,149股普通股） b 可通過一次或多次後續發行發行的可轉換優先股）*

9

唯一的處置力

-0-

10

共享的處置力

轉換後可發行1,246,908股普通股 b系列可轉換優先股的股份（包括轉換系列股份後可發行的170,149股普通股） b 可通過一次或多次後續發行發行的可轉換優先股）*

11

每個人實際擁有的總金額

轉換後可發行1,246,908股普通股 b系列可轉換優先股的股份（包括轉換系列股份後可發行的170,149股普通股） b 可通過一次或多次後續發行發行的可轉換優先股）*

12 檢查第 (11) 行中的總金額是否不包括某些股票 §
13

用第 (11) 行中的金額表示的類別百分比

3.5%*

14

舉報人類型

OO

         

 

* The conversion of the shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker. The number of shares of Common Stock in rows (8), (10) and (11) and the percentage set forth in row (13) reflect the

conversion in full of the Series B Convertible Preferred Stock reported on this cover page, however, the ability to convert such Series B Convertible Preferred Stock at any given time is subject to the Blocker which applies to the beneficial ownership of the Reporting Persons in the aggregate.

 

CUSIP No. 550351100SCHEDULE 13D/APage 6 of 14 Pages

 

1

NAME OF REPORTING PERSON

White Hat Structured Opportunities LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

State of Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.99%*

14

TYPE OF REPORTING PERSON

PN

         

 

*The conversion of the shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker and the percentage set forth in row (13) gives effect to the Blocker. However, rows (8), (10) and (11) show the number

shares of Common Stock that would be issuable upon the conversion of the shares of Series B Convertible Preferred Stock in full and does not give effect to the Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the Blocker, is less than the number of securities reported in rows (8), (10) and (11).

 

CUSIP No. 550351100SCHEDULE 13D/APage 7 of 14 Pages

 

1

NAME OF REPORTING PERSON

WHSO GP LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

State of Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

8,312,724 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,134,328 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.99%*

14

TYPE OF REPORTING PERSON

OO

         

 

*The conversion of shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker and the percentage set forth in row (13) gives effect to the Blocker. However, rows (8), (10) and (11) show the number of shares of Common Stock that would be issuable upon the conversion of the shares of Series B Convertible Preferred

Stock in full and does not give effect to the Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the Blocker, is less than the number of securities reported in rows (8), (10) and (11).

 

CUSIP No. 550351100SCHEDULE 13D/APage 8 of 14 Pages

 

1

NAME OF REPORTING PERSON

White Hat Capital Partners LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

State of Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.99%*

14

TYPE OF REPORTING PERSON

PN

         

 

*The conversion of shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker and the percentage set forth in row (13) gives effect to the Blocker. However, rows (8), (10) and (11) show the number of

shares of Common Stock that would be issuable upon the conversion of the shares of Series B Convertible Preferred Stock in full and does not give effect to the Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the Blocker, is less than the number of securities reported in rows (8), (10) and (11).

 

CUSIP No. 550351100SCHEDULE 13D/APage 9 of 14 Pages

 

1

NAME OF REPORTING PERSON

David J. Chanley

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

United Stated of America

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.99%*

14

TYPE OF REPORTING PERSON

IN

         

 

*The conversion of shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker and the percentage set forth in row (13) gives effect to the Blocker. However, rows (8), (10) and (11) show the number of

shares of Common Stock that would be issuable upon the conversion of the shares of Series B Convertible Preferred Stock in full and does not give effect to the Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the Blocker, is less than the number of securities reported in rows (8), (10) and (11).

 

CUSIP No. 550351100SCHEDULE 13D/APage 10 of 14 Pages

 

1

NAME OF REPORTING PERSON

Mark R. Quinlan

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,390,902 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock (including 1,417,909 shares of Common Stock issuable upon conversion of shares of Series B Convertible Preferred Stock issuable in one or more Subsequent Issuance(s))*

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.99%*

14

TYPE OF REPORTING PERSON

IN

         

 

*The conversion of shares of Series B Convertible Preferred Stock reported herein is subject to the Blocker and the percentage set forth in row (13) gives effect to the Blocker. However, rows (8), (10) and (11) show the number of

shares of Common Stock that would be issuable upon the conversion of the shares of Series B Convertible Preferred Stock in full and does not give effect to the Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to the Blocker, is less than the number of securities reported in rows (8), (10) and (11).

 

CUSIP No. 550351100SCHEDULE 13D/APage 11 of 14 Pages

The following constitutes Amendment No. 2 (“Amendment No. 2”) to the Schedule 13D filed by the undersigned with the Securities and Exchange Commission on December 27, 2023 (the “Original Schedule 13D”), as amended by Amendment No. 1 to the Original Schedule 13D filed by the undersigned with the Securities and Exchange Commission on July 23, 2024 (“Amendment No. 1,” and the Original Schedule 13D as amended by Amendment No. 1 and this Amendment No. 2, the “Schedule 13D”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D.

 

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
   
Item 3 of the Schedule 13D is hereby amended and supplemented to include the following:
 
  The White Hat Funds acquired the 3,000 Additional Shares (as defined below) reported herein in exchange for the Preferred Consent (as defined below) and an amount in cash equal to the par value thereof.  The White Hat Funds have the option to acquire in one or more additional closings an additional 9,500 shares of Series B Convertible Preferred Stock at $1,000 per share of Series B Convertible Preferred Stock. The source of the cash funds used to acquire the Additional Shares was the working capital of the White Hat Funds.

 

Item 4. PURPOSE OF TRANSACTION
   
Item 4 of the Schedule 13D is hereby amended and supplemented to include the following:
 
  First Amendment to Loan Agreement
   
  On October 25, 2024 (the “Closing Date”), certain funds affiliated with the Investment Manager (collectively, the “Lenders”) entered into that certain First Amendment (the “Loan Amendment”) to the Loan Agreement, with the Issuer, as borrower, Luna Technologies, Inc. and General Photonics Corp. as guarantors (together with the Issuer, the “Loan Parties”), and White Hat Lightning Opportunity LP, as agent (the “Agent”). The Loan Amendment provides for, among other things, the extension of certain incremental term facilities to the Issuer in an aggregate amount of $15,000,000 (the “Term Loans”), bringing the resulting total Term Loan commitment to $30,000,000, to provide funds for working capital and general corporate purposes of the Loan Parties.  The Loan Amendment provides that the Loan Agreement will mature on the earlier of (i) June 30, 2025, subject to possible extension if the Issuer meets certain milestones related to a Sale Transaction (as defined in the Loan Agreement), and (ii) the date on which a Sale Transaction closes.
   
  The Loan Amendment provides that the Loan Agreement will bear interest at a floating rate per annum equal to the Term SOFR (as defined in the Loan Amendment) plus a margin of 12%, with such interest payable monthly in cash in arrears, effective as of the Closing Date.
   

 

CUSIP No. 550351100SCHEDULE 13D/APage 12 of 14 Pages

 

  In connection with the Loan Amendment, on the Closing Date, the Loan Parties, Lenders, Agent and PNC Bank, National Association (“PNC”) entered into that certain First Amendment (the “Subordination Agreement Amendment” and, together with that certain Fifth Amendment to the Loan Agreement, dated as of December 1, 2020 between the Loan Parties and PNC, the Loan Amendment and the other ancillary transaction documents executed in connection with the Loan Amendment, the “Transaction Documents”) to the Subordination and Intercreditor Agreement, dated as of July 19, 2024, to, among other things, restate the relative rights and priority of PNC and the Agent.
   
  The foregoing description of the Loan Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan Amendment. For further information regarding the Loan Amendment, reference is made to the full text of the Loan Amendment, which has been filed as Exhibit 99.5 hereto and incorporated by reference herein.
   
  Private Placement of Series B Convertible Preferred Stock
   
  In connection with the execution of the Transaction Documents, on the Closing Date, the holders (the “Holders”) of the Issuer’s Series B Convertible Preferred Stock entered into that certain Letter Agreement (the “Letter Agreement”) with the Issuer pursuant to which, among other things, the Holders (i) provided consent to the Issuer’s entry into the Transaction Documents (the “Preferred Consent”) as required by the terms of the outstanding Series B Convertible Preferred Stock and (ii) agreed to exercise a portion of their right to purchase, on a pro rata basis, and the Issuer agreed to issue and sell, 3,000 shares of the Series B Convertible Preferred Stock (the “Additional Shares”) in exchange for the Preferred Consent and an amount in cash equal to the par value thereof, in accordance with the Subscription Agreement, as amended by the Letter Agreement.
   
  Following the transaction described herein, the Holders have the option to acquire in one or more additional closings an additional 9,500 shares of Series B Convertible Preferred Stock at $1,000 per share of Series B Convertible Preferred Stock.
   
  The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreement. For further information regarding the Letter Agreement, reference is made to the full text of the Letter Agreement, which has been filed as Exhibit 99.6 hereto and incorporated by reference herein.

 

 

CUSIP No. 550351100SCHEDULE 13D/APage 13 of 14 Pages

 

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
   
Items 5(a) and (b) of the Schedule 13D are hereby amended and restated in their entirety:
   
(a) See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of shares of Common Stock and percentages of shares of Common Stock beneficially owned by each of the Reporting Persons, which includes accumulated dividends through October 25, 2024.  The percentages used in this Schedule 13D/A are calculated based upon an aggregate of 34,697,019 shares of Common Stock outstanding as of December 20, 2023, as described in the Subscription Agreement, and assumes the conversion of the shares of Series B Convertible Preferred Stock held by the White Hat Funds, subject to the Blocker.
   
(b) See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition, which includes accumulated dividends through October 25, 2024.

 

Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
   
Item 6 of the Schedule 13D is hereby amended and supplemented to include the following:
   
  The information set forth in Item 4 of Amendment No. 2 is hereby incorporated by reference.

 

Item 7. MATERIAL TO BE FILED AS EXHIBITS
   
Item 7 of the Schedule 13D is hereby amended and supplemented to include the following:
   
Exhibit 99.5 First Amendment to Loan Agreement, dated as of October 25, 2024, by and among the Company, Luna Technologies, Inc., General Photonics Corp., White Hat Lightning Opportunity LP and certain funds affiliated with White Hat Capital Partners LP (incorporated by reference to Exhibit 10.2 of the Issuer’s Current Report on Form 8-K filed with the SEC on October 29, 2024).
   
Exhibit 99.6 Letter Agreement, dated as of October 25, 2024, by and among the Company and the Holders (incorporated by reference to Exhibit 10.3 of the Issuer’s Current Report on Form 8-K filed with the SEC on October 29, 2024).

 

 

 

CUSIP No. 550351100SCHEDULE 13D/APage 14 of 14 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE:  October 29, 2024 /s/ David J. Chanley
  DAVID J. CHANLEY, (i) individually, (ii) as Managing Member of:  (a) WH Lightning GP LLC, (x) for itself and (y) as General Partner of White Hat Lightning Opportunity LP, (b) White Hat SP GP II LLC, (x) for itself and (y) as General Partner of White Hat Strategic Partners II LP, (c) WHSO GP LLC, (x) for itself and (y) as General Partner of White Hat Structured Opportunities LP and (d) White Hat Capital Partners GP LLC, as General Partner of White Hat Capital Partners LP.
   
  /s/ Mark R. Quinlan
  MARK R. Quinlan, individually