0000950170-23-047920.txt : 20230913
0000950170-23-047920.hdr.sgml : 20230913
20230913160506
ACCESSION NUMBER: 0000950170-23-047920
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230907
FILED AS OF DATE: 20230913
DATE AS OF CHANGE: 20230913
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DG Value Partners LP
CENTRAL INDEX KEY: 0001394325
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15103
FILM NUMBER: 231252715
BUSINESS ADDRESS:
STREET 1: 460 PARK AVENUE
STREET 2: 22ND FLOOR
CITY: New York
STATE: NY
ZIP: 10022
BUSINESS PHONE: 646-942-5700
MAIL ADDRESS:
STREET 1: 460 PARK AVENUE
STREET 2: 22ND FLOOR
CITY: New York
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: DG Value Parners LP
DATE OF NAME CHANGE: 20070324
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INVACARE HOLDINGS Corp
CENTRAL INDEX KEY: 0000742112
STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
IRS NUMBER: 384264819
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE INVACARE WAY
CITY: ELYRIA
STATE: OH
ZIP: 44035
BUSINESS PHONE: 4403296000
MAIL ADDRESS:
STREET 1: ONE INVACARE WAY
CITY: ELYRIA
STATE: OH
ZIP: 44035
FORMER COMPANY:
FORMER CONFORMED NAME: INVACARE CORP
DATE OF NAME CHANGE: 19920703
3
1
ownership.xml
3
X0206
3
2023-09-07
0
0000742112
INVACARE HOLDINGS Corp
IVCRQ
0001394325
DG Value Partners LP
460 PARK AVENUE, 22ND FLOOR
NEW YORK
NY
10022
false
false
true
false
Common Stock
186175
D
9.00% Series A Convertible Participating Preferred Stock
Common Stock
1841988
D
The reporting person is a private investment fund for which DG Capital Management, LLC serves as the investment manager.
The 9.00% Series A Convertible Participating Preferred Stock (the "Convertible Preferred Stock") has no expiration date. At any time on or after the earlier to occur of November 6, 2023 (the "Free Convertibility Date") or the occurrence of certain liquidation, dissolution or mandatory redemption events, holders of shares of Convertible Preferred Stock shall have the option to convert all or a portion of their shares of Convertible Preferred Stock into shares of the Issuer's common stock at a rate equal to the then liquidation preference of the Convertible Preferred Stock divided by $1.72076211. The Convertible Preferred Stock contains automatic adjustment features to the conversion ratio including, among other things, an accruing payment-in-kind dividend feature.
The shares of the Issuer's common stock and Convertible Preferred Stock held directly by the reporting person were previously included and disclosed in the Form 3 filed by DG Capital Management, LLC on May 15, 2023. This Form 3 is being filed to add the reporting person as a 10% owner, reflecting that as of September 7, 2023 (60 days prior to the Free Convertibility Date) the reporting person may be deemed the beneficial owner of the shares of common stock underlying the Convertible Preferred Stock pursuant to Rule 13(d)-3 promulgated under the Securities Exchange Act of 1934, as amended.
/s/ DG Value Partners, LP, by Dov Gertzulin, Authorized Signatory
2023-09-13