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