Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
| CUSIP No. 523768109 |
13G |
|
| |
| 1. |
NAMES OF REPORTING PERSONS
Mudrick Capital Management, L.P. |
| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
(a) ¨ |
| |
|
(b) x |
| 3. |
SEC USE ONLY |
| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH |
5. |
SOLE VOTING POWER |
| 6. |
SHARED VOTING POWER
0 |
| 7. |
SOLE DISPOSITIVE POWER |
| 8. |
SHARED DISPOSITIVE POWER
0 |
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
| 10. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
¨ |
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
| 12. |
TYPE OF REPORTING PERSON*
IA |
| |
|
|
|
|
|
| 1. |
NAMES OF REPORTING PERSONS
Jason Mudrick |
| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
(a) ¨ |
| |
|
(b)
x |
| 3. |
SEC USE ONLY |
| 4. |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH |
5. |
SOLE VOTING POWER |
| 6. |
SHARED VOTING POWER
0 |
| 7. |
SOLE DISPOSITIVE POWER |
| 8. |
SHARED DISPOSITIVE POWER
0 |
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
| 10. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
¨ |
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% |
| 12. |
TYPE OF REPORTING PERSON* |
Explanatory Note: This Amendment No. 2 to Schedule 13G
is being filed solely for purposes of updating one of the signatories and to add an updated joint filer agreement filed herewith.
Item 1(a). Name of Issuer:
LEE ENTERPRISES, INCORPORATED (“Issuer”)
Item 1(b). Address of Issuer’s
Principal Executive Offices:
201 N. Harrison Street, Suite 600
Davenport, IA 52801
Item 2(a). Name of Person Filing:
This Schedule 13G is jointly filed by Mudrick
Capital Management, L.P. and Jason Mudrick (each a “Reporting Person” and collectively, the “Reporting Persons”).
Item 2(b). Address of Principal Business
Office or, if None, Residence:
The principal business address of Mudrick Capital
Management, L.P. and Jason Mudrick is 527 Madison Avenue, 6th Floor, New York, NY 10022.
Item 2(c). Citizenship:
Please refer to Item 4 on each cover sheet for
each Reporting Person.
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share
Item 2(e). CUSIP Number:
523768109
Item 3. If this Statement is Filed
Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
| |
(a) |
¨ Broker or dealer
registered under Section 15 of the Act (15 U.S.C. 78o); |
| |
(b) |
¨ Bank as defined in Section
3(a)(6) of the Act (15 U.S.C. 78c); |
| |
(c) |
¨ Insurance company as
defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); |
| |
(d) |
¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| |
(e) |
¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| |
(f) |
¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| |
(g) |
¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| |
(h) |
¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| |
(i) |
¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| |
(j) |
¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Item 4. Ownership.
Provide the following information regarding
the aggregate number and percentage of the class of securities of issuer identified in Item 1.
| |
(a) |
Amount beneficially owned: |
| |
|
Please refer to Item 9 on each cover sheet for each Reporting Person. |
| |
|
Please refer to Item 11 on each cover sheet for each Reporting Person. The percentages herein are based on 5,977,315 shares of Common Stock of the Issuer outstanding as of July 31, 2022, as reported in the Issuer’s Form 10-Q filed August 4, 2022. |
| |
(c) |
Number of shares as to which such person has: |
| |
|
|
| |
|
(i) |
Sole power to vote or to direct the vote: |
| |
|
|
|
| |
|
|
Please refer to Item 5 on each cover sheet for each Reporting Person. |
| |
|
|
|
| |
|
(ii) |
Shared power to vote or to direct the vote: |
| |
|
|
|
| |
|
|
Please refer to Item 6 on each cover sheet for each Reporting Person. |
| |
|
|
|
| |
|
(iii) |
Sole power to dispose or to direct the disposition of: |
| |
|
|
|
| |
|
|
Please refer to Item 7 on each cover sheet for each Reporting Person. |
| |
|
|
|
| |
|
(iv) |
Shared power to dispose or to direct the disposition of: |
| |
|
|
|
| |
|
|
Please refer to Item 8 on each cover sheet for each Reporting Person. |
Item 5. Ownership of Five Percent or
Less of a Class.
If this statement is being filed to report
the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class
of securities, check the following. ☒
Item 6. Ownership of More than Five
Percent on Behalf of Another Person.
None.
Item 7. Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification
of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of
my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| |
MUDRICK CAPITAL MANAGEMENT, L.P. |
| |
|
| |
February 14, 2023 |
| |
(Date) |
| |
|
| |
/s/ Jason Mudrick |
| |
(Signature) |
| |
|
| |
Jason Mudrick, Sole Member |
| |
(Name/Title) |
| |
|
| |
JASON MUDRICK |
| |
|
| |
February 14, 2023 |
| |
(Date) |
| |
|
| |
/s/ Jason Mudrick |
| |
(Signature) |
