SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
MG Capital Management Ltd.

(Last) (First) (Middle)
C/O CAMPBELLS LLP
FLOOR 4, WILLOW HOUSE, CRICKET SQUARE

(Street)
GRAND CAYMAN E9 KY1-9010

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2021
3. Issuer Name and Ticker or Trading Symbol
HC2 HOLDINGS, INC. [ HCHC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.001 per share 24,462 I(1) By: Rio Royal LLC(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
MG Capital Management Ltd.

(Last) (First) (Middle)
C/O CAMPBELLS LLP
FLOOR 4, WILLOW HOUSE, CRICKET SQUARE

(Street)
GRAND CAYMAN E9 KY1-9010

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Rio Royal LLC

(Last) (First) (Middle)
595 MADISON AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
Explanation of Responses:
1. MG Capital Management, Ltd. ("MG Capital Management"), Rio Royal LLC ("Rio Royal") and certain other persons may be deemed to be members of a Section 13(d) group that beneficially owns more than 10% of the Issuer's outstanding Common Stock. The securities reported herein are directly held by Rio Royal. MG Capital Management is the sole owner of Rio Royal. As a result of the foregoing relationship, MG Capital Management may be deemed to beneficially own the shares beneficially owned directly by Rio Royal. Each reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer beneficially owned directly by the other members of the Section 13(d) group except to the extent of its pecuniary interest therein.
MG Capital Management, Ltd.; By: /s/ Michael Gorzynski, Sole Director 07/12/2021
Rio Royal LLC; By: /s/ Michael Gorzynski, Sole Manager 07/12/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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