If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
§§240.13d-1(e),
240.13d-1(f)
or
240.13d-1(g),
check the following box. ☐
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lateral Investment Management, LLC I.D.
No. 45-3753719
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
2,482,565
*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
2,482,565
*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,482,565
*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
33.70%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
IA
|
*
|
Each share of Common Stock is presented on this amended Form 13D after giving effect to the
25-for-1
reverse stock split (the
Reverse Stock Split
) of the Issuer that became effective on November 6, 2017, as disclosed in the Issuers Form
8-K
filed on the same date.
|
**
|
Based on an aggregate total of 7,367,639 shares of Common Stock outstanding, comprised of 5,586,150 shares of Common Stock issued and outstanding as disclosed in the Issuers Form
8-K
filed on November 6, 2017,
plus
1,127,739 shares of Common Stock to which the Reporting Persons have a contractual right to receive (as further described in Item 3 below),
plus
653,750
shares of Common Stock underlying warrants held by the Reporting Persons or warrants to which the Reporting Persons have obtained a contractual right to receive (all on a post-Reverse Stock Split basis).
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lateral FTE Feeder LLC I.D.
No. 47-5408053
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
486,524*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
486,524*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
486,524*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
6.60%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
OO
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lateral U.S. Credit Opportunities Fund, L.P. I.D.
No. 37-1794036
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
1,464,854
*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
1,464,854
*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,854
*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
19.88%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
PN
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
LeoGroup Private Debt Facility LP I.D.
No. 80-0890142
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
652,284 *
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
652,284 *
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
652,284 *
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
8.85%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
PN
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lateral Credit Opportunities, LLC I.D.
No. 47-5318392
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
1,464,854
*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
1,464,854
*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,854
*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
19.88%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
OO
|
|
* See prior note above.
** See prior note above.
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Dhamitha Richard de Silva
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☐
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
2,482,565
*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
2,482,565
*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,482,565
*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
33.70%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
IN
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Patrick Feeney
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☐
|
3
|
|
SEC USE ONLY
|
4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO (Shares were issued pursuant to the Credit Agreement, as further described in Item
3.)
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
USA
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
|
8
|
|
SHARED VOTING POWER
2,482,565
*
|
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
2,482,565
*
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,482,565
*
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
33.70%
**
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
IN
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
Introduction
This Amendment No. 1 (
Amendment No.
1
) amends and supplements the statement on Schedule 13D initially filed on
May 15, 2017 (the
Original 13D
). This Amendment No. 1 relates to shares of Common Stock, par value $0.001 per share (
Common Stock
), of FTE Networks, Inc. , a Nevada corporation (the
Issuer
).
Item 2. Identity and Background.
Item 2 is amended and restated in its entirety as follows:
This Schedule 13D is being filed by Lateral Investment Management, LLC, a Delaware limited liability company (
Lateral
Management
), Lateral FTE Feeder LLC, a Delaware limited liability company (
Lateral FTE
), Lateral U.S. Credit Opportunities Fund, L.P., a Delaware limited partnership (
Lateral Fund
), LeoGroup Private
Debt Facility, LP, a Delaware limited partnership (
PDF
), Lateral Credit Opportunities, LLC, a Delaware limited liability company (
Lateral GP
), Dhamitha Richard de Silva, an individual (
De
Silva
), and Patrick Feeney , an individual (
Feeney
). Kenneth Masters no longer has voting control of any of the reporting persons and, as a result, has been removed as a reporting person. Lateral Management, Lateral FTE,
Lateral Fund, PDF, Lateral GP, De Silva and Feeney are together referred to herein as
Reporting Persons
, and each of them are individually referred to herein as a
Reporting Person
. Lateral Management is the sole
manager of Lateral FTE and has a management agreement with Lateral Fund. Lateral GP is the sole general partner of Lateral Fund. De Silva and Feeney are the sole managers of Lateral Management and Lateral GP. PDF and the other Reporting Persons have
agreed to act in concert with respect to the Common Stock and agree to be treated as a group for Schedule 13D filing purposes.
Lateral
FTE owns 486,524 shares of the Issuers Common Stock. Lateral Fund owns 1,464,854 shares of the Issuers Common Stock. Lateral Management owns 0 shares of the Issuers Common Stock. PDF has a contractual right to receive 254,734
shares of Common Stock as further described in the following paragraph and in Item 3 below. Due to its relationship with Lateral FTE and Lateral Fund, Lateral Management may be deemed to have shared voting and investment power with respect to the
shares owned by Lateral FTE and Lateral Fund. Lateral Management, however, disclaims beneficial ownership of such shares. Due to its relationship with Lateral Fund, Lateral GP may be deemed to have shared voting and investment power with respect to
the shares owned by Lateral Fund. Lateral GP, however, disclaims beneficial ownership of such shares. Due to their relationships with Lateral Management and Lateral GP, De Silva and Feeney may be deemed to have shared voting and investment power
with respect to the shares owned by Lateral Fund and Lateral FTE. De Silva and Feeney, however, disclaim beneficial ownership of such shares. Due to the group status agreed to between the parties, Lateral Management, Lateral FTE, Lateral Fund,
Lateral GP, De Silva and Feeney may be deemed to have beneficial ownership of the shares owned by PDF, however each party disclaims beneficial ownership of such shares.
The percentages used herein are based on an aggregate total of 7,367,639 shares of Common Stock outstanding, comprised of 5,586,150 shares of
Common Stock issued and outstanding as disclosed in the Issuers Form
8-K
filed on November 6, 2017,
plus
1,127,739 shares of Common Stock to which the Reporting Persons have a contractual
right to receive such shares (as further described in Item 3 below),
plus
653,750 shares of Common Stock underlying warrants held by the Reporting Persons or warrants to which the Reporting Persons have obtained a contractual right to receive
(all on a post-Reverse Stock Split basis).
Each Reporting Person that is an entity is organized under the state of Delaware. Each
Reporting Person that is an individual is a U.S. citizen. The principal business of each Reporting Person is to engage in the business of investing in securities and other investment opportunities. The principal business address of each Reporting
Person, other than PDF, is 1825 South Grant Street, Suite 210, San Mateo, CA 94402. PDFs principal place of business is 100 Wood Avenue South, Suite 209 Iselin, NJ 08830.
During the period beginning five years prior to the Event Date, none of the Reporting Persons or any of the natural persons described in this
Item 2 has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of
such proceeding, is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended by adding the following at the end thereof:
On December 15, 2017, PDF acquired from Lateral Management, the right to receive 254,734 shares of Common Stock from Lateral Management,
which Lateral Management has a contractual right to acquire as described below.
On December 4, 2017, PDF received a 81.7% percentage
interest in Lateral FTE which corresponds to 397,550 shares of Common Stock.
On October 17, 2017, Lateral Fund obtained the
contractual right to receive warrants to purchase 140,000 shares of Common Stock in connection with the extension of additional loans to the Issuer and its affiliates under the Credit Agreement. On November 3, 2017, Lateral Fund obtained
another contractual right to receive warrants to purchase 20,000 shares of Common Stock in connection with the extension of additional loans to the Issuer and its affiliates under the Credit Agreement.
On November 6, 2017, the Issuer effected a
25-for-1
reverse stock split that became effective on the same date, as described in the Issuers Form
8-K
filed on November 6, 2017. 1,127,739 shares of Common Stock that had been reported as acquired by the
Reporting Persons in the Original 13D have not been issued to date. However, the Reporting Persons obtained a contractual right to receive such 1,127,739 shares of Common Stock in connection with the lending of additional funds to the Issuer and
certain of its affiliates under the Credit Agreement. Thus, the Reporting Persons are deemed to beneficially own such 1,127,739 shares of Common Stock.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated in its entirety as follows:
(a)
As of December 18,
2017, the Reporting Persons beneficially own in the aggregate 2,482,565 shares of Common Stock, representing approximately 33.70% of the outstanding shares of Common Stock (based on an aggregate total of 7,367,639 shares of Common Stock outstanding,
comprised of 5,586,150 shares of Common Stock issued and outstanding as disclosed on the Issuers Form
8-K
filed on November 6, 2017,
plus
1,127,739 shares of Common Stock to which the
Reporting Persons have a contractual right to receive (as further described in Item 3 above),
plus
653,750 shares of Common Stock underlying warrants held by the Reporting Persons or warrants to which the Reporting Persons have obtained a
contractual right to receive).
Lateral Fund is the record owner of a portion of the shares of Common Stock referred to above. Lateral GP
is the sole general partner of Lateral Fund. Due to its relationship with Lateral Fund, Lateral GP may be deemed to have shared voting and investment power with respect to the Common Stock owned by Lateral Fund. Lateral GP, however, disclaims
beneficial ownership of such shares. Lateral Management has a management agreement with Lateral Fund. Due to its relationship with Lateral Fund, Lateral Management may be deemed to have shared voting and investment power with respect to the Common
Stock owned by Lateral Fund. Lateral Management, however, disclaims beneficial ownership of such shares. De Silva and Feeney are the sole managers of Lateral Management and Lateral GP. Due to their relationships with Lateral Management and Lateral
GP, De Silva and Feeney may be deemed to have shared voting and investment power with respect to the Common Stock owned by Lateral Fund. De Silva and Feeney, however, disclaim beneficial ownership of such shares. PDF and the other Reporting Persons
have agreed to act in concert with respect to the Common Stock and agree to be treated as a group for Schedule 13D filing purposes. Due to the group status agreed to between the parties, Lateral Management, Lateral FTE, Lateral Fund, Lateral GP, De
Silva and Feeney may be deemed to have beneficial ownership of the shares owned by PDF, however each party disclaims beneficial ownership of such shares.
Lateral FTE is the record owner of a portion of shares of the Common Stock referred to above. Lateral Management is the sole manager of
Lateral FTE. Due to its relationship with Lateral FTE, Lateral Management may be deemed to have shared voting and investment power with respect to the Common Stock owned by Lateral FTE. Lateral Management, however, disclaims beneficial ownership of
such shares. De Silva and Feeney are the sole managers of Lateral Management. Due to their relationships with Lateral Management, De Silva and Feeney may be deemed to have shared voting and investment power with respect to the Common Stock owned by
Lateral FTE. De Silva and Feeney, however, disclaim beneficial ownership of such shares.
(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reporting Persons
|
|
Number of Shares
with Shared
Dispositive Power
|
|
|
Number of Shares
with Shared Voting
Power
|
|
|
Aggregate Number
of Shares
Beneficially Owned
|
|
|
Percentage of
Class
Beneficially
Owned*
|
|
Lateral Investment Management, LLC
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
33.7
|
%
|
Lateral FTE Feeder LLC
|
|
|
486,524
|
|
|
|
486,524
|
|
|
|
486,524
|
|
|
|
6.6
|
%
|
Lateral U.S. Credit Opportunities Fund, L.P.
|
|
|
1,464,854
|
|
|
|
1,464,854
|
|
|
|
1,464,854
|
|
|
|
19.88
|
%
|
LeoGroup Private Debt Facility, LP
|
|
|
652,284
|
|
|
|
652,284
|
|
|
|
652,284
|
|
|
|
8.85
|
%
|
Lateral Credit Opportunities, LLC
|
|
|
1,464,854
|
|
|
|
1,464,854
|
|
|
|
1,464,854
|
|
|
|
19.88
|
%
|
Dhamitha Richard de Silva
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
33.7
|
%
|
Patrick Feeney
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
2,482,565
|
|
|
|
33.7
|
%
|
*
|
Based on an aggregate total of 7,367,639 shares of Common Stock outstanding, comprised of 5,586,150 shares of Common Stock issued and outstanding as disclosed in the Issuers Form
8-K
filed on November 6, 2017, plus 1,127,739 shares of Common Stock to which the Reporting Persons have a contractual right (as further described in Item 3 above), plus 653,750 shares of Common Stock
underlying warrants held by the Reporting Persons or warrants to which the Reporting Persons have obtained a contractual right to receive (all on a post-Reverse Stock Split basis).
|
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
The percentages set forth above are calculated based on an aggregate total of 7,367,639
shares of Common Stock outstanding, comprised of 5,586,150 shares of Common Stock issued and outstanding as disclosed in the Issuers Form
8-K
filed on November 6, 2017,
plus
1,127,739 shares
of Common Stock to which the Reporting Persons have a contractual right to receive (as further described in Item 3 above),
plus
653,750 shares of Common Stock underlying warrants held by the Reporting Persons or warrants to which the
Reporting Persons have obtained a contractual right to receive (all on a post-Reverse Stock Split basis).
(c) No transactions in shares of
Common Stock or preferred shares convertible into shares of Common Stock have been effected during the past 60 days by the Reporting Persons.
(d) Not applicable.
(e) Not
applicable.
|
|
|
|
|
CUSIP No. 30283R402
|
|
13D
|
|
Page of Pages
|
|
|
SIGNATURES
|
|
|
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies
that the information set forth in this statement is true, complete and correct.
Dated: December 18, 2017
|
|
|
Lateral Investment Management, LLC
|
|
|
By:
|
|
/s/ Dhamitha Richard de Silva
|
Name:
|
|
Dhamitha Richard de Silva
|
Title:
|
|
Manager
|
|
Lateral FTE Feeder LLC
|
|
|
By:
|
|
Lateral Investment Management, LLC
|
Its:
|
|
Manager
|
|
|
By:
|
|
/s/ Dhamitha Richard de Silva
|
Name:
|
|
Dhamitha Richard de Silva
|
Title:
|
|
Manager
|
|
Lateral U.S. Credit Opportunities Fund, L.P.
|
|
|
By:
|
|
Lateral Credit Opportunities, LLC
|
Its:
|
|
General Partner
|
|
|
By:
|
|
/s/ Dhamitha Richard de Silva
|
Name:
|
|
Dhamitha Richard de Silva
|
Title:
|
|
Manager
|
|
Lateral Credit Opportunities, LLC
|
|
|
By:
|
|
/s/ Dhamitha Richard de Silva
|
Name:
|
|
Dhamitha Richard de Silva
|
Title:
|
|
Manager
|
|
LeoGroup Private Debt Facility, LP
|
|
|
By:
|
|
|
Its:
|
|
General Partner
|
|
|
By:
|
|
/s/ Matthew Allain
|
Name:
|
|
Matthew Allain
|
Title:
|
|
Manager
|
|
Dhamitha Richard de Silva
|
|
/s/ Dhamitha Richard de Silva
Dhamitha Richard de Silva
|
|
Patrick Feeney
|
|
/s/s Patrick Feeney
|
Patrick Feeney
|