| | | | | | | | | | | | | | | | | | | | | |
<?xml version="1.0" encoding="windows-1252"?> |
<informationTable xsi:schemaLocation="http://www.sec.gov/edgar/document/thirteenf/informationtable eis_13FDocument.xsd" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"> |
| <infoTable> |
| | <nameOfIssuer> ADIENT PLC </nameOfIssuer> |
| | <titleOfClass> ORD SHS </titleOfClass> |
| | <cusip> G0084W101 </cusip> |
| | <value> 88542 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 1800000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 1800000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> ADTALEM GLOBAL ED INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 00737L103 </cusip> |
| | <value> 30111 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 626000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 626000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> ALTABA INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 021346101 </cusip> |
| | <value> 42315 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 578000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 578000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> COREPOINT LODGING INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 21872L104 </cusip> |
| | <value> 4364 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 168491 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 168491 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> EXACT SCIENCES CORP </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 30063P105 </cusip> |
| | <value> 8969 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 150000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 150000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> FOREST CITY RLTY TR INC </nameOfIssuer> |
| | <titleOfClass> COM CL A </titleOfClass> |
| | <cusip> 345605109 </cusip> |
| | <value> 54048 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 2369500 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 2369500 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> HRG GROUP INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 40434J100 </cusip> |
| | <value> 31655 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 2418245 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 2418245 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> INDUSTRIAL LOGISTICS PPTYS T </nameOfIssuer> |
| | <titleOfClass> COM SHS BEN INT </titleOfClass> |
| | <cusip> 456237106 </cusip> |
| | <value> 20674 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 925000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 925000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> MERRIMACK PHARMACEUTICALS IN </nameOfIssuer> |
| | <titleOfClass> COM NEW </titleOfClass> |
| | <cusip> 590328209 </cusip> |
| | <value> 3109 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 633297 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 633297 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> NI HLDGS INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 65342T106 </cusip> |
| | <value> 9709 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 572800 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 572800 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> PERSPECTA INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 715347100 </cusip> |
| | <value> 5138 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 250000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 250000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> PETMED EXPRESS INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 716382106 </cusip> |
| | <value> 12114 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 275000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 275000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> PG&E CORP </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 69331C108 </cusip> |
| | <value> 95760 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 2250000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 2250000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> PG&E CORP </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 69331C108 </cusip> |
| | <value> 47880 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 1125000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <putCall> Call </putCall> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 0 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 1125000 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> QUALITY CARE PPTYS INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 747545101 </cusip> |
| | <value> 7652 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 355740 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 355740 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> RAFAEL HLDGS INC </nameOfIssuer> |
| | <titleOfClass> COM CL B </titleOfClass> |
| | <cusip> 75062E106 </cusip> |
| | <value> 3217 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 350000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 350000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> RECRO PHARMA INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 75629F109 </cusip> |
| | <value> 4456 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 887700 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 887700 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> SIGMA DESIGNS INC </nameOfIssuer> |
| | <titleOfClass> COM </titleOfClass> |
| | <cusip> 826565103 </cusip> |
| | <value> 12205 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 2000858 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 2000858 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> SPIRIT AEROSYSTEMS HLDGS INC </nameOfIssuer> |
| | <titleOfClass> COM CL A </titleOfClass> |
| | <cusip> 848574109 </cusip> |
| | <value> 23625 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 275000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 275000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> SPIRIT MTA REIT </nameOfIssuer> |
| | <titleOfClass> COM SHS BEN IN </titleOfClass> |
| | <cusip> 84861U105 </cusip> |
| | <value> 17768 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 1725000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 1725000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> TURTLE BEACH CORP </nameOfIssuer> |
| | <titleOfClass> COM NEW </titleOfClass> |
| | <cusip> 900450206 </cusip> |
| | <value> 10668 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 525000 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 525000 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 0 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| <infoTable> |
| | <nameOfIssuer> WRIGHT MED GROUP N V </nameOfIssuer> |
| | <titleOfClass> RIGHT 03/01/2019 </titleOfClass> |
| | <cusip> N96617126 </cusip> |
| | <value> 514 </value> |
| | <shrsOrPrnAmt> |
| | | <sshPrnamt> 373531 </sshPrnamt> |
| | | <sshPrnamtType> SH </sshPrnamtType> |
| | | </shrsOrPrnAmt> |
| | <investmentDiscretion> SOLE </investmentDiscretion> |
| | <votingAuthority> |
| | | <Sole> 0 </Sole> |
| | | <Shared> 0 </Shared> |
| | | <None> 373531 </None> |
| | | </votingAuthority> |
| | </infoTable> |
| </informationTable> |