Washington, D.C. 20549
(Amendment No. )1
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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. 68373P100
CUSIP NO. 68373P100
CUSIP NO. 68373P100
CUSIP NO. 68373P100
Opes Acquisition Corp. (the “Issuer”).
Park Plaza Torre I, 4218 NE 2nd Avenue, 2nd Fl. Miami, Florida 33137
This Schedule 13G is being jointly filed by, Lion Point Capital, LP, a Delaware limited partnership (“Lion Point
Capital”), Lion Point Holdings GP, LLC, a Delaware limited liability company (“Lion Point Holdings”), Didric Cederholm, a dual citizen of Sweden and France, and James Freeman, a citizen of the United States of America. Each of the foregoing is
referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
Lion Point Capital is the investment manager to its investment fund client. Lion Point Holdings is the general
partner of Lion Point Capital. Mr. Cederholm is a Founding Partner and Chief Investment Officer of Lion Point Capital. Mr. Cederholm is also a Member and a Manager of Lion Point Holdings. Mr. Freeman is a Founding Partner and Head of Research of Lion
Point Capital. Mr. Freeman is also a Member and a Manager of Lion Point Holdings. By virtue of these relationships, each of Lion Point Capital, Lion Point Holdings, Mr. Cederholm and Mr. Freeman may be deemed to beneficially own the securities
beneficially owned by its investment fund client.
The principal business office of each of the Reporting Persons is 250 West 55th Street, 33rd Floor, New York New York
10019.
Each of Lion Point Capital and Lion Point Holdings is organized under the laws of the State of Delaware. Mr.
Cederholm is a dual citizen of Sweden and France. Mr. Freeman is a citizen of the United States of America.
Common Stock, $0.0001 par value (the “Shares”)
68373P100
Provide the following information regarding the aggregate number and percentage of the class of securities of the
Issuer.
As of the close of business on December 31, 2018 through and including August 13, 2020, the Reporting Persons may be
deemed to have beneficially owned 945,938 shares of Common Stock.
The Reporting Persons currently beneficially own 12.0% of the Common Stock as
of August 13, 2020 and previously beneficially owned 12.0% of the Common Stock as of March 31, 2020. Percentage is based on the 7,863,069 shares of Common Stock issued and outstanding as of August 10, 2020,
as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2020 and as of March 23, 2020, as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange
Commission on March 30, 2020.
The Reporting Persons previously beneficially owned 7.7% of the Common Stock
as of December 31, 2019. Percentage is based on the 12,309,246 shares of Common Stock issued and outstanding as of November 19, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 19, 2019.
The Reporting Persons previously beneficially owned 6.4% of the Common Stock
as of December 31, 2018. Percentage is based on the 14,820,000 shares of Common Stock issued and outstanding as of November 7, 2018, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on November 8, 2018.
(c) Number of shares as to which such person has:
See Cover Pages Items 5-9.
See Cover Pages Items 5-9.
See Cover Pages Items 5-9.
See Cover Pages Items 5-9.
The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes
of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not
directly owned by such Reporting Person.
If this statement is being filed to report the fact that as of the date hereof each reporting person has ceased to be
the beneficial owner of more than five percent of the class of securities, check the following [ ].
Lion Point Capital’s client, Lion Point Master, LP, has the right to receive dividends and the proceeds from the sale
of securities.
Not Applicable.
See Exhibit 99.1
Not Applicable.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not
acquired and are held in the ordinary course of business and 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.
SIGNATURES
After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that
the information with respect to it or him set forth in this statement is true, complete and correct.
EXHIBIT 99.1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock, par value $0.0001
per share, of Opes Acquisition Corp., dated as of August 13, 2020 is, and any amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended.