SC 13G: Telesat Corp

AI Summary

SC 13G filing by Telesat Corp.

Risk Assessment

Risk Level: low

FAQ

Filing Documents

• telesat_13g.htm (SC 13G) — 116KB
• 0000908834-24-000259.txt ( ) — 117KB

(a) Name of Issuer

Item 1. (a) Name of Issuer: Telesat Corporation (the " Company ") (b) Address of Issuer's Principal Executive Offices: 160 Elgin Street, Suite 2100, Ottawa, Ontario, Canada K2P 2P7

(a) Name of Persons Filing

Item 2. (a) Name of Persons Filing: This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the " Reporting Persons ". (i) Greywolf Opportunities Master Fund II LP, a Cayman Islands exempted limited partnership (" Greywolf Master Fund II "), with respect to the Shares held by it and the Shares it has the right to acquire upon the exercise of Options; (ii) Greywolf Advisors LLC, a Delaware limited liability company and the general partner (the " General Partner ") of Greywolf Master Fund II, with respect to the Shares held by Greywolf Master Fund II and the Shares Greywolf Master Fund II has the right to acquire upon the exercise of Options; (iii) Greywolf Capital Management LP, a Delaware limited partnership and the investment manager of Greywolf Master Fund II (the " Investment Manager "), with respect to the Shares held by Greywolf Master Fund II and the Shares Greywolf Master Fund II has the right to acquire upon the exercise of Options; (iv) Greywolf GP LLC, a Delaware limited liability company and the general partner of the Investment Manager (the " Investment Manager General Partner "), with respect to the Shares held by Greywolf Master Fund II and the Shares Greywolf Master Fund II has the right to acquire upon the exercise of Options; and (v) Jonathan Savitz (" Savitz "), a United States citizen and the senior managing member of the General Partner and the sole managing member of the Investment Manager General Partner, with respect to the Shares held by Greywolf Master Fund II and the Shares Greywolf Master Fund II has the right to acquire upon the exercise of Options. (b) Address of Principal Business Office: The address of the principal business office of: (i) each of the Reporting Persons other than Greywolf Master Fund II is 4 Manhattanville Road, Suite 201, Purchase, New York 10577; and (ii) Greywolf Master Fund II is Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103

Ownership

Item 4. Ownership The information required by Items 4(a) - (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person. The Shares and the Options reported hereby as held by Greywolf Master Fund II are owned directly by Greywolf Master Fund II. The General Partner, as the general partner of Greywolf Master Fund II, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Master Fund II and all such Shares that Greywolf Master Fund II has the right to acquire upon the exercise of Options. The Investment Manager, as the investment manager of Greywolf Master Fund II, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Master Fund II and all such Shares that Greywolf Master Fund II has the right to acquire upon the exercise of Options. The Investment Manager General Partner, as the general partner of the Investment Manager, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Master Fund II and all such Shares that Greywolf Master Fund II has the right to acquire upon the exercise of Options. Savitz, as the senior managing member of the General Partner and as the sole managing member of the Investment Manager General Partner, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Master Fund II and all such Shares that Greywolf Master Fund II has the right to acquire upon the exercise of Options. Each of the General Partner, the Investment Manager, the Investment Manager General Partner and Savitz hereby disclaims any beneficial ownership of any such Shares.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class Not Applicable.

Ownership of More Than Five Percent on Behalf of Another Person

Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group The Reporting Persons are filing this Schedule 13G pursuant to Rule 13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person above, the Reporting Persons neither disclaim nor affirm the existence of a group among them.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not Applicable.

Certification

Item 10. Certification 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, other than activities solely in connection with a nomination under 240.14a-11. Page 7 of 10 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: October 7, 2024 GREYWOLF ADVISORS LLC On its own behalf And as the General Partner of GREYWOLF OPPORTUNITIES MASTER FUND II LP By: /s/ Jonathan Savitz Name: Jonathan Savitz Title: Senior Managing Member GREYWOLF GP LLC On its own behalf And as the General Partner of GREYWOLF CAPITAL MANAGEMENT LP By: /s/ Jonathan Savitz Name: Jonathan Savitz Title: Managing Member By: /s/ Jonathan Savitz Name: Jonathan Savitz Page 8 of 10 Pages EXHIBIT INDEX EXHIBIT 1 Joint Acquisition Statement Pursuant to Section 240.13d-1(k) Page 9 of 10 Pages EXHIBIT 1 to SCHEDULE 13G JOINT ACQUISITION STATEMENT PURSUANT TO SECTION 240.13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: October 7, 2024 GREYWOLF ADVISORS LLC On its own behalf And as the General Partner of GREYWOLF OPPORTUNITIES MASTER FUND II LP By: /s/ Jonathan Savitz Name: Jonathan Savitz Title: Senior Managing Member GREYWOLF GP LLC On its own behalf And as the General Partner of GREYWOLF CAPITAL MANAGEMENT LP By: /s/ Jonathan Savitz Name: Jonathan Savitz Title: Managing Member By: /s/ J

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