13D Filings
EYENOVIA, INC.
HYPD
Initial Filing
Ownership

67.90%

Total Shares

5,982,998

Issuer CIK

1682639

CUSIP

30234E203

Event Date

Feb 20, 2025

Accepted

May 15, 2025, 05:09 PM

Reporting Persons (8)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Avenue Capital Management II, L.P.
Investment Adviser
67.90%5,982,9985,982,9980
Marc Lasry
Individual
67.90%5,982,99800
Avenue Venture Opportunities Partners II, LLC
Other
40.70%3,589,79900
Avenue Venture Opportunities Fund II, L.P.
Other
40.70%3,589,79900
GL Venture Opportunities Partners II, LLC
Other
40.70%3,589,79900
GL Venture Opportunities Partners, LLC
Other
27.20%2,393,19900
Avenue Venture Opportunities Partners, LLC
Other
27.20%2,393,19900
Avenue Venture Opportunities Fund, L.P.
Other
27.20%2,393,19900
Disclosure Items (7)

Security Title

COMMON STOCK, par value $0.0001 per share

Issuer Name

EYENOVIA, INC.

Issuer Address

23461 South Pointe Drive, Laguna Hills, CA, 92653

Filing Persons

This Schedule 13D is filed jointly by Avenue Venture Opportunities Fund, L.P., a Delaware limited partnership; Avenue Venture Opportunities Fund II, L.P., a Delaware limited partnership; Avenue Capital Management II, L.P., a Delaware limited partnership; Avenue Venture Opportunities Partners, LLC, a Delaware limited liability company; Avenue Venture Opportunities Partners II, LLC, a Delaware limited liability company; GL Venture Opportunities Partners, LLC, a Delaware limited liability company; GL Venture Opportunities Partners II, LLC, a Delaware limited liability company; and Marc Lasry, an individual and citizen of the United States, who are collectively referred to herein as "Reporting Persons".

Business Address

The address of each Reporting Person is Avenue Capital Group, 11 West 42nd Street, 9th Floor, New York, New York 10036

Principal Occupation

Each of Avenue Venture Opportunities Fund, L.P. ("Fund") and Avenue Venture Opportunities Fund II, L.P. ("Fund II") is a venture debt fund. Avenue Capital Management II, L.P., is a registered investment adviser and the manager of each of Fund and Fund II ("Manager"). Avenue Venture Opportunities Partners, LLC ("AVOP") is the general partner of Fund, Avenue Venture Opportunities Partners II, LLC ("AVOPII") is the general partner of Fund II. GL Venture Opportunities Partners, LLC ("GLVOP") is the managing member of AVOP, the general partner of Fund. GL Venture Opportunities Partners II, LLC ("GLVOPII") is the managing member of AVOPII, the general partner of Fund II. Marc Lasry is the managing member of GLVOP and GLVOPII and a founder of Avenue Capital Group, a global investment firm.

Convictions

Within the last five years, no Reporting Person has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction nor been 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.

Citizenship

See Item 2(a).

Investment capital of Fund and Fund II.

(a) - (c) On November 22, 2022, Fund and Fund II entered into a Loan and Security Agreement, and related agreements (collectively, the "Agreement"), by and among Issuer, as borrower, Fund and Fund II, as lenders, and Manager, as administrative agent and collateral agent, pursuant to which lenders agreed to fund an initial Growth Capital Loan (as defined in the Agreement) in the aggregate original principal amount of $10,000,000. As consideration for the commitment, lenders received an equity grant equal to 547,807 shares of Issuer's common stock. Effective as of Issuer's one-for-eighty reverse stock split on January 31, 2025, the number of such shares was reduced to 6,847 shares. Lenders initially had the right to convert up to $5 million of principal into common stock of Issuer at a conversion price of $2.148. On February 21, 2025, pursuant to a Second Amendment to the Supplement to the Agreement, at any time on or after April 1, 2025, lenders acquired the right to convert up to $10 million of principal at $1.68 per share. The Reporting Persons from time to time intend to review their investment in the Issuer on the basis of various factors, including Issuer's business, financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the common stock in particular, as well as other developments and other investment opportunities. Based upon such review, the Reporting Persons will take such actions in the future as they may deem appropriate in light of the circumstances existing from time to time, which may include disposal of some or all of the shares of common stock currently owned by the Reporting Persons or otherwise acquired by them pursuant to conversion of debt or in privately negotiated transactions. Any such transactions may be effected at any time or from time to time subject to any applicable limitations imposed on the sale of the common stock by applicable law. Except to the extent the foregoing may be deemed a plan or proposal, the Reporting Persons have no additional plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of the Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

Percentage of Class

See Item 11 of the cover page for each Reporting Person.

Number of Shares

See Items 7 through 10 of the cover page for each Reporting Person.

Transactions

Not applicable.

Shareholders

No person other than the Reporting Persons is known to have the right to receive, or power to direct the receipt of dividends from, or the proceeds from the sale of, Issuer's securities.

Date of 5% Ownership

Not applicable.

Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Schedule 13D, which agreement is attached hereto as Exhibit 99.1 to this Schedule 13D Except as described herein, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer.

Exhibit 99.1: Joint Filing Agreement by and among the Reporting Persons.