Attis Industries : Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions Documents EX-99.1

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AMENDMENT NO. 2 TO SCHEDULE 13G

Under the Securities Exchange Act of 1934

Attis Industries, Inc.

(Name of Issuer)

Common Shares, par value $0.025 per share

(Title of Class of Securities)

049836109

(CUSIP Number)

December 31, 2019

(Date of Event, which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information, which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be 'filed' for the purposes of Section 18 of the Securities and Exchange Act of 1934 ('Act') or otherwise subject to the liabilities of that section of the Act out shall be subject to all other provisions of the Act, (however, see the Notes).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis'outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,9shares).

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis'outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

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12540 Broadwell Road, Suite 2104

Milton, GA 30004

1012 Springfield Ave.

Mountainside, NJ 07092

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

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* Calculations are based on 473,907 shares of Common Stock underlying shares of Series G Convertible Preferred Stock, such that the reporting person is deemed to be the beneficial owner of 9.99% of Attis' outstanding Common Stock of 4,786,948 (calculated using the outstanding shares of 4,313,041 reported by Attis in a SEC filing in July 2019, plus 473,907 shares).

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

The reporting persons directly or indirectly own an aggregate of 473,907*, or 9.99%, shares of Common Stock of Attis Industries, Inc. ('Attis') as of the date of this filing. YA II and the other reporting persons shared the power to vote and dispose any such Common Stock.

Direct beneficial ownership of such Common Stock by the reporting persons is as follows (and therefore excludes any Common Stock indirectly held by such person or any securities, such as warrants, which may be exercised or converted into Common Stock of Attis):

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In addition to the direct beneficial ownership set forth above, each reporting person is also deemed to be the indirect beneficial owner of additional Common Stock that may be acquired by each such reporting person within 60 days of the date of this filing. Such Common Stock may be acquired by the reporting persons upon the conversion of shares of Series G Convertible Preferred Stock (the 'Series G Shares'), which are convertible or exercisable into Attis' Common Stock. However, the issuance of such Common Stock is subject to an ownership cap that limits the number of Common Stock that may be issued upon conversion of the Series G Shares to a total of 9.99% of Attis' outstanding Common Stock. Accordingly, each reporting person's indirect beneficial ownership of Attis' Common Stock is limited to 473,907 shares, which is equal to 9.99% of Attis' outstanding Common Stock of 4,313,041 shares (the most recent outstanding Common Stock as reported by Attis), plus 473,907 shares. In calculating the number of shares of Common Stock that may be subject to the ownership cap, the number of shares of Common Stock beneficially owned by the holder of the Series G Shares and all of its affiliates are taken into consideration. Solely for purposes of this filing, all of the reporting persons are deemed to be affiliated parties and therefore any shares of Common Stock beneficially owned by one reporting person are deemed to be held by all other reporting persons.

Below is a description of the relationship among the reporting persons:

YA II is beneficially owned by YA Global Investments II (U.S.), LP (the 'YA Feeder'). Yorkville Advisors Global, LP (the 'YA Advisor') is the investment manager to YA II. Yorkville Advisors Global II, LLC (the 'YA Advisor GP') is the general partner to the YA Advisor. YAII GP, LP (the 'YA GP') is the general partner to the YA Feeder. Yorkville Advisors GP, LLC (the 'Yorkville GP') is the general partner to the YA GP. Matthew Beckman makes the investment decisions on behalf of YA II. Accordingly, each of YA II, YA Feeder, the YA Advisor, the YA Advisor GP, the YA GP, the Yorkville GP and Matthew Beckman may be deemed affiliates and therefore may be deemed to beneficially own the same number of shares of Common Stock.

D-Beta One EQ, Ltd. ('D-Beta') is beneficially owned by D-Beta One Blocker EQ, Ltd. ('Blocker'), which is beneficially owned by D-Beta One Growth and Opportunity Fund Offshore, LP (the 'Opportunity Fund'). Delta Beta Advisors, LP ('D-Beta Advisor') is the investment manager to D-Beta. Delta Beta Advisors, LLC (the 'Delta Advisor GP') is the general partner to the D-Beta Advisor. D-Beta One GP, LLC ('D-Beta GP') is the general partner to the Opportunity Fund. Matthew Beckman makes the investment decisions on behalf of D-Beta. Accordingly, each of D-Beta, the Blocker, the Opportunity Fund, the D-Beta Advisors, the Delta Advisor GP, the D-Beta GP and Matthew Beckman may be deemed affiliates and therefore may be deemed to beneficially own the same number of shares of Common Stock.

For purposes of this filing, each of the reporting persons is deemed an affiliate of each other reporting person. YA II and D-Beta may be deemed affiliates through common ownership of the YA Advisor, the YA Advisor GP, the YA GP, the Yorkville GP, the D-Beta Advisor, the Delta Advisor GP and the D-Beta GP, each of which may be deemed an affiliate of YA II, the YA Feeder, D-Beta, the Blocker and the Opportunity Fund.

Not Applicable

See Item 6.

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 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 participant in any transaction having that purpose or effect.

Additional Information:

Each Reporting Person disclaims beneficial ownership of any securities beneficially owned by each other Reporting Person, and its report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for the purpose of Section 16 or for any other purpose.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement in true, complete and correct.

REPORTING PERSON:

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