(Amendment No. ___)*
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 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).
SCHEDULE 13G
1
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NAMES OF REPORTING PERSONS
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Sopica Special Opportunities Fund LTD
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
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(a) ¨
(b) ¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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British Virgin Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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511,192
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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511,192
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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511,192
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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1.6%*
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12
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TYPE OF REPORTING PERSON (See Instructions)
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FI
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* Percent
of class is calculated based on (i) 21,605,322 shares of common stock, par value $0.001 (the “Common Stock”),
of AquaBounty Technologies, Inc. (the “Company” or the “Issuer”) outstanding as of November
4, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q (“Form 10-Q”) filed with the Securities
and Exchange Commission (the “SEC”) on November 5, 2019, plus (ii) 10,350,000 shares of Common Stock issued
in connection with the Offering (as defined below), including the exercise in full of the underwriters’ overallotment option.
SCHEDULE 13G
1
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NAMES OF REPORTING PERSONS
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Sopica Global Retail Growth Fund LTD
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
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(a) ¨
(b) ¨
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3
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SEC USE ONLY
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|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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British Virgin Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
|
0
|
6
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SHARED VOTING POWER
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2,650,000
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7
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SOLE DISPOSITIVE POWER
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0
|
8
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SHARED DISPOSITIVE POWER
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2,650,000
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,650,000
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.3%*
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12
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TYPE OF REPORTING PERSON (See Instructions)
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FI
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* Percent
of class is calculated based on (i) 21,605,322 shares of Common Stock of the Issuer outstanding as of November 4, 2019, as reported
in the Issuer’s Form 10-Q, plus (ii) 10,350,000 shares of Common Stock issued in connection with the Offering, including
the exercise in full of the underwriters’ overallotment option.
SCHEDULE 13G
1
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NAMES OF REPORTING PERSONS
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LLF Financial S.A.
|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
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(a) ¨
(b) ¨
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3
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SEC USE ONLY
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|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Luxembourg
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
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SOLE VOTING POWER
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0
|
6
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SHARED VOTING POWER
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3,161,192
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7
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SOLE DISPOSITIVE POWER
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0
|
8
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SHARED DISPOSITIVE POWER
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3,161,192
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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3,161,192
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.9%*
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12
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TYPE OF REPORTING PERSON (See Instructions)
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FI
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* Percent
of class is calculated based on (i) 21,605,322 shares of Common Stock of the Issuer outstanding as of November 4, 2019, as reported
in the Issuer’s Form 10-Q, plus (ii) 10,350,000 shares of Common Stock issued in connection with the Offering, including
the exercise in full of the underwriters’ overallotment option.
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Item 1(a).
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Name of Issuer:
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AquaBounty Technologies, Inc.
Item 1(b). Address of Issuer’s
Principal Executive Offices:
2 Mill & Main Place, Suite
395
Maynard, Massachusetts 01754
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Item 2(a).
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Name of Person Filing:
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This statement is being filed by:
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(i)
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Sopica Special Opportunities Fund LTD (“SSOF”)
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(ii)
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Sopica Global Retail Growth Fund LTD (“SGRGF”)
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(iii)
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LLF Financial S.A. (“LLFF”)
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Each of the foregoing is referred to as a “Reporting Person”
and collectively as the “Reporting Persons.”
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Item 2(b).
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Address of Principal Business Office for All Reporting Persons:
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The principal place of business of LLFF is:
23 Rue Aldringen
Luxembourg, Luxembourg L-1118
The principal place of business of each of SSOF and SGRGF is:
Folio Chambers, Road Town
Tortola, British Virgin Islands VG1110
SSOF and SGRGF are each organized under the laws of the British
Virgin Islands. LLFF is organized under the laws of Luxembourg.
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Item 2(d).
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Title of Class of Securities:
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Common Stock, par value $0.001 per share (the “Common
Stock”)
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Item 3.
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If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing
is a:
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(a)
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¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b)
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¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
78c);
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(d)
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¨ Investment company registered under Section 8 of the Investment Company
Act of 1940 (15 U.S.C.80a-8);
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(e)
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¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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¨ A savings associations as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
|
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(i)
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¨ A church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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x A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in
accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: (i) with respect to SSOF and SGRGF, an
investment company, and (ii) with respect to LLFF, an investment adviser.
Item 4. Ownership
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(a)
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Amount Beneficially Owned:
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SSOF beneficially owns directly 511,192
shares of Common Stock and SGRGF beneficially owns directly 2,650,000 shares of Common Stock.
LLFF is the investment manager of
each of SSOF and SGRGF and holds all of the management shares of each of SSOF and SGRGF. As a result, LLFF may be deemed to
have voting power and/or investment power over the Common Stock held by SSOF and SGRGF, which is equal to 3,161,192 shares of
Common Stock.
Mr. Yuriy Lopatynskyy, a citizen of the
United Kingdom, and Mr. Hennadiy Lopatynskyy, a citizen of Ukraine, each own half of the equity interests of LLFF.
SSOF is the direct beneficial owner of
1.6% of the outstanding shares of Common Stock.
SGRGF is the direct beneficial owner of
8.3% of the outstanding shares of Common Stock.
LLFF may be deemed to have voting
power and/or investment power over the Common Stock held by SSOF and SGRGF, which represents 9.9% of the outstanding shares
of Common Stock.
The foregoing percentages are calculated
by dividing the number of shares beneficially owned by each of the Reporting Persons by the total amount outstanding. The total
amount outstanding for the purposes of this statement is calculated based on (i) 21,605,322 shares of Common Stock of the Issuer
outstanding as of November 4, 2019, as reported in the Issuer’s Form 10-Q, plus (ii) 10,350,000 shares of Common Stock issued
in connection with the underwritten public offering of the Company’s Common Stock, which includes the exercise in full of
the underwriters’ overallotment option, which closed on February 13, 2020 (the “Offering”).
(c) Number
of shares as to which such person has:
The information in Rows 5-9 of the cover
page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
The foregoing information set forth in
this Item 4 should not be construed as an admission by any Reporting Person as to beneficial ownership of any shares of Common
Stock owned by another Reporting Person. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock
that are not directly owned by such Reporting Person, except to the extent of their pecuniary interest therein.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not
Applicable.
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Item 6.
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Ownership of more than Five Percent on Behalf of Another Person.
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Not
Applicable.
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Item 7.
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Identification and classification of the subsidiary which acquired the security being reported
on by the parent holding company or control person.
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Not Applicable.
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Item 8.
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Identification and classification of members of the group.
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Not Applicable.
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Item 9.
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Notice of Dissolution of Group.
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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 a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination
under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 25, 2020
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Sopica Special Opportunities
Fund LTD
|
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By: /s/ Marie-Laure
Aflalo
Name: Marie-Laure Aflalo
Title: Director
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By: /s/ Lionel Elie
Mamane
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Name: Lionel Elie Mamane
Title: Director
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Sopica Global Retail
Growth Fund LTD
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By: /s/ Marie-Laure
Aflalo
Name: Marie-Laure Aflalo
Title: Director
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By: /s/ Lionel Elie
Mamane
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Name: Lionel Elie Mamane
Title: Director
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LLF Financial S.A.
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By: /s/ Yuriy Lopatynskyy
Name: Yuriy Lopatynskyy
Title: Managing Director
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Attention: Intentional misstatements
or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
JOINT FILING AGREEMENT
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 filing agreements. 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 or it contained herein and therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason
to believe that such information is inaccurate.
Dated: February 25, 2020
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Sopica Special Opportunities
Fund LTD
|
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By: /s/ Marie-Laure
Aflalo
Name: Marie-Laure Aflalo
Title: Director
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By: /s/ Lionel Elie
Mamane
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Name: Lionel Elie Mamane
Title: Director
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Sopica Global Retail
Growth Fund LTD
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By: /s/ Marie-Laure
Aflalo
Name: Marie-Laure Aflalo
Title: Director
|
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By: /s/ Lionel Elie
Mamane
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Name: Lionel Elie Mamane
Title: Director
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LLF Financial S.A.
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|
|
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By: /s/ Yuriy Lopatynskyy
Name: Yuriy Lopatynskyy
Title: Managing Director
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