Amended Statement of Beneficial Ownership (sc 13d/a)

Date : 04/01/2019 @ 9:09PM
Source : Edgar (US Regulatory)
Stock : Nantkwest, Inc. (NK)
Quote : 1.12  0.0 (0.00%) @ 8:59AM

Amended Statement of Beneficial Ownership (sc 13d/a)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

NantKwest, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

63016Q102

(CUSIP Number)

Cambridge Equities, LP

Attn: Charles Kenworthy

9922 Jefferson Boulevard

Culver City, California 90232

(310) 836-6400

With a copy to:

Martin J. Waters

Daniel R. Koeppen

Wilson Sonsini Goodrich & Rosati

Professional Corporation

12235 El Camino Real

San Diego, California 92130

(858) 350-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 21, 2019

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:  ☐

 

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

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 disclosures provided in a prior cover page.

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).

 

 

 


13D

CUSIP No. 63016Q102

 

  (1)   

NAMES OF REPORTING PERSONS

 

Cambridge Equities, LP    

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

WC, AF (See Item 3)    

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

☐    

  (6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     (7)    

SOLE VOTING POWER

 

None (See Item 5)    

     (8)   

SHARED VOTING POWER

 

40,575,814 shares (See Item 5)    

     (9)   

SOLE DISPOSITIVE POWER

 

None (See Item 5)    

   (10)   

SHARED DISPOSITIVE POWER

 

40,575,814 shares (See Item 5)    

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

40,575,814 shares (See Item 5)    

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)

 

☐    

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

41.2% (See Item 5)*    

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

PN    

 

*

This percentage is calculated based upon (x) 40,575,814 shares of the Issuer’s Common Stock beneficially owned by the Reporting Person, divided by (y) the sum of (i) 79,087,734 shares of the Issuer’s Common Stock (defined below) outstanding, as set forth in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2019, and (ii) 19,440,750 shares that were issued upon the exercise of an option and warrant held by Dr. Patrick Soon-Shiong on March 21, 2019.

 

Page 2 of 9


13D

CUSIP No. 63016Q102

 

  (1)   

NAMES OF REPORTING PERSONS

 

MP 13 Ventures, LLC    

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

AF (See Item 3)    

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

☐    

  (6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     (7)    

SOLE VOTING POWER

 

None (See Item 5)    

     (8)   

SHARED VOTING POWER

 

40,575,814 shares (See Item 5)    

     (9)   

SOLE DISPOSITIVE POWER

 

None (See Item 5)    

   (10)   

SHARED DISPOSITIVE POWER

 

40,575,814 shares (See Item 5)    

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

40,575,814 shares (See Item 5)    

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)

 

☐    

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

41.2% (See Item 5)*    

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

OO    

 

*

This percentage is calculated based upon (x) 40,575,814 shares of the Issuer’s Common Stock beneficially owned by the Reporting Person, divided by (y) the sum of (i) 79,087,734 shares of the Issuer’s Common Stock (defined below) outstanding, as set forth in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2019, and (ii) 19,440,750 shares that were issued upon the exercise of an option and warrant held by Dr. Patrick Soon-Shiong on March 21, 2019.

 

Page 3 of 9


13D

CUSIP No. 63016Q102

 

  (1)   

NAMES OF REPORTING PERSONS

 

Chan Soon-Shiong Family Foundation    

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

AF (See Item 3)    

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

☐    

  (6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     (7)    

SOLE VOTING POWER

 

None    

     (8)   

SHARED VOTING POWER

 

5,618,326 shares (See Item 5)    

     (9)   

SOLE DISPOSITIVE POWER

 

None    

   (10)   

SHARED DISPOSITIVE POWER

 

5,618,326 shares (See Item 5)    

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,618,326 shares    

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)

 

☐    

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.7%*    

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

CO    

 

*

This percentage is calculated based upon (x) 5,618,326 shares of the Issuer’s Common Stock beneficially owned by the Reporting Person, divided by (y) the sum of (i) 79,087,734 shares of the Issuer’s Common Stock (defined below) outstanding, as set forth in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2019, and (ii) 19,440,750 shares that were issued upon the exercise of an option and warrant held by Dr. Patrick Soon-Shiong on March 21, 2019.

 

Page 4 of 9


13D

CUSIP No. 63016Q102

 

  (1)   

NAMES OF REPORTING PERSONS

 

Patrick Soon-Shiong    

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

PF, AF (See Item 3)    

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

☐    

  (6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     (7)    

SOLE VOTING POWER

 

20,940,750 (See Item 5)    

     (8)   

SHARED VOTING POWER

 

46,194,140 shares (See Item 5)    

     (9)   

SOLE DISPOSITIVE POWER

 

20,940,750 (See Item 5)    

   (10)   

SHARED DISPOSITIVE POWER

 

46,194,140 shares (See Item 5)    

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

67,134,890 shares    

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)

 

☐    

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

67.5%*    

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

IN    

 

*

This percentage is calculated based upon (x) 67,134,890 shares of the Issuer’s Common Stock beneficially owned by the Reporting Person, divided by (y) the sum of (i) 79,087,734 shares of the Issuer’s Common Stock (defined below) outstanding, as set forth in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission (the “SEC”) on March 13, 2019, (ii) 19,440,750 shares that were issued upon the exercise of an option and warrant held by Dr. Patrick Soon-Shiong on March 21, 2019; and (iii) an option to purchase 900,000 shares of Common Stock held by Dr. Soon-Shiong that is fully vested.

 

Page 5 of 9


Explanatory Note: This Amendment No. 3 amends and supplements the Schedule 13D (as so amended, this “Schedule 13D”) filed with the Securities and Exchange Commission (the “SEC”) on August 31, 2015, by the Reporting Persons (as defined below), with respect to the common stock, par value $0.0001 per share (“Common Stock”), of NantKwest, Inc., a Delaware corporation (the “Issuer”), as amended by Amendment No. 1 thereto filed with the SEC on October 23, 2015, and Amendment No. 2 thereto filed with the SEC on July 11, 2016.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of this Schedule 13D is hereby amended by inserting the following:

In addition, on March 21, 2019, Dr. Patrick Soon-Shiong exercised the previously reported warrant to purchase 17,589,250 shares of the Issuer’s Common Stock for an aggregate purchase price of approximately $35.2 million and his option to purchase 1,851,500 shares of the Issuer’s Common Stock for an aggregate purchase price of $4.1 million. The shares purchased upon exercise were purchased on behalf of Dr. Soon-Shiong using his investment capital or funds under management.

Item 4. Purpose of Transaction.

Item 4 of this Schedule 13D is hereby amended by inserting the following:

In addition, on March 21, 2019, Dr. Patrick Soon-Shiong exercised the previously reported warrant to purchase 17,589,250 shares of the Issuer’s Common Stock for an aggregate purchase price of approximately $35.2 million and his option to purchase 1,851,500 shares of the Issuer’s Common Stock for an aggregate purchase price of $4.1 million.

Item 5. Interest in Securities of the Issuer.

The disclosure in Item 5 is hereby amended and restated as follows:

(a) and (b) Cambridge Equities beneficially owns, in the aggregate, 40,575,814 shares of Common Stock, representing approximately 41.2% of the outstanding Common Stock of NantKwest. MP 13 Ventures and Dr. Soon-Shiong may be deemed to beneficially own, and share voting power and investment power with Cambridge Equities over, all shares of Common Stock beneficially owned by Cambridge Equities.

The Foundation beneficially owns, in the aggregate, 5,618,326 shares of Common Stock, representing approximately 5.7% of the outstanding Common Stock of the Company. Dr. Soon-Shiong may be deemed to beneficially own, and share voting power and investment power over, all shares of Common Stock beneficially owned by the Foundation.

Dr. Soon-Shiong also beneficially owns 20,940,750 shares of Common Stock, which consists of 20,040,750 shares of Common Stock directly owned by Dr. Soon-Shiong and an option to purchase 900,000 shares of Common Stock held by Dr. Soon-Shiong that is fully vested. Dr. Soon-Shiong has the sole power to vote or direct the vote, and the sole power to dispose or direct the disposition, of all such 20,940,750 shares of Common Stock. As a result, Dr. Soon-Shiong may be deemed to beneficially own, in the aggregate, 67,134,890 shares of Common Stock, representing approximately 67.5% of the outstanding Common Stock of the Issuer.

For purposes of this Item 5(a) and (b), the percentages are calculated based upon (x) the shares of the Issuer’s Common Stock beneficially owned by the Reporting Person, divided by (y) the sum of (i) 79,087,734 shares of the Issuer’s Common Stock outstanding, as set forth in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on March 13, 2019, (ii) 19,440,750 shares that were issued upon the exercise of an option and warrant held by Dr. Patrick Soon-Shiong on March 21, 2019; and (iii) in the case of Dr. Soon-Shiong only, an option to purchase 900,000 shares of Common Stock held by Dr. Soon-Shiong that is fully vested .

(c) The information set forth in Item 3 above is hereby incorporated by reference in response to this Item 5(c).

(d) To the knowledge of the Reporting Persons, other than as described in this Schedule 13D, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares owned by it.

 

Page 6 of 9


(e) Not applicable.

Item 7. Material to be Filed as Exhibits.

The following documents are filed as exhibits:

 

Exhibit
Number

  

Description

1    Joint Filing Agreement, dated as of July 7, 2016, by and among Cambridge Equities, LP, MP 13 Ventures, LLC, the Chan Soon-Shiong Family Foundation, and Patrick Soon-Shiong (incorporated by reference to Exhibit 1 to the Schedule 13D/A, which was previously filed with the Commission on July 11, 2016).
2    Letter Agreement, dated as of June 30, 2016, by and among Sorrento Therapeutics, Inc., the Chan Soon-Shiong Family Foundation, and Cambridge Equities, LP (incorporated by reference to Exhibit 2 to the Schedule 13D/A, which was previously filed with the Commission on July 11, 2016).
3    Nominating Agreement by and between the Issuer and Cambridge Equities, LP, dated June 18, 2015 (incorporated by reference to Exhibit 4.1 to the Issuer’s Registration Statement on Form S-1 (File No. 333-205124) filed with the SEC on June 19, 2015).
4    Registration Rights Agreement by and between the Issuer and Cambridge Equities LP, dated December 23, 2014 (incorporated by reference to Exhibit 4.3 to the Issuer’s Registration Statement on Form S-1 (File No. 333-205124) filed with the SEC on June 19, 2015).

 

Page 7 of 9


SIGNATURE

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the information set forth in this statement is true, complete and correct.

Dated: April 1, 2019

 

CAMBRIDGE EQUITIES, LP
By:   MP 13 Ventures, LLC, its General Partner
By:   /s/ Charles Kenworthy
Its:   Manager

 

MP 13 VENTURES, LLC
By:   /s/ Charles Kenworthy
Its:   Manager

 

CHAN SOON-SHIONG FAMILY FOUNDATION
By:   /s/ Charles Kenworthy
Its:   Executive Vice President

 

PATRICK SOON-SHIONG
/s/ Patrick Soon-Shiong

 

Page 8 of 9


Exhibit Index

 

Exhibit
Number

  

Description

1    Joint Filing Agreement, dated as of July 7, 2016, by and among Cambridge Equities, LP, MP 13 Ventures, LLC, the Chan Soon-Shiong Family Foundation, and Patrick Soon-Shiong (incorporated by reference to Exhibit 1 to the Schedule 13D/A, which was previously filed with the Commission on July 11, 2016).
2    Letter Agreement, dated as of June 30, 2016, by and among Sorrento Therapeutics, Inc., the Chan Soon-Shiong Family Foundation, and Cambridge Equities, LP (incorporated by reference to Exhibit 2 to the Schedule 13D/A, which was previously filed with the Commission on July 11, 2016).
3    Nominating Agreement by and between the Issuer and Cambridge Equities, LP, dated June 18, 2015 (incorporated by reference to Exhibit 4.1 to the Issuer’s Registration Statement on Form S-1 (File No. 333-205124) filed with the SEC on June 19, 2015).
4    Registration Rights Agreement by and between the Issuer and Cambridge Equities LP, dated December 23, 2014 (incorporated by reference to Exhibit 4.3 to the Issuer’s Registration Statement on Form S-1 (File No. 333-205124) filed with the SEC on June 19, 2015).

 

Page 9 of 9

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