If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that 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. ☐
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).
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 2 of 16
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1
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|
NAMES OF
REPORTING PERSON: Valence Helix Investments III, LLC
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES
ONLY):
83-3347149
|
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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
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6
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|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
2,251,428 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,251,428 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,251,428 (See Item 5)
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12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): ☐ Not Applicable
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11):
9.63%
(1)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
PN
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(1)
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The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019
plus up to 1,125,714 shares of common stock of the Issuer that Valence Helix Investments III, LLC may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 3 of 16
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1
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NAMES OF
REPORTING PERSON: Valence Helix Investments, LLC
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
82-3293708
|
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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
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6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
295,070 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
295,070 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
295,070 (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):
1.31%
(2)
|
14
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|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
PN
|
(2)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019 plus up to
258,833 shares of common stock of the Issuer that Valence Helix Investments, LLC may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 4 of 16
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1
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NAMES OF
REPORTING PERSON: Eric Roberts
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
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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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
51,930
|
|
8
|
|
SHARED VOTING POWER:
2,546,498 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
51,930
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,546,498 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,598,428 (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):
9.99%
(3)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
IN
|
(3)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019
plus the maximum number of shares of common stock that the Reporting Persons may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 5 of 16
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1
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NAMES OF
REPORTING PERSON: Graham Crooke
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
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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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
2,546,498 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,546,498 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,546,498 (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):
9.99%
(4)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
IN
|
(4)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019 plus the maximum
number of shares of common stock that the Reporting Persons may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 6 of 16
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1
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|
NAMES OF
REPORTING PERSON: Rachel Leheny
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
|
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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
2,546,498 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,546,498 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,546,498 (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):
9.99%
(5)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
IN
|
(5)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019
plus the maximum number of shares of common stock that the Reporting Persons may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
|
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SCHEDULE 13D
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|
Page 7 of 16
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|
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1
|
|
NAMES OF
REPORTING PERSON: Philip Sawyer
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
|
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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
2,546,498 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,546,498 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,546,498 (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):
9.99%
(6)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
IN
|
(6)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019
plus the maximum number of shares of common stock that the Reporting Persons may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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CUSIP No. 52187K 101
|
|
SCHEDULE 13D
|
|
Page 8 of 16
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1
|
|
NAMES OF
REPORTING PERSON: Evgeny Zaytsev
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
|
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):
OO
|
5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e): ☐
|
6
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION:
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER:
0
|
|
8
|
|
SHARED VOTING POWER:
2,546,498 (See Item 5)
|
|
9
|
|
SOLE DISPOSITIVE POWER:
0
|
|
10
|
|
SHARED DISPOSITIVE POWER:
2,546,498 (See Item 5)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,546,498 (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):
9.99%
(7)
|
14
|
|
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS):
IN
|
(7)
|
The calculation of percentage ownership is based on a total of 22,260,301 shares of common stock of the Issuer
issued and outstanding as of the close of business on January 30, 2019, as reported by the Issuers Prospectus Supplement to Prospectus dated March 16, 2018, filed with the Securities and Exchange Commission on February 1, 2019 plus the maximum
number of shares of common stock that the Reporting Persons may acquire within 60 days of the date of this filing upon exercise of warrants, subject to the limitations contained in the warrants.
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Item 1. Security and Issuer.
This Schedule 13D relates to the shares of Common Stock, par value $0.001 per share (the Common Stock), of Leap Therapeutics, Inc.,
a Delaware corporation (the Issuer). The address of the principal executive office s of the Issuer is 47 Thorndike Street, Suite
B1-1,
Cambridge, MA 02142.
As of February 5, 2019, as reflected in this Schedule 13D, the Reporting Persons (as herein defined) beneficially owned 2,598,428 shares
of Common Stock, representing approximately 10.99% of the issued and outstanding Common Stock.
Item 2. Identity and Background.
(a) (c), (f)
This Schedule 13D is filed
by (i) Valence Helix Investments III, LLC, a Delaware limited liability company (Valence III); (ii) Valence Helix Investments, LLC, a Delaware limited liability company (Valence I), (iii) and each of (A) Eric
Roberts (Roberts), (B) Graham Crooke (Crooke), (C) Rachel Leheny (Leheny), (D) Philip Sawyer (Sawyer), and (E) Evgeny Zaytsev (Zaytsev). Each of Robert, Crooke, Leheny, Sawyer, and
Zaytsev re a natural person, and a US citizen. Valence III, Valence I, Roberts, Crooke, Leheny, Sawyer, and Zaytsev are collectively the Reporting Persons.
Each of Valence III and Valence I are private investment vehicles. Roberts, Crooke, Leheny, Sawyer, and Zaytsev are each investors by
profession and are collectively the managers of both Valence III and Valence I with shared voting and dispositive powers with respect to investments held by Valence III and Valence I.
The Reporting Persons have entered into a joint filing agreement, dated February 15, 2019, a copy of which is attached hereto as
Exhibit A
.
The principal business address for each of the Reporting Persons is 590 Madison Avenue, 21
st
Floor, New York, NY 10022.
(d) and (e)
During the last five years, none of the Reporting Persons, and to the best of their knowledge, none of the Reporting Persons members,
managers or officers (if applicable) (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is 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.
Item 3. Source and Amount of Funds or Other Consideration.
On November 14, 2017, the Issuer entered into purchase agreements to issue and sell in the aggregate 2,958,094 shares of its common stock, par value
$0.001 per share (the Common Stock) and warrants to purchase up to 2,958,094 of Common Stock in a private placement with a select group of institutional investors and strategic partners for total gross proceeds of $18.0 million. In
connection therewith, Valence I acquired 258,833 shares of the Common Stock and warrants to purchase 258,833 shares of Common Stock. Valence I subsequently sold some of the shares of Common Stock and as of the date hereof holds 36,237 shares of
Common Stock.
On February 1, 2019, the Issuer entered into an underwriting agreement (the Underwriting Agreement) with Raymond
James & Associates, Inc. and Ladenburg Thalmann & Co. Inc., as representatives of the several underwriters listed therein (the Underwriters), relating to the issuance and sale in an underwritten public offering by the
Issuer of 6,571,428 shares of the Companys Common Stock, and warrants to purchase up to 6,571,428 shares of its Common Stock (the Offering). Under the terms of the Underwriting Agreement, the Issuer granted the Underwriters an
option, exercisable for 30 days, to purchase up to an additional 985,714 shares of its Common Stock offered in the public offering and/or warrants to purchase up to 985,714 shares of its Common Stock at the public offering price, less underwriting
discounts and commissions. The Offering closed on February 5, 2019 including the full exercise of the Underwriters option to purchase additional securities. Valence III acquired in the Offering 1,125,714 shares of the Common Stock and
warrants to purchase 1,125,174 shares of Common Stock.
The shares of the Issuers common stock owned directly by Roberts were purchased by him on the open
market.
Item 4. Purpose of Transaction.
All securities acquired by any of the Reporting Persons were acquired for the purpose of making an investment in the Issuer.
Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, the Reporting Persons may acquire
additional shares of Common Stock and other securities of the Company from time to time or may dispose of any or all of such shares or other securities held by them from time to time.
At the present time, other than as set forth above, the Reporting Persons do not have any plans or proposals that relate or would result in:
(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the issuer;
(f) Any other material change in the issuers business or corporate structure, including but not limited
to, if the issuer is a registered
closed-end
investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of
1940;
(g) Changes in the issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the
acquisition of control of the issuer by any person;
(h) Causing a class of securities of the issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the
Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
The information contained on the cover pages of this Schedule 13D and the information set forth or incorporated in Items 3, 4 and 6 is hereby
incorporated by reference in its entirety into this Item 5.
(a) and (b)
Ownership percentages set forth in this Schedule 13D are based upon a total of 22,260,301 shares of Common Stock outstanding, as reported in
the Issuers Prospectus, filed with the Securities and Exchange Commission on February 1, 2019.
Valence Helix Investments III, LLC
Valence Helix Investments III, LLC directly holds 1,125,714 shares of Common Stock and warrants to purchase 1,125,174 shares of
Common Stock. Pursuant to Rule
13d-3
under the Act, Valence Helix Investments III, LLC may be deemed the beneficial owner of 2,598,428 shares of Common Stock. Valence Helix Investments III, LLC disclaims
beneficial ownership of said shares except to the extent of its pecuniary interest therein.
Valence Helix Investments, LLC
Valence Helix Investments, LLC directly holds 36,237 shares of Common Stock and warrants to purchase 258,833 shares of Common Stock. Pursuant
to Rule
13d-3
under the Act, Valence Helix Investments, LLC may be deemed the beneficial owner of 2,598,428 shares of Common Stock. Valence Helix Investments, LLC disclaims beneficial
ownership of said shares except to the extent of its pecuniary interest therein.
Eric Roberts
Roberts directly owns 51,930 shares of Common Stock. Roberts, as a manager of Valence III and Valence I, may have ability to direct the
management and the business of Valence III and Valence I, including the power to vote and dispose of the securities held by Valence III and Valence I. Roberts may, therefore, be deemed to beneficially own a total of 2,598,428 shares of Common Stock.
Roberts disclaims beneficial ownership of the securities held by Valence III and Valence I except to the extent of his pecuniary interest therein.
Crooke/Leheny/Sawyer/Zaytsev
Each
of Crooke, Leheny, Sawyer, and Zaytsev, along with Roberts, is a manager of Valence III and Valence I, and may have ability to direct the management and the business of Valence III and Valence I, including the power to vote and dispose of the
securities held by Valence III and Valence I. Each such Reporting Person may, therefore, be deemed to beneficially own a total of 2,546,498 shares of Common Stock. Each such Reporting Person disclaims beneficial ownership of said shares except to
the extent of his or her pecuniary interest therein.
(c) Except for the transaction described herein, there have been no other
transactions in the securities of the Issuer effected by any Reporting Person within the last 60 days.
(d) To the best knowledge
of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons
identified in this Item 5.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer
See Item 3 above, which is hereby incorporated herein.
On
November 14, 2017, as a private placement, the Issuer entered into purchase agreements (collectively, the Purchase Agreements) with certain existing and new institutional accredited investors and strategic partners (collectively,
the Purchasers). Pursuant to such Purchase Agreements, the Issuer, issued and sold to the Purchasers an aggregate of 2,958,094 shares (the Shares) of unregistered Common Stock, at a price per share of $6.085, and, with each
share issued a warrant (collectively, the Warrants) to purchase one share of Common Stock (the Warrant Shares) at an exercise price of $6.085 (the Exercise Price) with an exercise period expiring seven years after
closing (the Term). The Warrants include full ratchet anti-dilution protection provisions, which were approved by the stockholders of the Issuer on January 12, 2018.
Pursuant to the terms of the Purchase Agreements, the Issuer was obligated to prepare and file with the Securities and Exchange Commission (the
SEC) a registration statement (the Registration Statement) to register for resale the Shares and the Warrant Shares on or prior to the date that was thirty (30) days following the closing of the Private Placement, and
use its best commercially reasonable efforts, subject to receipt of necessary information from the Purchasers, to cause the SEC to declare the Registration Statement effective within sixty (60) days following the closing of the Private
Placement or, if the Registration Statement was selected for review by the SEC, within ninety (90) days following the closing of the Private Placement. The Issuer filed the Registration Statement with the SEC on December 8, 2017 (File
No. 333-221968).
In connection with the PIPE, each Reporting Person is subject to a
lock-up
pursuant to which each such Reporting Person has generally agreed, subject to certain exceptions, not to dispose of or hedge any shares of Common Stock or securities convertible into or exchangeable
for shares of Common Stock, for a period of 60 days after the
effective date of the Registration Statement filed with the SEC for the resale registration of the Common Stock issued in the November 14, 2017, offering and the shares of Common Stock
issuable upon exercise of the warrants sold in the offering.
Item 7. Materials to be Filed as Exhibits
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Exhibit
No.
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Description
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A
1
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Joint Filing Agreement, dated February 15, 2019.
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99.1
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Form of Purchase Agreement, dated as of November 14, 2017, by and among Leap Therapeutics, Inc. and the purchasers identified on the schedule thereto (incorporated by reference to Exhibit 99.2 to Schedule 13D (File
No. 005-90188)
filed with the SEC on November 21, 2017).
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99.2
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Form of Warrant, dated as of November 14, 2017 by and among Leap Therapeutics, Inc. and the purchasers identified on the schedule thereto (incorporated by reference to Exhibit 99.3 to Schedule 13D (File
No. 005-90188)
filed with the SEC on November 21, 2017).
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99.3
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Lock-up
Agreement, dated as of November 14, 2017 from each of the individuals identified on the schedule thereto (incorporated by reference to Exhibit 99.5 to Schedule 13D (File
No. 005-90188)
filed with the SEC on November 21, 2017).
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99.4
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Underwriting Agreement, dated February 1, 2019 by and among Leap Therapeutics, Inc. and the underwriters identified on the schedule thereto incorporated by reference to Exhibit 1.1 to Form
8-K
(File
No. 001-37990)
filed with the SEC on February 1, 2019).
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99.5
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Form of Warrant, dated as of February 5, 2019 (incorporated by reference to Exhibit 4.1 to Form
8-K
(File
No. 001-37990)
filed with the SEC on
February 1, 2019).
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CUSIP No. 52187K 101
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SCHEDULE 13D
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Page 14 of 16
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Signatures
After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this Statement with
respect to such person is true, complete and correct.
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VALENCE HELIX INVESTMENTS III, LLC
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Dated:
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February 15, 2019
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By:
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/s/ Eric Roberts
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Name: Eric Roberts
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Title: Manager
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VALENCE HELIX INVESTMENTS, LLC
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Dated:
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February 15, 2019
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By:
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/s/ Eric Roberts
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Name: Eric Roberts
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Title: Manager
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ERIC ROBERTS:
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Dated:
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February 15, 2019
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/s/ Eric Roberts
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GRAHAM CROOKE:
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Dated:
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February 15, 2019
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/s/ Graham Crooke
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RACHEL LEHENY:
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Dated:
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February 15, 2019
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/s/ Rachel Leheny
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PHILIP SAWYER:
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Dated:
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February 15, 2019
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/s/ Philip Sawyer
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EVGENY ZAYTSEV:
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Dated:
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February 15, 2019
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/s/ Evgeny Zaytsev
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Exhibit A
JOINT FILING AGREEMENT
Pursuant to Rule
13(d)-1(k)(1)
promulgated under the Securities Exchange Act of 1934, as amended, each
of the undersigned acknowledges and agrees that the foregoing statement on Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without
the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it
contained 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 as of February 15, 2019
[Signature
Page Follows]
Exhibit A
IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of the date first set forth above.
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VALENCE HELIX INVESTMENTS III, LLC
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By:
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/s/ Eric Roberts
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Name:
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Eric Roberts
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Title:
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Manager
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VALENCE HELIX INVESTMENTS, LLC
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By:
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/s/ Eric Roberts
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Name:
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Eric Roberts
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Title:
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Manager
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ERIC ROBERTS
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/s/ Eric Roberts
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GRAHAM CROOKE
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/s/ Graham Crooke
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RACHEL LEHENY
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/s/ Rachel Leheny
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PHILIP SAWYER
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/s/ Philip Sawyer
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EVGENY ZAYTSEV
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/s/ Evgeny Zaytsev
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