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).
CUSIP No. 00972G108
|
SC 13D/A
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Page
2 of 6 Pages
|
1.
|
Names of Reporting Persons.
Praxis Trustees Limited As trustee of The Sonic Healthcare Holding
Company
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) x
|
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
Guernsey
|
Number
of Shares
Beneficially
Owned
by Each
Reporting
Person With:
|
7.
|
Sole Voting Power
0
|
8.
|
Shared Voting Power
871,186,700
|
9.
|
Sole Dispositive Power
0
|
10.
|
Shared Dispositive Power
871,186,700
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
871,186,700
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
¨
|
13.
|
Percent of Class Represented by Amount in Row (11)
18.2%
|
14.
|
Type of Reporting Person (See Instructions)
OO
|
1.
|
Names of Reporting Persons.
RPC Pharma Limited
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) x
|
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
Malta
|
Number
of Shares
Beneficially
Owned
by Each
Reporting
Person With:
|
7.
|
Sole Voting Power
0
|
8.
|
Shared Voting Power
871,186,700
|
9.
|
Sole Dispositive Power
0
|
10.
|
Shared Dispositive Power
871,186,700
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
871,186,700
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
¨
|
13.
|
Percent of Class Represented by Amount in Row (11)
18.3%
|
14.
|
Type of Reporting Person (See Instructions)
CO
|
CUSIP No. 00972G108
|
SC 13D/A
|
Page 3 of 6 Pages
|
1.
|
Names of Reporting Persons.
Ray Prudo, M.D.
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) x
|
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
Canada
|
Number
of Shares
Beneficially
Owned
by Each
Reporting
Person With:
|
7.
|
Sole Voting Power
22,500,000
|
8.
|
Shared Voting Power
893,686,700
|
9.
|
Sole Dispositive Power
22,500,000
|
10.
|
Shared Dispositive Power
893,686,700
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
893,686,700
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
¨
|
13.
|
Percent of Class Represented by Amount in Row (11)
18.8%
|
14.
|
Type of Reporting Person (See Instructions)
IN
|
CUSIP No. 00972G108
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SC 13D/A
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Page 4 of 6 Pages
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Introduction
This Amendment No. 3 to Schedule 13D (this
“Amendment No. 3”) amends and supplements where indicated the Statement on Schedule 13D originally filed with the Securities
and Exchange Commission on September 29, 2015 and amended on October 26, 2017 and March 30, 2020, respectively (collectively,
the “Prior Schedule 13D”) by and on behalf of RPC Pharma Limited, a Maltese corporation (“RPC”) and Ray Prudo,
M.D., a citizen of Canada (“Dr. Prudo,” and together with RPC, the “Prior Reporting Persons”), and relates
to the ordinary shares, par value $0.0001 (“Ordinary Shares”) of Akari Therapeutics, Plc, a public limited company formed
under the laws of England and Wales (the “Issuer”).
Capitalized terms used herein but not defined herein
shall have the meanings ascribed to them in the Prior Schedule 13D. This Amendment No. 3 amends and supplements the Prior Schedule
13D as specifically set forth herein. Except as set forth below, all previous Items in the Prior Schedule 13D remain unchanged.
This Amendment No. 3 is being filed to (i) include
Praxis Trustees Limited As trustee of The Sonic Healthcare Holding Company as a reporting person (“Praxis” and together with
the Prior Reporting Persons, the “Reporting Persons”) and (ii) amend Items 3, 4 and 5 as set forth below and to update
the number of shares of Ordinary Shares beneficially held by the Reporting Persons as a result of the transaction described below.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Prior Schedule 13D is hereby supplemented
by adding the following paragraph:
On July 3, 2019, pursuant to a registered
direct offering (the “Registered Direct Offering”) of 2,368,392 of the Issuer’s American Depositary Shares (“ADSs”),
each representing 100 Ordinary Shares, RPC purchased 184,210 ADSs at a price of $1.90 per ADS. The funds used by RPC to acquire the ADSs
were from its working capital. In connection with the sale of the ADSs in the Registered Direct Offering, RPC was also issued unregistered
warrants to purchase an aggregate of 92,105 ADSs at a price of $3.00 per ADS in a private placement. The warrants were immediately exercisable.
On February 19, 2020, pursuant to a private
placement (the “2020 Private Offering”) of 3,667,360 of the Issuer’s ADSs, each representing 100 Ordinary Shares, Dr. Prudo
purchased 150,000 ADSs at a price of $1.70 per ADS. The funds used by Dr. Prudo to acquire the ADSs were from his personal funds.
In connection with the sale of the ADSs in the 2020 Private Offering, Dr. Prudo was also issued unregistered warrants to purchase
an aggregate of 75,000 ADSs at a price of $2.20 per ADS in a private placement. The warrants were immediately exercisable.
On July 7, 2021, pursuant to a private placement
(the “2021 Private Offering”) of 7,947,540 of the Issuer’s ADSs, Praxis purchased 387,096 ADSs at a price of $1.55 per
ADS. The funds used by Praxis to acquire the ADSs came from Dr. Prudo’s personal funds held by Praxis on his behalf.
Item 4. Purpose of Transaction.
Item
4 of the Prior Schedule 13D is hereby supplemented by adding the following paragraph:
On
July 3, 2019, RPC purchased 184,210 ADSs and was issued 92,105 warrant ADSs in the Registered
Direct Offering described above. On February 19, 2020, Dr. Prudo purchased 150,000 ADSs and was
issued 75,000 warrant ADSs in the Private Offering described above. On July 7, 2201, Praxis purchased 387,096 ADS in the 2021
Private Offering described above.
CUSIP No. 00972G108
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SC 13D/A
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Page 5 of 6 Pages
|
Item 5. Interest in Securities of the Issuer.
(a) Praxis beneficially owns the 871,186,700
Ordinary Shares reported on the first cover page, which represents approximately 18.3% of the Issuer’s Ordinary Shares. Voting and
investment decisions with respect to such shares are controlled by Dr. Prudo. RPC beneficially owns the 871,186,700 Ordinary Shares
reported on the first cover page, which represents approximately 18.3% of the Issuer’s Ordinary Shares. Voting and investment decisions
with respect to such shares are controlled by Dr. Prudo. In his individual capacity, Dr. Prudo beneficially owns the 893,686,700
Ordinary Shares reported on the second cover page, which represents approximately 18.8% of the Issuer’s Ordinary Shares. The percentage
of beneficial ownership reported on the Reporting Persons’ cover pages to this Amendment No. 3 is based on 4,759,731,923
Ordinary Shares outstanding as of September 22, 2021 (as reported in the Company’s Current Report on Form 6-K filed on September 22, 2021).
(b)
Reporting Person
|
Sole Voting Power
|
Shared Voting Power
|
Sole Dispositive Power
|
Shared Dispositive Power
|
Praxis
|
0
|
871,186,700
|
0
|
871,186,700
|
RPC Pharma Limited
|
0
|
871,186,700
|
0
|
871,186,700
|
Ray Prudo, M.D.
|
22,500,000
|
893,686,700
|
22,500,000
|
893,686,700
|
(c) On July 3, 2019, RPC purchased 184,210
ADSs at a price of $1.90 per ADS pursuant to Registered Direct Offering as described in Item 3. In connection with the sale of the ADSs
in the Registered Direct Offering, RPC was also issued unregistered warrants to purchase an aggregate of 92,105 ADSs at a price of $3.00
per ADS in a private placement. On February 19, 2020, Dr. Prudo purchased 150,000 ADSs at a price of $1.70 per ADS pursuant
to the 2020 Private Offering as described in Item 3. In connection with the sale of the ADSs in the Private Offering, Dr. Prudo was
also issued unregistered warrants to purchase an aggregate of 75,000 ADSs at a price of $2.20 per ADS in a private placement. None of
the Reporting Persons has effected any other transactions in shares of the Common Stock during the 60 days prior to the filing of this
Amendment No. 3. On July 7, 2021, praxis purchased 387,096 ADSs at a price of $1.55 per ADS pursuant to the 2021 Private Offering
as described in Item 3.
(d) No person other than the Reporting
Persons is known to have the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of any Ordinary
Shares.
(e) Not applicable.
CUSIP No. 00972G108
|
SC 13D/A
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Page 6 of 6 Pages
|
Signatures
After reasonable inquiry and to the best of the
undersigned’s knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is
true, complete and correct.
Dated: October 18, 2021
|
Praxis Trustees Limited As trustee of The Sonic Healthcare Holding Company
|
|
|
|
|
By:
|
/s/ Blane Queripel
|
|
Name: Blane Queripel
|
|
Title: Trustee Director
|
Dated: October 18, 2021
|
RPC PHARMA LIMITED
|
|
|
|
|
By:
|
/s/ Ray Prudo
|
|
Name: Ray Prudo, M.D.
|
|
Title: Authorized Person
|
|
|
|
|
|
|
Dated: October 18, 2021
|
/s/ Ray Prudo
|
|
RAY PRUDO, M.D.
|