Statement of Ownership (sc 13g)
February 16 2021 - 10:40AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. )*
Teligent, Inc.
(Name of Issuer)
Common stock, $0.01 par value per share
(Title of Class of Securities)
87960W203
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of
this Statement)
Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
a.
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☒
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Rule
13d-1(b)
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b.
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☐
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Rule 13d-1(c)
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c.
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☐
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Rule 13d-1(d)
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*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).
CUSIP No. 87960W203
1.
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Names
of Reporting Persons.
UBS
O’Connor LLC
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2.
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Check
the Appropriate Box if a Member of a Group (See Instructions)
(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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Delaware
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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
2,000,001
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
2,000,001
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,001 (see Item 4)
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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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11.
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Percent of Class Represented by Amount in Row (9)
8.4% (see Item 4)
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12.
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Type of Reporting Person (See Instructions)
OO; IA
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Item
1.
(a)
Name of Issuer
Teligent, Inc. (the “Issuer”)
(b)
Address of Issuer’s Principal Executive Offices
105 Lincoln
Avenue
Buena, New
Jersey 08310
Item
2.
(a)
Name of Person Filing
(b)
Address of Principal Business Office or, if none, Residence
(c)
Citizenship
This
Schedule 13G is being filed on behalf of UBS O’Connor LLC, a Delaware limited liability company (the “Reporting
Person”).
The
Reporting Person serves as the investment manager to Nineteen77 Global Multi-Strategy Alpha Master Limited (“GLEA”).
In such capacity, the Reporting Person exercises voting and investment power over the shares of Common Stock held for the account
of GLEA. The Reporting Person is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as
amended. As a result, the Reporting Person may be deemed to have beneficial ownership (as determined under Section 13(d) of the
Securities Exchange Act of 1934, as amended) of the shares of Common Stock held for the account of GLEA.
The
principal business office of the Reporting Person is One North Wacker Drive, 32nd Floor, Chicago, Illinois 60606
(d)
Title of Class of Securities
Common
stock, $0.01 par value per share (the “Common
Stock”).
(e)
CUSIP Number
87960W203
Item 3. 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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☐
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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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☐
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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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☐
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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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☐
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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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☒
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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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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).
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
____
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Item 4. Ownership.
(a)
and (b):
As of the
close of business on December 31, 2020, the Reporting Person may have been deemed to have beneficial ownership of 2,000,001 shares
of Common Stock issuable upon conversion of a convertible note held by GLEA (the “GLEA Note”), and all such
shares of Common Stock in the aggregate represented beneficial ownership of approximately 8.4% of the Common Stock, based on (1)
21,754,223 shares of Common Stock outstanding as of December 24, 2020 as reported
by the Issuer, plus (2) 2,000,001 shares of Common Stock issuable upon conversion of the GLEA Note.
(c)
Number
of shares as to which each Reporting Person has:
(1)
Sole power to vote or to direct the vote: 2,000,001 .
(2)
Shared power to vote or to direct the vote: 0 .
(3)
Sole power to dispose or to direct the disposition of 2,000,001 .
(4)
Shared power to dispose or to direct the disposition of 0 .
Item 5. Ownership of Five Percent or Less of a Class
Not
applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not
applicable.
Item
7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
The
information set forth in Item 2 is hereby incorporated herein by reference.
Item
8. Identification and Classification of Members of the Group
Not
applicable.
Item 9. Notice of Dissolution of Group
Not
applicable.
Item 10. Certification
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held
in the ordinary course of business and 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.
Date: February 16, 2021
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UBS O’Connor LLC
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By:
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/s/ Charles Mathys
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Name:
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Charles Mathys
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Title:
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Chief Compliance Officer
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By:
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/s/ Christopher Smock
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Name:
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Christopher Smock
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Title:
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Senior Compliance Officer
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