Sec Form 13G Filing - VIKING GLOBAL INVESTORS LP filing for STANDARD BIOTOOLS INC. (LAB) - 2024-01-09

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-
1(b),(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934*

(Amendment No. )

Standard BioTools Inc.
(Name of Issuer)

Common stock, $0.001 par value per share
(Title of Class of Securities)

34385P108
(CUSIP Number)

January 5, 2024
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:


Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

* 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 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. 34385P108
13G
Page 2 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Investors LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
29,106,365*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
29,106,365*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,106,365*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.5%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 3 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Parent GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
29,106,365*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
29,106,365*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,106,365*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.5%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 4 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
19,501,727*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
19,501,727*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,501,727*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.4%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 5 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Portfolio GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
19,501,727*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
19,501,727*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,501,727*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.4%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 6 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Illiquid Investments Sub-Master LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
19,501,727*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
19,501,727*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
19,501,727*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
6.4%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 7 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Drawdown GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
9,604,638*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
9,604,638*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
9,604,638*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.1%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 8 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Drawdown Portfolio GP LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
9,604,638*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
9,604,638*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
9,604,638*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.1%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 9 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Viking Global Opportunities Drawdown (Aggregator) LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
9,604,638*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
9,604,638*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
9,604,638*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.1%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 10 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
O. Andreas Halvorsen
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Norway
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
29,106,365*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
29,106,365*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,106,365*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.5%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 11 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
David C. Ott
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
29,106,365*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
29,106,365*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,106,365*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.5%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 12 of 23 Pages
1
NAMES OF REPORTING PERSONS
 
 
Rose S. Shabet
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
29,106,365*
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
29,106,365*
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,106,365*
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
9.5%*
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 

*
See Item 4


CUSIP No. 34385P108
13G
Page 13 of 23 Pages
Explanatory Note: Following the consummation of the Issuer’s acquisition of SomaLogic, Inc., a Delaware corporation (“SomaLogic”), on January 5, 2024 (the “Closing”), the Reporting Persons have determined that they no longer hold any shares of Common Stock (as defined herein) for the purpose of or with the effect of changing or influencing the control of the Issuer.  Accordingly, the Reporting Persons are filing this statement on Schedule 13G pursuant to Rule 13d-1(h) under the Act, to amend the statement on Schedule 13D filed with the U.S. Securities and Exchange Commission (the “Commission”) by the Reporting Persons on October 16, 2023, as amended on November 22, 2023 (collectively, the “Schedule 13D”). The Schedule 13D was filed pursuant to Rule 13d-1(e) under the Act, and amended the statement on Schedule 13G previously filed by the Reporting Persons, most recently amended on February 14, 2023.

Item 1(a).
Name of Issuer:

Standard BioTools Inc.

Item 1(b).
Address of Issuer’s Principal Executive Offices:

2 Tower Place, Suite 2000, South San Francisco, CA 94080

Item 2(a).
Name of Person Filing:

Viking Global Investors LP (“VGI”),
Viking Global Opportunities Parent GP LLC (“Opportunities Parent”),
Viking Global Opportunities GP LLC (“Opportunities GP”),
Viking Global Opportunities Portfolio GP LLC (“Opportunities Portfolio GP”),
Viking Global Opportunities Illiquid Investments Sub-Master LP (“VGOP”),
Viking Global Opportunities Drawdown GP LLC (“VGOD GP”),
Viking Global Opportunities Drawdown Portfolio GP LLC (“VGOD Portfolio GP”),
Viking Global Opportunities Drawdown (Aggregator) LP (“VGOD”),
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet (collectively, the “Reporting Persons”).

Item 2(b).
Address of Principal Business Office or, if none, Residence:

The business address of each of the Reporting Persons is: 600 Washington Boulevard, Floor 11, Stamford, Connecticut 06901.

Item 2(c).
Citizenship:

VGI is a Delaware limited partnership; Opportunities Parent, Opportunities GP, Opportunities Portfolio GP, VGOD GP, and VGOD Portfolio GP are Delaware limited liability companies; VGOP and VGOD are Cayman Islands exempted limited partnerships; O. Andreas Halvorsen is a citizen of Norway; and David C. Ott and Rose S. Shabet are citizens of the United States.

Item 2(d).
Titles of Classes of Securities:

Common stock, $0.001 par value per share (“Common Stock”)

Item 2(e).
CUSIP NUMBER: 34385P108

Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

CUSIP No. 34385P108
13G
Page 14 of 23 Pages

 (a)
☐ Broker or dealer registered under Section 15 of the Exchange Act

 (b)
☐ Bank as defined in Section 3(a)(6) of the Exchange Act

 (c)
☐ Insurance company as defined in Section 3(a)(19) of the Exchange Act

 (d)
☐ Investment company registered under Section 8 of the Investment Company Act of 1940

 (e)
☐ Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E)

 (f)
☐ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)

 (g)
☐ Parent holding company, in accordance with Rule 13d-1(b)(1)(ii)(G).

 (h)
☐ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act.

 (i)
☐ Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.

 (j)
☐ Non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k)
☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.
Ownership:

This Statement on Schedule 13G relates to shares of Common Stock held directly by VGOP and VGOD and shares of Common Stock that the Reporting Persons have the right to acquire upon conversion of shares of Series B-2 Preferred Stock (“Series B-2 Preferred Stock”) held directly by VGOP and VGOD. VGOP owns 8,164,670 shares of Common Stock and 85,612 shares of Series B-2 Preferred Stock, and VGOD owns 4,021,404 shares of Common Stock and 42,167 shares of Series B-2 Preferred Stock. The Series B-2 Preferred Stock has an initial conversion rate of 294.1176 shares of Common Stock per share of Series B-2 Preferred Stock. However, the Certificate of Designation for the Series B-2 Preferred Stock provides that none of VGOP, VGOD, nor their affiliates shall be entitled to convert shares of Series B-2 Preferred Stock unless such conversion would not result in VGOP and VGOD, together with their affiliates, beneficially owning more than 9.5% of the total number of shares of Common Stock outstanding (the “Blocker”). Accordingly, the amount of shares of Common Stock reported as beneficially owned by the Reporting Persons set forth herein excludes shares of Common Stock that the Reporting Persons do not currently have the right to acquire upon conversion of the Series B-2 Preferred Stock held directly by VGOP and VGOD due to the Blocker (and applies the Blocker pro rata across VGOP and VGOD). Without giving effect to the 9.5% Blocker, the Series B-2 Preferred Stock held by VGOP would be convertible into 25,179,995 shares of Common Stock and the Series B-2 Preferred Stock held by VGOD would be convertible into 12,402,056 shares of Common Stock, for an aggregate of 37,582,051 shares of Common Stock.

The percentages set forth herein are calculated based on the sum of: (i) 80,030,193 shares of Common Stock outstanding as of November 29, 2023, as reported in the Issuer’s current report on Form 8-K filed with the Commission on January 5, 2024; (ii) 209,433,837 shares of Common Stock expected to be issued upon the Closing, based on an exchange ratio of 1.11-to-1 as applied to the 188,679,133 shares of common stock of SomaLogic, par value $0.0001 per share, outstanding as of November 29, 2023, as reported in SomaLogic’s proxy statement on Schedule 14A filed with the Commission on December 1, 2023; and (iii) 16,920,291 shares of Common Stock that the Reporting Persons currently have the right to acquire upon conversion of shares of Series B Preferred Stock, subject to the Blocker.


CUSIP No. 34385P108
13G
Page 15 of 23 Pages
 
A.
VGI

 
(a)
Amount beneficially owned: 29,106,365

 
(b)
Percent of Class: 9.5%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 29,106,365

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 29,106,365
VGI provides managerial services to VGOP and VGOD. VGI has the authority to dispose of and vote the shares of Common Stock that VGOP and VGOD directly own and have the right to acquire upon conversion of the Series B-2 Preferred Stock. VGI does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, VGI may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own and have the right to acquire upon conversion of the Series B-2 Preferred Stock.

VGI beneficially owns 29,106,365 shares of Common Stock consisting of (i) 8,164,670 shares of Common Stock directly owned by VGOP, (ii) 4,021,404 shares of Common Stock directly owned by VGOD, (iii) 11,337,057 shares of Common Stock beneficially owned by VGOP, which VGOP has the right to acquire upon conversion of 38,546 shares of Series B-2 Preferred Stock, and (iv) 5,583,234 shares of Common Stock beneficially owned by VGOD, which VGOD has the right to acquire upon conversion of 18,983 shares of Series B-2 Preferred Stock, each of (iii) and (iv) subject to the Blocker.

 
B.
Opportunities Parent

 
(a)
Amount beneficially owned: 29,106,365

 
(b)
Percent of Class: 9.5%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 29,106,365

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 29,106,365


CUSIP No. 34385P108
13G
Page 16 of 23 Pages
Opportunities Parent is the sole member of Opportunities GP, which has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP (which consists of the shares of Common Stock that VGOP directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock) and is the sole member of VGOD GP, which has the authority to dispose of and vote the shares of Common Stock controlled by VGOD Portfolio GP (which consists of the shares of Common Stock that VGOD directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock). Opportunities Parent does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, Opportunities Parent may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own and have the right to acquire upon conversion of the Series B-2 Preferred Stock.

Opportunities Parent beneficially owns 29,106,365 shares of Common Stock consisting of (i) 8,164,670 shares of Common Stock directly owned by VGOP, (ii) 4,021,404 shares of Common Stock directly owned by VGOD, (iii) 11,337,057 shares of Common Stock beneficially owned by VGOP, which VGOP has the right to acquire upon conversion of 38,546 shares of Series B-2 Preferred Stock, and (iv) 5,583,234 shares of Common Stock beneficially owned by VGOD, which VGOD has the right to acquire upon conversion of 18,983 shares of Series B-2 Preferred Stock, each of (iii) and (iv) subject to the Blocker.

 
C.
Opportunities GP

 
(a)
Amount beneficially owned: 19,501,727

 
(b)
Percent of Class: 6.4%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 19,501,727

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 19,501,727

Opportunities GP serves as the sole member of Opportunities Portfolio GP and has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP, which consists of the shares of Common Stock that VGOP directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock. In addition, Opportunities GP is the general partner of each of Viking Global Opportunities Intermediate LP, Viking Global Opportunities III LP, and Viking Global Opportunities LP. Opportunities GP does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, Opportunities GP may be deemed to beneficially own the shares of Common Stock that VGOP directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock.

CUSIP No. 34385P108
13G
Page 17 of 23 Pages
Opportunities GP beneficially owns 19,501,727 shares of Common Stock consisting of (i) 8,164,670 shares of Common Stock directly owned by VGOP, and (ii) 11,337,057 shares of Common Stock beneficially owned by VGOP, which VGOP has the right to acquire upon conversion of 38,546 shares of Series B-2 Preferred Stock, subject to the Blocker.

 
D.
Opportunities Portfolio GP

 
(a)
Amount beneficially owned: 19,501,727

 
(b)
Percent of Class: 6.4%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 19,501,727

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 19,501,727

Opportunities Portfolio GP serves as the general partner of VGOP and has the authority to dispose of and vote the shares of Common Stock that VGOP directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock. Opportunities Portfolio GP does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, Opportunities Portfolio GP may be deemed to beneficially own the shares of Common Stock that VGOP directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock.

Opportunities Portfolio GP beneficially owns 19,501,727 shares of Common Stock consisting of (i) 8,164,670 shares of Common Stock directly owned by VGOP, and (ii) 11,337,057 shares of Common Stock beneficially owned by VGOP, which VGOP has the right to acquire upon conversion of 38,546 shares of Series B-2 Preferred Stock, subject to the Blocker.

 
E.
VGOP

 
(a)
Amount beneficially owned: 19,501,727

 
(b)
Percent of Class: 6.4%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 19,501,727

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 19,501,727


CUSIP No. 34385P108
13G
Page 18 of 23 Pages
VGOP has the authority to dispose of and vote the shares of Common Stock that it directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock directly owned by it, which power may be exercised by its general partner, Opportunities Portfolio GP, and by VGI, an affiliate of Opportunities Portfolio GP, which provides managerial services to VGOP.

Viking Global Opportunities LP (a Delaware limited partnership) and Viking Global Opportunities III LP (a Cayman Islands exempted limited partnership), through its investment in Viking Global Opportunities Intermediate LP (a Cayman Islands exempted limited partnership), invest substantially all of their assets in Viking Global Opportunities Master LP (a Cayman Islands exempted limited partnership), which in turn invests through VGOP.

 
F.
VGOD GP

 
(a)
Amount beneficially owned: 9,604,638

 
(b)
Percent of Class: 3.1%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 9,604,638

 
(iii)
Sole power to dispose or to direct the disposition of: 0
 
 
(iv)
Shared power to dispose or to direct the disposition of: 9,604,638

VGOD GP serves as the sole member of VGOD Portfolio GP and has the authority to dispose of and vote the shares of Common Stock controlled by VGOD Portfolio GP, which consists of the shares of Common Stock that VGOD directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock. In addition, VGOD GP is the general partner of each of Viking Global Opportunities (Internal) LP, Viking Global Opportunities Drawdown (Onshore) LP, and Viking Global Opportunities Drawdown (Offshore) LP. VGOD GP does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, VGOD GP may be deemed to beneficially own the shares of Common Stock that VGOD directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock.

VGOD GP beneficially owns 9,604,638 shares of Common Stock consisting of (i) 4,021,404 shares of Common Stock directly owned by VGOD, and (ii) 5,583,234 shares of Common Stock beneficially owned by VGOD, which VGOD has the right to acquire upon conversion of 18,983 shares of Series B-2 Preferred Stock, subject to the Blocker.

 
G.
VGOD Portfolio GP

 
(a)
Amount beneficially owned: 9,604,638

 
(b)
Percent of Class: 3.1%

 
(c)
Number of shares as to which such person has:


CUSIP No. 34385P108
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Page 19 of 23 Pages
 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 9,604,638

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 9,604,638

VGOD Portfolio GP serves as the general partner of VGOD and has the authority to dispose of and vote the shares of Common Stock that VGOD directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock. VGOD Portfolio GP does not directly own any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, VGOD Portfolio GP may be deemed to beneficially own the shares of Common Stock that VGOD directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock.

VGOD Portfolio GP beneficially owns 9,604,638 shares of Common Stock consisting of (i) 4,021,404 shares of Common Stock directly owned by VGOD, and (ii) 5,583,234 shares of Common Stock beneficially owned by VGOD, which VGOD has the right to acquire upon conversion of 18,983 shares of Series B-2 Preferred Stock, subject to the Blocker.

 
H.
VGOD

 
(a)
Amount beneficially owned: 9,604,638

 
(b)
Percent of Class: 3.1%

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 9,604,638

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 9,604,638

VGOD has the authority to dispose of and vote the shares of Common Stock that it directly owns and has the right to acquire upon conversion of the Series B-2 Preferred Stock directly owned by it, which power may be exercised by its general partner, VGOD Portfolio GP, and by VGI, an affiliate of VGOD Portfolio GP, which provides managerial services to VGOD.

Viking Global Opportunities Drawdown (Offshore) LP (a Cayman Islands exempted limited partnership) and Viking Global Opportunities Drawdown (Internal) LP (a Delaware limited partnership), through its investment in Viking Global Opportunities Drawdown (Onshore) LP (a Delaware limited partnership), invest substantially all of their assets in VGOD.

   
I.
O. Andreas Halvorsen, David C. Ott and Rose S. Shabet

 
(a)
Amount beneficially owned: 29,106,365

 
(b)
Percent of Class: 9.5%


CUSIP No. 34385P108
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Page 20 of 23 Pages
 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: 0

 
(ii)
Shared power to vote or to direct the vote: 29,106,365

 
(iii)
Sole power to dispose or to direct the disposition of: 0

 
(iv)
Shared power to dispose or to direct the disposition of: 29,106,365

Mr. Halvorsen, Mr. Ott and Ms. Shabet, as Executive Committee Members of Viking Global Partners LLC (general partner of VGI) and Opportunities Parent, have shared authority to dispose of and vote the shares of Common Stock beneficially owned by VGI and Opportunities Parent. None of Mr. Halvorsen, Mr. Ott and Ms. Shabet directly owns any shares of Common Stock or Series B-2 Preferred Stock.

Based on Rule 13d-3 of the Act, each may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own and have the right to acquire upon conversion of the Series B-2 Preferred Stock.

Mr. Halvorsen, Mr. Ott and Ms. Shabet each beneficially own 29,106,365 shares of Common Stock consisting of (i) 8,164,670 shares of Common Stock directly owned by VGOP, (ii) 4,021,404 shares of Common Stock directly owned by VGOD, ( iii) 11,337,057 shares of Common Stock beneficially owned by VGOP, which VGOP has the right to acquire upon conversion of 38,546 shares of Series B-2 Preferred Stock, and (iv) 5,583,234 shares of Common Stock beneficially owned by VGOD, which VGOD has the right to acquire upon conversion of 18,983 shares of Series B-2 Preferred Stock, each of (iii) and (iv) subject to the Blocker.

Item 5.
Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

The response to Item 4 is incorporated by reference herein.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.
Identification and Classification of Members of the Group.

Not applicable.

Item 9.
Notice of Dissolution of Group.

Not applicable.


CUSIP No. 34385P108
13G
Page 21 of 23 Pages
Item 10.
Certification. (if filing pursuant to Rule 13d-1(c))

By signing below each Reporting Person certifies that, to the best of its 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 not held in connection with or as a participant in any transaction having that purpose or effect.


CUSIP No. 34385P108
13G
Page 22 of 23 Pages
SIGNATURES

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

Dated: January 9, 2024

 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
   
 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of David C. Ott (2)
   
 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of Rose S. Shabet (3)

(1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).

(2) Scott M. Hendler is signing on behalf of David C. Ott, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).

(3) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).


CUSIP No. 34385P108
13G
Page 23 of 23 Pages
EXHIBIT A - JOINT FILING AGREEMENT

This joint filing agreement is made and entered into as of this 9th day of January, 2024, by and among Viking Global Investors LP, Viking Global Opportunities Parent GP LLC, Viking Global Opportunities GP LLC, Viking Global Opportunities Portfolio GP LLC, Viking Global Opportunities Illiquid Investments Sub-Master LP, Viking Global Opportunities Drawdown GP LLC, Viking Global Opportunities Drawdown Portfolio GP LLC, Viking Global Opportunities Drawdown (Aggregator) LP, O. Andreas Halvorsen, David C. Ott and Rose S. Shabet.

The parties to this Agreement hereby agree to prepare jointly and file timely (and otherwise to deliver as appropriate) all filings on any Forms 3, 4, or 5 or Schedules 13D or 13G, and any and all amendments thereto and any other documents relating thereto (collectively, the “Filings”) as required to be filed pursuant to the Securities Exchange Act of 1934, as amended. The parties to this Agreement further agree and covenant that each will fully cooperate with such other parties in the preparation, timely filing, and delivery of all such Filings.

IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the date first set forth above.

Dated: January 9, 2024

 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
   
 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of David C. Ott (2)
   
 
By:
/s/ Scott M. Hendler
 
Name:
Scott M. Hendler on behalf of Rose S. Shabet (3)

(1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).

(2) Scott M. Hendler is signing on behalf of David C. Ott, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).

(3) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).