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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Akari Therapeutics, Plc (Name of Issuer) |
Ordinary Shares, $0.0001 par value (Title of Class of Securities) |
00972G207 (CUSIP Number) |
11/14/2024 (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)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 00972G207 |
| 1 | Names of Reporting Persons
Hoyoung Huh, M.D., Ph.D. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
8,294,508,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
15.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: (1)Comprised of the Registrant's ordinary shares, nominal value $0.0001 per share ("Ordinary Shares"), represented by American Depositary Shares ("ADSs"). Each ADS represents 2,000Ordinary Shares.(2)Includes (i) 7,605,994,000 Ordinary Shares and (ii) options to purchase 469,600,000 Ordinary Shares exercisable within 60 days from the date of this report held by the Reporting Personand (iii) 218,914,000 Ordinary Shares held of record by Hannol Ventures LLC. The Reporting Person is the sole member of Hannol Ventures LLC and exercises voting and dispositive power over such 218,914,000 Ordinary Shares. In addition, the Reporting Person holds warrants to purchase 103,482,000 Ordinary Shares (the "Warrants"). All Warrants held by the Reporting Person are heldpersonally in the Reporting Person's name and subject to a 9.99% beneficial ownership limitation. The Reporting Person disclaims beneficial ownership of the Warrants and securities issuable upon exercise of the Warrants to the extent that such exercise would exceed the 9.99% beneficial ownership limitation.(3)The percentage is based on 53,186,919,523 Ordinary Shares issued and outstanding as of February 14, 2025, as per information provided to the Reporting Person by the Issuer.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Akari Therapeutics, Plc | |
| (b) | Address of issuer's principal executive offices:
22 Boston Wharf Road, 7th Floor, Boston, MA 02210 | |
| Item 2. | ||
| (a) | Name of person filing:
Hoyoung Huh, M.D., Ph.D. | |
| (b) | Address or principal business office or, if none, residence:
c/o Akari Therapeutics Plc22 Boston Wharf Road, 7th FloorBoston, MA 02210 | |
| (c) | Citizenship:
U.S. | |
| (d) | Title of class of securities:
Ordinary Shares, $0.0001 par value | |
| (e) | CUSIP No.:
00972G207 | |
| 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: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | 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) | 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) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 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).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
8,294,508,000 | |
| (b) | Percent of class:
15.5 %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
8,294,508,000 | ||
| (ii) Shared power to vote or to direct the vote:
0 | ||
| (iii) Sole power to dispose or to direct the disposition of:
8,294,508,000 | ||
| (iv) Shared power to dispose or to direct the disposition of:
0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my 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 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.
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