Sec Form 13G Filing - Spindletop Healthcare Capital L.P. @ BIOVENTUS INC

Sec Form 13G Filing - Spindletop Healthcare Capital L.P. filing for BIOVENTUS INC (BVS) - 2022-02-10

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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Securities and Exchange Commission

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

Bioventus Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

09075A108

(CUSIP Number)

December 31, 2021

(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 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. 09075A108		Schedule 13G		Page 1 of 8


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CUSIP No. 09075A108		Schedule 13G		Page 5 of 8

ITEM 1.

(a) Name of Issuer:

Bioventus Inc. (the “Issuer”).

(b)

Address of Issuer’s Principal Executive Offices:

4721 Emperor Boulevard, Suite 100, Durham, North Carolina 27703

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

Spindletop Healthcare Capital, L.P.

Spindletop Capital GP, L.P.

Spindletop GP Management, LLC

Evan S. Melrose

(b)

Address or Principal Business Office:

The principal business address of each of the Reporting Persons is 3571 Far West Boulevard, PMB #108, Austin, Texas 78731.

(c)

Citizenship of each Reporting Person is:

Evan S. Melrose is a citizen of the United States. Each of the other Reporting Persons is organized under the laws of the state of Delaware.

(d)

Title of Class of Securities:

Class A Common Stock, $0.001 par value per share (“Class A Common Stock”).

(e)

CUSIP Number:

09075A108

ITEM 3.

Not applicable.


CUSIP No. 09075A108		Schedule 13G		Page 6 of 8

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2021, based upon 59,438,082 shares of Class A Common Stock outstanding as of November 9, 2021, based on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2021.


Reporting Person	Amount beneficially owned		Percent of class:			Sole power to vote or to direct the vote:		Shared power to vote or to direct the vote:		Sole power to dispose or to direct the disposition of:		Shared power to dispose or to direct the disposition of:
Spindletop Healthcare Capital, L.P.		3,906,395		6.6	%		0		3,906,395		0		3,906,395
Spindletop Capital GP, L.P.		3,906,395		6.6	%		0		3,906,395		0		3,906,395
Spindletop GP Management, LLC		3,906,395		6.6	%		0		3,906,395		0		3,906,395
Evan S. Melrose		3,906,395		6.6	%		0		3,906,395		0		3,906,395

The Class A Common Stock reported herein is held of record by Spindletop Healthcare Capital L.P. Mr. Melrose is the manager of Spindletop GP Management, LLC, which is the general partner of Spindletop Capital GP, L.P., which is the general partner of Spindletop Healthcare Capital L.P. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.

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.

Not applicable.

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

ITEM 10.

Certification.

Not applicable.


CUSIP No. 09075A108		Schedule 13G		Page 7 of 8

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 10, 2022

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Spindletop Healthcare Capital, L.P.

By:		Spindletop Capital GP, L.P., its general partner
By:		Spindletop GP Management, LLC, its general partner

By:		/s/ Evan Melrose
Name:		Evan Melrose
Title:		Manager

Spindletop Capital GP, L.P.
By:		By: Spindletop GP Management, LLC, its general partner

By:		/s/ Evan Melrose
Name:		Evan Melrose
Title:		Manager

Spindletop GP Management, LLC

By:		/s/ Evan Melrose
Name:		Evan Melrose
Title:		Manager

Evan S. Melrose

/s/ Evan Melrose


CUSIP No. 09075A108		Schedule 13G		Page 8 of 8

LIST OF EXHIBITS


Exhibit No.		Description

99		Joint Filing Agreement.

Names of Reporting Persons

Spindletop Healthcare Capital, L.P.

Check the Appropriate Box if a Member of a Group

(a) ☐ (b) ☐

SEC Use Only

Citizenship or Place of Organization

Delaware