Sec Form 13G Filing - Morningside Venture Investments Ltd @ LumiraDx Ltd

Sec Form 13G Filing - Morningside Venture Investments Ltd filing for LumiraDx Ltd (LMDWF) - 2022-02-14

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

Under the Securities Exchange Act of 1934

(Amendment No. )*

LUMIRADX LIMITED

(Name of Issuer)

Common shares, par value $0.0000028 per share

(Title of Class of Securities)

G5709L 109

(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. G5709L 109

(1)

Consists of (i) 7,600,284 common shares, par value $0.0000028 per share (“Common Shares”) of the Issuer held by Reporting Person, (ii) 788,909 Common Shares issuable upon the exercise of warrants of the Issuer held by Reporting Person, (iii) 9,528,124 Common Shares of Issuer held by MVIL, LLC, a wholly owned subsidiary of Reporting Person and (iv) 1,577,831 Common Shares issuable upon exercise of warrants of the Issuer held by MVIL, LLC.

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)	Consists of (i) 9,528,124 Common Shares of the Issuer, and (ii) 1,577,831 Common Shares issuable upon the exercise of warrants of the Issuer.

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)	Consists of (i) 9,528,124 Common Shares of the Issuer, and (ii) 1,577,831 Common Shares issuable upon the exercise of warrants of the Issuer.

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. G5709L 109

(1)	Consists of (i) 9,528,124 Common Shares of the Issuer, and (ii) 1,577,831 Common Shares issuable upon the exercise of warrants of the Issuer.

(2)	Based on 45,241,767 Common Shares outstanding, as reported in the Issuer’s Form 20-F filed with the SEC on September 29, 2021.

CUSIP No. 04683R106


Item 1.
	(a)	Name of Issuer LumiraDx Limited

	(b)	Address of Issuer’s Principal Executive Offices c/o Ocorian Trust (Cayman) Limited PO Box 1350, Windward 3, Regatta Office Park Grand Cayman KY1-1108 Cayman Islands

Item 2.
	(a)	Name of Person Filing Morningside Venture Investments Limited MVIL, LLC Frances Anne Elizabeth Richard Cheung Ka Ho Jill Marie Franklin Peter Stuart Allenby Edwards Cheng Yee Wing Betty Wong See Wai

	(b)	Address of Principal Business Office or, if none, Residence c/o THC Management Services S.A.M. 2nd Floor, Le Prince De Galles 3-5 Avenue Des Citronniers MC 98000, Monaco With copies to: Morningside Technology Advisory, LLC Attn: Stephanie O’Brien, Esq. 1188 Centre Street Newton Centre, MA 02459 Springfield Financial Advisory Limited Attn: Alice Li/Makim Ma 22nd Floor Hang Lung Centre 2-20 Paterson Street Causeway Bay, Hong Kong

	(c)	Citizenship Morningside Venture Investments Limited – British Virgin Islands MVIL, LLC – Delaware Frances Anne Elizabeth Richard – United Kingdom Cheung Ka Ho – Hong Kong Jill Marie Franklin – United Kingdom Peter Stuart Allenby Edwards – United Kingdom Cheng Yee Wing Betty – Hong Kong Wong See Wai – Hong Kong

	(d)	Title of Class of Securities Common shares, par value $0.0000028 per share (“Common Shares”)

	(e)	CUSIP Number G5709L 109

CUSIP No. 04683R106


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).

	(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

	(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

	(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

	(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

	(f)	☐	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

	(g)	☐	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

	(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(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);

	(j)	☐	Group, in accordance with §240.13d–1(b)(1)(ii)(J).

CUSIP No. 04683R106


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

	(i)	Sole power to vote or to direct the vote Morningside Venture Investments Limited – 0 shares MVIL, LLC – 0 shares Frances Anne Elizabeth Richard – 0 shares Cheung Ka Ho – 0 shares Jill Marie Franklin – 0 shares Peter Stuart Allenby Edwards – 0 shares Cheng Yee Wing Betty – 0 shares Wong See Wai – 0 shares

	(ii)	Shared power to vote or to direct the vote Morningside Venture Investments Limited – 19,495,148 shares MVIL, LLC – 11,105,955 shares Frances Anne Elizabeth Richard – 19,495,148 shares Cheung Ka Ho – 19,495,148 shares Jill Marie Franklin – 19,495,148 shares Peter Stuart Allenby Edwards – 19,495,148 shares Cheng Yee Wing Betty – 11,105,955 shares Wong See Wai – 11,105,955 shares

	(iii)	Sole power to dispose or to direct the disposition of Morningside Venture Investments Limited – 0 shares MVIL, LLC – 0 shares Frances Anne Elizabeth Richard – 0 shares Cheung Ka Ho – 0 shares Jill Marie Franklin – 0 shares Peter Stuart Allenby Edwards – 0 shares Cheng Yee Wing Betty – 0 shares Wong See Wai – 0 shares

	(iv)	Shared power to dispose or to direct the disposition of Morningside Venture Investments Limited – 19,495,148 shares MVIL, LLC – 11,105,955 shares Frances Anne Elizabeth Richard – 19,495,148 shares Cheung Ka Ho – 19,495,148 shares Jill Marie Franklin – 19,495,148 shares Peter Stuart Allenby Edwards – 19,495,148 shares Cheng Yee Wing Betty – 11,105,955 shares Wong See Wai – 11,105,955 shares

(2)

This statement is filed by: (i) Morningside Venture Investments Limited, a British Virgin Islands exempted company (“Morningside”), with respect to the Common Shares directly and beneficially owned by it; (ii) Frances Anne Elizabeth Richard, with respect to the Common Shares beneficially owned by her as a result of her position as a director with Morningside; (iii) Cheung Ka Ho, with respect to the Common Shares beneficially owned by him as a result of his position as a director with Morningside; (iv) Jill Marie Franklin, with respect to the Common Shares beneficially owned by her as a result of her position as a director of Morningside; (v) Peter Stuart Allenby Edwards, with respect to the Common Shares beneficially owned by him as a result of his position as a director with Morningside; (vi) MVIL, LLC, a Delaware limited liability company (“MVIL”), with respect to the Common Shares directly and beneficially owned by it; (vii) Cheng Yee Wing Betty, with respect to the Common Shares beneficially owned by her as a result of her position as a manager with MVIL; and (viii) Wong See Wai, with respect to the Common Shares beneficially owned by him as a result of his position as a manager with MVIL. Each of the foregoing is

CUSIP No. 04683R106

referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Frances Anne Elizabeth Richard, Jill Marie Franklin, Peter Stuart Allenby Edwards, and Cheung Ka Ho are the directors of Morningside and share voting and dispositive power with respect to the securities held by Morningside, including by MVIL, its wholly owned subsidiary. Ms. Richard, Ms. Franklin, Mr. Edwards and Mr. Cheung each disclaim beneficial ownership of the securities held by Morningside and MVIL. Cheng Yee Wing Betty and Wong See Wai are the managers of MVIL and share voting and dispositive power with respect to the securities held by MVIL. Ms. Cheng and Mr. Wong each disclaim ownership of the securities owned by MVIL. Morningside is ultimately wholly beneficially owned by a trust over which Adriel Wenbwo Chan and Wong Yuk Lan share authority to remove the trustee.

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 person has 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

Not applicable.

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.

Item 8.

Identification and Classification of Members of the Group

See attached for identification of Members of the Group.

Item 9.

Notice of Dissolution of Group

Not applicable.

Item 10.

Certification

Not applicable.

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. We also hereby agree to file this statement jointly pursuant to the Agreement listed on Exhibit 99.1 hereto.


Dated: February 14, 2022

For and on behalf of

MORNINGSIDE VENTURE INVESTMENTS LIMITED

By:		/s/ Frances Anne Elizabeth Richard
		Frances Anne Elizabeth Richard, Director

For and on behalf of

MVIL, LLC

By:		/s/ Cheng Yee Wing Betty
		Cheng Yee Wing Betty, Manager

/s/ Frances Anne Elizabeth Richard
Frances Anne Elizabeth Richard

/s/ Jill Marie Franklin
Jill Marie Franklin

/s/ Peter Stuart Allenby Edwards
Peter Stuart Allenby Edwards

/s/ Cheung Ka Ho
Cheung Ka Ho

/s/ Cheng Yee Wing Betty
Cheng Yee Wing Betty

/s/ Wong See Wai
Wong See Wai

Exhibit:

99.1: Joint Filing Statement

Names of Reporting Persons

Morningside Venture Investments Limited

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ☒ (b) ☐

SEC Use Only

Citizenship or Place of Organization

British Virgin Islands