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.
- Peter Lynch
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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. __)*
| ADVAXIS, INC. |
| (Name of Issuer) |
| COMMON STOCK, $0.001 PAR VALUE |
| (Title of Class of Securities) |
| 007624307 |
| (CUSIP Number) |
| August 3, 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:
| ¨ | Rule 13d-1(b) | |
| þ | Rule 13d-1(c) | |
| ¨ | Rule 13d-1(d) | |
| (Page 1 of 13 Pages) | ||
* 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 on 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).
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 2 of 13 |
| 1 | NAMES OF REPORTING PERSONS Lincoln Park Capital Fund, LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Illinois |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 4,594,793 | |
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 4,594,793 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% |
| 12 | TYPE OF REPORTING PERSON OO |
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 3 of 13 |
| 1 | NAMES OF REPORTING PERSONS Lincoln Park Capital, LLC |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Illinois |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 4,594,793 | |
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 4,594,793 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% |
| 12 | TYPE OF REPORTING PERSON OO |
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 4 of 13 |
| 1 | NAMES OF REPORTING PERSONS Rockledge Capital Corporation |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Texas |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 4,594,793 | |
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 4,594,793 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 |
| CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% |
| 12 | TYPE OF REPORTING PERSON CO |
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 5 of 13 | ||
| 1 | NAMES OF REPORTING PERSONS Joshua B. Scheinfeld | ||
| 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 4,594,793 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 4,594,793 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% | ||
| 12 | TYPE OF REPORTING PERSON IN | ||
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 6 of 13 | ||
| 1 | NAMES OF REPORTING PERSONS Alex Noah Investors, Inc. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ | ||
| 3 | SEC USE ONLY | ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Illinois | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER 0 | |
| 6 | SHARED VOTING POWER 4,594,793 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 4,594,793 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% | ||
| 12 | TYPE OF REPORTING PERSON CO | ||
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 7 of 13 | ||
| 1 | NAMES OF REPORTING PERSONS Jonathan I. Cope | ||
| 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 4,594,793 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 4,594,793 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,594,793 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% | ||
| 12 | TYPE OF REPORTING PERSON IN | ||
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 8 of 13 | |||
| Item 1. | ||||
| (a) | Name of Issuer: | |||
| Advaxis, Inc., a Delaware corporation (“Issuer”) | ||||
| (b) | Address of Issuer’s Principal Executive Offices: | |||
| 305 College Road East | ||||
| Princeton, NJ 08540 | ||||
| Item 2. | ||||
| (a) | Name of Person Filing: | |||
| Lincoln Park Capital Fund, LLC (“LPC Fund”) | ||||
| Lincoln Park Capital, LLC (“LPC”) | ||||
| Rockledge Capital Corporation (“RCC”) | ||||
| Joshua B. Scheinfeld (“Mr. Scheinfeld”) | ||||
| Alex Noah Investors, Inc. (“Alex Noah”) | ||||
| Jonathan I. Cope (“Mr. Cope” and, collectively with LPC Fund, LPC, RCC, Mr. Scheinfeld and Alex Noah, the “Reporting Persons”) | ||||
| (b) | Address of Principal Business Office, or if None, Residence: | |||
| The address of the principal business office of each of the Reporting Persons is: | ||||
| 440 North Wells, Suite 410 | ||||
| Chicago, Illinois 60654 | ||||
| (c) | Citizenship: | |||
| LPC Fund is an Illinois limited liability company | ||||
| LPC is an Illinois limited liability company | ||||
| RCC is a Texas corporation | ||||
| Mr. Scheinfeld is a United States citizen | ||||
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 9 of 13 | ||
| Alex Noah is an Illinois corporation | |||
|
Mr. Cope is a United States citizen
| |||
| (d) |
Title of Class of Securities:
| ||
|
Common Stock, $0. 001 par value (“Common Stock”)
| |||
| (e) |
CUSIP Number:
| ||
|
007624307
| |||
| 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) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (k) | ¨ |
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 | |||
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 10 of 13 |
| Item 4. | Ownership. |
| Reporting person | Amount beneficially owned: | Percent of class1: | Sole power to vote or direct the vote: | Shared power to vote or to direct the vote2: | Sole power to dispose or to direct the disposition of: | Shared power to dispose or to direct the disposition of2: | |||||||||||||
| Lincoln Park Capital Fund, LLC | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| Lincoln Park Capital, LLC | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| Rockledge Capital Corporation | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| Joshua B. Scheinfeld | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| Alex Noah Investors, Inc. | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| Jonathan I. Cope | 4,594,793 | 6.94 | % | 0 | 4,594,793 | 0 | 4,594,793 | ||||||||||||
| 1 | Based on the information provided by the Issuer to LPC Fund, there was a total of 66,226,372 shares of Common Stock outstanding as of August 3, 2020, which includes the 4,594,793 shares of Common Stock issued to LPC Fund on August 3, 2020. | |
| 2 | Represents the total number of shares of Common Stock beneficially owned by the Reporting Persons as of the date of this statement (as calculated pursuant to Section 13(d) of the Act and Rule 13d-3 promulgated thereunder), as described in Footnote 1 above. |
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 11 of 13 |
As of August 3, 2020, LPC Fund beneficially owned, directly, the following securities of the Issuer: 4,594,793 shares of Common Stock.
LPC is the Managing Member of LPC Fund. RCC and Alex Noah are the Managing Members of LPC. Mr. Scheinfeld is the president and sole shareholder of RCC, as well as a principal of LPC. Mr. Cope is the president and sole shareholder of Alex Noah, as well as a principal of LPC. As a result of the foregoing, Mr. Scheinfeld and Mr. Cope have shared voting and shared investment power over the shares of Common Stock of the Issuer held directly by LPC Fund.
Pursuant to Section 13(d) of the Act and the rules thereunder, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope may be deemed to be a beneficial owner of the shares of Common Stock of the Issuer beneficially owned directly by LPC Fund.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Pursuant to Rule 13d-4 of the Act, each of LPC, RCC, Mr. Scheinfeld, Alex Noah, and Mr. Cope disclaims beneficial ownership of the shares of Common Stock of the Issuer held directly by LPC Fund.
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 12 of 13 |
| 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 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. |
| Not applicable. | |
| Item 9. | Notice of Dissolution of Group. |
| Not applicable. | |
| 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.
SCHEDULE 13G
| CUSIP NO. 007624307 | Page 13 of 13 |
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.
Dated: August 3, 2020
| LINCOLN PARK CAPITAL FUND, LLC | LINCOLN PARK CAPITAL, LLC | |||||
| BY: | LINCOLN PARK CAPITAL, LLC | BY: | ROCKLEDGE CAPITAL CORPORATION | |||
| BY: | ROCKLEDGE CAPITAL CORPORATION | |||||
| By: | /s/ Joshua B. Scheinfeld | By: | /s/ Joshua B. Scheinfeld | |||
| Name: | Joshua B. Scheinfeld | Name: | Joshua B. Scheinfeld | |||
| Title: | President | Title: | President | |||
| LINCOLN PARK CAPITAL FUND, LLC | LINCOLN PARK CAPITAL, LLC | |||||
| BY: | LINCOLN PARK CAPITAL, LLC | BY: | ALEX NOAH INVESTORS, INC. | |||
| BY: | ALEX NOAH INVESTORS, INC. | |||||
| By: | /s/ Jonathan I. Cope | By: | /s/ Jonathan I. Cope | |||
| Name: | Jonathan I. Cope | Name: | Jonathan I. Cope | |||
| Title: | President | Title: | President | |||
| ROCKLEDGE CAPITAL CORPORATION | ALEX NOAH INVESTORS, INC. | |||||
| By: | /s/ Joshua B. Scheinfeld | By: | /s/ Jonathan I. Cope | |||
| Name: | Joshua B. Scheinfeld | Name: | Jonathan I. Cope | |||
| Title: | President | Title: | President | |||
| JOSHUA B. SCHEINFELD | JONATHAN I. COPE | |||||
| By: | /s/ Joshua B. Scheinfeld | By: | /s/ Jonathan I. Cope | |||
| Name: | Joshua B. Scheinfeld | Name: | Jonathan I. Cope | |||
| Title: | Title: | President | ||||
LIST OF EXHIBITS
| Exhibit No. | Description |
| 1 | Joint Filing Agreement |