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, DC 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. )
ARYA Sciences Acquisition Corp III
(Name of Issuer)
Class A ordinary shares, $0.0001
par value per share
(Title of Class of Securities)
G3166W106
(CUSIP Number)
August 11, 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)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting persons 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. G3166W106 | 13G | Page 2 of 7 Pages |
1 |
Names of Reporting Persons
Bain Capital Life Sciences Fund II, L.P. | |||||
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 Class A ordinary shares | ||||
6 | Shared Voting Power
891,429 Class A ordinary shares | |||||
7 | Sole Dispositive Power
0 Class A ordinary shares | |||||
8 | Shared Dispositive Power
891,429 Class A ordinary shares |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
891,429 Class A ordinary shares | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
5.8% | |||||
12 | Type of Reporting Person
PN |
CUSIP No. G3166W106 | 13G | Page 3 of 7 Pages |
1 |
Names of Reporting Persons
BCIP Life Sciences Associates, 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 Class A ordinary shares | ||||
6 | Shared Voting Power
108,571 Class A ordinary shares | |||||
7 | Sole Dispositive Power
0 Class A ordinary shares | |||||
8 | Shared Dispositive Power
108,571 Class A ordinary shares |
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
108,571 Class A ordinary shares | |||||
10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
11 | Percent of Class Represented by Amount in Row 9
0.7% | |||||
12 | Type of Reporting Person
PN |
Item 1(a) | Name of Issuer |
The name of the issuer to which this filing on Schedule 13G relates is ARYA Sciences Acquisition Corp III (the Issuer).
Item 1(b) | Address of Issuers Principal Executive Offices |
The principal executive offices of the Issuer are located at 51 Astor Place, 10th Floor, New York, New York 10003.
Item 2(a) | Name of Person Filing |
This Schedule 13G is being filed jointly by Bain Capital Life Sciences Fund II, L.P., a Cayman exempted limited partnership (BCLS II), and BCIP Life Sciences Associates, LP, a Delaware limited partnership (BCIPLS and, together with BCLS II, the Reporting Persons).
Bain Capital Life Sciences Investors, LLC, a Delaware limited liability company (BCLSI), whose managers are Jeffrey Schwartz and Adam Koppel, is the manager of Bain Capital Life Sciences Investors II, LLC, a Cayman limited liability company (BCLSI II), which is the general partner of BCLS II.
Boylston Coinvestors, LLC, a Delaware limited liability company (Boylston), is the general partner of BCIPLS. BCLSI governs the investment strategy and decision-making process with respect to investments held by BCIPLS.
As a result, each of BCLSI, Mr. Schwartz and Dr. Koppel may be deemed to share voting and dispositive power with respect to the securities held by the Reporting Persons.
The Reporting Persons have entered into a Joint Filing Agreement, dated August 13, 2020, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) promulgated under the Act.
Item 2(b) | Address of Principal Business Office or, if None, Residence |
The principal business address of each of the Reporting Persons, BCLSI, BCLSI II, Boylston, Mr. Schwartz and Dr. Koppel is 200 Clarendon Street, Boston, Massachusetts 02116.
Item 2(c) | Citizenship |
BCLS II and BCLSI II are each organized under the laws of the Cayman Islands. BCIPLS, BCLSI and Boylston are each organized under the laws of the State of Delaware. Mr. Schwartz and Dr. Koppel are citizens of the United States.
Item 2(d) | Title of Class of Securities |
The class of securities of the Issuer to which this Schedule 13G relates is Class A ordinary shares, $0.0001 par value per share (Class A ordinary shares).
Item 2(e) | CUSIP Number |
The CUSIP number of the Class A ordinary shares is G3166W106.
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 association 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 (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:
Item 4 | Ownership |
(a) Amount beneficially owned:
As of the date hereof, BCLS II holds 891,429 Class A ordinary shares, representing approximately 5.8% of the Issuers outstanding Class A ordinary shares, and BCIPLS holds 108,571 Class A ordinary shares, representing approximately 0.7% of the Issuers outstanding Class A ordinary shares.
As a result of the foregoing and the relationships described in Item 2(a), the Reporting Persons may be deemed to collectively beneficially own an aggregate of 1,000,000 Class A ordinary shares, representing approximately 6.5% of the Issuers outstanding Class A ordinary shares.
The percentage of the Issuers outstanding Class A ordinary shares held by the Reporting Persons is based on 15,449,000 Class A ordinary shares issued and outstanding immediately following the closing of the Issuers initial public offering and concurrent private placement on August 11, 2020, after giving effect to the exercise in full of the underwriters over-allotment option, as reported by the Issuer in its Prospectus filed with the Securities and Exchange Commission (the SEC) pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, on August 10, 2020 and its Current Report on Form 8-K filed with the SEC on August 12, 2020.
(b) Percent of class:
See Item 4(a) hereof.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0 Class A ordinary shares
(ii) Shared power to vote or to direct the vote:
BCLS II 891,429 Class A ordinary shares
BCIPLS 108,571 Class A ordinary shares
(iii) Sole power to dispose or to direct the disposition of:
0 Class A ordinary shares
(iv) Shared power to dispose or to direct the disposition of:
BCLS II 891,429 Class A ordinary shares
BCIPLS 108,571 Class A ordinary shares
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 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, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information in this statement is true, complete and correct.
Dated: August 13, 2020 | Bain Capital Life Sciences Fund II, L.P. | |||||||
By: | Bain Capital Life Sciences Investors II, LLC | |||||||
its general partner | ||||||||
By: | Bain Capital Life Sciences Investors, LLC | |||||||
its manager | ||||||||
By: | /s/ Jeffrey Schwartz | |||||||
Name: | Jeffrey Schwartz | |||||||
Title: | Managing Director | |||||||
BCIP Life Sciences Associates, LP | ||||||||
By: | Boylston Coinvestors, LLC | |||||||
its general partner | ||||||||
By: | /s/ Jeffrey Schwartz | |||||||
Name: | Jeffrey Schwartz | |||||||
Title: | Authorized Signatory |