Sec Form 13D Filing - AINOS INC filing for AINOS INC PAR $0.01 (AIMD) - 2023-08-15

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

Ainos, Inc.

(Name of Issuer)

  

Common Stock, $0.01 par value

(Title of Class of Securities)

 

00902F 204

(CUSIP Number)

 

Chun-Hsien Tsai

Chief Executive Officer

Ainos, Inc.

14F., No. 61, Sec. 4, New Taipei Boulevard, Xinzhuang District

New Taipei City 242, Taiwan F5

886-37-581999

 

 (Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

August 11, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. 

 

*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 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).

 

 

CUSIP No.

00902F 204

 

1	NAME OF REPORTING PERSON:   Ainos Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a)  ☐ (b)  ☐
3	SEC USE ONLY:
4	SOURCE OF FUNDS (SEE INSTRUCTIONS):   OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands

  

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER:   12,281,601
		8	SHARED VOTING POWER:   12,947,011
		9	SOLE DISPOSITIVE POWER:   12,281,601
		10	SHARED DISPOSITIVE POWER:   12,947,011

  

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:   12,947,0111
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):   ☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN RO W (11):   63.80%2
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):   CO

_______________________________ 

¹ Represents beneficial ownership of 12,947,011 Common Shares, $0.01 par value (the “Common Shares”), of Ainos, Inc., a Texas corporation (the “Issuer”) consisting of the following: (i) 12,281,601 shares owned directly by Ainos Inc., a Cayman company (“Ainos KY”); and (ii) 665,410 shares pursuant to a Voting Agreement dated December 9, 2021 by and among the Issuer, Ainos Inc., Stephen T. Chen, Virginia M. Chen, Stephen T. Chen and Virginia M. Chen as trustees of the Stephen T. Chen and Virginia M. Chen Living Trust, dated April 12, 2018 (collectively the “Chen Group”), and Hung Lan Lee (the “Lee”) (the “Voting Agreement”).

² The percentage set forth in Row 13 of this Cover Page is calculated based on 20,292,624 Common Shares outstanding, as set forth in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 11, 2023 (the “Form 10-Q”), following a 15-to-1 reverse stock split effective as of August 8, 2022.

 

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Schedule 13D

 

Item 1. Security and Issuer

 

This statement relates to the shares of common stock (“Common Stock”) of Ainos, Inc., a Texas corporation (the “Issuer”), the principal executive offices of which are located at 8880 Rio San Diego Drive, Suite 800, San Diego, CA 92108.

 

Item 2. Identity and Background

 

(a-b) This Schedule is being filed by Ainos Inc., a Cayman Islands corporation (“Ainos KY”). The principal business and office address of Ainos KY is P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1 - 1205 Cayman Islands.

 

Ainos KY is controlled by Taiwan Carbon Nano Technology Corporation, a Taiwanese corporation (“TCNT” and together with the Issuer, the “Parties”). The principal business and office address of TCNT is 10F-2, No. 66, Shengyi 5th Rd., Zhubei City, Hsinchu County 30261, Taiwan (R.O.C.).

 

(c) The principal business of Ainos KY is a holding company of the Issuer’s securities. The principal business of TCNT is the development of advanced materials for industrial and medical device applications.

 

(d-e) During the last five years, the Parties, and their respective executive officers and directors, as applicable, have not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration

 

The information requested by this Item 3 is incorporated herein by reference to Item 5 hereof.

 

Item 4. Purpose of Transaction

 

The Parties acquired the Common Stock in the Issuer for investment purposes.

 

Except as disclosed herein, each of the Parties has no plans which relate to or would result in an event described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, each of the Parties may, from time to time, engage in discussions, whether initiated by the Parties or another party, concerning proposals for transactions or other arrangements that may relate to or, if consummated, result in an event described in Item 4 of Schedule 13D. Each of the Parties may review and evaluate their respective investments in the Issuer at any time, whether in light of the discussions described in the immediately preceding sentence or otherwise, which may give rise to plans or proposals that, if consummated, would result in one or more of the events described in Item 4 of Schedule 13D. Any such discussion or actions may consider various factors, including, without limitation, the Issuer’s business prospects and other developments concerning the Issuer, alternative investment opportunities, general economic conditions, financial and stock market conditions and any other facts and circumstances that may become known to the Parties regarding or related to the matters described in this Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

 

(a-b) The information requested by these paragraphs is incorporated herein by reference to the cover pages to this Amendment No. 4 to Schedule 13D.

 

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(c) Since the most recent filing of Amendment No. 3 to Schedule 13D on September 2, 2022, the following sales of Common Stock of the Issuer occurred:

 

	(i)	On April 19, 2023, Ainos KY sold a total of 1,044,481 of Common Stock including 400,000 shares at $0.75 per share and 644,481 shares at $0.70 per share under a private sale.
	(ii)	On April 19, 2023, pursuant to that certain Share Transfer Agreement and Release and Settlement Agreement, dated respectively January 27, 2023 (the “Chen Agreements”), Chen transferred 75,555 of Common Stock at $0.1875 per share to Hui Yuan, individually and as designee of Best Dynasty Investment Limited, a Hong Kong company.
	(iii)	On or about May 2, 2023, pursuant to the Chen Agreements, Chen transferred at total of 44,444 of Common Stock at $0.1875 per share including 22,222 shares to Tak Wing Oswald Chan and 22,222 shares to See Yan Nick Lock.

 

(d) No other person is known to the Parties to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

 

(e) Not applicable.

 

Item 6.  Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

 

The information set forth in Item 5 of this Schedule 13D is hereby incorporated by reference into this Item 6, as applicable.

 

Pursuant to the Voting Agreement, the Chen Group and Lee have agreed to vote all of their shares subject to the Voting Agreement as determined at the sole discretion of Ainos KY. The Chen Group and Lee each appointed the President of Ainos KY as their proxies and granted a power of attorney with full power of substitution in connection therewith. The Voting Agreement grants the Chen Group and Lee the authority to sell or transfer 25% of their respective shares in private transactions (including sales, gifts, or any other transfers) annually. The Voting Agreement may only be amended or terminated (i) by a written instrument executed by the parties subject to the Voting Agreement; (ii) when Ainos KY holds less than 10% beneficial ownership in the Common Shares of the Issuer; or (iii) when Ainos KY holds less than 10% voting interest in the Issuer.

 

Other than the foregoing agreements and arrangements, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among Ainos KY or the Parties and any other person with respect to any securities of the Issuer, including, but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

Item 7.  Material to be Filed as Exhibits

 

 EXHIBIT INDEX

 

			INCORPORATED BY REFERENCE
EXHIBIT NUMBER	DESCRIPTION	FILED WITH THIS SCHEDULE 13D	FILING DATE WITH SEC	FORM	EXH #	HYPERLINK TO FILINGS
1	Voting Agreement		09/02/2022	13D/A	1	Voting Agreement

 

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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 15, 2023	By:	/s/ Chun-Hsien Tsai
		Director and CEO of Ainos Inc., a Cayman Islands corporation

 

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SCHEDULE A

Officers and Directors of Ainos KY

 

Note 1: The address of each individual is c/o Ainos, Inc., P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1 - 1205 Cayman Islands and each individual is a citizen of Taiwan except for Mr. Yukio Sakamoto, who is a citizen of Japan.

 

Note 2:  Chun-Hsien Tsai’s beneficial ownership include 363,098 (Direct) shares and 71,657 (Indirect) shares owned by his wife, Ting Chuan Lee, a director of the Issuer.

 

Chun-Hsien Tsai is also Chairman, President and CEO of the Issuer. Chun-Jung Tsai is also a director of the Issuer.

 

Name	Principal Occupation (and name/address of employer if not one of the entities listed on this Schedule)	Principal Business Address	Interest in Issuer (in shares of Common Stock)
Hung-Szu Tung	Director	See Note 1.	None
Chun-Hsien Tsai	Director & CEO	See Note 1.	434,755 2
Chun-Jung Tsai	Director	See Note 1.	19,432
Yukio Sakamoto	Director	See Note 1.	None
Chih-Heng Lu	Director	See Note 1.	103,100

 

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SCHEDULE B

Officers and Directors of TCNT

 

Note 1: The address of each individual is c/o 10F-2, No. 66, Shengyi 5th Rd., Zhubei City, Hsinchu County 30261, Taiwan (R.O.C.) and each individual is a citizen of Taiwan.

 

Note 2:  The combined beneficial ownership of Chun-Hsien Tsai and Ting Chuan Lee totals 434,755 shares.  Chun-Hsien Tsai directly owns 363,098 shares and his wife, Ting Chuang Lee directly owns 71,657 shares.

 

Chun-Hsien Tsai is also Chairman, President and CEO of the Issuer. Chun-Jung Tsai, Ting-Chuan Lee and Chung Yi-Tsai are also directors of the Issuer.

 

Name	Principal Occupation (and name/address of employer if not one of the entities listed on this Schedule)	Principal Business Address	Interest in Issuer (in shares of Common Stock)
Ting-Chuan Lee	Director	See Note 1.	71,6572
Chung Yi-Tsai	Director	See Note 1.	7,333
Chun-Hsien Tsai	Chairman & CEO	See Note 1.	363,0982
Chun-Jung Tsai	Director	See Note 1.	19,432
Ching-Ho Tsai	Director	See Note 1.	None
A-Wen Tsai Huang	Supervisor	See Note 1.	None

  

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