Sec Form 13G Filing - SB Global Advisers Ltd filing for SEER INC (SEER) - 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

(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. 1)*

 

 

Seer, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

81578P106

(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).

 

 

 


Schedule 13G

 

CUSIP No. 81578P106    Page 1 of 13

 

  1    

  Names of Reporting Persons

 

  SB Global Advisers Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  England and Wales

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,135,383

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,135,383

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,135,383

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  9.0%

12  

  Type of Reporting Person

 

  CO


Schedule 13G

 

CUSIP No. 81578P106    Page 2 of 13

 

  1    

  Names of Reporting Persons

 

  SoftBank Vision Fund II-2 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

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,135,383

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,135,383

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,135,383

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  9.0%

12  

  Type of Reporting Person

 

  PN


Schedule 13G

 

CUSIP No. 81578P106    Page 3 of 13

 

  1    

  Names of Reporting Persons

 

  SVF II Aggregator (Jersey) 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

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,135,383

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,135,383

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,135,383

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  9.0%

12  

  Type of Reporting Person

 

  PN


Schedule 13G

 

CUSIP No. 81578P106    Page 4 of 13

 

  1    

  Names of Reporting Persons

 

  SVF II Holdings (DE) LLC

  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

   6  

  Shared Voting Power

 

  5,135,383

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,135,383

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,135,383

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  9.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)


Schedule 13G

 

CUSIP No. 81578P106    Page 5 of 13

 

  1    

  Names of Reporting Persons

 

  SVF II Oyster (DE) LLC

  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

   6  

  Shared Voting Power

 

  5,135,383

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,135,383

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,135,383

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  9.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)


Schedule 13G

 

CUSIP No. 81578P106    Page 6 of 13

 

  1    

  Names of Reporting Persons

 

  SB Investment Advisers (UK) Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  England and Wales

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  0

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  0

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  0.0%

12  

  Type of Reporting Person

 

  CO


Schedule 13G

 

CUSIP No. 81578P106    Page 7 of 13

 

  1    

  Names of Reporting Persons

 

  SVF II AIV-1 (DE) 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

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  0

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  0

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  0.0%

12  

  Type of Reporting Person

 

  PN


Schedule 13G

 

CUSIP No. 81578P106    Page 8 of 13

 

ITEM 1. (a)

Name of Issuer:

Seer, Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

3800 Bridge Parkway, Suite 102

Redwood City, California 94065

 

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:

SB Global Advisers Limited

SoftBank Vision Fund II-2 L.P.

SVF II Aggregator (Jersey) L.P.

SVF II Holdings (DE) LLC

SVF II Oyster (DE) LLC

SB Investment Advisers (UK) Limited (“SBIA UK”)

SVF II AIV-1 (DE) L.P. (“SVF”)

 

  (b)

Address or Principal Business Office:

The address for each of SB Global Advisers Limited and SBIA UK is 69 Grosvenor Stree t, London W1K 3JP, United Kingdom. The address for each of SoftBank Vision Fund II-2 L.P. and SVF II Aggregator (Jersey) L.P. is Crestbridge Limited, 47 Esplanade, St. Helier, Jersey, JE1 0BD. The address for each of the other Reporting Persons is 251 Little Falls Drive, Wilmington, DE 19808.

 

  (c)

Citizenship of each Reporting Person is:

SB Global Advisers Limited and SBIA UK are organized under the laws of England and Wales. SoftBank Vision Fund II-2 L.P. and SVF II Aggregator (Jersey) L.P. are organized under the laws of Jersey. Each of the other reporting persons are organized under the laws of the State of Delaware.

 

  (d)

Title of Class of Securities:

Class A Common stock, par value $ 0.00001 per share (“Class A Common Stock”).

 

  (e)

CUSIP Number:

81578P106


Schedule 13G

 

CUSIP No. 81578P106    Page 9 of 13

 

ITEM 3.

Not applicable.

 

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 57,022,436 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q with the Securities and Exchange Commission on November 9, 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:

 

SB Global Advisers Limited

     5,135,383        9.0     0        5,135,383        0        5,135,383  

SoftBank Vision Fund II-2, L.P.

     5,135,383        9.0     0        5,135,383        0        5,135,383  

SVF II Aggregator (Jersey) L.P.

     5,135,383        9.0     0        5,135,383        0        5,135,383  

SVF II Holdings (DE) LLC

     5,135,383        9.0     0        5,135,383        0        5,135,383  

SVF II Oyster (DE) LLC

     5,135,383        9.0     0        5,135,383        0        5,135,383  

SB Investment Advisers (UK) Limited

     0        0.0     0        0        0        0  

SVF II AIV-1 LP

     0        0.0     0        0        0        0  

SVF II Oyster (DE) LLC is the record holder of the shares of Class A Common Stock reported herein. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) L.P., which is the sole member of SVF II Holdings (DE) LLC, which is the sole member of SVF II Oyster (DE) LLC.

SB Global Advisers Limited has been appointed as manager and is exclusively responsible for making all decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.’s investments. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.

Following an internal reorganization, each of SBIA UK and SVF ceased to be the beneficial owner of any shares of Class A Common Stock.


Schedule 13G

 

CUSIP No. 81578P106    Page 10 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  ☒.

Following an internal reorganization, each of SBIA UK and SVF ceased to be the beneficial owner of any shares of Class A Common Stock.

 

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.

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.


Schedule 13G

 

CUSIP No. 81578P106    Page 11 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.

Date:    February 14, 2022

 

SB Global Advisers Limited
By:  

/s/ Spencer Collins

Name:   Spencer Collins
Title:   Director
SoftBank Vision Fund II-2 L.P.
By: SB Global Advisers Limited, its Manager
By:  

/s/ Spencer Collins

Name:   Spencer Collins
Title:   Director
SVF II Aggregator (Jersey) L.P.
By: SB Global Advisers Limited, its Manager
By:  

/s/ Spencer Collins

Name:   Spencer Collins
Title:   Director
SVF II Holdings (DE) LLC
By:  

/s/ Ian McLean

Name:   Ian McLean
Title:   Director
SVF II Oyster (DE) LLC
By:  

/s/ Ian McLean

Name:   Ian McLean
Title:   Director


Schedule 13G

 

CUSIP No. 81578P106    Page 12 of 13

 

SB Investment Advisers (UK) Limited
By:  

/s/ Spencer Collins

Name:   Spencer Collins
Title:   General Counsel
SVF II AIV-1 (DE) L.P.
By:  

/s/ Ian McLean

Name:   Ian McLean
Title:   Director


Schedule 13G

 

CUSIP No. 81578P106    Page 13 of 13

 

LIST OF EXHIBITS

 

Exhibit
No.

  

Description

99    Joint Filing Agreement.