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 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(a) and Amendments Thereto Filed
Pursuant to § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Telesis Bio Inc.
(Name of Issuer)
Common Stock, $0.0001
par value per share
(Title of Class of Securities)
192003101
(CUSIP Number)
Novalis LifeSciences LLC
170 Commerce Way, Suite 200
Portsmouth, NH 03801
603-339-0084
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 4, 2024
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
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, as amended (“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. 192003101 | 13D | Page 2 of 8 |
| 1 | Names of reporting persons
Novalis LifeSciences Investments II, L.P. | |||||
| 2 | Check the appropriate box if a member of a group (a) ☐ (b) ☒
| |||||
| 3 | SEC use only
| |||||
| 4 | Source of funds
OO | |||||
| 5 | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6 |
Citizenship or place of organization
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: |
7 | Sole voting power
0 shares of Common Stock | ||
| 8 | Shared voting power
442,959 shares of Common Stock (1) | |||
| 9 | Sole dispositive power
0 shares of Common Stock | |||
| 10 | Shared dispositive power
442,959 shares of Common Stock (1) |
| 11 | Aggregate amount beneficially owned by each reporting person
442,959 shares of Common Stock (1) | |||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares
☐ | |||||
| 13 | Percent of class represented by amount in Row (11)
19.99% (1) | |||||
| 14 | Type of reporting person
PN | |||||
| (1) | On June 5, 2023, Novalis LifeSciences Investments II, L.P. (“Novalis LifeSciences”) purchased (i) 155,000 shares of Redeemable Convertible Preferred Stock, which shares are eligible for conversion as of the date hereof into an aggregate of 408,018 shares of Common Stock at the sole discretion of Novalis LifeSciences, and (ii) Warrants to purchase an aggregate of 546,552 shares of Common Stock (in each case giving effect to the Issuers 1-for-18 reverse stock split of its Common Stock on May 9, 2024). As a result of the Beneficial Ownership Blocker, beneficial ownership of the Reporting Persons is capped at 19.99% of the outstanding Common Stock of the Issuer, representing 442,959 shares of Common Stock calculated as described herein as of the date hereof. |
The calculation of the beneficial ownership of the Reporting Persons is based on (i) 1,772,946 shares of Common Stock issued and outstanding as of August 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and (ii) an aggregate of 442,959 shares of Common Stock to be issued upon conversion or exercise of the Redeemable Convertible Preferred Stock or Warrants held by Novalis LifeSciences, which reflects the Beneficial Ownership Blocker.
| CUSIP No. 192003101 | 13D | Page 3 of 8 |
| 1 | Names of reporting persons
Novalis LifeSciences Investments II GP, LLC | |||||
| 2 | Check the appropriate box if a member of a group (a) ☐ (b) ☒
| |||||
| 3 | SEC use only
| |||||
| 4 | Source of funds
OO | |||||
| 5 | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6 |
Citizenship or place of organization
Delaware | |||||
| Number of shares beneficially owned by each reporting person with: |
7 | Sole voting power
0 shares of Common Stock | ||
| 8 | Shared voting power
442,959 shares of Common Stock (1) | |||
| 9 | Sole dispositive power
0 shares of Common Stock | |||
| 10 | Shared dispositive power
442,959 shares of Common Stock (1) |
| 11 | Aggregate amount beneficially owned by each reporting person
442,959 shares of Common Stock (1) | |||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares
☐ | |||||
| 13 | Percent of class represented by amount in Row (11)
19.99% (1) | |||||
| 14 | Type of reporting person
OO | |||||
| (1) | On June 5, 2023, Novalis LifeSciences purchased (i) 155,000 shares of Redeemable Convertible Preferred Stock, which shares are eligible for conversion as of the date hereof into an aggregate of 408,018 shares of Common Stock at the sole discretion of Novalis LifeSciences, and (ii) Warrants to purchase an aggregate of 546,552 shares of Common Stock (in each case giving effect to the Issuers 1-for-18 reverse stock split of its Common Stock on May 9, 2024). As a result of the Beneficial Ownership Blocker, beneficial ownership of the Reporting Persons is capped at 19.99% of the outstanding Common Stock of the Issuer, representing 442,959 shares of Common Stock calculated as described herein as of the date hereof. |
The calculation of the beneficial ownership of the Reporting Persons is based on (i) 1,772,946 shares of Common Stock issued and outstanding as of August 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and (ii) an aggregate of 442,959 shares of Common Stock to be issued upon conversion or exercise of the Redeemable Convertible Preferred Stock or Warrants held by Novalis LifeSciences, which reflects the Beneficial Ownership Blocker.
| CUSIP No. 192003101 | 13D | Page 4 of 8 |
| 1 | Names of reporting persons
Marijn E Dekkers | |||||
| 2 | Check the appropriate box if a member of a group (a) ☐ (b) ☒
| |||||
| 3 | SEC use only
| |||||
| 4 | Source of funds
OO | |||||
| 5 | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6 |
Citizenship or place of organization
United States of America | |||||
| Number of shares beneficially owned by each reporting person with: |
7 | Sole voting power
0 shares of Common Stock | ||
| 8 | Shared voting power
442,959 shares of Common Stock (1) | |||
| 9 | Sole dispositive power
0 shares of Common Stock | |||
| 10 | Shared dispositive power
442,959 shares of Common Stock (1) |
| 11 | Aggregate amount beneficially owned by each reporting person
442,959 shares of Common Stock (1) | |||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares
☐ | |||||
| 13 | Percent of class represented by amount in Row (11)
19.99% (1) | |||||
| 14 | Type of reporting person
IN | |||||
| (1) | On June 5, 2023, Novalis LifeSciences purchased (i) 155,000 shares of Redeemable Convertible Preferred Stock, which shares are eligible for conversion as of the date hereof into an aggregate of 408,018 shares of Common Stock at the sole discretion of Novalis LifeSciences, and (ii) Warrants to purchase an aggregate of 546,552 shares of Common Stock (in each case giving effect to the Issuers 1-for-18 reverse stock split of its Common Stock on May 9, 2024). As a result of the Beneficial Ownership Blocker, beneficial ownership of the Reporting Persons is capped at 19.99% of the outstanding Common Stock of the Issuer, representing 442,959 shares of Common Stock calculated as described herein as of the date hereof. |
The calculation of the beneficial ownership of the Reporting Persons is based on (i) 1,772,946 shares of Common Stock issued and outstanding as of August 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and (ii) an aggregate of 442,959 shares of Common Stock to be issued upon conversion or exercise of the Redeemable Convertible Preferred Stock or Warrants held by Novalis LifeSciences, which reflects the Beneficial Ownership Blocker.
| CUSIP No. 192003101 | 13D | Page 5 of 8 |
| 1 | Names of reporting persons
Paul M. Meister | |||||
| 2 | Check the appropriate box if a member of a group (a) ☐ (b) ☒
| |||||
| 3 | SEC use only
| |||||
| 4 | Source of funds
OO | |||||
| 5 | Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)
☐ | |||||
| 6 |
Citizenship or place of organization
United States of America | |||||
| Number of shares beneficially owned by each reporting person with: |
7 | Sole voting power
0 shares of Common Stock | ||
| 8 | Shared voting power
442,959 shares of Common Stock (1) | |||
| 9 | Sole dispositive power
0 shares of Common Stock | |||
| 10 | Shared dispositive power
442,959 shares of Common Stock (1) |
| 11 | Aggregate amount beneficially owned by each reporting person
442,959 shares of Common Stock (1) | |||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares
☐ | |||||
| 13 | Percent of class represented by amount in Row (11)
19.99% (1) | |||||
| 14 | Type of reporting person
IN | |||||
| (1) | On June 5, 2023, Novalis LifeSciences purchased (i) 155,000 shares of Redeemable Convertible Preferred Stock, which shares are eligible for conversion as of the date hereof into an aggregate of 408,018 shares of Common Stock at the sole discretion of Novalis LifeSciences, and (ii) Warrants to purchase an aggregate of 546,552 shares of Common Stock (in each case giving effect to the Issuers 1-for-18 reverse stock split of its Common Stock on May 9, 2024). As a result of the Beneficial Ownership Blocker, beneficial ownership of the Reporting Persons is capped at 19.99% of the outstanding Common Stock of the Issuer, representing 442,959 shares of Common Stock calculated as described herein as of the date hereof. |
The calculation of the beneficial ownership of the Reporting Persons is based on (i) 1,772,946 shares of Common Stock issued and outstanding as of August 6, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 and (ii) an aggregate of 442,959 shares of Common Stock to be issued upon conversion or exercise of the Redeemable Convertible Preferred Stock or Warrants held by Novalis LifeSciences, which reflects the Beneficial Ownership Blocker.
| CUSIP No. 192003101 | 13D | Page 6 of 8 |
Item 1. Security and Issuer
This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) amends and supplements the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on June 15, 2023, as amended by Amendment No. 1 filed with the SEC on June 10, 2024 (“Amendment No. 1”) and Amendment No. 2 filed with the SEC on July 18, 2024 (“Amendment No. 2”, and such Schedule 13D as amended by Amendment No. 1 and Amendment No. 2, the “Schedule 13D”), relating to shares of common stock, par value $0.0001 per share (“Common Stock”), of Telesis Bio Inc., a Delaware corporation (the “Issuer”).
Unless specifically amended or supplemented by this Amendment No. 3, the disclosures set forth in the Schedule 13D remain unchanged. Capitalized terms used but not otherwise defined in this Amendment No. 3 shall have the meanings assigned to them in the Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following:
Promissory Note
On November 4, 2024, the Issuer issued an unsecured promissory note with a principal amount of $1,500,000 in favor of Novalis LifeSciences (the “November 2024 Promissory Note”). The November 2024 Promissory Note has a maturity date of January 15, 2026 (the “Maturity Date”), on which date the Issuer promises to pay Novalis LifeSciences the principal amount of the Promissory Note and all accrued but unpaid interest. The principal amount outstanding under the Promissory Note bears interest at a rate of 12.00% per annum. The Issuer may exercise its right to prepay the Promissory Note, upon which the Issuer shall pay the principal amount to be prepaid accompanied by all accrued but unpaid interest. In the event of a default under the Promissory Note, additional interest will accrue on all outstanding amounts under the Promissory Note at a rate of 14.00% per annum.
| CUSIP No. 192003101 | 13D | Page 7 of 8 |
References to and the description of the Promissory Note set forth in this Item 6 do not purport to be complete and are qualified in their entirety by reference to the Promissory Note, a form of which is filed as an exhibit hereto and incorporated by reference herein.
Item 7. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
| Exhibit A | Form of Promissory Note |
| CUSIP No. 192003101 | 13D | Page 8 of 8 |
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: November 6, 2024 | NOVALIS LIFESCIENCES INVESTMENTS II, L.P. | |||||
| By: Novalis LifeSciences Investments II GP, LLC, its general partner | ||||||
| By: | /s/ Paul M. Meister | |||||
| Name: | Paul M. Meister | |||||
| Title: | Authorized Signatory | |||||
| NOVALIS LIFESCIENCES INVESTMENTS II GP, LLC | ||||||
| By: | /s/ Paul M. Meister | |||||
| Name: | Paul M. Meister | |||||
| Title: | Authorized Signatory | |||||
| /s/ Marijn E. Dekkers | ||||||
| Marijn E. Dekkers | ||||||
| /s/ Paul M. Meister | ||||||
| Paul M. Meister | ||||||