Amended Statement of Beneficial Ownership (sc 13d/a)
March 15 2022 - 8:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 8)*
Under the Securities Exchange Act of 1934
ENTASIS THERAPEUTICS HOLDINGS INC. |
(Name of Issuer) |
|
Common Stock, $0.001 par value |
(Title of Class of Securities) |
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293614 103 |
(CUSIP Number) |
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Pavel Raifeld
Chief Executive Officer
Innoviva, Inc.
1350 Old Bayshore Highway Suite 400
Burlingame, CA
877-202-1097 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
|
March 15, 2022 |
(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 Rule 240.13d-7 for other parties to whom copies are to be sent.
* |
|
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 (the “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. 04216R 102
1 |
NAME OF REPORTING PERSON
Innoviva, Inc. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐ |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS
WC |
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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
37,345,794(1) |
8 |
SHARED VOTING POWER
20,000,000(2) |
9 |
SOLE DISPOSITIVE POWER
37,345,794(1) |
10 |
SHARED DISPOSITIVE POWER
20,000,000(2) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
57,345,794 |
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
74.93%(3) |
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO |
(1) |
Includes shares of Common Stock and warrants to purchase Common Stock acquired by INVA on April 22, 2020, June 11, 2020, and September 1, 2020. |
|
|
(2) |
Includes shares of Common Stock and warrants to purchase Common Stock acquired by ISO on May 3, 2021 and June 11, 2021. |
|
|
(3) |
Based on 47,851,779 shares of Common Stock outstanding as of February 25, 2022, as reported by the Issuer in its Form 10-K filed on March 3, 2022 plus warrants to purchase 28,672,897 shares of Common Stock previously acquired by the Reporting Persons. |
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|
|
|
|
CUSIP NO. 04216R 102
1 |
NAME OF REPORTING PERSON
Innoviva Strategic Opportunities LLC |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐ |
3 |
SEC USE ONLY |
4 |
SOURCE OF FUNDS
WC |
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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 |
8 |
SHARED VOTING POWER
20,000,000(1) |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
20,000,000(1) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000,000 |
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.57%(2) |
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
(1) |
Includes shares of Common Stock and warrants to purchase Common Stock acquired by ISO on May 3, 2021 and June 11, 2021. |
|
|
(2) |
Based on 47,851,779 shares of Common Stock outstanding as of February 25, 2022, as reported by the Issuer in its Form 10-K filed on March 3, 2022 plus warrants to purchase 10,000,000 shares of Common Stock previously acquired by the Reporting Persons. |
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Explanatory Note
This Amendment No. 8 (the “Amendment
No. 8”) amends and supplements the initial Statement of Beneficial Ownership on Schedule 13D, as filed with the Securities
and Exchange Commission (the “SEC”) on April 23, 2020 and previously amended, (as amended, the “Schedule 13D”)
with respect to shares of common stock, $0.001 par value per share (“Common Stock”) of Entasis Therapeutics Holdings Inc.,
a Delaware corporation (the “Issuer”) and warrants to acquire additional shares of Common Stock of the Issuer. Innoviva, Inc.
(“INVA”) and Innoviva Strategic Opportunities LLC (“ISO”) are together referred to herein as the “Reporting
Persons”. Except as specifically amended and supplemented by this Amendment No. 8, the Schedule 13D remains in full force and
effect.
Item 4. Purpose of Transaction
Item 4 in Schedule 13D is hereby supplemented
as follows:
On March 15, 2022 INVA revised its non-binding
offer to acquire the Issuer to increase the purchase thereunder to $2.00 per share in cash. All other terms of the offer remain unchanged.
The foregoing description of the revised Proposal is qualified in its entirety by reference to the
full text of the communication from INVA to the Issuer, a copy of which is attached hereto as Exhibit 16 and is incorporated herein
by reference.
Item 7. Material to Be Filed as Exhibits
Exhibit 16 – Revised Proposal
to Members of Board of Directors of the Issuer, dated March 15, 2022
SIGNATURES
After reasonable inquiry and to the best of each
of the undersigned’s knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set
forth in this statement is true, complete and correct.
Dated: March 15, 2022
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INNOVIVA, INC. |
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By: |
/s/ Pavel Raifeld |
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Name: Pavel Raifeld |
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Title: Chief Executive Officer |
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INNOVIVA STRATEGIC OPPORTUNITIES LLC |
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By: Innoviva, Inc., its managing member |
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By: |
/s/ Pavel Raifeld |
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Name: Pavel Raifeld |
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Title: Chief Executive Officer |
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