Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]
14 Novembre 2024 - 11:49PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Oruka Therapeutics, Inc.
(Name of Issuer)
Common stock, $0.001 par value per share
(Title of Class of
Securities)
687604108
(CUSIP Number)
September 30, 2024
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
¨
x
¨ |
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).
| CUSIP No. 687604108 |
Page 2 of 14 |
| 1. |
Names of Reporting Persons
Venrock Healthcare Capital Partners III, L.P. |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(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
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
PN |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of immediately exercisable warrants (“Warrants”)
held by Venrock Healthcare Capital Partners III, L.P.; (ii) 66,890 shares and 9,742
shares issuable upon the exercise of Warrants held by VHCP Co-Investment Holdings III, LLC;
and (iii) 2,350,074 shares and 367,077 shares issuable upon the exercise of Warrants
held by Venrock Healthcare Capital Partners EG, L.P. The share numbers in the preceding sentence
represent the maximum number of shares of common stock issuable upon exercise of the Warrants
held by the Reporting Persons as a result of the beneficial ownership provision described
in the following sentence. Under the terms of the Warrants, the Issuer may not effect the
exercise of any such Warrant, and a holder will not be entitled to exercise any portion of
such Warrant, if, upon giving effect to such exercise, the aggregate number of shares of
common stock beneficially owned by the holder (together with its affiliates and other attribution
parties) would exceed 9.99% of the number of shares of common stock outstanding immediately
after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the Securities and Exchange Commission (the “SEC”) on
September 13, 2024; and (ii) 456,321 shares issuable upon the exercise of the Warrants
described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 3 of 14 |
| 1. |
Names of Reporting Persons
VHCP Co-Investment Holdings III, LLC |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(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
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
OO |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 4 of 14 |
| 1. |
Names of Reporting Persons
Venrock Healthcare Capital Partners EG, L.P. |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(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
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
PN |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 5 of 14 |
| 1. |
Names of Reporting Persons
VHCP Management III, LLC |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(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
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
OO |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 6 of 14 |
| 1. |
Names of Reporting Persons
VHCP Management EG, LLC |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(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
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
OO |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 7 of 14 |
| 1. |
Names of Reporting Persons
Shah, Nimish |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(b) ¨ |
| 3. |
SEC
Use Only
|
| 4. |
Citizenship or Place of Organization
United States |
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
5. |
Sole Voting Power
0 |
| 6. |
Shared Voting Power
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
IN |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 8 of 14 |
| 1. |
Names of Reporting Persons
Koh, Bong |
| 2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x (1)
(b) ¨ |
| 3. |
SEC
Use Only
|
| 4. |
Citizenship or Place of Organization
United States |
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With |
5. |
Sole Voting Power
0 |
| 6. |
Shared Voting Power
3,541,941 (2) |
| 7. |
Sole Dispositive Power
0 |
| 8. |
Shared Dispositive Power
3,541,941 (2) |
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
3,541,941 (2) |
| 10. |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11. |
Percent of Class Represented by Amount in Row (9)
9.99% (3) |
| 12. |
Type of Reporting Person (See Instructions)
IN |
| (1) | Venrock Healthcare Capital Partners
III, L.P., VHCP Co-Investment Holdings III, LLC, Venrock Healthcare Capital Partners EG,
L.P., VHCP Management III, LLC, VHCP Management EG, LLC, Nimish Shah and Bong Koh are members
of a group for the purposes of this Schedule 13G/A. |
| (2) | Consists of (i) 668,656 shares
and 79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of
Warrants held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and
367,077 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital
Partners EG, L.P. The share numbers in the preceding sentence represent the maximum number
of shares of common stock issuable upon exercise of the Warrants held by the Reporting Persons
as a result of the beneficial ownership provision described in the following sentence. Under
the terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and
a holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
| (3) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 2 above. |
| CUSIP No. 687604108 |
Page 9 of 14 |
Introductory
Note: This Schedule 13G/A is filed on behalf of Venrock Healthcare Capital Partners III, L.P., a limited partnership
organized under the laws of the State of Delaware (“VHCP III LP”), VHCP Co-Investment Holdings III, LLC, a
limited liability company organized under the laws of the State of Delaware (“VHCP Co-Investment III”), Venrock
Healthcare Capital Partners EG, L.P., a limited partnership organized under the laws of the State of Delaware (“VHCP EG”),
VHCP Management III, LLC, a limited liability company organized under the laws of the State of Delaware (“VHCP Management
III”), VHCP Management EG, LLC, a limited liability company organized under the laws of the State of Delaware (“VHCP
Management EG” and collectively with VHCP III LP, VHCP Co-Investment III, VHCP EG and VHCP Management III, the “Venrock
Entities”), Nimish Shah (“Shah”) and Bong Koh (“Koh”) in respect of
the Common Stock of Oruka Therapeutics, Inc. (f/k/a ARCA biopharma, Inc.).
| Item 1. |
| |
(a) |
Name of Issuer
Oruka Therapeutics, Inc. |
| |
| |
(b) |
Address of Issuer’s Principal Executive Offices
885 Oak Grove Avenue, Suite 100
Menlo Park, CA 94025 |
| |
| Item 2. |
| |
(a) |
Name of Person Filing
Venrock Healthcare Capital Partners III, L.P.
VHCP Co-Investment Holdings III, LLC
Venrock Healthcare Capital Partners EG, L.P.
VHCP Management III, LLC
VHCP Management EG, LLC
Nimish Shah
Bong Koh
|
| |
|
|
| |
(b) |
Address of Principal Business Office or, if
none, Residence |
| |
New York Office: |
Palo Alto Office: |
| |
|
|
| |
7 Bryant Park |
3340 Hillview Avenue |
| |
23rd Floor |
Palo Alto, CA 94304 |
| |
New York, NY 10018 |
|
| |
(c) |
Citizenship
All of the Venrock Entities were organized in Delaware.
The individuals are both United States citizens. |
| |
| |
(d) |
Title of Class of Securities
Common Stock, $0.001 par value |
| |
|
|
| |
(e) |
CUSIP Number
687604108 |
| CUSIP No. 687604108 |
Page 10 of 14 |
| |
| 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: |
| |
Not applicable |
| |
| Item 4. |
Ownership |
| |
(a) |
Amount
beneficially owned as of September 30, 2024: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Co-Investment Holdings III, LLC | |
| 3,541,941 |
(1) |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Management III, LLC | |
| 3,541,941 |
(1) |
| |
VHCP Management EG, LLC | |
| 3,541,941 |
(1) |
| |
Nimish Shah | |
| 3,541,941 |
(1) |
| |
Bong Koh | |
| 3,541,941 |
(1) |
| |
(b) |
Percent
of class as of September 30, 2024: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 9.99 |
% (2) |
| |
VHCP Co-Investment Holdings III, LLC | |
| 9.99 |
% (2) |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 9.99 |
% (2) |
| |
VHCP Management III, LLC | |
| 9.99 |
% (2) |
| |
VHCP Management EG, LLC | |
| 9.99 |
% (2) |
| |
Nimish Shah | |
| 9.99 |
% (2) |
| |
Bong Koh | |
| 9.99 |
% (2) |
| |
(c) |
Number of shares as to which
the person has, as of September 30, 2024: |
| |
|
(i) |
Sole
power to vote or to direct the vote: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 0 | |
| |
VHCP Co-Investment Holdings III, LLC | |
| 0 | |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 0 | |
| |
VHCP Management III, LLC | |
| 0 | |
| |
VHCP Management EG, LLC | |
| 0 | |
| |
Nimish Shah | |
| 0 | |
| |
Bong Koh | |
| 0 | |
| CUSIP No. 687604108 |
Page 11 of 14 |
| |
|
(ii) |
Shared
power to vote or to direct the vote: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Co-Investment Holdings III, LLC | |
| 3,541,941 |
(1) |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Management III, LLC | |
| 3,541,941 |
(1) |
| |
VHCP Management EG, LLC | |
| 3,541,941 |
(1) |
| |
Nimish Shah | |
| 3,541,941 |
(1) |
| |
Bong Koh | |
| 3,541,941 |
(1) |
| |
|
(iii) |
Sole
power to dispose or to direct the disposition of: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 0 | |
| |
VHCP Co-Investment Holdings III, LLC | |
| 0 | |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 0 | |
| |
VHCP Management III, LLC | |
| 0 | |
| |
VHCP Management EG, LLC | |
| 0 | |
| |
Nimish Shah | |
| 0 | |
| |
Bong Koh | |
| 0 | |
| |
|
(iv) |
Shared
power to dispose or to direct the disposition of: |
| |
Venrock Healthcare Capital Partners III, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Co-Investment Holdings III, LLC | |
| 3,541,941 |
(1) |
| |
Venrock Healthcare Capital Partners EG, L.P. | |
| 3,541,941 |
(1) |
| |
VHCP Management III, LLC | |
| 3,541,941 |
(1) |
| |
VHCP Management EG, LLC | |
| 3,541,941 |
(1) |
| |
Nimish Shah | |
| 3,541,941 |
(1) |
| |
Bong Koh | |
| 3,541,941 |
(1) |
| CUSIP No. 687604108 |
Page 12 of 14 |
| (1) | Consists of (i) 668,656 shares and
79,502 shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital Partners
III, L.P.; (ii) 66,890 shares and 9,742 shares issuable upon the exercise of Warrants
held by VHCP Co-Investment Holdings III, LLC; and (iii) 2,350,074 shares and 367,077
shares issuable upon the exercise of Warrants held by Venrock Healthcare Capital Partners
EG, L.P. The share numbers in the preceding sentence represent the maximum number of shares
of common stock issuable upon exercise of the Warrants held by the Reporting Persons as a
result of the beneficial ownership provision described in the following sentence. Under the
terms of the Warrants, the Issuer may not effect the exercise of any such Warrant, and a
holder will not be entitled to exercise any portion of such Warrant, if, upon giving effect
to such exercise, the aggregate number of shares of common stock beneficially owned by the
holder (together with its affiliates and other attribution parties) would exceed 9.99% of
the number of shares of common stock outstanding immediately after giving effect to the exercise. |
VHCP Management III, LLC
is the general partner of Venrock Healthcare Capital Partners III, L.P. and the manager of VHCP Co-Investment Holdings III, LLC. VHCP
Management EG, LLC is the general partner of Venrock Healthcare Capital Partners EG, L.P. Messrs. Shah and Koh are the voting members
of VHCP Management III, LLC and VHCP Management EG, LLC.
| (2) | This percentage is calculated based
upon the sum of (i) 34,998,550 shares of the Issuer’s Common Stock outstanding
as of September 13, 2024, as reported in the Issuer’s Current Report on Form 8-K
filed with the SEC on September 13, 2024; and (ii) 456,321 shares issuable upon
the exercise of the Warrants described in Footnote 1 above. |
| 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 ¨ |
| |
| 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. |
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 such purpose or effect. |
| CUSIP No. 687604108 |
Page 13 of 14 |
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: November 14, 2024
| Venrock Healthcare Capital Partners III, L.P. |
|
Venrock Healthcare Capital Partners EG, L.P. |
| |
|
|
| By: |
VHCP Management III, LLC |
|
By: |
VHCP Management EG, LLC |
| Its: |
General Partner |
|
Its: |
General Partner |
| |
|
|
| By: |
/s/ Sherman G. Souther |
|
By: |
/s/ Sherman G. Souther |
| |
Name: Sherman G. Souther |
|
|
Name: Sherman G. Souther |
| |
Its: Authorized Signatory |
|
|
Its: Authorized Signatory |
| |
|
|
| VHCP Co-Investment Holdings III, LLC |
|
|
| |
|
|
| By: |
VHCP Management III, LLC |
|
|
| Its: |
Manager |
|
|
| |
|
|
| By: |
/s/ Sherman G. Souther |
|
|
| |
Name: Sherman G. Souther |
|
|
| |
Its: Authorized Signatory |
|
|
| |
|
|
| VHCP Management III, LLC |
|
VHCP Management EG, LLC |
| |
|
|
| By: |
/s/ Sherman G. Souther |
|
By: |
/s/ Sherman G. Souther |
| |
Name: Sherman G. Souther |
|
|
Name: Sherman G. Souther |
| |
Its: Authorized Signatory |
|
|
Its: Authorized Signatory |
| |
|
|
| Nimish Shah |
|
|
| |
|
|
| /s/ Sherman G. Souther |
|
|
| Sherman G. Souther, Attorney-in-fact |
|
|
| |
|
|
| Bong Koh |
|
|
| |
|
|
| /s/ Sherman G. Souther |
|
|
| Sherman G. Souther, Attorney-in-fact |
|
|
| CUSIP No. 687604108 |
Page 14 of 14 |
EXHIBITS
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