Form SC 13D - General statement of acquisition of beneficial ownership
27 Octobre 2023 - 9:57PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment No. ________)*
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Salarius
Pharmaceuticals, Inc. |
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(Name of Issuer) |
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Common
stock, $0.0001 par value |
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(Title of Class of Securities) |
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79400X305 |
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(CUSIP Number) |
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Elvin
Lee
31
Bilton St.
Teaneck,
NJ 07666 |
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(818) 455
5759 |
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(Name, Address and Telephone Number of Person
Authorized |
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to Receive Notices and Communications) |
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23 October
2023 |
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(Date of Event which Requires Filing of this
Statement) |
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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 Sections 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 Section
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 (“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. 79400X305 |
13D |
Page 2 of 5 Pages |
1 |
NAMES OF REPORTING
PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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Elvin Lee |
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(see instructions) |
(a) |
[ _ ] |
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(b) |
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3 |
SEC USE ONLY |
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4 |
SOURCE OF
FUNDS* (see instructions)
PF |
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5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
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PURSUANT TO ITEMS 2(d) OR 2(e) |
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[ _ ] |
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6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
New Jersey |
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7 |
SOLE VOTING POWER |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
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204,270 |
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8 |
SHARED VOTING POWER |
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0 |
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9 |
SOLE DISPOSITIVE POWER |
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204,270 |
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10 |
SHARED DISPOSITIVE POWER |
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0 |
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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204,270 |
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12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |
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(see instructions) |
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[ _ ] |
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13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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6.09% |
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14 |
TYPE OF REPORTING PERSON* (see instructions) |
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IN
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CUSIP
No. 79400X305 |
13D |
Page 3 of 5 Pages |
Item 1. Security and
Issuer. |
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Security
Common Stock,
par value $0.0001 per share
CUSIP Number
79400X305
Name of Issuer
Salarius
Pharmaceuticals, Inc.
Address
of Issuer’s Principal Executive Offices
2450
Holcombe Blvd., Suite X
Houston,
TX 77021 |
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Item 2. Identity and Background. |
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(a) |
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Name of Person
Filing
Elvin Sanghwan
Lee, Individual Investor |
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(b) |
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Address
31 Bilton
St
Teaneck,
NJ 07666 |
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(c) |
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Citizenship
United States
of America |
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(d) |
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Title of
Class of Securities
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Common Stock,
par value $0.0001 per share
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(e) |
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CUSIP Number
79400X305 |
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Item 3. Source and Amount of Funds or Other Consideration. |
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Personal
Funds and the aggregate owner of 204,270 Shares. Of such Shares, 204,270 Shares were purchased by the Reporting Person collectively
for an aggregate price of $153,404.97.
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Item 4. Purpose of Transaction. |
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(a) |
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The Reporting Person acquired his positions in the shares in the belief
that the Shares were undervalued. The Reporting Person intends to have discussion with representatives of the Issuer’s management
and board of directors relating to improving operational performance and pursuing strategic alternatives, as well as the possibility
of management and board representation. |
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(b) |
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The Reporting Persons may, from time to time and at any time: (i) acquire
additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, "Securities") of the
Issuer (or its affiliates) in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or
otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities. |
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CUSIP
No. 79400X305 |
13D |
Page 4 of 5 Pages |
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Item 5. Interest in Securities of the Issuer. |
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(a) |
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The Reporting Person may be deemed to beneficially own, in the aggregate,
204,270 Shares, representing approximately 6.09% of the Issuer's outstanding Shares (based upon the 3,352,069 Shares stated to be
outstanding as of 30 June 2023 by the Issuer in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on 30 Aug 2023). |
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(b) |
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Acquired |
Quantity |
Average
Cost Basis |
Cost
Basis Total |
10/26/2023 |
235 |
$0.74
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$173.90
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10/26/2023 |
1,999 |
$0.74
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$1,479.26
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10/26/2023 |
20 |
$0.74
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$14.80
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10/26/2023 |
1 |
$0.72
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$0.72
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10/26/2023 |
5000 |
$0.78
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$3,879.50
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10/26/2023 |
2500 |
$0.78
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$1,952.75
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10/26/2023 |
1000 |
$0.75
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$745.60
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10/25/2023 |
5300 |
$0.76
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$4,032.24
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10/25/2023 |
1088 |
$0.75
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$815.13
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10/25/2023 |
1400 |
$0.78
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$1,096.90
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10/23/2023 |
9,600 |
$0.75
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$7,198.08
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10/23/2023 |
400 |
$0.75
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$299.60
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10/23/2023 |
5,218 |
$0.74
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$3,861.32
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10/23/2023 |
382 |
$0.75
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$285.47
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10/23/2023 |
4,400 |
$0.72
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$3,168.00
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10/20/2023 |
28,353 |
$0.78
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$21,973.59
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10/20/2023 |
1,647 |
$0.76
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$1,251.72
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10/20/2023 |
3,564 |
$0.77
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$2,749.27
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10/20/2023 |
5,000 |
$0.79
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$3,955.00
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10/20/2023 |
5,000 |
$0.79
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$3,960.00
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10/20/2023 |
900 |
$0.79 |
$706.95
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10/20/2023 |
9100 |
$0.79 |
$7,148.05
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10/20/2023 |
436 |
$0.80 |
$347.23
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10/19/2023 |
1,463 |
$0.78
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$1,141.14
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10/19/2023 |
2,702 |
$0.78
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$2,094.05
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10/19/2023 |
29,564 |
$0.76
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$22,468.64
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10/19/2023 |
531 |
$0.75
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$398.25
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10/19/2023 |
2,050 |
$0.75
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$1,537.50
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10/19/2023 |
10,000 |
$0.78
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$7,799.00
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10/19/2023 |
100 |
$0.77
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$76.50
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10/19/2023 |
436 |
$0.75
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$327.00
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10/18/2023 |
1,223 |
$0.74
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$905.02
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10/18/2023 |
18,788 |
$0.73
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$13,809.20
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10/17/2023 |
11 |
$0.74
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$8.09
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10/17/2023 |
6,252 |
$0.73
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$4,595.23
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10/17/2023 |
3,731 |
$0.73
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$2,723.63
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10/17/2023 |
3,139 |
$0.73
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$2,290.84
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10/17/2023 |
1,218 |
$0.72
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$883.05
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10/17/2023 |
7,400 |
$0.72
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$5,328.00
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10/17/2023 |
2,950 |
$0.72
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$2,123.71
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10/17/2023 |
500 |
$0.72
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$359.50
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10/17/2023 |
9,194 |
$0.69
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$6,389.84
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10/17/2023 |
100 |
$0.73
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$73.00
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10/16/2023 |
3,424 |
$0.68
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$2,328.32
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10/16/2023 |
431 |
$0.70
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$299.55
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10/11/2023 |
475 |
$0.68
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$323.00
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10/10/2023 |
2,022 |
$0.68
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$1,374.96
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10/10/2023 |
1,300 |
$0.68
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$882.70
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10/10/2023 |
1,000 |
$0.68
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$684.20
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10/5/2023 |
1,723 |
$0.63
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$1,085.49
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Item 6. Contracts,
Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Not applicable |
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Item 7. Material to be Filed as Exhibits. |
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Not applicable. |
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CUSIP
No. 79400X305 |
13D |
Page 5 of 5 Pages |
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.
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/s/
Elvin Sanghwan Lee |
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(Name) |
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Self |
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(Title) |
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27 October
2023 |
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(Date) |
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