Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
17 Novembre 2023 - 3:28PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION |
Washington,
D.C. 20549 |
|
SCHEDULE
13D/A |
|
Under the
Securities Exchange Act of 1934 |
(Amendment
No. 3)* |
|
TherapeuticsMD, Inc. |
(Name of
Issuer) |
|
Common
Stock, $0.001 par value per share |
(Title
of Class of Securities) |
|
88338N206 |
(CUSIP
Number) |
|
Rubric
Capital Management LP
155 East 44th St, Suite 1630
New York, NY 10017
Attention: Brian Kleinhaus
212-418-1888
|
(Name,
Address and Telephone Number of Person |
Authorized
to Receive Notices and Communications) |
|
November
15, 2023 |
(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨
(Page 1 of 6 Pages)
* 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. 88338N206
|
SCHEDULE
13D/A |
Page 2
of 6 Pages |
1 |
NAME
OF REPORTING PERSON
Rubric Capital Management
LP |
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
¨
(b) ¨ |
3 |
SEC
USE ONLY
|
4 |
SOURCE
OF FUNDS
AF |
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
¨ |
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
State of Delaware |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH: |
7 |
SOLE
VOTING POWER
-0- |
8 |
SHARED
VOTING POWER
2,946,908 Shares |
9 |
SOLE
DISPOSITIVE POWER
-0- |
10 |
SHARED
DISPOSITIVE POWER
2,946,908 Shares |
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,946,908 Shares |
12 |
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ |
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.73% |
14 |
TYPE
OF REPORTING PERSON
PN, IA |
|
|
|
|
CUSIP
No. 88338N206
|
SCHEDULE
13D/A |
Page 3
of 6 Pages |
1 |
NAME
OF REPORTING PERSON
David Rosen |
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
¨
(b) ¨ |
3 |
SEC
USE ONLY
|
4 |
SOURCE
OF FUNDS
AF |
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 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- |
8 |
SHARED
VOTING POWER
2,946,908 Shares |
9 |
SOLE
DISPOSITIVE POWER
-0- |
10 |
SHARED
DISPOSITIVE POWER
2,946,908 Shares |
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,946,908 Shares |
12 |
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
¨ |
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.73% |
14 |
TYPE
OF REPORTING PERSON
IN |
|
|
|
|
CUSIP
No. 88338N206
|
SCHEDULE
13D |
Page 4
of 6 Pages
|
This
Amendment No. 3 amends the Schedule 13D initially filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC")
on August 8, 2022, as amended by Amendment No. 1 filed with the SEC on August 30, 2022, with respect to the common stock, par
value $0.001 per share (the "Shares"), of TherapeuticsMD, Inc., a Nevada corporation (the "Issuer"),
and Amendment No.2 filed with the SEC on June 30, 2023 (collectively, including this Amendment No. 3, the “Schedule 13D”).
Capitalized terms used but not defined herein have the meanings given
to such terms in the Schedule 13D. This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.
Item 3. |
SOURCE AND AMOUNT
OF FUNDS OR OTHER CONSIDERATION |
|
|
|
Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: |
|
|
|
Funds for the purchase of the Shares reported herein were derived
from general working capital and margin account borrowings made in the ordinary course of business. In such instances, the positions
held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist
from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of
margin used to purchase the Shares reported herein. A total of approximately $15.92 million was paid to acquire the Shares reported
herein. |
|
|
Item 4. |
PURPOSE OF TRANSACTION |
|
|
|
Item 4 of the Schedule 13D is hereby amended by adding the following: |
|
|
|
As
disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on May 5, 2023, the Issuer and Rubric Capital entered
into a Subscription Agreement on May 1, 2023 (the “Subscription Agreement”) pursuant to which the Issuer
agreed to sell to Rubric Capital, or one or more of its affiliates, up to an aggregate of 5,000,000 Shares, from time to time during
the term of the Subscription Agreement, at a purchase price of the five-day volume-weighted average price of the Shares at the time
of the sale of such Shares, at an aggregate purchase price of up to $5,000,000 (collectively, the “Private Placement”).
Pursuant to the Subscription Agreement, the Issuer, at its election,
may issue additional Shares from time to time to Rubric Capital, up to an aggregate cap of the lesser of 5,000,000 Shares or $5,000,000.
The Issuer submitted a draw down notice to Rubric Capital on November 10, 2023 consisting of 877,192 Shares at a price per Share equal
to $2.28.
|
CUSIP
No. 88338N206 |
SCHEDULE
13D |
Page 5
of 6 Pages
|
|
The foregoing description of the Subscription Agreement does not purport
to be complete and is qualified in its entirety by reference to the full text of the Subscription Agreement which is attached to Amendment
No. 2 and is incorporated herein by reference. |
|
|
Item 5. |
INTEREST IN SECURITIES OF THE ISSUER |
|
|
(a) |
See rows (11) and (13) of the cover pages to this Schedule 13D for the
aggregate number of Shares and percentages of Shares beneficially owned by each of the Reporting Persons. The percentages
used in this Schedule 13D are calculated based upon 11,452,432 Shares outstanding, which is the sum of (i) 10,575,240 Shares outstanding
as of November 14, 2023, as set forth in the Issuer's Form 10-Q filed with the SEC on November 14, 2023, and (ii) 877,192 Shares
issued to Rubric Capital pursuant to the Subscription Agreement on November 15, 2023. |
|
|
(b) |
See rows (7) through (10) of the cover pages to
this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote
and sole or shared power to dispose or to direct the disposition. |
|
|
(c) |
Except as disclosed in Item 4, the Reporting have not entered
into transactions in the Common Stock within the past sixty days. |
|
|
(d) |
See Item 2. Rubric Capital Master Fund LP, a Rubric
Fund, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than
5% of the Shares. |
|
|
(e) |
Not applicable. |
|
|
Item 6. |
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER |
|
|
|
Item 6 is hereby amended and supplemented by the addition
of the following: |
|
|
|
The information disclosed in Item 4 is incorporated
herein by reference. |
CUSIP
No. 88338N206
|
SCHEDULE
13D |
Page 6
of 6 Pages
|
SIGNATURES
After reasonable inquiry and to the best of his
or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and
correct.
Date: November 16, 2023
|
RUBRIC CAPITAL MANAGEMENT LP |
|
|
|
By: |
/s/ Michael Nachmani |
|
Name: Title: |
Michael Nachmani Chief Operating Officer |
|
|
|
|
/s/ David Rosen |
|
DAVID ROSEN |
TherapeuticsMD (NASDAQ:TXMD)
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