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    Amendment: SEC Form SCHEDULE 13D/A filed by Galecto Inc.

    1/16/25 9:43:35 PM ET
    $GLTO
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Get the next $GLTO alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 3)


    Galecto, Inc.

    (Name of Issuer)


    Common Stock, par value $0.00001 per share

    (Title of Class of Securities)


    36322Q107

    (CUSIP Number)


    Barbara Fiorini, Novo Holdings
    Tuborg Havnevej 19,
    Hellerup, G7, 2900
    45 3527 6592


    B. Shayne Kennedy, Esq.,
    650 Town Center Drive, 20th Floor,
    Costa Mesa, CA, 92626
    714-540-1235

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    08/29/2024

    (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. Checkbox not checked

    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).






    SCHEDULE 13D

    CUSIP No.
    36322Q107


    1 Name of reporting person

    Novo Holdings A/S
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DENMARK
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    99,913.00
    8Shared Voting Power

    0.00
    9Sole Dispositive Power

    99,913.00
    10Shared Dispositive Power

    0.00
    11Aggregate amount beneficially owned by each reporting person

    99,913.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    7.6 %
    14Type of Reporting Person (See Instructions)

    CO



    SCHEDULE 13D

    Item 1.Security and Issuer
    (a)Title of Class of Securities:

    Common Stock, par value $0.00001 per share
    (b)Name of Issuer:

    Galecto, Inc.
    (c)Address of Issuer's Principal Executive Offices:

    75 State Street, Suite 100, Boston, MASSACHUSETTS , 02109.
    Item 2.Identity and Background
    (a)
    Novo Holdings A/S, a Danish corporation, is an investment firm focused on life sciences and finance that is wholly owned by Novo Nordisk Foundation (the "Foundation"), a Danish commercial foundation. Novo Holdings A/S is the holding company in the group of Novo companies, currently comprised of Novo Nordisk A/S and Novozymes A/S (trade name: Novonesis A/S), and is responsible for managing the Foundation's assets, including its financial assets. Based on the governance structure of Novo Holdings A/S and the Foundation, the Foundation is not deemed to have any beneficial ownership of the securities of the Issuer held by Novo Holdings A/S. The name of each director and executive officer of both Novo Holdings A/S and the Foundation is set forth on the updated Schedule I to this Amendment No. 3.
    (b)
    The business address of both Novo Holdings A/S and the Foundation is Tuborg Havnevej 19, 2900 Hellerup, Denmark. The residence or business address of each director and executive officer of both Novo Holdings A/S and the Foundation is set forth on the updated Schedule I to this Schedule 13D.
    (c)
    Novo Holdings A/S, a holding company that is responsible for managing the Foundation's assets, provides seed and venture capital to development stage companies and invests in well established companies within the life science and biotechnology sector. The Foundation is a Danish self-governing and profit-making foundation, whose objectives are to provide a stable basis for commercial and research activities undertaken by the group of Novo companies and to support scientific, humanitarian and social purposes through grants.
    (d)
    Within the last five years, neither Novo Holdings A/S, the Foundation, nor any person named in the updated Schedule I has been convicted in any criminal proceedings.
    (e)
    Within the last five years, neither Novo Holdings A/S, the Foundation, nor any person named in the updated Schedule I was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
    (f)
    Denmark
    Item 5.Interest in Securities of the Issuer
    (a)
    This amendment reports and reflects a reduction in the beneficial ownership of the Issuer's common stock due to a 1-for-25 Reverse Stock Split of the Issuer's shares of Common Stock effected on August 29, 2024 and a subsequent increase in the outstanding shares of Common Stock of the Issuer. Novo Holdings A/S beneficially owns 99,913 shares of Common Stock (the "Novo Shares") representing approximately 7.6% of the Issuer's outstanding shares of Common Stock, based upon 1,316,989 shares of the Issuer's Common Stock outstanding as of October 30, 2024, as reported in the Issuer's Form 10-Q filed with the SEC on November 1, 2024.
    (b)
    Novo Holdings A/S is a Danish corporation wholly owned by the Novo Nordisk Foundation. Novo Holdings A/S has the sole power to vote and dispose of the Novo Shares. Neither the Foundation nor any person listed on the updated Schedule I has the power to direct the vote as to, or the disposition of the Novo Shares.
    (c)
    Novo Holdings A/S has not effected any transactions in the Issuer's Common Shares within the past 60 days and neither the Foundation nor any person listed on the updated Schedule I has effected any transactions in the Issuer's Common Shares within the past 60 days.
    (d)
    Novo Holdings A/S does not know of any other person having the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Novo Shares.
    (e)
    Not applicable.

        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.

     
    Novo Holdings A/S
     
    Signature:/s/ Barbara Fiorini
    Name/Title:Barbara Fiorini, General Counsel, Finance & Operations
    Date:01/16/2025
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