SEC Form SC 13D/A filed by eFFECTOR Therapeutics Inc. (Amendment)

5/13/24 4:05:28 PM ET

$EFTR

Biotechnology: Pharmaceutical Preparations

Health Care

Get the next $EFTR alert in real time by email

SC 13D/A 1 d821369dsc13da.htm SC 13D/A SC 13D/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

eFFECTOR Therapeutics, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

28202V108

(CUSIP Number)

Jeffrey Ferguson

The Carlyle Group

1001 Pennsylvania Avenue, NW

Suite 220 South

Washington, D.C. 20004

(202) 729-5626

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 9, 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 Rule 13d-1(e), Rule 13d-1(f) or Rule 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 13d-7(b) 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. 28202V108		13D		Page 2 of 15 pages


1	Names of Reporting Persons The Carlyle Group Inc.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person CO


CUSIP No. 28202V108		13D		Page 3 of 15 pages


1	Names of Reporting Persons Carlyle Holdings I GP Inc.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person CO


CUSIP No. 28202V108		13D		Page 4 of 15 pages


1	Names of Reporting Persons Carlyle Holdings I GP Sub L.L.C.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person OO (Limited Liability Company)


CUSIP No. 28202V108		13D		Page 5 of 15 pages


1	Names of Reporting Persons Carlyle Holdings I L.P.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person PN


CUSIP No. 28202V108		13D		Page 6 of 15 pages


1	Names of Reporting Persons CG Subsidiary Holdings L.L.C.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person OO (Limited Liability Company)


CUSIP No. 28202V108		13D		Page 7 of 15 pages


1	Names of Reporting Persons TC Group, L.L.C.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person OO (Limited Liability Company)


CUSIP No. 28202V108		13D		Page 8 of 15 pages


1	Names of Reporting Persons Carlyle Investment Management L.L.C.
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person OO (Limited Liability Company)


CUSIP No. 28202V108		13D		Page 9 of 15 pages


1	Names of Reporting Persons Carlyle Genesis UK LLC
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
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 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person OO (Limited Liability Company)


CUSIP No. 28202V108		13D		Page 10 of 15 pages


1	Names of Reporting Persons Abingworth LLP
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
6	Citizenship or Place of Organization England and Wales
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power 0
		8	Shared Voting Power 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person PN


CUSIP No. 28202V108		13D		Page 11 of 15 pages


1	Names of Reporting Persons Abingworth Bioventures VI LP
2	Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ☐
6	Citizenship or Place of Organization England and Wales
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power 0
		8	Shared Voting Power 193,195
		9	Sole Dispositive Power 0
		10	Shared Dispositive Power 193,195
11	Aggregate Amount Beneficially Owned by Each Reporting Person 193,195
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13	Percent of Class Represented by Amount in Row (11) 4.1%
14	Type of Reporting Person PN


CUSIP No. 28202V108		13D		Page 12 of 15 pages

Explanatory Note

This Amendment No. 3 to Schedule 13D (“Amendment No. 3”) amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission on September 3, 2021 (as amended to date, the “Schedule 13D”), relating to the shares of common stock, par value $0.0001 per share (the “Common Stock”), of eFFECTOR Therapeutics, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein without definition shall have the meanings set forth in the Schedule 13D.

Item 5.

Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

(a) – (b) The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 4,704,409 shares of Common Stock outstanding as of April 30, 2024, as disclosed in the Issuer’s quarterly report on Form 10-Q filed on May 9, 2024. The amount of Common Stock reported herein reflects a 1-for-25 reverse stock split effected by the Issuer on January 9, 2024.


Reporting Person	Amount beneficially owned		Percent of class			Sole power to vote or to direct the vote		Shared power to vote or to direct the vote		Sole power to dispose or to direct the disposition		Shared power to dispose or to direct the disposition
The Carlyle Group Inc.		193,195		4.1	%		0		193,195		0		193,195
Carlyle Holdings I GP Inc.		193,195		4.1	%		0		193,195		0		193,195
Carlyle Holdings I GP Sub L.L.C.		193,195		4.1	%		0		193,195		0		193,195
Carlyle Holdings I L.P.		193,195		4.1	%		0		193,195		0		193,195
CG Subsidiary Holdings L.L.C.		193,195		4.1	%		0		193,195		0		193,195
TC Group, L.L.C.		193,195		4.1	%		0		193,195		0		193,195
Carlyle Investment Management L.L.C.		193,195		4.1	%		0		193,195		0		193,195
Carlyle Genesis UK LLC		193,195		4.1	%		0		193,195		0		193,195
Abingworth LLP		193,195		4.1	%		0		193,195		0		193,195
Abingworth Bioventures VI LP		193,195		4.1	%		0		193,195		0		193,195

Includes (i) 192,884 shares of Common Stock held of record by Abingworth Bioventures VI LP and (ii) 311 shares of Common Stock underlying stock options exercisable within 60 days of the date hereof.


CUSIP No. 28202V108		13D		Page 13 of 15 pages

The Carlyle Group Inc., which is a publicly traded entity listed on Nasdaq, is the sole shareholder of Carlyle Holdings I GP Inc., which is the sole member of Carlyle Holdings I GP Sub L.L.C., which is the general partner of Carlyle Holdings I L.P., which, with respect to the securities reported herein, is the managing member of CG Subsidiary Holdings L.L.C., which is the managing member of TC Group, L.L.C., which is the managing member of Carlyle Investment Management, L.L.C., which is the sole member of Carlyle Genesis UK LLC, which is the principal member of Abingworth LLP. Abingworth Bioventures VI LP has delegated to Abingworth LLP all investment and dispositive power over the securities held of record by Abingworth Bioventures VI LP. Accordingly, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by Abingworth Bioventures VI LP, but each disclaims beneficial ownership of such securities.

(c)	During the past 60 days, the Reporting Persons have not effected any transactions with respect to the Common Stock.

(d)

None.

(e)	As of May 9, 2024, the Reporting Persons ceased to be the beneficial owners of more than five percent of the outstanding shares of Common Stock.

Item 7.

Materials to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented as follows:


Exhibit Number		Description

4		Power of Attorney.


CUSIP No. 28202V108		13D		Page 14 of 15 pages

SIGNATURES

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.

Date: May 13, 2024


The Carlyle Group Inc.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Chief Financial Officer

Carlyle Holdings I GP Inc.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Managing Director and Chief Financial Officer

Carlyle Holdings I GP Sub L.L.C.
By: Carlyle Holdings I GP Inc., its sole member

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Managing Director and Chief Financial Officer

Carlyle Holdings I L.P.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Managing Director

CG Subsidiary Holdings L.L.C.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Managing Director

TC Group, L.L.C.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Managing Director


CUSIP No. 28202V108		13D		Page 15 of 15 pages


Carlyle Investment Management L.L.C.

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Chief Financial Officer

Carlyle Genesis UK LLC
By: Carlyle Investment Management L.L.C., its sole member

By:		/s/ Anne Frederick, attorney-in-fact
Name:		John C. Redett
Title:		Chief Financial Officer

Abingworth LLP

By:		/s/ John Heard
Name:		John Heard
Title:		Authorized Signatory

Abingworth Bioventures VI LP

By:		/s/ John Heard
Name:		John Heard
Title:		Authorized Signatory

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

Get the next $EFTR alert in real time by email

Date	Price Target	Rating	Analyst
1/25/2022	$20.00 → $16.00	Outperform	Credit Suisse
1/25/2022	$20.00 → $6.20	Buy → Hold	Stifel
1/25/2022	$33.00 → $8.00	Market Outperform	JMP Securities
11/9/2021	$20.00	Hold → Buy	Stifel
10/12/2021	$20.00	Outperform	Credit Suisse
10/4/2021	$20.00	Buy	Mizuho
9/21/2021	$33.00	Market Outperform	JMP Securities
9/20/2021	$20.00	Hold	Stifel

SEC Form SC 13D/A filed by eFFECTOR Therapeutics Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $EFTR

$EFTR Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13D/A filed by eFFECTOR Therapeutics Inc. (Amendment)

SEC Form SC 13G/A filed by eFFECTOR Therapeutics Inc. (Amendment)

SEC Form SC 13G/A filed by eFFECTOR Therapeutics Inc. (Amendment)

$EFTR Financials

Live finance-specific insights

eFFECTOR Therapeutics Reports Positive Data Updates from Phase 2 Expansion Cohorts Evaluating Zotatifin in Patients with ER+ Metastatic Breast Cancer at the ASCO 2023 Annual Meeting

eFFECTOR Therapeutics Reports First Quarter 2023 Financial Results and Provides Corporate Update

eFFECTOR to Present Updated Clinical Data from Phase 2 Expansion Cohorts for Zotatifin in Patients with ER+ Metastatic Breast Cancer at ASCO 2023 Annual Meeting

$EFTR Leadership Updates

Live Leadership Updates

$EFTR Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

eFFECTOR Therapeutics Announces it will Wind Down Operations as it Seeks Strategic Alternatives and Expects to be Delisted from Nasdaq

eFFECTOR Therapeutics Appoints Caroline Loewy to Board of Directors

eFFECTOR Therapeutics Reports Third Quarter 2022 Financial Results and Provides Corporate Update

Credit Suisse reiterated coverage on eFFECTOR Therapeutics with a new price target

eFFECTOR Therapeutics downgraded by Stifel with a new price target

JMP Securities reiterated coverage on eFFECTOR Therapeutics with a new price target

$EFTR Press Releases

Fastest customizable press release news feed in the world

eFFECTOR Therapeutics Announces it will Wind Down Operations as it Seeks Strategic Alternatives and Expects to be Delisted from Nasdaq

eFFECTOR Therapeutics to Collaborate with the Dana-Farber Cancer Institute on an Investigator-Sponsored Phase 2 Clinical Trial Evaluating Zotatifin as Combination Treatment in ER+ Endometrial Cancer and in Low Grade Serous Ovarian Cancer

eFFECTOR Therapeutics Reports First Quarter 2024 Financial Results and Provides Corporate Update

$EFTR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 4 filed by Director Loewy Caroline M

SEC Form 4 filed by Director Klencke Barbara

SEC Form 4 filed by Director Ehrlich Christopher B

$EFTR Market Insights

Live Market Insights

$EFTR SEC Filings

eFFECTOR Therapeutics Declared in Default on $75M Oxford Finance Loan

Dow Jumps 300 Points; Alimera Sciences Shares Spike Higher

Why eFFECTOR Therapeutics (EFTR) Shares Are Down Over 70%

SEC Form EFFECT filed by eFFECTOR Therapeutics Inc.

SEC Form EFFECT filed by eFFECTOR Therapeutics Inc.

SEC Form EFFECT filed by eFFECTOR Therapeutics Inc.

Recent Analyst Ratings for
$EFTR

$EFTR
Large Ownership Changes

$EFTR
Financials

$EFTR
Leadership Updates

$EFTR
Analyst Ratings

$EFTR
Press Releases

$EFTR
Insider Trading

$EFTR
Market Insights

$EFTR
SEC Filings