SEC Form SC 13G filed by Vincerx Pharma Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
VINCERX PHARMA, INC.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
92731L106
(CUSIP Number)
April 25, 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:
☐ 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, as amended (“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).
Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:
Taylor H. Wilson, Esq.
Haynes and Boone, LLP
2801 N Harwood St, Suite 2300
Dallas, Texas 75201
(214) 651-5000
SCHEDULE 13G
CUSIP No. 92731L106
1 |
Names of reporting persons
Prosight Management, LP | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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
2,497,218 | |||||
7 | Sole dispositive power
0 | |||||
8 | Shared dispositive power
2,497,218 |
9 |
Aggregate amount beneficially owned by each reporting person
2,497,218 | |||||
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
11 | Percent of class represented by amount in Row (9)
9.1% (1) | |||||
12 | Type of reporting person (see instructions)
IA |
(1) | Based on 27,407,510 shares of Common Stock of the Issuer outstanding after the closing of the registered offering of 6,000,000 shares of Common Stock of the Issuer on April 30, 2024, as disclosed in the Issuer’s Prospectus Supplement that was filed by the Issuer with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2024 (the “Prospectus Supplement”). |
SCHEDULE 13G
CUSIP No. 92731L106
1 |
Names of reporting persons
Prosight Fund, LP | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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
213,353 | |||||
7 | Sole dispositive power
0 | |||||
8 | Shared dispositive power
213,353 |
9 |
Aggregate amount beneficially owned by each reporting person
213,353 | |||||
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
11 | Percent of class represented by amount in Row (9)
0.8% (1) | |||||
12 | Type of reporting person (see instructions)
PN |
(1) | Based on 27,407,510 shares of Common Stock of the Issuer outstanding after the closing of the registered offering of 6,000,000 shares of Common Stock of the Issuer on April 30, 2024, as disclosed in the Prospectus Supplement. |
SCHEDULE 13G
CUSIP No. 92731L106
1 |
Names of reporting persons
Prosight Plus Fund, LP | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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
671,248 | |||||
7 | Sole dispositive power
0 | |||||
8 | Shared dispositive power
671,248 |
9 |
Aggregate amount beneficially owned by each reporting person
671,248 | |||||
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
11 | Percent of class represented by amount in Row (9)
2.4% (1) | |||||
12 | Type of reporting person (see instructions)
PN |
(1) | Based on 27,407,510 shares of Common Stock of the Issuer outstanding after the closing of the registered offering of 6,000,000 shares of Common Stock of the Issuer on April 30, 2024, as disclosed in the Prospectus Supplement. |
SCHEDULE 13G
CUSIP No. 92731L106
1 |
Names of reporting persons
Prosight Partners, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (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
2,497,218 | |||||
7 | Sole dispositive power
0 | |||||
8 | Shared dispositive power
2,497,218 |
9 |
Aggregate amount beneficially owned by each reporting person
2,497,218 | |||||
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
11 | Percent of class represented by amount in Row (9)
9.1% (1) | |||||
12 | Type of reporting person (see instructions)
OO |
(1) | Based on 27,407,510 shares of Common Stock of the Issuer outstanding after the closing of the registered offering of 6,000,000 shares of Common Stock of the Issuer on April 30, 2024, as disclosed in the Prospectus Supplement. |
SCHEDULE 13G
CUSIP No. 92731L106
1 |
Names of reporting persons
W. Lawrence Hawkins | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Citizenship or place of organization
United States of America |
Number of shares beneficially owned by each reporting person with: |
5 | Sole voting power
0 | ||||
6 | Shared voting power
2,497,218 | |||||
7 | Sole dispositive power
0 | |||||
8 | Shared dispositive power
2,497,218 |
9 |
Aggregate amount beneficially owned by each reporting person
2,497,218 | |||||
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
☐ | |||||
11 | Percent of class represented by amount in Row (9)
9.1% (1) | |||||
12 | Type of reporting person (see instructions)
IN, HC |
(1) | Based on 27,407,510 shares of Common Stock of the Issuer outstanding after the closing of the registered offering of 6,000,000 shares of Common Stock of the Issuer on April 30, 2024, as disclosed in the Prospectus Supplement. |
Item 1. | |
(a) | Name of issuer: |
Vincerx Pharma, Inc. (the “Issuer”)
(b) | Address of issuer’s principal executive offices: |
260 Sheridan Avenue, Suite 400
Palo Alto, California 94306
Item 2. | |
(a) | Name of person filing: |
This statement is jointly filed by and on behalf of each of Prosight Management, LP, a Delaware limited partnership (“Prosight Management”), Prosight Fund, LP, a Delaware limited partnership (“Prosight Fund”), Prosight Plus Fund, LP, a Delaware limited partnership (“Prosight Plus Fund”), Prosight Partners, LLC, a Delaware limited liability company (“Prosight Partners”), and W. Lawrence Hawkins (collectively referred herein as “Reporting Persons”). Prosight Management is the general partner and investment manager of, and may be deemed to indirectly beneficially own securities owned by, Prosight Fund and Prosight Plus Fund. Prosight Management is a sub-advisor for certain separate managed accounts (collectively, the “Managed Accounts”) and may be deemed to indirectly beneficially own securities owned by the Managed Accounts. Prosight Partners is the general partner of, and may be deemed to beneficially own, securities beneficially owned by Prosight Management. Mr. Hawkins is the sole manager of, and may be deemed to beneficially own securities beneficially owned by, Prosight Partners. Prosight Fund, Prosight Plus Fund, and the Managed Accounts are the record and direct beneficial owner of the shares of Common Stock of the Issuer covered by this statement. Prosight Fund disclaims beneficial ownership of the shares of Common Stock of the Issuer held by each of the Managed Accounts and Prosight Plus Fund. Prosight Plus Fund disclaims beneficial ownership of the shares of Common Stock of the Issuer held by each of the Managed Accounts and Prosight Fund.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purpose of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purpose of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
(b) | Address of principal business office or, if none, residence: |
The address of the principal business office of each of the Reporting Persons is c/o Prosight Management, LP, 5956 Sherry Lane, Suite 1365, Dallas, Texas 75225.
(c) | Citizenship: |
See Item 4 on the cover page(s) hereto.
(d) | Title of class of securities: |
Common Stock, $0.0001 par value per share (“Common Stock”)
(e) | CUSIP No.: |
92731L106
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: |
(a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | ||||
(b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | ||||
(c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | ||||
(d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | ||||
(e) | ☐ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | ||||
(f) | ☐ | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | ||||
(g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | ||||
(h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||||
(i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||||
(j) | ☐ | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); | ||||
(k) | ☐ | Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:______ |
Item 4. | Ownership. |
(a) | Amount beneficially owned: See Item 9 on the cover pages(s) hereto. |
(b) | Percent of class: See Item 11 on the cover page(s) hereto. |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: See Item 5 on the cover pages hereto. |
(ii) | Shared power to vote or to direct the vote: See Item 6 on the cover pages hereto. |
(iii) | Sole power to dispose or to direct the disposition of: See Item 7 on the cover pages hereto. |
(iv) | Shared power to dispose or to direct the disposition of: See Item 8 on the cover pages hereto. |
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 Persons have ceased to be the beneficial owners 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. | Certifications. |
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 that purpose or effect other than activities solely in connection with a nomination under § 240.14a-11.
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: May 3, 2024
PROSIGHT MANAGEMENT, LP | ||
By: | Prosight Partners, LLC | |
Its: | General Partner | |
By: | /s/ W. Lawrence Hawkins | |
Name: | W. Lawrence Hawkins | |
Title: | Sole Manager | |
PROSIGHT FUND, LP | ||
By: | Prosight Management, LP | |
Its: | General Partner | |
By: | Prosight Partners, LLC | |
Its: | General Partner | |
By: | /s/ W. Lawrence Hawkins | |
Name: | W. Lawrence Hawkins | |
Title: | Sole Manager | |
PROSIGHT PLUS FUND, LP | ||
By: | Prosight Management, LP | |
Its: | General Partner | |
By: | Prosight Partners, LLC | |
Its: | General Partner | |
By: | /s/ W. Lawrence Hawkins | |
Name: | W. Lawrence Hawkins | |
Title: | Sole Manager | |
PROSIGHT PARTNERS, LLC | ||
By: | /s/ W. Lawrence Hawkins | |
Name: | W. Lawrence Hawkins | |
Title: | Sole Manager | |
W. LAWRENCE HAWKINS | ||
/s/ W. Lawrence Hawkins |
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
99.1 | Joint Filing Agreement (filed herewith). |