Page 9 of 11 – SEC Filing
| CUSIP No. 30233M 107 | 13D | Page 9 of 11 |
Item 4. Purpose of Transaction.
Item 4 is hereby amended and supplemented as follows:
The Reporting Persons acquired the shares
reported on this schedule (the “Shares”) for investment purposes. Depending on market conditions, its continuing evaluation
of the business and prospects of the Issuer and other factors, the Reporting Persons may dispose of or acquire additional shares
of the Issuer. Except as set forth above, none of the Reporting Persons has any present plans which relate to or would result
in:
| (a) | The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; |
| (b) | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; |
| (c) | A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; |
| (d) | Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
| (e) | Any material change in the present capitalization or dividend policy of the Issuer; |
| (f) | Any other material change in the Issuer’s business or corporate structure; |
| (g) | Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; |
| (h) | Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
| (i) | A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or |
| (j) | Any action similar to any of those enumerated above. |
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and supplemented as follows:
| (a) | The Investment Funds are the record owners of the Shares set forth on each Reporting Person’s respective cover sheet. As the directors of Ventech, Alain Caffi and Jean Bourcereau may be deemed to beneficially own the Shares. |
Each Reporting Person disclaims beneficial ownership
of the Shares other than those shares which such person owns of record.
The percentage of outstanding Common Stock which may
be deemed to be beneficially owned by each Reporting Person is set forth on Line 13 of such Reporting Person’s cover sheet.
Such percentage was calculated based on the 16,274,778 shares of Common Stock outstanding as of June 14, 2017 as reported in the
Issuer’s Prospectus pursuant to Rule 424(b)(4) filed with the SEC on June 12, 2017.
| (b) | Regarding the number of shares as to which such person has: |
(i) sole power to vote or to direct the vote: See
line 7 of the cover sheets.
(ii) shared power to vote or to direct the vote:
See line 8 of the cover sheets.
