Filing Details
- Accession Number:
- 0001104659-24-002599
- Form Type:
- 13D Filing
- Publication Date:
- 2024-01-08 19:00:00
- Filed By:
- Highcape Capital, L.p.
- Company:
- Elutia Inc.
- Filing Date:
- 2024-01-09
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| HighCape Capital | 0 | 48,931 | 0 | 48,931 | 48,931 | 0.3% |
| HighCape Partners | 0 | 53,818 | 0 | 53,818 | 53,818 | 0.3% |
| HighCape Partners QP | 0 | 4,001,428 | 0 | 4,001,428 | 4,001,428 | 21.2% |
| HighCape Partners GP | 0 | 4,813,673 | 0 | 4,813,673 | 4,813,673 | 25.5% |
| HighCape Partners GP | 0 | 4,813,673 | 0 | 4,813,673 | 4,813,673 | 25.5% |
| HighCape Co-Investment Vehicle I | 0 | 499,145 | 0 | 499,145 | 499,145 | 2.6% |
| HighCape Co-Investment Vehicle II | 0 | 259,282 | 0 | 259,282 | 259,282 | 1.4% |
| HighCape Capital | 0 | 48,931 | 0 | 48,931 | 48,931 | 0.3% |
| HighCape Partners II | 0 | 86,613 | 0 | 86,613 | 86,613 | 0.5% |
| HighCape Partners QP II | 0 | 4,151,015 | 0 | 4,151,015 | 4,151,015 | 22.0% |
| HighCape Partners GP II | 0 | 4,237,628 | 0 | 4,237,628 | 4,237,628 | 22.4% |
| HighCape Partners GP II | 0 | 4,237,628 | 0 | 4,237,628 | 4,237,628 | 22.4% |
| Elutia PIPE Investment | 0 | 0 | 0 | 0 | 0 | 0.0% |
| W. Matthew Zuga | 0 | 9,100,232 | 0 | 9,100,232 | 9,100,232 | 48.2% |
| Kevin Rakin | 90,807 | 9,100,232 | 90,807 | 9,100,232 | 9,191,039 | 48.7% |
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Amendment No. 3)*
Elutia Inc. |
| (Name of Issuer) |
| (Title of Class of Securities) |
| (CUSIP Number) 36 Church Lane Westport, CT 06880 (646) 793-3510 |
| (Name, Address and Telephone Number of Person |
| (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. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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).
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Capital, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
48,931 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
48,931 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,931 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 1 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
53,818 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
53,818 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,818 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 2 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners QP, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,001,428 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,001,428 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,001,428 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.2% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 3 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners GP, LLC |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,813,673 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,813,673 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,813,673 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.5% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
OO (Limited Liability Company) |
| 4 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners GP, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,813,673 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,813,673 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,813,673 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.5% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 5 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Co-Investment Vehicle I, LLC |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
499,145 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
499,145 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,145 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
OO (Limited Liability Company) |
| 6 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Co-Investment Vehicle II, LLC |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
259,282 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
259,282 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,282 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
OO (Limited Liability Company) |
| 7 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Capital, LLC |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
48,931 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
48,931 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,931 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
OO (Limited Liability Company) |
| 8 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners II, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
86,613(1) | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
86,613(1) |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,613(1) |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| (1) | Includes: (a) 43,659 shares of Class A Common Stock directly owned, and (b) 42,954 shares of Class A Common Stock issuable upon exercise of Common Warrants purchased pursuant to that certain Securities Purchase Agreement, dated September 21, 2023. |
| 9 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners QP II, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,151,015(1) | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,151,015(1) |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,151,015(1) |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.0% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| (1) | Includes:(a) 2,092,392 shares of Class A Common Stock directly owned, and (b) 2,058,623 shares of Class A Common Stock issuable upon exercise of Common Warrants purchased pursuant to that certain Securities Purchase Agreement, dated September 21, 2023. |
| 10 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners GP II, L.P. |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,237,628 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,237,628 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,237,628 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.4% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 11 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HighCape Partners GP II, LLC |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
4,237,628 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
4,237,628 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,237,628 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.4% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
OO (Limited Liability Company) |
| 12 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elutia PIPE Investment, LP |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ |
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware, United States of America |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER
0 |
| 8. | SHARED VOTING POWER
0 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
0 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
PN |
| 13 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
W. Matthew Zuga |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS 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
9,100,232 | |
| 9. | SOLE DISPOSITIVE POWER
0 | |
| 10. | SHARED DISPOSITIVE POWER
9,100,232 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,100,232 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.2% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
IN |
| 14 |
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kevin Rakin |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ |
| 3. | SEC USE ONLY |
| 4. | SOURCE OF FUNDS (see instructions)
OO |
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS 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
90,807 |
| 8. | SHARED VOTING POWER
9,100,232 | |
| 9. | SOLE DISPOSITIVE POWER
90,807 | |
| 10. | SHARED DISPOSITIVE POWER
9,100,232 |
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,191,039 |
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ¨ |
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.7% |
| 14. | TYPE OF REPORTING PERSON (see instructions)
IN |
| 15 |
EXPLANATORY NOTES
This Amendment No. 3 to Schedule 13D (this “Amendment No. 3”) amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on December 8, 2021 (as amended, the “Schedule 13D”), relating to the shares of Class A Common Stock, par value $0.001 per share (the “Class A Common Stock”) of Elutia Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
| Item 2. | Identity and Background. |
Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:
The Schedule 13D is being filed by the following persons (each a “Reporting Person” and collectively, the “Reporting Persons”):
| HighCape Capital, L.P. | |
| HighCape Partners, L.P. | |
| HighCape Partners QP, L.P. | |
| HighCape Partners GP, LLC | |
| HighCape Partners GP, L.P. | |
| HighCape Co-Investment Vehicle I, LLC | |
| HighCape Co-Investment Vehicle II, LLC | |
| HighCape Capital, LLC | |
| HighCape Partners II, L.P. | |
| HighCape Partners QP II, L.P. | |
| HighCape Partners GP II, L.P. | |
| HighCape Partners GP II, LLC | |
| Elutia PIPE Investment, LP | |
| W. Matthew Zuga | |
| Kevin Rakin |
Each of the Reporting Persons, except for Messrs. Zuga and Rakin, is organized under the laws of the State of Delaware. Each of Messrs. Zuga and Rakin is a citizen of the United States. The principal business address of the Reporting Persons is 36 Church Lane, Westport, CT 06880. The Reporting Persons are principally engaged in the business of managing their investments in the securities of the Issuer.
During the last five years, none of the Reporting Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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.
Item 4. Purpose of the Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented by inserting the following information at the end of Item 4:
On December 28, 2023, as part of a pro rata distribution, Elutia PIPE Investment LP distributed its 1,436,077 shares of Class A Common Stock and Warrants to acquire 2,154,116 shares of Class A Common Stock to its limited partners for no consideration.
| 16 |
General
The Reporting Persons acquired the securities described in this Amendment No. 3 for investment purposes and intend to review the investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Persons’ review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer’s business, financial condition, operations and prospects; price levels of the Issuer’s securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments.
The Reporting Persons, subject to certain provisions of the law, may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. In addition, the Reporting Persons may engage in discussions with management, the board of directors, and stockholders of the Issuer and other relevant parties or encourage, cause or seek to cause the Issuer or such persons to consider or explore extraordinary corporate transactions, such as: a merger, reorganization or take-private transaction that could result in the de-listing or de-registration of the Class A Common Stock; sales or acquisitions of assets or businesses; changes to the capitalization or dividend policy of the Issuer; or other material changes to the Issuer’s business or corporate structure, including changes in management or the composition of the board of directors.
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 Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A 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, based on 18,884,146 shares of Class A Common Stock outstanding as of September 30, 2023, as set forth in the Issuer’s most recent Form 10-Q, filed November 14, 2023.
| Shared | Sole power | Shared | ||||||||||||||||||||||
| Sole power | power to | to dispose | power to | |||||||||||||||||||||
| Amount | to vote or | vote or to | or to direct | dispose or to | ||||||||||||||||||||
| beneficially | Percent | to direct | direct the | the | direct the | |||||||||||||||||||
| Reporting Person | owned | of class | the vote | vote | disposition | disposition | ||||||||||||||||||
| HighCape Capital, L.P. | 48,931 | 0.3 | % | 0 | 48,931 | 0 | 48,931 | |||||||||||||||||
| HighCape Partners, L.P. | 53,818 | 0.3 | % | 0 | 53,818 | 0 | 53,818 | |||||||||||||||||
| HighCape Partners QP, L.P. | 4,001,428 | 21.2 | % | 0 | 4,001,428 | 0 | 4,001,428 | |||||||||||||||||
| HighCape Partners GP, LLC | 4,813,673 | 25.5 | % | 0 | 4,813,673 | 0 | 4,813,673 | |||||||||||||||||
| HighCape Partners GP, L.P. | 4,813,673 | 25.5 | % | 0 | 4,813,673 | 0 | 4,813,673 | |||||||||||||||||
| HighCape Co-Investment Vehicle I, LLC | 499,145 | 2.6 | % | 0 | 499,145 | 0 | 499,145 | |||||||||||||||||
| HighCape Co-Investment Vehicle II, LLC | 259,282 | 1.4 | % | 0 | 259,282 | 0 | 259,282 | |||||||||||||||||
| HighCape Capital, LLC | 48,931 | 0.3 | % | 0 | 48,931 | 0 | 48,931 | |||||||||||||||||
| HighCape Partners II, L.P. | 86,613 | 0.5 | % | 0 | 86,613 | 0 | 86,613 | |||||||||||||||||
| HighCape Partners QP II, L.P. | 4,151,015 | 22.0 | % | 0 | 4,151,015 | 0 | 4,151,015 | |||||||||||||||||
| HighCape Partners GP II, L.P. | 4,237,628 | 22.4 | % | 0 | 4,237,628 | 0 | 4,237,628 | |||||||||||||||||
| HighCape Partners GP II, LLC | 4,237,628 | 22.4 | % | 0 | 4,237,628 | 0 | 4,237,628 | |||||||||||||||||
| Elutia PIPE Investment, LP | 0 | 0.0 | % | 0 | 0 | 0 | 0 | |||||||||||||||||
| W. Matthew Zuga | 9,100,232 | 48.2 | % | 0 | 9,100,232 | 0 | 9,100,232 | |||||||||||||||||
| Kevin Rakin | 9,191,039 | 48.7 | % | 90,807 | 9,100,232 | 90,807 | 9,100,232 | |||||||||||||||||
| 17 |
Kevin Rakin and W. Matthew Zuga are the managing members of HighCape Partners GP, LLC, which is the general partner of HighCape Partners GP, L.P., which is the general partner of each of HighCape Partners, L.P. and HighCape Partners QP, L.P. In addition, HighCape Partners GP, L.P. manages each of HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC. Messrs. Rakin and Zuga are the managing members of HighCape Capital, LLC, which is the general partner of HighCape Capital, L.P. Messrs. Rakin and Zuga are also the managing members of HighCape Partners GP II, LLC, which is the general partner of HighCape Partners GP II, L.P., which is the general partner of each of HighCape Partners II, L.P., HighCape Partners QP II, L.P., and Elutia PIPE Investment, LP.
Each of Mr. Rakin, Mr. Zuga, HighCape Partners GP, LLC and HighCape Partners GP, L.P. may be deemed to beneficially own the securities held of record by each of HighCape Partners, L.P., HighCape Partners QP, L.P., HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC. Each of Mr. Rakin, Mr. Zuga and HighCape Capital, LLC may be deemed to beneficially own the securities held of record by HighCape Capital, L.P. Each of Mr. Rakin, Mr. Zuga, HighCape Partners GP II, LLC and HighCape Partners GP II, L.P. may be deemed to beneficially own the securities held of record by each of HighCape Partners II, L.P., HighCape Partners QP II, L.P., and Elutia PIPE Investment, LP.
Mr. Rakin may be deemed to beneficially own the securities held of record by the Kevin L. Rakin Irrevocable Trust. Each of the Reporting Persons disclaims beneficial ownership of the securities held by the other Reporting Persons.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The responses to Items 3, 4 and 5 and Exhibits 2 through 3 are hereby incorporated herein.
| 18 |
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: January 9, 2024
| HIGHCAPE CAPITAL, L.P. | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS, L.P. | ||
| By: | HighCape Partners GP, L.P., its general partner | |
| By: | HighCape Partners GP, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS QP, L.P. | ||
| By: | HighCape Partners GP, L.P., its general partner | |
| By: | HighCape Partners GP, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS GP, LLC | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| 19 |
| HIGHCAPE PARTNERS GP, L.P. | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE CO-INVESTMENT VEHICLE I, LLC | ||
| By: | HighCape Partners GP, L.P., its general partner | |
| By: | HighCape Partners GP, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE CO-INVESTMENT VEHICLE II, LLC | ||
| By: | HighCape Partners GP, L.P., its general partner | |
| By: | HighCape Partners GP, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE CAPITAL, LLC | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS II, L.P. | ||
| By: | HighCape Partners GP II, L.P., its general partner | |
| By: | HighCape Partners GP II, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| 20 |
| HIGHCAPE PARTNERS QP II, L.P. | ||
| By: | HighCape Partners GP II, L.P., its general partner | |
| By: | HighCape Partners GP II, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS GP II, L.P. | ||
| By: | HighCape Partners GP II, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| HIGHCAPE PARTNERS GP II, LLC | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| ELUTIA PIPE INVESTMENT, LP | ||
| By: | HighCape Partners GP II, L.P., its general partner | |
| By: | HighCape Partners GP II, LLC, its general partner | |
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| Title: Managing Member | ||
| By: | /s/ W. Matthew Zuga | |
| Name: W. Matthew Zuga | ||
| By: | /s/ Kevin Rakin | |
| Name: Kevin Rakin | ||
| 21 |