Filing Details

                                   

Evofem Biosciences, Inc.

Common Stock, $0.0001 par value per share

30048L104

Nancy Tomassone Invesco Ltd. 1555 Peachtree Street, N.E., Suite 1800 Atlanta, Georgia 30309 Telephone number:  (404) 892-0896

May 22, 2018

(1) Includes 2,127,659 warrants beneficially owned by the Reporting Person that may be exercised at any time for 425,531 shares of the Issuer's common stock.

This Amendment No. 1 (this "Amendment No. 1") amends and supplements the statement on Schedule 13D originally filed on January 18, 2018 (the "Schedule 13D," and, together with this Amendment No. 1, this "Statement"). Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the Schedule 13D.

Item 1.  Security and Issuer.

This Amendment No. 1 relates to the common stock, par value $0.0001 per share (the "Common Stock"), of Evofem Biosciences, Inc., a Delaware corporation, formerly known as Neothetics, Inc. (the "Issuer" or the "Company").  The address of the principal executive office of the Issuer is 9171 Towne Centre Drive, Suite 250, San Diego, CA 92122.

Item 3.  Source and Amount of Funds or Other Consideration.

The information set forth in Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following information thereto:

This Amendment No. 1 reflects a decrease in beneficial ownership of Common Stock owned by certain funds and accounts advised by Invesco Asset Management Limited based on 26,263,340 shares of Common Stock reported to be outstanding by the Issuer on May 24, 2018. The decrease was caused by the closing of an underwritten public offering (the "Offering") by the Issuer of 8,500,000 shares of Common Stock and pre-funded warrants to purchase one share of Common Stock (the "Pre-Funded Warrants") and 8,500 warrants to purchase one-fifth of a share of Common Stock (the "Warrants") that accompanied each share of Common Stock and Pre-Funded Warrant sold in the Offering. The Offering closed on May 24, 2018. The Reporting person or its subsidiaries purchased 2,127,659 shares of Common Stock in the Offering at a price of $4.69 per share and 2,127,659 Warrants at a price of $0.01 per Warrant. The Warrants may be exercised at any time at an exercise price of $7.50 per share of Common Stock.

The purchase of the Common Stock and the Warrants by the Reporting Person or its subsidiaries was funded by funds or accounts managed by the Reporting Person or its subsidiaries.

Item 4.  Purpose of Transaction.

The information set forth in Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information thereto:.

The Reporting Person or its subsidiaries acquired the Common Stock and the Warrants in the Offering for investment purposes.

The Reporting Person and its subsidiaries have no present plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.  The Reporting Person and its subsidiaries intend to review the investment in the Issuer on a continuing basis and may engage in communications with other shareholders of the Issuer, knowledgeable industry or market observers, members of the Issuer's board of directors or management of the Issuer or other representatives of the Issuer, or other persons, regarding the Issuer, including but not limited to its operations, strategy, management, capital structure and the strategic alternatives that may be available to the Issuer.  Such discussions may concern ideas or proposals that, if effected, may result in one or more of the events described in Item 4 of Schedule 13D.

Notwithstanding anything contained herein, the Reporting Person and its subsidiaries specifically reserve the right to change their intentions with respect to any or all of the matters referred to in this Statement.

Item 5.  Interest in Securities of the Issuer.

The information set forth in Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following information thereto:

The information set forth on the cover pages of this Amendment No. 1 and Item 3 are incorporated herein by reference.

The purchases identified in Item 3 were made by Invesco Asset Management Limited on behalf of funds or accounts advised by it. As of the date of this Amendment No. 1, the funds and accounts that owned Common Stock and Warrants and the amounts held, directly or indirectly, are as follows: Invesco Perpetual High Income Fund (5,121,351 shares of Common Stock and 1,601,985 Warrants) and Invesco Perpetual Income Fund (4,043,806 shares of Common Stock and 525,674 Warrants).

The Reporting Person disclaims beneficial ownership of the securities referred to in this Statement, and the filing of this Statement will not be construed as an admission that the Reporting Person is, for the purpose of Schedule 13D or 13G of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Statement.

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 25, 2018