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biote Corp. Major Shareholding Notification 2022

Oct 12, 2022

33946_mrq_2022-10-12_f1a50554-05db-4870-9aef-e122c9c768dc.zip

Major Shareholding Notification

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SC 13G 1 for_sc13g-biote.htm Licensed to: Akin Gump Strauss Hauer & Feld Document created using EDGARfilings PROfile 8.4.0.0 Copyright 1995 - 2022 Broadridge

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
biote Corp.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
090683103
(CUSIP Number)
October 6, 2022
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G 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 (" 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. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR Master Fund Ltd
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
397,884 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
397,884 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
397,884 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
(1) Includes 397,884 shares of Class A Common Stock of biote Corp. (the “Issuer”) issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on August 15,
2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR CCSA Master Fund Ltd
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
397,884 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
397,884 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
397,884 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
(1) Includes 397,884 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR Partners LLP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN, IA
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR Partners Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO, IA
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR Partners LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO, IA
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
LMR Partners AG
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO, IA
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
Ben Levine
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
CUSIP No. 090683103 — 1 NAMES OF REPORTING PERSONS
Stefan Renold
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
795,768 (1)
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
795,768 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
795,768 (1)
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)(2)
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
(1) Includes 795,768 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.
(2) Based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on August 15, 2022.
Item 1(a).
The name of the issuer is biote Corp. (the "Issuer").
Item 1(b).
The Issuer's principal executive offices are located at 1875 W. Walnut Hill Ln #100, Irving, TX 75038.

Item 2(a). NAME OF PERSON FILING:

This statement is filed by:
(i) LMR Master Fund Ltd ("LMR Master Fund"), with respect to the shares of Class A Common Stock (as defined in Item 2(d)) issuable upon the exercise of warrants held by it;
(ii) LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"), with respect to the shares of Class A Common Stock (as defined in Item 2(d)) issuable upon the exercise of warrants held by it;
(iii) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC and LMR Partners AG (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds, including, without limitation,
LMR Master Fund and LMR CCSA Master Fund, with respect to the shares of Class A Common Stock issuable upon the exercise of warrants held by LMR Master Fund and LMR CCSA Master Fund; and
(iv) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by LMR Master Fund and LMR CCSA Master Fund.

The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."

Item 2(b).
The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.
Item 2(c).
LMR Master Fund is a Cayman Islands exempted company. LMR CCSA Master Fund is a Cayman Islands exempted company. LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong
Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.
Item 2(d).
Class A Common Stock, par value $0.0001 per share ("Class A Common Stock").
Item 2(e).
090683103
Item 3.
Not applicable
Item 4. OWNERSHIP.
The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Each of LMR Master Fund and LMR CCSA Master Fund directly holds warrants to purchase 397,884 shares of Class A Common Stock. The shares of Class A Common Stock issuable upon exercise of the warrants held by each of
LMR Master Fund and LMR CCSA Master Fund represent approximately 4.2% and the shares of Class A Common Stock issuable upon exercise of the warrants held by LMR Master Fund and LMR CCSA Master Fund in the aggregate represent approximately 8.0%
of the outstanding shares of Class A Common Stock, based on 9,186,771 shares of Class A Common Stock of the Issuer outstanding as of August 12, 2022, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on
August 15, 2022, plus shares that may be acquired by such Reporting Persons within 60 days.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
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.
Not applicable.
Item 8.
Not applicable.
Item 9.
Not applicable.

ITEM 10. CERTIFICATION.

Each of the Reporting Persons hereby makes the following certification:
By signing below each Reporting Person certifies that, to the best of his or its 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.

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATED: October 12, 2022

LMR MASTER FUND LTD

By: LMR Partners LLP, its Investment Manager

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR CCSA MASTER FUND LTD

By: LMR Partners LLP, its Investment Manager

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LLP

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LIMITED

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LLC

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS AG

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

/s/ Ben Levine

BEN LEVINE

/s/ Stefan Renold

STEFAN RENOLD

EXHIBIT 99.1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

DATED: October 12, 2022

LMR MASTER FUND LTD

By: LMR Partners LLP, its Investment Manager

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR CCSA MASTER FUND LTD

By: LMR Partners LLP, its Investment Manager

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LLP

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LIMITED

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS LLC

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

LMR PARTNERS AG

By: /s/ Shane Cullinane

Name: Shane Cullinane

Title: Chief Operating Officer

/s/ Ben Levine

BEN LEVINE

/s/ Stefan Renold

STEFAN RENOLD