Galecto, Inc. — Major Shareholding Notification 2022

Feb 11, 2022

SC 13G/A 1 tm226019d2_sc13ga.htm SCHEDULE 13G/A

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. 1)*

Galecto, Inc.

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

36322Q107

(CUSIP Number)

December 31, 2021

(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)
x	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 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).

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| 1. | Name
of Reporting Persons: HBM Healthcare Investments (Cayman) 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, British West Indies | |

| Number
of Shares Beneficially Owned by Each Reporting Person With | Sole
Voting Power: 0 |
| --- | --- |
| 6. | Shared
Voting Power: 0 |
| 7. | Sole
Dispositive Power: 0 |
| 8. | Shared
Dispositive Power: 0 |

| 9. | Aggregate
Amount Beneficially Owned by Each Reporting Person: 0 |
| --- | --- |
| 10. | Check
Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent
of Class Represented by Amount in Row (9): 0% |
| 12. | Type
of Reporting Person (See Instructions): CO |

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| Item
1. | Name
of Issuer: Galecto, Inc. |
| --- | --- |
| (b). | Address of Issuer’s Principal Executive Offices: Ole Maaloes Vej 3 DK-2200 Copenhagen N Denmark |
| Item
2(a). | Name of Person Filing: HBM Healthcare Investments (Cayman) Ltd. |
| Item
2(b). | Address of Principal Business Office: Governors Square 23 Lime Tree Bay Avenue PO Box 30852 Grand Cayman, Cayman Islands |
| Item
2(c). | Citizenship: Cayman Islands, British West Indies |

Item 2(d). Title of Class of Securities: Common Stock, par value $0.00001

| Item
2(e). — Item
3. | If this statement
is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | CUSIP
Number: 36322Q107 | |
| --- | --- | --- | --- |
| | Not
Applicable. | | |
| Item 4. | Ownership. | | |
| | (a) | Amount beneficially owned: 0 (1) | |
| | (b) | Percent of class: 0% | |
| | (c) | Number
of shares as to which the Reporting Person has: | |
| | | (i) | Sole power to vote or to direct the vote: 0 |
| | | (ii) | Shared power to vote or to direct the vote: 0 |
| | | (iii) | Sole power to dispose or to direct the disposition of: 0 |
| | | (iv) | Shared power to dispose or to direct the disposition of: 0 |

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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
owner of more than five percent of the class of securities, check the following: x
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.	Identification and Classification of Members of the Group.
	Not Applicable.
Item 9.	Notice of Dissolution of Group.
	Not Applicable.
Item 10.	Certification.
	Not Applicable.

(1) Voting and investment power over the shares held by HBM Healthcare Investments (Cayman) Ltd. is exercised by the board of directors of HBM Healthcare Investments (Cayman) Ltd. (the “ Board ”). The Board consists of Jean-Marc LeSieur, Richard H. Coles, Sophia Harris, Dr. Andreas Wicki, Mark Kronenfeld, M.D. and Richard Paul Woodhouse, none of whom has individual voting or investment power with respect to the shares.

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SIGNATURES

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: February 11, 2022

HBM HEALTHCARE INVESTMENTS (CAYMAN) LTD.
By:	/s/ Jean-Marc LeSieur
Name:	Jean-Marc LeSieur
Title:	Managing Director

SIGNATURE PAGE TO SCHEDULE 13G AMENDMENT NO. 1 (GALECTO, INC.)

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