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Pulmatrix, Inc. — Major Shareholding Notification 2020
Feb 11, 2020
35037_mrq_2020-02-11_a21c2507-62ca-4e4b-86b0-ec8b710b169b.zip
Major Shareholding Notification
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SC 13G 1 sc13g10022pul_02112020.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ) 1
| Pulmatrix, Inc. |
|---|
| (Name of Issuer) |
| Common Stock, par value $0.0001 per share |
|---|
| (Title of Class of Securities) |
| 74584P202 |
|---|
| (CUSIP Number) |
| December 31, 2019 |
|---|
| (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)
☐ Rule 13d-1(d)
Field: Rule-Page
Field: /Rule-Page
1 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 ).
Field: Page; Sequence: 1
CUSIP No. 74584P202
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| NAME OF REPORTING PERSON | ||
|---|---|---|
| Bigger Capital Fund, LP | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.6% | ||
| 12 | TYPE OF REPORTING PERSON | |
| PN |
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2
CUSIP No. 74584P202
Field: /Page
| NAME OF REPORTING PERSON | ||
|---|---|---|
| Bigger Capital Fund GP, LLC | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 335,037 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.6% | ||
| 12 | TYPE OF REPORTING PERSON | |
| OO |
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3
CUSIP No. 74584P202
Field: /Page
| NAME OF REPORTING PERSON | ||
|---|---|---|
| District 2 Capital Fund LP | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.5% | ||
| 12 | TYPE OF REPORTING PERSON | |
| PN |
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4
CUSIP No. 74584P202
Field: /Page
| NAME OF REPORTING PERSON | ||
|---|---|---|
| District 2 Capital LP | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.5% | ||
| 12 | TYPE OF REPORTING PERSON | |
| PN |
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5
CUSIP No. 74584P202
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| NAME OF REPORTING PERSON | ||
|---|---|---|
| District 2 GP LLC | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.5% | ||
| 12 | TYPE OF REPORTING PERSON | |
| OO |
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6
CUSIP No. 74584P202
Field: /Page
| NAME OF REPORTING PERSON | ||
|---|---|---|
| District 2 Holdings LLC | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Delaware | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 295,791 shares of Common Stock issuable upon exercise of Warrants (See Item 4) | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 1.5% | ||
| 12 | TYPE OF REPORTING PERSON | |
| OO |
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7
CUSIP No. 74584P202
Field: /Page
| NAME OF REPORTING PERSON | ||
|---|---|---|
| Michael Bigger | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ |
| (b) ☐ | ||
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| USA | ||
| NUMBER OF | 5 | SOLE VOTING POWER |
| SHARES | ||
| BENEFICIALLY | 0 | |
| OWNED BY | 6 | SHARED VOTING POWER |
| EACH | ||
| REPORTING | 630,828 shares of Common Stock issuable upon exercise of Warrants (See Item 4)* | |
| PERSON WITH | 7 | SOLE DISPOSITIVE POWER |
| 0 | ||
| 8 | SHARED DISPOSITIVE POWER | |
| 630,828 shares of Common Stock issuable upon exercise of Warrants (See Item 4)* | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| 630,828 shares of Common Stock issuable upon exercise of Warrants (See Item 4)* | ||
| 10 | CHECK BOX IF THE | |
| AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
| 3.1% | ||
| 12 | TYPE OF REPORTING PERSON | |
| IN |
- Consists of 335,037 shares of Common Stock issuable upon exercise of Warrants owned by Bigger Capital and 295,791 shares of Common Stock issuable upon exercise of Warrants owned by District 2 CF.
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8
CUSIP No. 74584P202
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Item 1(a). Name of Issuer:
Pulmatrix, Inc., a Delaware corporation (the “Issuer”).
Item 1(b). Address of Issuer’s Principal Executive Offices:
99 Hayden Avenue
Suite 390
Lexington, MA 02421
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office or, if None, Residence
Item 2(c). Citizenship
Bigger Capital Fund, LP (“Bigger Capital”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
Bigger Capital Fund GP, LLC (“Bigger GP”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Capital Fund LP (“District 2 CF”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Capital LP (“District 2”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 GP LLC (“District 2 GP”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Holdings LLC (“District 2 Holdings”)
175 W Carver Street
Huntington, NY 11743
Citizenship: Delaware
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CUSIP No. 74584P202
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Michael Bigger
175 W Carver Street
Huntington, NY 11743
Citizenship: USA
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
Item 2(d). Title of Class of Securities:
Common Stock, $0.0001 par value (the “Common Stock”).
Item 2(e). CUSIP Number:
74584P202
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:
| /x/ | Not applicable. | |
|---|---|---|
| (a) | / / | Broker or dealer registered under Section 15 of the Exchange Act. |
| (b) | / / | Bank as defined in Section 3(a)(6) of the Exchange Act. |
| (c) | / / | Insurance company as defined in Section 3(a)(19) of the Exchange Act. |
| (d) | / / | Investment company registered under Section 8 of the Investment Company Act. |
| (e) | / / | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). |
| (f) | / / | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). |
| (g) | / / | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). |
| (h) | / / | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
| (i) | / / | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. |
| (j) | / / | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J). |
| (k) | / / | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). |
| If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
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CUSIP No. 74584P202
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Item 4. Ownership
(a) Amount beneficially owned:
As of December 31, 2019, Bigger Capital beneficially owned 335,037 shares of Common Stock, currently issuable upon the exercise of Warrants.
Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the 335,037 shares of Common Stock issuable upon exercise of Warrants beneficially owned by Bigger Capital.
As of December 31, 2019, District 2 CF beneficially owned 295,791 shares of Common Stock issuable upon the exercise of Warrants.
District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the 295,791 shares of Common Stock issuable upon exercise of the Warrants beneficially owned by District 2 CF.
District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the 295,791 shares of Common Stock issuable upon exercise of the Warrants beneficially owned by District 2 CF.
District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the 295,791 shares of Common Stock issuable upon exercise of the Warrants beneficially owned by District 2 CF.
Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the (i) 335,037 shares of Common Stock beneficially owned by Bigger Capital, and (ii) 295,791 shares of Common Stock issuable upon exercise of Warrants owned by District 2 CF.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF, and the filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
(b) Percent of class:
The following percentages are based on 19,994,560 shares of Common Stock outstanding as of October 31, 2019, as reported in the Company’s Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on November 1, 2019 and assumes the exercise of the Warrants beneficially held by the Reporting Persons.
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CUSIP No. 74584P202
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As of December 31, 2019, (i) each of Bigger Capital and Bigger GP may be deemed to beneficially own approximately 1.6% of the outstanding shares of Common Stock, (ii) each of District 2 CF, District 2, District 2 GP and District 2 Holdings may be deemed to beneficially own approximately 1.5% of the outstanding shares of Common Stock, and (iii) Mr. Bigger may be deemed to beneficially own approximately 3.1% of the outstanding shares of Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of
See Cover Pages Items 5-9.
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 person has 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.
Bigger GP and Mr. Bigger share voting and dispositive power over the shares of Common Stock beneficially owned by Bigger Capital. District 2, District 2 GP, District 2 Holdings and Mr. Bigger share voting and dispositive power over the shares of Common Stock beneficially owned by District 2 CF.
Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable.
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CUSIP No. 74584P202
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Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certifications.
By signing below each of the undersigned certifies that, to the best of 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.
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CUSIP No. 74584P202
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: February 11, 2020
| Bigger Capital Fund, LP — By: | Bigger Capital Fund GP, LLC, its general partner | Bigger Capital Fund GP, LLC — By: | /s/ Michael Bigger |
|---|---|---|---|
| Michael Bigger | |||
| By: | /s/ Michael Bigger | Managing Member | |
| Michael Bigger | |||
| Managing Member | |||
| District 2 Capital LP | |||
| District 2 Capital Fund LP | By: | /s/ Michael Bigger | |
| Michael Bigger | |||
| By: | District 2 GP LLC, its general partner | Managing Member | |
| By: | /s/ Michael Bigger | ||
| Michael Bigger | District 2 Holdings LLC | ||
| Managing Member | |||
| By: | /s/ Michael Bigger | ||
| Michael Bigger | |||
| District 2 GP LLC | Managing Member | ||
| By: | /s/ Michael Bigger | ||
| Michael Bigger | /s/ Michael Bigger | ||
| Managing Member | Michael Bigger |
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