0001193125-18-104448.txt : 20180402 0001193125-18-104448.hdr.sgml : 20180402 20180402124556 ACCESSION NUMBER: 0001193125-18-104448 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20180402 DATE AS OF CHANGE: 20180402 GROUP MEMBERS: LINDEN ADVISORS LP GROUP MEMBERS: LINDEN GP LLC GROUP MEMBERS: SIU MIN WONG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Tracon Pharmaceuticals, Inc. CENTRAL INDEX KEY: 0001394319 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88629 FILM NUMBER: 18727979 BUSINESS ADDRESS: STREET 1: 4350 LA JOLLA VILLAGE DRIVE STREET 2: SUITE 800 CITY: San Diego STATE: CA ZIP: 92122 BUSINESS PHONE: 858-550-0780 MAIL ADDRESS: STREET 1: 4350 LA JOLLA VILLAGE DRIVE STREET 2: SUITE 800 CITY: San Diego STATE: CA ZIP: 92122 FORMER COMPANY: FORMER CONFORMED NAME: Tracon Pharmaceuticals Inc DATE OF NAME CHANGE: 20070324 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Linden Capital L.P. CENTRAL INDEX KEY: 0001349339 IRS NUMBER: 980430338 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: VICTORIA PLACE, 31 VICTORIA STREET CITY: HAMILTON STATE: D0 ZIP: HM10 BUSINESS PHONE: 441-294-3202 MAIL ADDRESS: STREET 1: VICTORIA PLACE, 31 VICTORIA STREET CITY: HAMILTON STATE: D0 ZIP: HM10 SC 13G 1 d532181dsc13g.htm SC 13G SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(RULE 13d - 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

(Amendment No.    )*

 

 

TRACON Pharmaceuticals, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

89237H100

(CUSIP Number)

March 27, 2018

(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)

 

* 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).

 

 

 

(Continued on the Following Pages)

(Page 1 of 11 Pages)


Page 2 of 11

CUSIP No. 89237H100

 

  1.       

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Linden Capital L.P.

  2.      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

  (a)  ☒        (b)  ☐

  3.      

  SEC USE ONLY

 

  4.      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Bermuda

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  2,842,477

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  2,842,477

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,842,477

10.      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

   9.9%

12.      

  TYPE OF REPORTING PERSON*

 

  PN

 

* SEE INSTRUCTIONS BEFORE FILLING OUT!


Page 3 of 11

CUSIP No. 89237H100

 

  1.       

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Linden Advisors 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

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  2,842,477

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  2,842,477

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,842,477

10.      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

   9.9%

12.      

  TYPE OF REPORTING PERSON*

 

  IA, PN

 

* SEE INSTRUCTIONS BEFORE FILLING OUT!


Page 4 of 11

CUSIP No. 89237H100

 

  1.       

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Linden 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

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  2,842,477

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  2,842,477

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,842,477

10.      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

   9.9%

12.      

  TYPE OF REPORTING PERSON*

 

  HC

 

* SEE INSTRUCTIONS BEFORE FILLING OUT!


Page 5 of 11

CUSIP No. 89237H100

 

  1.       

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Siu Min Wong

  2.      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

  (a)  ☒        (b)  ☐

  3.      

  SEC USE ONLY

 

  4.      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  China and USA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  2,842,477

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  2,842,477

  9.      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,842,477

10.      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

  ☐

11.      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

   9.9%

12.      

  TYPE OF REPORTING PERSON*

 

  IN, HC

 

* SEE INSTRUCTIONS BEFORE FILLING OUT!


Page 6 of 11

 

ITEM 1(a). Name of Issuer:

TRACON Pharmaceuticals, Inc. (the “Issuer”).

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

4350 La Jolla Village Drive, Suite 800

San Diego, CA 92122

 

Item 2(a). Name of Persons Filing:

The names of the persons filing this statement on Schedule 13G are: Linden Capital L.P., a Bermuda limited partnership (“Linden Capital”), Linden Advisors LP, a Delaware limited partnership (“Linden Advisors”), Linden GP LLC, a Delaware limited liability company (“Linden GP”), and Siu Min (Joe) Wong (“Mr. Wong,” and collectively, the “Reporting Persons”). Linden Advisors is the investment manager of Linden Capital, Linden GP is the general partner of Linden Capital, and Mr. Wong is the principal owner and controlling person of Linden Advisors and Linden GP. Therefore, Linden Advisors, Linden GP and Mr. Wong may each be deemed to beneficially own the Common Shares (as defined below) owned by Linden Capital.

 

Item 2(b). Address of Principal Business Office or, if None, Residence:

The principal business address for Linden Capital is Victoria Place, 31 Victoria Street, Hamilton HM10, Bermuda.

The principal business address for each of Linden Advisors, Linden GP and Mr. Wong is 590 Madison Avenue, 15th Floor, New York, New York 10022.

 

Item 2(c). Citizenship:

Linden Capital is a Bermuda limited partnership.

Linden Advisors is a Delaware limited partnership.

Linden GP is a Delaware limited liability company.

Mr. Wong is a citizen of China and the United States.

 

Item 2(d). Title of Class of Securities

Common Stock, $0.001 par value (the “Common Shares”).

 

Item 2(e). CUSIP Number: 89237H100

 

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: 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 defined in Section 3(a)(19) of the Exchange Act.


Page 7 of 11

 

            (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)         ☐    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:

The Reporting Persons collectively beneficially own 2,842,477 Common Shares.

 

  (b) Percent of class:

The Reporting Persons have beneficial ownership of Common Shares constituting 9.9% of the outstanding Common Shares.

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote

Not applicable.

 

  (ii) Shared power to vote or to direct the vote

Linden Capital, Linden Advisors, Linden GP and Mr. Wong have shared power to vote or direct the vote of the 2,842,477 Common Shares beneficially owned by Linden Capital.

 

  (iii) Sole power to dispose or to direct the disposition of

Not applicable.

 

  (iv) Shared power to dispose or to direct the disposition of:

Linden Capital, Linden Advisors, Linden GP and Mr. Wong have shared power to dispose or direct the disposition of the 2,842,477 Common Shares beneficially owned by Linden Capital.


Page 8 of 11

 

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 ☐.

 

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.

See Exhibit B attached hereto.

 

Item 9. Notice of Dissolution of Group.

Not applicable.

 

Item 10. Certification.

By signing below, 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, other than activities solely in connection with a nomination under Sec. 240.14a-11.


Page 9 of 11

 

SIGNATURES

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

Dated: March 29, 2018

 

LINDEN CAPITAL L.P.
By:   Linden GP LLC, its general partner
  By:   

/S/ Saul Ahn

    Saul Ahn,
    Authorized Signatory
LINDEN ADVISORS LP
By:  

/S/ Saul Ahn

  Saul Ahn,
  General Counsel
LINDEN GP LLC
By:  

/S/ Saul Ahn

  Saul Ahn,
  Authorized Signatory

/S/ Siu Min Wong

SIU MIN WONG

 

EX-99.1 2 d532181dex991.htm EX-A EX-A

Page 10 of 11

 

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Shares of TRACON Pharmaceuticals, Inc. dated March 27, 2018 is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: March 29, 2018

 

LINDEN CAPITAL L.P.
By: Linden GP LLC, its general partner
  By:   

/S/ Saul Ahn

    Saul Ahn,
    Authorized Signatory
LINDEN ADVISORS LP
By:  

/S/ Saul Ahn

  Saul Ahn,
  General Counsel
LINDEN GP LLC
By:  

/S/ Saul Ahn

  Saul Ahn,
  Authorized Signatory

/S/ Siu Min Wong

     SIU MIN WONG
EX-99.2 3 d532181dex992.htm EX-B EX-B

Page 11 of 11

 

EXHIBIT B

IDENTIFICATION OF MEMBERS OF THE GROUP

Linden Capital L.P.

Linden Advisors LP

Linden GP LLC

Siu Min Wong