Lumira Dx Limited
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(Name of Issuer)
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Common Shares, par value $0.0000028 per share
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(Title of Class of Securities)
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G5709L109
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(CUSIP Number)
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Connie Collingsworth, Esq.
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500 Fifth Avenue North
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Seattle, WA 98109
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(206) 709-3100
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(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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July 25, 2022
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(Date of Event which Requires Filing of this Statement)
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CUSIP No. G5709L109
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Page _2_ of _8_ Pages
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1.
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Names of Reporting Persons
Bill & Melinda Gates Foundation |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐ | ||
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(b)
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☐ | ||
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
WC
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
State of Washington |
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Number of
Shares Beneficially Owned by Each Reporting Person With: |
7.
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Sole Voting Power
-0- |
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8.
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Shared Voting Power
19,859,773 (1) |
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9.
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Sole Dispositive Power
-0- |
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10.
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Shared Dispositive Power
19,859,773 (1) |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
19,859,773 (1) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
15.8%(2) |
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14.
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Type of Reporting Person (See Instructions)
OO |
(1) |
The Bill & Melinda Gates Foundation (the “Foundation”) beneficially owns a total of 19,859,773 Common Shares of LumiraDx Limited (the “Issuer”), which consists of (a) 14,285,714
Common Shares owned directly and (b) 5,574,059 Common Shares issuable upon conversion of A Ordinary Shares, par value $0.0000028 per share (“Ordinary Shares”). For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended,
all Common Shares beneficially owned by the Foundation may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates as Co-Trustees of the Foundation.
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(2) |
The percentage set forth in Row 13 of this Cover Page is based on 125,626,758 Common Shares expected to be issued and outstanding as of July 25, 2022, after the completion of the
Issuer’s underwritten public offering and concurrent private placement, based on the number of Common Shares outstanding on March 31, 2022, as reported in the Issuer’s prospectus on Form 424(b)(4), dated July 20, 2022, and filed with the SEC
on July 21, 2022.
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CUSIP No. G5709L109
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Page _3_ of _8_ Pages
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1.
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Names of Reporting Persons
William H. Gates III |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐ | ||
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(b)
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☐ | ||
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
WC
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
United States of America |
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Number of
Shares Beneficially Owned by Each Reporting Person With: |
7.
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Sole Voting Power
-0- |
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8.
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Shared Voting Power
19,859,773 (1) |
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9.
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Sole Dispositive Power
-0- |
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10.
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Shared Dispositive Power
19,859,773 (1) |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
19,859,773 (1) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
15.8%(2) |
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14.
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Type of Reporting Person (See Instructions)
IN |
(1) |
The Foundation beneficially owns a total of 19,859,773 Common Shares of the Issuer, which consists of (a) 14,285,714 Common Shares owned directly and (b) 5,574,059 Common Shares
issuable upon conversion of Ordinary Shares. For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Common Shares beneficially owned by the Foundation may be deemed to be beneficially owned by William H. Gates
III and Melinda French Gates as Co-Trustees of the Foundation.
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(2) |
The percentage set forth in Row 13 of this Cover Page is based on 125,626,758 Common Shares expected to be issued and outstanding as of July 25, 2022, after the completion of the
Issuer’s underwritten public offering and concurrent private placement, based on the number of Common Shares outstanding on March 31, 2022, as reported in the Issuer’s prospectus on Form 424(b)(4), dated July 20, 2022, and filed with the SEC on
July 21, 2022.
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CUSIP No. G5709L109
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Page _4_ of _8_ Pages
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1.
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Names of Reporting Persons
Melinda French Gates |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐ | ||
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(b)
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☐ | ||
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
WC
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
United States of America |
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Number of
Shares Beneficially Owned by Each Reporting Person With: |
7.
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Sole Voting Power
-0- |
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8.
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Shared Voting Power
19,859,773 (1) |
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9.
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Sole Dispositive Power
-0- |
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10.
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Shared Dispositive Power
19,859,773 (1) |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
19,859,773 (1) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
15.8%(2) |
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14.
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Type of Reporting Person (See Instructions)
IN |
(1) |
The Foundation beneficially owns a total of 19,859,773 Common Shares of the Issuer, which consists of (a) 14,285,714 Common Shares owned directly and (b) 5,574,059 Common Shares
issuable upon conversion of Ordinary Shares. For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Common Shares beneficially owned by the Foundation may be deemed to be beneficially owned by William H. Gates
III and Melinda French Gates as Co-Trustees of the Foundation.
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(2) |
The percentage set forth in Row 13 of this Cover Page is based on 125,626,758 Common Shares expected to be issued and outstanding as of July 25, 2022, after the completion of the
Issuer’s underwritten public offering and concurrent private placement, based on the number of Common Shares outstanding on March 31, 2022, as reported in the Issuer’s prospectus on Form 424(b)(4), dated July 20, 2022, and filed with the SEC
on July 21, 2022.
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CUSIP No. G5709L109
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Page _5_ of _8_ Pages
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Item 1.
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Security and Issuer
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This statement relates to the Common Shares, par value $0.0000028 per share (the “Common Shares”), of LumiraDx Limited (the “Issuer”). The principal executive
offices of the Issuer are located at c/o Ocorian Trust (Cayman) Limited, PO Box 1350, Windward 3, Regatta Office Park, Grand Cayman KY1-1108, Cayman Islands.
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Item 2.
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Identity and Background
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(a)
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This statement is being filed by the Bill & Melinda Gates Foundation (the “Foundation”), Melinda French Gates (“MFG”) and William H. Gates III (“WHG and together with the Foundation and MFG, the
“Reporting Persons”). Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a “group” for any purpose and each expressly disclaims membership in a group.
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(b)
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The business addresses of the Reporting Persons are as follows:
• Foundation
– 500 Fifth Avenue North, Seattle, Washington 98109
• WHG
– 500 Fifth Avenue North, Seattle, Washington 98109
• MFG
– 500 Fifth Avenue North, Seattle, Washington 98109
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(c)
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The Foundation is a charitable trust organized under the laws of the State of Washington. The Foundation is a nonprofit organization fighting poverty, disease, and inequity around the world. The
address of the Foundation’s principal office is set forth in paragraph (b) of this item.
WHG, a natural person, is a Co-Trustee of the Foundation.
MFG, a natural person, is a Co-Trustee of the Foundation.
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(d)
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None.
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(e)
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None.
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(f)
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WHG is a citizen of the United States of America.
MFG is a citizen of the United States of America.
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Item 3.
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Source and Amount of Funds or Other Consideration
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The Foundation purchased its Common Shares and Ordinary Shares with working capital.
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Item 4.
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Purpose of Transaction
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The purpose of the Foundation’s investments in the Issuer is to further its charitable purpose of, among other things, accelerating the development of lifesaving and low-cost diagnostics to reduce
the burden of diseases in low and middle income countries by securing global access commitments in respect of availability and affordability of new, low-cost products and services developed through the use of the Issuer’s capabilities,
including in respect of diagnostic tests, integrated point-of-care (POC) diagnostic platforms and connected health IT and care solutions. The Foundation has worked with the Issuer with the goal of achieving the following key objectives:
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• |
developing assays with significant potential to improve global health, including a test for HIV viral load; | |
• |
accelerating development of the Issuer’s next-generation instrument that is low-cost, robust and appropriate for all clinical settings, globally; and | |
• |
supporting local healthcare delivery partners in Foundation-priority markets to incorporate the potential of the Issuer’s technology into high-impact, low-cost disruptive diagnostic treatment models. |
CUSIP No. G5709L109
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Page _6_ of _8_ Pages
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The Foundation has provided funding and support to the Issuer in support of these objectives through a combination of equity, grants and loans since 2018. In connection with the Foundation’s equity
investments and loans to the Issuer, the Foundation and the Issuer entered into a letter agreement, dated July 17, 2018, which was amended and restated on October 17, 2019, and which was further amended and restated on July 25, 2022 (the
“Cooperation Agreement”).
On July 25, 2022, the Foundation purchased 14,285,714 Common Shares from the Issuer, at a purchase price of $1.75 per share for an aggregate purchase price of $25.0 million. These Common Shares were
purchased by the Foundation from the Issuer in a private placement that was exempt from the registration requirements of the Securities Act of 1933, as amended.
The Foundation is entitled to appoint one director to the Issuer’s board of directors and to designate one person to attend all meetings of the board of directors in an observer capacity and receive
all documents and materials that are provided to each director. The Foundation’s previous board appointee resigned from the board of directors with effect from April 30, 2021. The Foundation has not exercised its right to appoint a
replacement director, but retains its right to do so.
The Foundation is a party to an Amended and Restated Registration Rights Agreement (“Registration Rights Agreement”) dated September 28, 2021, among CA Healthcare Acquisition Corp., a Delaware
corporation, CA Healthcare Sponsor LLC, a Delaware limited liability company, and the equityholders of the Issuer listed on Exhibit A attached thereto. Pursuant to the Registration Rights Agreement, and subject to qualifications and
exceptions set forth therein, holders of registrable securities of the Issuer are entitled to registration rights. The holders of these securities are entitled to make up to an aggregate of three demands, excluding short form demands, that
the Issuer register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to September 28, 2021. The Registration Rights Agreement also provides that
the Issuer will pay certain expenses related to such registrations and indemnify securityholders against certain liabilities. The Ordinary Shares and Common Shares owned by the Foundation are registrable securities for purposes of the
Registration Rights Agreement.
The Reporting Persons may formulate plans or proposals regarding the Issuer or its securities to the extent deemed advisable by the Reporting Persons in light of their general investment policies,
market conditions and valuations, subsequent developments affecting the Issuer, the general business and prospects of the Issuer, or other factors.
Except as set forth herein, the Reporting Persons have no current intention, plan or proposal with respect to items (a) through (j) of Schedule 13D.
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Item 5.
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Interest in Securities of the Issuer
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(a) & (b)
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Information in Rows 7 to 13 of the respective cover pages of the individual Reporting Persons are incorporated into this Item 5 by reference. The aggregate beneficial ownership of Common Shares by the
Reporting Persons is as follows:
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Sole Voting Power
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0
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Shared Voting Power
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19,859,773
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Sole Dispositive Power
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0
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Shared Dispositive Power
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19,859,773
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The Reporting Persons’ aggregate percentage beneficial ownership of the total amount of Common Shares outstanding is 15.8%, based on 125,626,758 Common Shares expected to be issued and outstanding as
of July 25, 2022, after the completion of the Issuer’s underwritten public offering and concurrent private placement, based on the number of Common Shares outstanding on March 31, 2022,
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CUSIP No. G5709L109
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Page _7_ of _8_ Pages
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as reported in the Issuer’s prospectus on Form 424(b)(4), dated July 20, 2022, and filed with the SEC on July 21, 2022. | |
(c)
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The Foundation purchased 14,285,714 Common Shares from the Issuer on July 25, 2022, at a purchase price of $1.75 per share for an aggregate purchase price of $25.0 million. These Common Shares were
purchased by the Foundation from the Issuer in a private placement that was exempt from the registration requirements of the Securities Act of 1933, as amended.
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(d)
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None.
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(e)
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Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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The information included in Item 4 is incorporated herein by reference.
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Item 7.
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Material to be Filed as Exhibits
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CUSIP No. G5709L109
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Page _8_ of _8_ Pages
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Date: August 3, 2022
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BILL & MELINDA GATES FOUNDATION
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By:
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/s/ Connie Collingsworth
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Name:
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Connie Collingsworth
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Title:
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Chief Operating Officer and Chief Legal Officer
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WILLIAM H. GATES III
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By:
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*
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Name:
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Connie Collingsworth (1)
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Title:
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Attorney-in-fact
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MELINDA FRENCH GATES
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By:
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*
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Name:
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Connie Collingsworth (1)
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Title:
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Attorney-in-fact
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*By:
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/s/ Connie Collingsworth
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Connie Collingsworth
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(1) |
Duly authorized under Special Power of Attorney appointing Connie Collingsworth attorney-in-fact, dated February 7, 2018, by and on behalf of William H. Gates III and Melinda French
Gates as Co-Trustees, and filed as Exhibit 99.1 to the Bill & Melinda Gates Foundation’s Schedule 13G with respect to Arsanis, Inc. on February 13, 2018, SEC File No. 005-90199, and incorporated by reference herein.
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Date: August 3, 2022
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BILL & MELINDA GATES FOUNDATION
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By:
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/s/ Connie Collingsworth
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Name:
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Connie Collingsworth
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Title:
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Chief Operating Officer and Chief Legal Officer
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WILLIAM H. GATES III
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By:
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*
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Name:
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Connie Collingsworth (1)
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Title:
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Attorney-in-fact
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MELINDA FRENCH GATES
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By:
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*
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Name:
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Connie Collingsworth (1)
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Title:
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Attorney-in-fact
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*By:
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/s/ Connie Collingsworth
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Connie Collingsworth
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(1) |
Duly authorized under Special Power of Attorney appointing Connie Collingsworth attorney-in-fact, dated February 7, 2018, by and on behalf of William H. Gates III and
Melinda French Gates as Co-Trustees, and filed as Exhibit 99.1 to the Bill & Melinda Gates Foundation’s Schedule 13G with respect to Arsanis, Inc. on February 13, 2018, SEC File No. 005-90199, and incorporated by reference herein.
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