UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
XYNOMIC PHARMACEUTICALS HOLDINGS, INC.
(Name of Company)
Common Stock, $0.0001 Par Value Per Share
(Title of Class of Securities)
98421X102
(CUSIP Number)
Tingzhi Qian
Suite 3306, K. Wah Centre, 1010 Middle Huaihai Road, Shanghai, China
+86 21 54180212
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May 15, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box ☐
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).
CUSIP Number: 98421X102
1 | NAME OF REPORTING PERSON | |
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) | ||
Tingzhi Qian | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |
(a) | ☐ | |
(b) | ☐ | |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS | |
OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
People’s Republic of China |
7 | SOLE VOTING POWER | ||
0 | |||
NUMBER OF | |||
SHARES | 8 | SHARED VOTING POWER | |
BENEFICIALLY | |||
OWNED BY | 7,517,707 | ||
EACH | |||
REPORTING | 9 | SOLE DISPOSITIVE POWER | |
PERSON WITH | |||
0 | |||
10 | SHARED DISPOSITIVE POWER | ||
7,517,707 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
7,517,707 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
16.24% (1) | |
14 | TYPE OF REPORTING PERSON |
IN |
(1) | Percentage is calculated on the basis of 46,273,848 shares of common stock issued and outstanding as of May 15, 2019. |
CUSIP Number: 98421X102
1 | NAME OF REPORTING PERSON | |
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) | ||
Prosperico Gate I Limited | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |
(a) | ☐ | |
(b) | ☐ | |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS | |
OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
The Cayman Islands |
7 | SOLE VOTING POWER | ||
2,547,138 | |||
NUMBER OF | |||
SHARES | 8 | SHARED VOTING POWER | |
BENEFICIALLY | |||
OWNED BY | 0 | ||
EACH | |||
REPORTING | 9 | SOLE DISPOSITIVE POWER | |
PERSON WITH | |||
2,547,138 | |||
10 | SHARED DISPOSITIVE POWER | ||
0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
2,547,138 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
5.50% (1) | |
14 | TYPE OF REPORTING PERSON |
CO |
(1) | Percentage is calculated on the basis of 46,273,848 shares of common stock issued and outstanding as of May 15, 2019. |
CUSIP Number: 98421X102
1 | NAME OF REPORTING PERSON | |
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) | ||
Dande Lion Limited | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |
(a) | ☐ | |
(b) | ☐ | |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS | |
OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
The Cayman Islands |
7 | SOLE VOTING POWER | ||
4,970,569 | |||
NUMBER OF | |||
SHARES | 8 | SHARED VOTING POWER | |
BENEFICIALLY | |||
OWNED BY | 0 | ||
EACH | |||
REPORTING | 9 | SOLE DISPOSITIVE POWER | |
PERSON WITH | |||
4,970,569 | |||
10 | SHARED DISPOSITIVE POWER | ||
0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
4,970,569 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
10.74% (1) | |
14 | TYPE OF REPORTING PERSON |
IN |
(1) | Percentage is calculated on the basis of 46,273,848 shares of common stock issued and outstanding as of May 15, 2019. |
Item 1. | Security and Issuer. |
This Schedule 13D relates to the common stock, par value $0.0001 per share (the “Common Stock”) of Xynomic Pharmaceuticals Holdings, Inc., a Delaware corporation (previously known as Bison Capital Acquisition Corp., the “Company” or “XYN”), whose principal executive office is located at Suite 4202, K. Wah Centre, 1010 Middle Huaihai Road, Shanghai, China.
Item 2. | Identity and Background. |
(a) The Statement is jointly filed by (1) Tingzhi Qian (“Qian”); (2) Prosperico Gate I Limited (“Prosperico”); and (3) Dande Lion Limited (“Dande”, each, a “Reporting Person,” together, the “Reporting Persons”).
Qian is a director and shareholder of the Company.
Prosperico is an exempted company 100% and directly owned by Prosperico Healthcare Fund I, LP, which is a healthcare focused investment fund in the form of exempted limited partnership with no US-investors incorporated under the laws of the Cayman Islands. The person having voting, dispositive or investment powers over Prosperico is Qian.
Dande is an exempted company 100% and ultimately owned by Qian, incorporated under the laws of the Cayman Islands. The person having voting, dispositive or investment powers over Dande is Qian.
(b) Qian’s principal business address is Suite 3306, K. Wah Centre, 1010 Middle Huaihai Road, Shanghai, China.
The address of Prosperico is P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205, the Cayman Islands.
The address of Dande is P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205, the Cayman Islands.
(c) Qian is a director and shareholder of the Company. The principal business of Prosperico is to act as an investment holding company. The principal business of Dande is to act as an investment holding company.
(d) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws of findings any violation with respect to such laws.
(f) Prosperico is a company incorporated in the Cayman Islands. Dande is a company incorporated in the Cayman Islands. Qian is a citizen of the People’s Republic of China.
Item 3. | Source and Amount of Funds and Other Consideration. |
On May 15, 2019, in connection with a consummation of a business combination (the “Business Combination”) as provided in certain agreement and plan of merger (as amended, the “Merger Agreement”), dated as of September 12, 2018, entered into by and among by and among (i) the Company; (ii) Bison Capital Merger Sub Inc., a Delaware corporation (iii) Xynomic Pharmaceuticals, Inc., a Delaware corporation (“Xynomic”) and (iv) Yinglin Mark Xu, solely in his capacity as the Stockholder Representative thereunder:
(1) | Prosperico acquired 2,547,138 shares of Common Stock of the Company, in exchange for 3,000,000 shares of common stock of Xynomic, among which 76,414 shares of Common Stock were deposited into deposited into an escrow account (the “Escrow Account”) pursuant to an escrow agreement (the “Escrow Agreement”) dated May 13, 2019, by and among (i).the Company, (ii) Yinglin Mark Xu, solely in his capacity as the Stockholder Representative thereunder the Merger Agreement; and (iii) Continental Stock Transfer & Trust Company, as escrow agent; |
(2) | Dande acquired 4,970,569 shares of Common Stock of the Company, in exchange for 5,854,300 shares of common stock of Xynomic, among which 149,117 shares of Common Stock were deposited into the Escrow Account; |
Item 4. | Purpose of Transaction. |
The purpose of the acquisition is for investment only.
As of the date of this Schedule 13D, the Reporting Person does not have any plans or proposals which relate to or would result in:
(a) the acquisition by any person of additional securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries;
(d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number of terms of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend policy of the Issuer;
(f) any other material change in the Issuer’s business or corporate structure;
(g) changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any other person;
(h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any similar action to those enumerated above.
Item 5. | Interest in Securities of the Company. |
(a)-(b) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference.
(c) Other than the acquisition of the shares as reported in this Schedule 13D, no actions in the Common Stock were effected during the past sixty (60) days by the Reporting Persons.
(d) None
(e) N/A
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. |
The following descriptions are qualified in their entirety by the agreements and instruments included as exhibits to this Schedule 13D.
The Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments hereto. A copy of such agreement is attached as Exhibit 99.1 and is incorporated by reference herein.
The Reporting Persons is a party (through Stockholder Representative) to the Merger Agreement, a copy of such agreement and its amendments are attached as Exhibits 7.1-7.4 and are incorporated by reference herein.
The Reporting Person is a party (through Stockholder Representative) to the Escrow Agreement, a copy of such agreement is attached as Exhibit 7.5 and is incorporated by reference herein.
To the knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships among the persons named in Item 2 with respect to any securities of the Issuer, except as described herein.
Item 7. | Material to be Filed as Exhibits. |
* filed herewith
[The remainder of this page is left blank intentionally.]
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Date: May 30, 2019 | ||
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian |
Prosperico Gate I Limited | ||
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian | |
Title: | Director |
Dande Lion Limited | ||
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian | |
Title: | Director |
Exhibit 99.1
JOINT FILING AGREEMENT
The undersigned agree that this Schedule 13D, and any amendments hereto, relating to the shares of common stock, par value $0.0001 per share, of Xynomic Pharmaceuticals Holdings, Inc., shall be filed on behalf of the undersigned.
Date: May 30, 2019
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian | |
Prosperico Gate I Limited | ||
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian | |
Title: | Director | |
Dande Lion Limited | ||
By: | /s/ Tingzhi Qian | |
Name: | Tingzhi Qian | |
Title: | Director |