13G Filing: Park West Asset Management and Invitae Corp (NVTA)

Invitae Corp (NYSE:NVTA): Peter S. Park’s Park West Asset Management filed an amended 13D.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Park West Asset Management 0 2,530,893 0 2,530,893 2,530,893 5.0%
Peter S. Park 0 2,530,893 0 2,530,893 2,530,893 5.0%

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Page 1 of 9 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

INVITAE
corpORATION

(Name of Issuer)

COMMON STOCK, $0.0001 PAR VALUE
PER SHARE

(Title of Class of Securities)

46185L103

(CUSIP Number)

November 21, 2017

(Date of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the
rule pursuant to which this Schedule 13G is filed:

[   ] Rule 13d-1(b)

[X] 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 the disclosures provided in a prior cover page.

The information required in 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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Page 2 of 9 – SEC Filing

CUSIP No.  46185L103
(1) Names of Reporting Persons
Park West Asset Management 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: 2,530,893*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 2,530,893*
   
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,530,893*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
5.0%*
(12) Type of Reporting Person
IA

 * Beneficial
ownership percentage is based upon 50,218,987 shares of common stock, $0.0001 par value per share (“Common Stock”),
of Invitae Corporation., a Delaware corporation (the “Company”), issued and outstanding as of October 27, 2017, as
reported by the Company in its Quarterly Report on Form 10-Q (File No. 001-36847), filed with the Securities and Exchange
Commission on November 9, 2017. Park West Asset Management LLC (“PWAM”)
is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”),
and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and, collectively
with PWIMF, the “PW Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM, the “Reporting
Persons”) is the sole member and manager of PWAM.   As of November 21, 2017, PWIMF held 2,257,432 shares
of Common Stock and PWPI held 273,461 shares of Common Stock. As a result of the foregoing, for purposes of Reg. Section 240.13d-3,
the Reporting Persons may be deemed to beneficially own the 2,530,893 shares of Common Stock held in the aggregate by the PW Funds
for an aggregate beneficial ownership percentage of approximately 5.0% of the shares of Common Stock deemed issued and outstanding
as of
November 21, 2017.  

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Page 3 of 9 – SEC Filing

CUSIP No.  46185L103
(1) Names of Reporting Persons
Peter S. Park
(2) Check the Appropriate Box if a Member of a Group (a) [    ]
(b) [    ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
United States of America
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power: 0
(6) Shared Voting Power: 2,530,893*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 2,530,893*
   
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,530,893*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
5.0%*
(12) Type of Reporting Person
  IN

* Beneficial
ownership percentage is based upon 50,218,987 shares of Common Stock issued and outstanding as of October 27, 2017, as reported
by the Company in its Quarterly Report on Form 10-Q (File No. 001-36847), filed with the Securities and Exchange Commission
on November 9, 2017. PWAM is the investment manager to the PW Funds, and Mr. Park is the sole member and manager of PWAM.   As
of November 21, 2017, PWIMF held 2,257,432 shares of Common Stock and PWPI held 273,461 shares of Common Stock. As a result of
the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 2,530,983 shares
of Common Stock held in the aggregate by the PW Funds for an aggregate beneficial ownership percentage of approximately 5.0% of
the shares of Common Stock deemed issued and outstanding as of November 21, 2017.

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Page 4 of 9 – SEC Filing


Item 1(a).  Name Of
Issuer:
  Invitae Corporation (the “Company”)
Item 1(b).  Address of Issuer’s Principal Executive Offices:

1400 16th Street
San
Francisco, California 94103

Item 2(a).  Name of Person Filing:

This report on
Schedule 13G (this “Schedule 13G”), is being jointly filed by (i) Park
West Asset Management LLC (“PWAM”), a Delaware limited liability company and the investment manager to (a) Park
West Investors Master Fund, Limited (“PWIMF”), a Cayman Islands exempted company that is the holder of 2,257,432
shares of common stock, $0.0001 par value per share ( “Common Stock”), of the Company and (b) Park West Partners
International, Limited (“PWPI” and, collectively with PWIMF, the “PW Funds”), a Cayman Islands exempted
company that is the holder of 273,461 shares of Common Stock; and (ii) Peter S. Park, as the sole member and manager of PWAM (“Mr.
Park” and, collectively with PWAM, the
“Reporting Persons”).

The 2,530,893 shares
of Common Stock of the Company held in the aggregate by the PW Funds, which constitute approximately 5.0% of the shares of Common
Stock of the Company deemed to be issued and outstanding as of the date hereof, may be deemed to be beneficially owned (x) indirectly
by PWAM, as the investment manager to the PW Funds, and (y) indirectly by Mr. Park, as the managing member of
PWAM.

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

The address for
the Reporting Persons is: 900 Larkspur Landing Circle,
Suite 165, Larkspur, California 94939.

Item 2(c).  Citizenship:

PWAM is organized under the laws of the State of Delaware.
Mr. Park is a citizen of the United
States.

Item 2(d).  Title of Class of Securities:
            Common Stock, $0.0001 par
value per share
.

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Page 5 of 9 – SEC Filing

Item 2(e).  CUSIP No.:
            46185L103
Item 3.  If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4.   Ownership:
          As reported in the cover pages to this report, the ownership information with respect to each of the PWAM and Mr. Park
is as follows
:
(a) Amount Beneficially Owned: 2,530,893*
(b) Percent of Class: 5.0%*
(c) Number of Shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote 2,530,893*
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of 2,530,893*

* This Schedule 13G is being jointly filed by (i) PWAM, a Delaware limited liability company and the investment
manager to (a) PWIMF, a Cayman Islands exempted company that is the holder of 2,257,432 shares of Common Stock and (b) PWPI,
a Cayman Islands exempted company that is the holder of 273,461 shares of Common Stock and (ii) Mr. Park, as the sole member and
manager of PWAM.

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Page 6 of 9 – SEC Filing

The 2,530,893 shares
of Common Stock held in the aggregate by the PW Funds, which constitutes approximately 5.0% of the shares of Common Stock deemed
issued and outstanding as of October 27, 2017, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment
adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.  The foregoing beneficial
ownership percentage is based upon 50,218,987 shares of Common Stock, issued and outstanding as of October 27, 2017, as reported
by the Company in its Quarterly Report on Form 10-Q (File No. 001-36847), filed with the Securities and Exchange Commission
on November 9
, 2017.

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:  [   ]
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 or Control Person
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
By signing below I certify that, to the best of my 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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Page 7 of 9 – SEC Filing

SIGNATURE

          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.

December 1,
2017
PARK WEST ASSET MANAGEMENT LLC
By: /s/
Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
/s/ Peter S. Park
Peter S. Park

 

Attention: Intentional misstatements or omissions
of fact constitute

Federal criminal violations (See 18 U.S.C.
1001)

 

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Page 8 of 9 – SEC Filing

Exhibit Index

Exhibit

A. Joint Filing Agreement, dated as of
December 1, 2017, by and among Park West Asset Management,
LLC, and Peter S. Park      

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Page 9 of 9 – SEC Filing

Exhibit A

 

 

JOINT FILING AGREEMENT

In accordance with Rule
13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of
them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of Common Stock, $0.0001
par value per share, of Invitae Corporation, a Delaware corporation, and further agree that this Joint Filing Agreement be included
as Exhibit A to such Schedule 13G. In evidence thereof, the undersigned hereby execute this agreement this 1st day of December
,
2017.

PARK WEST ASSET MANAGEMENT LLC
By: /s/
Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
/s/   Peter S. Park
Peter S. Park

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