Filing Details

Accession Number:
0000919574-23-002859
Form Type:
13D Filing
Publication Date:
2023-05-07 20:00:00
Filed By:
Casdin Capital
Company:
Absci Corp
Filing Date:
2023-05-08
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Casdin Capital 0 4,448,260 0 4,448,260 4,448,260 4.8%
Eli Casdin 0 4,448,260 0 4,448,260 4,448,260 4.8%
Filing

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)*

 

 

Absci Corporation
(Name of Issuer)

 

 

Common Stock, $0.0001 par value
(Title of Class of Securities)

 

 

00091E109
(CUSIP Number)

 

 

Eli Casdin

Casdin Capital, LLC

1350 Avenue of the Americas, Suite 2600

New York, New York

Telephone Number (212) 897-5438

(Name, Address and Telephone Number of Person Authorized to Receive

Notices and Communications)

 

 

May 4, 2023
(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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [  ].
   
* 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.
 
 

 


CUSIP No.
00091E109    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Casdin Capital, LLC  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  [_]
    (b)  [_]

 

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Delaware  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  4,448,260  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  4,448,260  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  4,448,260  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  
[_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  4.8%  

 

14. TYPE OF REPORTING PERSON  
     
  IA  
     

 

 
 

 

 


CUSIP No.
00091E109    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Eli Casdin  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  [_]
    (b)  [_]
     

 

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States of America  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  4,448,260  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  4,448,260  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  4,448,260  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  
[_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  4.8%  

 

14. TYPE OF REPORTING PERSON  
     
  IN  
     

 

 
 

 

 

CUSIP No. 00091E109    
     

 

Item 1. Security and Issuer.  

 

  The name of the issuer is Absci Corporation, a Delaware corporation (the "Issuer").  The address of the Issuer's principal executive offices is 18105 SE Mill Plain Blvd, Vancouver, Washington, 98683.  This Schedule 13D amendment relates to the Issuer's Common Stock, $0.0001 par value (the "Shares").  
     
     

 

Item 2. Identity and Background.  

 

  (a), (f) This Schedule 13D amendment is being filed jointly by Casdin Capital, LLC, a Delaware limited liability company (“Casdin”) and Eli Casdin, a United States citizen (collectively, the "Reporting Persons").    
       
  (b) The principal business address for each of the Reporting Persons is 1350 Avenue of the Americas, Suite 2600, New York, New York 10019.  
       
  (c) Eli Casdin is the managing member of Casdin.  The principal business of Casdin is serving as an investment adviser to its clients.    
       
  (d), (e) During the last five years, none of the Reporting Persons has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.  The Reporting Persons disclaim membership in a group.    
       
     

 

Item 3. Source and Amount of Funds or Other Consideration.  
     
  The funds for the purchase of the Shares came from the working capital of private investment funds managed by Casdin over which the Reporting Persons, through their roles described above in Item 2(c), exercise investment discretion.  No borrowed funds were used to purchase the Shares, other than borrowed funds used for working capital purposes in the ordinary course of business.      
     

 

Item 4. Purpose of Transaction.  
     
 

The Reporting Persons have acquired their Shares of the Issuer for investment. The Reporting Persons have no plans or proposals as of the date of this filing which, other than as expressly set forth below, would relate to or would result in: (a) any extraordinary corporate transaction involving the Issuer; (b) any change in the present Board of Directors or management of the Issuer; (c) any material change in the present capitalization or dividend policy of the Issuer; (d) any material change in the operating policies or corporate structure of the Issuer; (e) any change in the Issuer's charter or by-laws; (f) the Shares of the Issuer ceasing to be listed from a national securities exchange or to ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; or (g) causing the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934.

 

On July 8, 2022, Eli Casdin, a director of the Issuer, notified the Issuer of his decision to step down from the Board of Directors of the Issuer, effective July 11, 2022. Mr. Casdin’s decision was not the result of any disagreement with the Issuer on matters related to the Issuer’s operations, policies or practices.

 

The Reporting Persons, however, reserve the right, at a later date, to effect one or more of such changes and may dispose of or enter into other transactions in the shares they may be deemed to beneficially own.

 

The Reporting Persons have been and may continue to be in contact with members of the Issuer's management, the Issuer's Board of Directors, other significant shareholders and others regarding alternatives that the Issuer could employ to maximize shareholder value.

 

The Reporting Persons further reserve the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should it determine to do so, and/or to recommend courses of action to management and the shareholders of the Issuer.

 
     

 

 
 

 

 

Item 5. Interest in Securities of the Issuer.  
     
  (a) - (e)

As of the date hereof, the Reporting Persons may be deemed to be the beneficial owners of 4,448,260 Shares, constituting 4.8% of the Shares, based upon 92,492,236* Shares outstanding.

 

The Reporting Persons have the sole power to vote or direct the vote of 0 Shares; have the shared power to vote or direct the vote of 4,448,260 Shares; have the sole power to dispose or direct the disposition of 0 Shares; and have the shared power to dispose or direct the disposition of 4,448,260 Shares.

 

The transactions by the Reporting Persons in the Shares during the past sixty days are set forth in Exhibit B. All such transactions were carried out in open market transactions.

 

All of the Shares are beneficially owned by private investment funds managed by Casdin.

 

The Reporting Persons no longer own more than 5% of the total outstanding Shares. Consequently, this is the final amendment to the Schedule 13D and constitutes an “exit filing” for the Reporting Persons.

 

*This outstanding Shares figure reflects the number of outstanding Shares as reported in the DEF 14-A filed by the Issuer on April 28, 2023.

 
       

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.  
     
  Not Applicable  
     

 

Item 7. Material to be Filed as Exhibits.  

 

 

Exhibit A: Joint Filing Agreement

 

     

 

 
 

 

 

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.

 

    May 8, 2023
    (Date)
     
     
    Casdin Capital, LLC*
     
    By: /s/ Eli Casdin
    (Signature)
     
    Eli Casdin, Managing Member
    (Name/Title)
     
     
    /s/ Eli Casdin*
    Eli Casdin

 

* This reporting person disclaims beneficial ownership of these reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of these securities for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, or for any other purpose.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 10001).

 
 

 

 

Exhibit A

 

 

AGREEMENT

 

 

The undersigned agree that this Schedule 13D amendment, dated May 8, 2023, relating to the Common Stock, $0.0001 par value of Absci Corporation shall be filed on behalf of the undersigned.

 

    May 8, 2023
    (Date)
     
     
    Casdin Capital, LLC
     
    By: /s/ Eli Casdin
    (Signature)
     
    Eli Casdin, Managing Member
    (Name/Title)
     
     
    /s/ Eli Casdin
    Eli Casdin

 

 
 

Exhibit B

 

 

Schedule of Transactions in Shares

 

 

Date of Transaction Title of Class Number of Shares Acquired Number of Shares Disposed Price Per Share
         
3/21/2023 Common Stock, $0.0001 par value   5,000 $1.7032
3/22/2023 Common Stock, $0.0001 par value   25,000 $1.7991
3/23/2023 Common Stock, $0.0001 par value   5,000 $1.7129
3/27/2023 Common Stock, $0.0001 par value   15,000 $1.7619
3/28/2023 Common Stock, $0.0001 par value   20,000 $1.6401
3/29/2023 Common Stock, $0.0001 par value   55,000 $1.6993
3/29/2023 Common Stock, $0.0001 par value   5,000 $1.7573
3/30/2023 Common Stock, $0.0001 par value   10,000 $1.7381
4/3/2023 Common Stock, $0.0001 par value   20,000 $1.7700
4/3/2023 Common Stock, $0.0001 par value   10,000 $1.7763
4/3/2023 Common Stock, $0.0001 par value   1,242 $1.8134
4/3/2023 Common Stock, $0.0001 par value   2,274 $1.7896
4/4/2023 Common Stock, $0.0001 par value   20,000 $1.7272
4/4/2023 Common Stock, $0.0001 par value   29,600 $1.7317
4/4/2023 Common Stock, $0.0001 par value   400 $1.7317
4/5/2023 Common Stock, $0.0001 par value   22,484 $1.6687
4/5/2023 Common Stock, $0.0001 par value   4,000 $1.6609
4/6/2023 Common Stock, $0.0001 par value   25,000 $1.7292
4/10/2023 Common Stock, $0.0001 par value   25,000 $1.7690
4/11/2023 Common Stock, $0.0001 par value   15,000 $1.7979
4/11/2023 Common Stock, $0.0001 par value   10,000 $1.8122
4/12/2023 Common Stock, $0.0001 par value   15,000 $1.8047
4/12/2023 Common Stock, $0.0001 par value   15,000 $1.7912
4/13/2023 Common Stock, $0.0001 par value   20,000 $1.8303
4/13/2023 Common Stock, $0.0001 par value   35,000 $1.8580
4/14/2023 Common Stock, $0.0001 par value   10,000 $1.7810
4/17/2023 Common Stock, $0.0001 par value   15,000 $1.8084
4/17/2023 Common Stock, $0.0001 par value   5,000 $1.7894
4/18/2023 Common Stock, $0.0001 par value   10,000 $1.7954
4/19/2023 Common Stock, $0.0001 par value   10,000 $1.7975
4/20/2023 Common Stock, $0.0001 par value   5,000 $1.7012
4/21/2023 Common Stock, $0.0001 par value   7,500 $1.6982
4/21/2023 Common Stock, $0.0001 par value   2,500 $1.7058
4/24/2023 Common Stock, $0.0001 par value   10,000 $1.5647
4/24/2023 Common Stock, $0.0001 par value   15,000 $1.5569
4/25/2023 Common Stock, $0.0001 par value   35,000 $1.4847
4/25/2023 Common Stock, $0.0001 par value   15,000 $1.3800
4/26/2023 Common Stock, $0.0001 par value   25,000 $1.4300
4/26/2023 Common Stock, $0.0001 par value   25,000 $1.4050
4/27/2023 Common Stock, $0.0001 par value   25,000 $1.3449
4/27/2023 Common Stock, $0.0001 par value   10,000 $1.3614
4/28/2023 Common Stock, $0.0001 par value   15,000 $1.3358
4/28/2023 Common Stock, $0.0001 par value   15,000 $1.3357
5/1/2023 Common Stock, $0.0001 par value   25,000 $1.3174
5/2/2023 Common Stock, $0.0001 par value   80,000 $1.2554
5/2/2023 Common Stock, $0.0001 par value   20,000 $1.3074
5/3/2023 Common Stock, $0.0001 par value   25,000 $1.3028
5/4/2023 Common Stock, $0.0001 par value   150,000 $1.2535
5/4/2023 Common Stock, $0.0001 par value   50,000 $1.3232
5/4/2023 Common Stock, $0.0001 par value   10,000 $1.3216
5/5/2023 Common Stock, $0.0001 par value   30,000 $1.3041
5/5/2023 Common Stock, $0.0001 par value   30,000 $1.3631