Filing Details

Accession Number:
0000902664-23-004794
Form Type:
13D Filing
Publication Date:
2023-09-17 20:00:00
Filed By:
Tarsadia Capital, Llc
Company:
Cue Health Inc.
Filing Date:
2023-09-18
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
TCCS I 0 10,684,791 0 10,684,791 10,684,791 6.96%
TC GP 0 10,684,791 0 10,684,791 10,684,791 6.96%
Tarsadia Capital 0 10,684,791 0 10,684,791 10,684,791 6.96%
NVGA I 0 3,230,779 0 3,230,779 3,230,779 2.1%
CP (HLTH) 0 3,612,913 0 3,612,913 3,612,913 2.35%
Tarsadia Investments 0 6,843,692 0 6,843,692 6,843,692 4.46%
TUP Investments 0 1,068,174 0 1,068,174 1,068,174 0.7%
T-Twelve Holdings 0 3,319,000 0 3,319,000 3,319,000 2.16%
TFC Manager 0 3,319,000 0 3,319,000 3,319,000 2.16%
Filing
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Cue Health Inc.

(Name of Issuer)
 

Common Stock, par value $0.00001 per share

(Title of Class of Securities)
 

229790100

(CUSIP Number)
 

Tarsadia Investments, LLC

520 Newport Center Drive, 21st Floor

Newport Beach, CA 92660

 

Tarsadia Capital, LLC

10 East 53rd Street, 23rd Floor

New York, NY 10022

 

T-Twelve Holdings, LLC

c/o Sierra Fiduciary Support Services

100 West Liberty Street, Suite 750

Reno, Nevada 89501

 

with a copy to:

Eleazer Klein, Esq.

Adriana Schwartz, Esq.

Schulte Roth & Zabel LLP

919 Third Avenue

New York, New York 10022

(212) 756-2000

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

September 15, 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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨

 

(Page 1 of 13 Pages)

______________________________

* 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).

 

CUSIP No. 229790100SCHEDULE 13D/APage 2 of 13 Pages

 

1

NAME OF REPORTING PERSON

TCCS I, LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,684,791

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,684,791

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,684,791

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.96%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 3 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

TC GP, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,684,791

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,684,791

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,684,791

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.96%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 4 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

Tarsadia Capital, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

10,684,791

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

10,684,791

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

10,684,791

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.96%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 5 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

NVGA I, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

3,230,779

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

3,230,779

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

3,230,779

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

2.1%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 6 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

CP (HLTH), LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

3,612,913

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

3,612,913

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

3,612,913

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

2.35%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 7 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

Tarsadia Investments, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

6,843,692

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

6,843,692

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

6,843,692

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.46%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 8 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

TUP Investments, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

California

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

1,068,174

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

1,068,174

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

1,068,174

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.7%

14

TYPE OF REPORTING PERSON

PN

         

 

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 9 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

T-Twelve Holdings, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Nevada

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

3,319,000

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

3,319,000

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

3,319,000

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

2.16%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 10 of 13 Pages

 

 

1

NAME OF REPORTING PERSON

TFC Manager, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ý

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

Nevada

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

3,319,000

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

3,319,000

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

3,319,000

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

2.16%

14

TYPE OF REPORTING PERSON

OO

         

 

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 11 of 13 Pages

 

 

This Amendment No. 1 (“Amendment No. 1”) amends and supplements the statement on Schedule 13D filed by the undersigned on September 11, 2023 (the “Original Schedule 13D” and, together with Amendment No. 1, the “Schedule 13D”) as specifically set forth herein. Capitalized terms used herein and not otherwise defined in this Amendment No. 1 have the meanings set forth in the Schedule 13D.

 

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
   
  The first sentence of the first paragraph of Item 3 is amended and restated as follows:

 

The 18,596,657 Shares in the aggregate reported herein as beneficially owned by the Tarsadia Reporting Persons were acquired at an aggregate purchase price of approximately $29,371,839.23, excluding brokerage commissions.  

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
   
  Items 5(a) – (c) are amended and restated as follows:

 

(a) See rows (11) and (13) of each of the cover pages to this Schedule 13D for the number of Shares and percentage of the Shares beneficially owned by each of the Reporting Persons.  The percentage of Shares reported beneficially owned by the Reporting Persons is based upon 153,511,264 Shares outstanding as of August 2, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 filed with the Securities and Exchange Commission (the “SEC”) on August 9, 2023.
 
As disclosed in Item 4, as of August 31, 2023, the Tarsadia Reporting Persons and the T-Twelve Reporting Persons have determined to work together in furtherance of the objectives set forth in the August 31 Press Release.  Accordingly, the Reporting Persons may be deemed to have formed a “group” within the meaning of Section 13(d)(3) of the Exchange Act and the “group” may be deemed to beneficially own an aggregate of 21,915,657 Shares, representing approximately 14.28% of the outstanding Shares. Each of the Reporting Persons expressly disclaims beneficial ownership of the Shares beneficially owned by the other Reporting Persons.
 
(b)See rows (7) through (10) of the cover pages to this Amendment No. 1 for the number of Shares as to which the Reporting Persons have the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
 
(c)On September 15, 2023, TCCS purchased 10,584,000 Shares at a price of $0.52 per Share, excluding brokerage commissions, in a private transaction.  The Reporting Persons have effected no other transactions in the Shares since the filing of the Original Schedule 13D.

 

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 12 of 13 Pages

SIGNATURES

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

DATE: September 18, 2023

 

  TCCS I, LP
  By: TC GP, LLC, its General Partner
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Authorized Signatory

 

  TC GP, LLC
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Authorized Signatory

 

  Tarsadia Capital, LLC
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Head of Tarsadia Capital, LLC

 

  NVGA I, LLC
  By: TI Manager, LLC, its Manager
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Managing Director

 

  CP (HLTH), LLC
  By: TI Manager, LLC, its Manager
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Managing Director

 

 

CUSIP No. 229790100SCHEDULE 13D/APage 13 of 13 Pages

 

 

  Tarsadia Investments, LLC
   
   
  /s/ Mitchell Caplan
  Name: Mitchell Caplan
 

Title: President

 

 

  TUP Investments, L.P.
  By: TUP Three, LLC, its General Partner
   
   
  /s/ Vikram Patel
  Name: Vikram Patel
  Title: Manager

 

 

T-Twelve Holdings, LLC

By: TFC Manager, LLC, its Manager

   
   
  /s/ Gautam Patel
  Name: Gautam Patel
  Title: Manager
   

 

  TFC Manager, LLC
   
   
  /s/ Gautam Patel
  Name: Gautam Patel
  Title: Manager