Filing Details

Accession Number:
0001104659-24-022966
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
William Cao Wei
Company:
Gracell Biotechnologies Inc.
Filing Date:
2024-02-14
SEC Url:
13G 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
William Wei Cao 77,141,530 0 77,141,530 0 77,141,530 15.9%
Gracell Venture Holdings Limited 75,248,975 0 75,248,975 0 75,248,975 15.6%
Filing

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

Gracell Biotechnologies Inc.

(Name of Issuer)

 

Ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

 

38406L 103**

(CUSIP Number)

 

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

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

o Rule 13d-1(b)
o Rule 13d-1(c)
x 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 disclosures provided in a prior cover page.

 

** CUSIP number 38406L 103 has been assigned to the American depositary shares (“ADSs”) of Gracell Biotechnologies Inc. (the “Issuer,”) which are quoted on The Nasdaq Global Select Market under the symbol “GRCL.” Each ADS represents five ordinary shares of the Issuer.  No CUSIP has been assigned to the Issuer’s ordinary shares.

 

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).

 

 

 

 

 

 

 

1 Name of Reporting Person
William Wei Cao
2

Check the Appropriate Box if a Member of a Group

(a)   ¨

(b)   ¨  

3 SEC Use Only 
4 Citizenship or Place of Organization
People’s Republic of China 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
77,141,530(
1)
6 Shared Voting Power
0
7 Sole Dispositive Power
77,141,530 (
1)
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
77,141,530 (
1) 
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11 Percent of Class Represented by Amount in Row 9
15.9% (
2)
12 Type of Reporting Person
IN
        
 
(1)Represents (i) 15,049,795 ADSs directly held by Gracell Venture Holdings Limited, representing 75,248,975 ordinary shares, and (ii) 378,511 ADSs that William Wei Cao has the rights to acquire within 60 days of December 31, 2023, representing 1,892,555 ordinary shares. Gracell Venture Holdings Limited is a company incorporated in the British Virgin Islands. Gracell Venture Holdings Limited is wholly owned by Land Blossom Limited, a company incorporated in the British Virgin Islands. Land Blossom Limited, under The Cao Family Trust, or the Trust, established under the law of Republic of Singapore and managed by VISTRA Trust (Singapore) Pte. Limited, or the Trustee, is wholly owned and managed by the Trustee. Dr. William Wei Cao is the Settlor of the Trust and Dr. Cao and his family members are the Trust’s beneficiaries. Under the terms of the Trust, Dr. Cao has the power to direct the Trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Gracell Venture Holdings Limited in the Issuer.

 

(2)Calculation is based on a total of 483,411,767 ordinary shares of the Issuer outstanding as of December 31, 2023.

 

2

 

 

1 Name of Reporting Person
Gracell Venture Holdings Limited 
2

Check the Appropriate Box if a Member of a Group

(a)   ¨

(b)   ¨

3 SEC Use Only
4 Citizenship or Place of Organization
British Virgin Islands  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5 Sole Voting Power
75,248,975 (3)
6 Shared Voting Power
0
7 Sole Dispositive Power
75,248,975(3)
8 Shared Dispositive Power
0
9 Aggregate Amount Beneficially Owned by Each Reporting Person
75,248,975 (3)
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ¨
11 Percent of Class Represented by Amount in Row 9
15.6% (
4)
12 Type of Reporting Person
CO
       
 
(3)Represents 15,049,795 ADSs, representing 75,248,975 ordinary shares, directly held by Gracell Venture Holdings Limited, a company incorporated in the British Virgin Islands. Gracell Venture Holdings Limited is wholly owned by Land Blossom Limited, a company incorporated in the British Virgin Islands. Land Blossom Limited, under The Cao Family Trust, or the Trust, established under the law of Republic of Singapore and managed by VISTRA Trust (Singapore) Pte. Limited, or the Trustee, is wholly owned and managed by the Trustee. Dr. William Wei Cao is the Settlor of the Trust and Dr. Cao and his family members are the Trust’s beneficiaries. Under the terms of the Trust, Dr. Cao has the power to direct the Trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Gracell Venture Holdings Limited in the Issuer.

 

(4)Calculation is based on a total of 483,411,767 ordinary shares of the Issuer outstanding as of December 31, 2023.

 

3

 

 

Item 1(a). Name of Issuer:
Gracell Biotechnologies Inc. (the “Issuer”)
Item 1(b).

Address of Issuer’s Principal Executive Offices:
Building 12, Block B, Phase II

Biobay Industrial Park, 218 Sangtian St., Suzhou Industrial Park

People’s Republic of China

 
Item 2(a).

Name of Person Filing:
(i) William Wei Cao, and

(ii) Gracell Venture Holdings Limited

(collectively, the “Reporting Persons”).

Item 2(b).

Address of Principal Business Office or, if none, Residence:
The addresses of the Reporting Persons are:

 

(i) William Wei Cao:

Building 12, Block B, Phase II

Biobay Industrial Park, 218 Sangtian St., Suzhou Industrial Park

People’s Republic of China

 

(ii) Gracell Venture Holdings Limited:

Sertus Chambers, P.O. Box 905

Quastisky Building, Road Town, Tortola

British Virgin Islands

Item 2(c)

Citizenship:

William Wei Cao – People’s Republic of China

Gracell Venture Holdings Limited – British Virgin Islands

Item 2(d).

Title of Class of Securities:

Ordinary shares, par value US$0.0001 per share

Item 2(e). CUSIP Number:
38406L 103. This CUSIP number applies to the American depositary shares, each representing five ordinary shares of the Issuer.
 
Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
  Not applicable
Item 4. Ownership:

 

Reporting Person  Amount
beneficially
owned:
  

Percent
of class(1):

   Percent of
aggregate
voting
power:
   Sole power to
vote 
or direct
the vote:
   Shared 
power
to vote or 
to direct 
the vote:
   Sole power 
to
dispose or to
direct the
disposition 
of:
   Shared 
power
to dispose or
to direct the
disposition of:
 
William Wei Cao   77,141,530    15.9%   15.9%   77,141,530    0    77,141,530    0 
Gracell Venture Holdings Limited   75,248,975    15.6%   15.6%   75,248,975    0    75,248,975    0 

 

 
(1)The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 483,411,767 ordinary shares of the Issuer outstanding as of December 31, 2023.

 

4

 

 

Item 5. Ownership of Five Percent or Less of a Class:
  Not applicable
 
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 Controlling Person:
  Not applicable
 
Item 8. Identification and Classification of Members of the Group:
  See Item 2(a) in lieu of an exhibit.
 
Item 9. Notice of Dissolution of Group:
  Not applicable
   
Item 10. Certifications:
  Not applicable

 

5

 

 

LIST OF EXHIBIT

 

Exhibit No.   Description
99.1   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.

 

Dated: February 14, 2024

 

 

William Wei Cao 

   
   
  /s/ William Wei Cao
   
   
 

Gracell Venture Holdings Limited

   
   
  By: /s/ William Wei Cao
  Name: William Wei Cao
  Title: Director