Statement of Ownership (sc 13g)

 

Securities and Exchange Commission

Washington, DC 20549

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

Genfit S.A.

(Name of Issuer)

 

Ordinary Shares, nominal value €0.25 per share

(Title of Class of Securities)

 

 

 

372279109**

(CUSIP Number)

 

 

 

April 20, 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:

 

¨       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.

 

**This CUSIP number applies to the American Depository Shares (“ADSs”) of the Issuer, which are quoted on the Nasdaq Global Select Market under the symbol “GNFT.” Each ADS represents one ordinary share. No CUSIP has been assigned to the ordinary shares.

 

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).

 

 

Page 1 of 8 Pages

 

CUSIP No. 372279109

13G

Page 2 of 8 Pages

1	NameS of Reporting Persons I.R.S. Identification NOS. of Above Persons (ENTITIES ONLY)   TANG CAPITAL PARTNERS, LP
2	Check the Appropriate Box if a Member of a Group*	(a) ¨ (b) ý
3	SEC Use Only
4	Citizenship or Place of Organization   DELAWARE

Number of	5	Sole Voting Power 0
Shares BENEFICIALLY Owned by	6	Shared Voting Power   2,643,147
Each Reporting Person with	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   2,643,147

9	Aggregate Amount Beneficially Owned by each Reporting Person   2,643,147
10	Check Box if the Aggregate Amount in Row (9) excludes certain shares   ¨
11	Percent of Class represented by amount in row 9   5.3%
12	type of reporting person   pN

 

Page 2 of 8 Pages

 

CUSIP No. 372279109

13G

Page 3 of 8 Pages

1	NameS of Reporting Persons I.R.S. Identification NOS. of Above Persons (ENTITIES ONLY)   TANG CAPITAL MANAGEMENT, LLC
2	Check the Appropriate Box if a Member of a Group*	(a) ¨ (b) ý
3	SEC Use Only
4	Citizenship or Place of Organization   DELAWARE

Number of	5	Sole Voting Power 0
Shares BENEFICIALLY Owned by	6	Shared Voting Power   2,643,147
Each Reporting Person with	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   2,643,147

9	Aggregate Amount Beneficially Owned by each Reporting Person   2,643,147
10	Check Box if the Aggregate Amount in Row (9) excludes certain shares   ¨
11	Percent of Class represented by amount in row 9   5.3%
12	type of reporting person   OO

 

Page 3 of 8 Pages

 

CUSIP No. 372279109

13G

Page 4 of 8 Pages

1	NameS of Reporting Persons I.R.S. Identification NOS. of Above Persons (ENTITIES ONLY)   KEVIN TANG
2	Check the Appropriate Box if a Member of a Group*	(a) ¨ (b) ý
3	SEC Use Only
4	Citizenship or Place of Organization   united states

Number of	5	Sole Voting Power 0
Shares BENEFICIALLY Owned by	6	Shared Voting Power   2,643,147
Each Reporting Person with	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   2,643,147

9	Aggregate Amount Beneficially Owned by each Reporting Person   2,643,147
10	Check Box if the Aggregate Amount in Row (9) excludes certain shares   ¨
11	Percent of Class represented by amount in row 9   5.3%
12	type of reporting person   IN

 

Page 4 of 8 Pages

 

Item 1(a).

Name of Issuer:

 

Genfit S.A. (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

 

Parc Eurasante, 885 Avenue Eugene Avinee, Loos, 59120 France 

 

Item 2(a).

Name of Person Filing:

 

This Statement on Schedule 13G (this “Statement”) is filed by Tang Capital Partners, LP (“Tang Capital Partners”); Tang Capital Management, LLC, the general partner of Tang Capital Partners (“Tang Capital Management”); and Kevin Tang, the manager of Tang Capital Management.

 

Item 2(b).

Address of Principal Business Office or, if none, Residence:

 

4747 Executive Drive, Suite 210, San Diego, CA 92121

 

Item 2(c).

Citizenship:

 

Tang Capital Partners is a Delaware limited partnership. Tang Capital Management is a Delaware limited liability company. Mr. Tang is a United States citizen.

 

Item 2(d).

Title of Class of Securities:

 

Ordinary Shares, nominal value €0.25 per share (the “Ordinary Shares”)

 

Item 2(e).

CUSIP Number: 372279109

 

Item 3.

Not applicable.

 

Item 4.

Ownership.

 

(a)       Amount Beneficially Owned:

 

Tang Capital Partners. Tang Capital Partners beneficially owns 2,643,147 of the Issuer’s Ordinary Shares, which consists of: (i) 1,428,489 of the Issuer’s Ordinary Shares and (ii) 1,214,658 of the Issuer’s ADSs, which each represent one Ordinary Share.

 

Tang Capital Partners shares voting and dispositive power over such shares with Tang Capital Management and Kevin Tang.

 

Tang Capital Management. Tang Capital Management beneficially owns 2,643,147 of the Issuer’s Ordinary Shares, which consists of: (i) 1,428,489 of the Issuer’s Ordinary Shares and (ii) 1,214,658 of the Issuer’s ADSs, which each represent one Ordinary Share.

 

Tang Capital Management shares voting and dispositive power over such shares with Tang Capital Partners and Kevin Tang.

 

Kevin Tang. Kevin Tang beneficially owns 2,643,147 shares of the Ordinary Shares, which consists of: (i) 1,428,489 of the Issuer’s Ordinary Shares and (ii) 1,214,658 of the Issuer’s ADSs, which each represent one Ordinary Share.

 

Page 5 of 8 Pages

 

Kevin Tang shares voting and dispositive power over such shares with Tang Capital Partners and Tang Capital Management.

 

The percentages used herein are based on 49,834,983 Ordinary Shares outstanding as of December 31, 2022, as set forth in the Issuer’s Annual Report filed on Form 20-F that was filed with the Securities and Exchange Commission on April 18, 2023.

 

(b)       Percent of Class:

 

	Tang Capital Partners	5.3%
	Tang Capital Management	5.3%
	Kevin Tang	5.3%

 

(c)       Number of shares as to which such person has:

 

(i)       sole power to vote or to direct the vote:

 

	Tang Capital Partners	0 shares
	Tang Capital Management	0 shares
	Kevin Tang	0 shares

 

(ii)      shared power to vote or to direct the vote:

 

	Tang Capital Partners	2,643,147 shares
	Tang Capital Management	2,643,147 shares
	Kevin Tang	2,643,147 shares

 

(iii)      sole power to dispose or to direct the disposition of:

 

	Tang Capital Partners	0 shares
	Tang Capital Management	0 shares
	Kevin Tang	0 shares

 

(iv)      shared power to dispose or to direct the disposition of:

 

	Tang Capital Partners	2,643,147 shares
	Tang Capital Management	2,643,147 shares
	Kevin Tang	2,643,147 shares

 

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.

 

Not applicable.

 

Page 6 of 8 Pages

 

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.

 

Page 7 of 8 Pages

 

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.

 

 

Date:	May 1, 2023
TANG CAPITAL PARTNERS, LP
By:  Tang Capital Management, LLC, its General Partner
By:	/s/ Kevin Tang
	Kevin Tang, Manager
TANG CAPITAL MANAGEMENT, LLC
By:	/s/ Kevin Tang
	Kevin Tang, Manager
/s/ Kevin Tang
Kevin Tang

 

 

Page 8 of 8 Pages