Bain Capital Life Sciences Fund II LP
11/15/2024 | Press release | Distributed by Public on 11/15/2024 15:46
Amendment to Beneficial Ownership Report - Form SC 13D/A
SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(a) and Amendments Thereto Filed
Pursuant to § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 6)
MERSANA THERAPEUTICS, INC.
(Name of Issuer)
Common Stock, $0.0001
par value per share
(Title of Class of Securities)
59045L106
(CUSIP Number)
Bain Capital Life Sciences Investors, LLC
200 Clarendon Street
Boston, MA 02116
617-516-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 13, 2024
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
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, as amended ("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. 59045L106 | 13D | Page 2 of 6 |
| 1 |
Names of reporting persons Bain Capital Life Sciences Fund II, L.P. |
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| 2 |
Check the appropriate box if a member of a group (a) ☐ (b) ☐ |
|
| 3 |
SEC use only |
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| 4 |
Source of funds WC |
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| 5 |
Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) ☐ |
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| 6 |
Citizenship or place of organization Cayman Islands |
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Number of shares beneficially owned by each reporting person with: |
7 |
Sole voting power 0 shares of Common Stock |
||
| 8 |
Shared voting power 3,294,423 shares of Common Stock |
|||
| 9 |
Sole dispositive power 0 shares of Common Stock |
|||
| 10 |
Shared dispositive power 3,294,423 shares of Common Stock |
| 11 |
Aggregate amount beneficially owned by each reporting person 3,294,423 shares of Common Stock |
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| 12 |
Check if the aggregate amount in Row (11) excludes certain shares ☐ |
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| 13 |
Percent of class represented by amount in Row (11) 2.7% |
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| 14 |
Type of reporting person PN |
| CUSIP No. 59045L106 | 13D | Page 3 of 6 |
| 1 |
Names of reporting persons BCIP Life Sciences Associates, LP |
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| 2 |
Check the appropriate box if a member of a group (a) ☐ (b) ☐ |
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| 3 |
SEC use only |
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| 4 |
Source of funds WC |
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| 5 |
Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) ☐ |
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| 6 |
Citizenship or place of organization Delaware |
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Number of shares beneficially owned by each reporting person with: |
7 |
Sole voting power 0 shares of Common Stock |
||
| 8 |
Shared voting power 401,244 shares of Common Stock |
|||
| 9 |
Sole dispositive power 0 shares of Common Stock |
|||
| 10 |
Shared dispositive power 401,244 shares of Common Stock |
| 11 |
Aggregate amount beneficially owned by each reporting person 401,244 shares of Common Stock |
|
| 12 |
Check if the aggregate amount in Row (11) excludes certain shares ☐ |
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| 13 |
Percent of class represented by amount in Row (11) 0.3% |
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| 14 |
Type of reporting person PN |
| CUSIP No. 59045L106 | 13D | Page 4 of 6 |
| 1 |
Names of reporting persons BCLS II Investco, LP |
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| 2 |
Check the appropriate box if a member of a group (a) ☐ (b) ☐ |
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| 3 |
SEC use only |
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| 4 |
Source of funds WC |
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| 5 |
Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e) ☐ |
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| 6 |
Citizenship or place of organization Delaware |
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Number of shares beneficially owned by each reporting person with: |
7 |
Sole voting power 0 shares of Common Stock |
||
| 8 |
Shared voting power 4,968,006 shares of Common Stock |
|||
| 9 |
Sole dispositive power 0 shares of Common Stock |
|||
| 10 |
Shared dispositive power 4,968,006 shares of Common Stock |
| 11 |
Aggregate amount beneficially owned by each reporting person 4,968,006 shares of Common Stock |
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| 12 |
Check if the aggregate amount in Row (11) excludes certain shares ☐ |
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| 13 |
Percent of class represented by amount in Row (11) 4.0% |
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| 14 |
Type of reporting person PN |
| CUSIP No. 59045L106 | 13D | Page 5 of 6 |
This Amendment No. 6 to Schedule 13D relates to the Common Stock of Mersana Therapeutics, Inc. (the "Issuer") and amends the initial statement on Schedule 13D filed by the Reporting Persons on April 17, 2020, as amended by Amendment No. 1 filed on January 12, 2021, Amendment No. 2 filed on January 3, 2022, Amendment No. 3 filed on February 8, 2022, Amendment No. 4 filed on April 14, 2022 and Amendment No. 5 filed on May 11, 2022 (the "Initial Statement" and, as further amended by this Amendment No. 6, the "Schedule 13D"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Initial Statement.
On November 13, 2024, the Issuer filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission, which disclosed that the Issuer's total number of outstanding shares of Common Stock had increased to 123,532,909. This Amendment No. 6 is being filed to report a decrease in the percentage of outstanding shares of Common Stock that the Reporting Persons may be deemed to beneficially own.
Item 5. Interest in Securities of the Issuer
Item 5 of the Initial Statement is hereby amended and restated as follows:
The information set forth in Items 2 and 3 and on the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5.
(a) - (b) As of the date hereof, BCLS II holds 3,294,423 shares of Common Stock, representing approximately 2.7% of the outstanding shares of Common Stock, BCIPLS holds 401,244 shares of Common Stock, representing approximately 0.3% of the outstanding shares of Common Stock, and BCLS II Investco holds 4,968,006 shares of Common Stock, representing approximately 4.0% of the outstanding shares of Common Stock. As a result of the foregoing and the relationships described in Item 2(a) of this Schedule 13D, the Reporting Persons may be deemed to beneficially own in the aggregate 8,663,673 shares of Common Stock, representing approximately 7.0% of the outstanding shares of Common Stock. The percentage of the outstanding shares of Common Stock held by the Reporting Persons is based on 123,532,909 shares of Common Stock outstanding as of November 8, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.
(c) Not applicable.
(d) Except as otherwise described in this Item 5, no one other than the Reporting Persons has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds form the sale of, any of the Common Stock beneficially owned by the Reporting Persons as described in this Item 5.
(e) Not applicable.
| CUSIP No. 59045L106 | 13D | Page 6 of 6 |
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Dated: November 15, 2024 | Bain Capital Life Sciences Fund II, L.P. | |||
| By: Bain Capital Life Sciences Investors II, LLC, its general partner | ||||
| By: Bain Capital Life Sciences Investors, LLC, its manager | ||||
| By: |
/s/ Andrew Hack |
|||
| Name: Andrew Hack | ||||
| Title: Partner | ||||
| BCIP Life Sciences Associates, LP | ||||
| By: Boylston Coinvestors, LLC, its general partner | ||||
| By: |
/s/ Andrew Hack |
|||
| Name: Andrew Hack | ||||
| Title: Authorized Signatory | ||||
| BCLS II Investco, LP | ||||
| By: BCLS II Investco (GP), LLC, its general partner | ||||
| By: Bain Capital Life Sciences Fund II, L.P., its managing member | ||||
| By: Bain Capital Life Sciences Investors II, LLC, its general partner | ||||
| By: Bain Capital Life Sciences Investors, LLC, its manager | ||||
| By: |
/s/ Andrew Hack |
|||
| Name: Andrew Hack | ||||
| Title: Partner |