The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.
Item 1. | Security and Issuer. |
Item 1 is hereby amended and restated to read as follows:
This statement relates to shares of the Common Stock, par value $.002 per share (the “Shares”), of Kent International Holdings, Inc., a Nevada corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 5305 Miramar Lane, Colleyville, Texas 76034.
Item 2. | Identity and Background. |
Item 2 is hereby amended and restated to read as follows:
(a) This statement is filed by Biotechnology Value Fund, L.P., a Delaware limited partnership (“BVF”), Biotechnology Value Fund II, L.P., a Delaware limited partnership (“BVF2”), BVF Investments, L.L.C., a Delaware limited liability company (“BVLLC”), Investment 10, L.L.C., an Illinois limited liability company (“ILL10”), BVF Partners L.P., a Delaware limited partnership (“Partners”), BVF Inc., a Delaware corporation, and Mark N. Lampert. Mr. Lampert is the sole shareholder, sole director and an officer of BVF Inc.
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
(b) The business address of BVF, BVF2, BVLLC, ILL10, Partners, BVF Inc. and Mr. Lampert is 900 North Michigan Avenue, Suite 1100, Chicago, Illinois 60611.
(c) Each of BVF, BVF2, BVLLC and ILL10 specializes in holding biotechnology stocks for investment purposes. Partners is the general partner of BVF and BVF2, which are investment funds. Partners is the manager of BVLLC, which is an investment fund. ILL10 is a managed account, which Partners advises pursuant to an investment management agreement. BVF Inc. is the investment adviser to and general partner of Partners. Mr. Lampert is the sole shareholder, sole director and an officer of BVF Inc.
(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors).
(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction nor, 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.
(f) Mr. Lampert is a citizen of the United States of America.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended and restated to read as follows:
The Reporting Persons no longer beneficially own any securities of the Issuer.
Item 5. | Interest in Securities of the Issuer. |
Item 5(a) is hereby amended and restated to read as follows:
(a) On December 6, 2011, the Issuer filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada, effectuating a one-for-950,000 reverse stock split (the “Reverse Stock Split”). Fractional Shares of stockholders who owned fewer than 950,000 pre-split Shares were redeemed for cash consideration of $2.50 per pre-split Share. Accordingly, the Reporting Persons no longer beneficially own any securities of the Issuer.
Item 5(c) is hereby amended to add the following:
(c) On December 23, 2011, in connection with the Reverse Stock Split each of BVF, BVF2, BVLLC, ILL10 received $2.50 per Share for its 295,352 Shares, 129,100 Shares, 301,154 Shares and 36,860 Shares, respectively.
Item 5(e) is hereby amended and restated to read as follows:
(e) As of December 23, 2011, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: December 28, 2011
BIOTECHNOLOGY VALUE FUND, L.P. | | INVESTMENT 10, L.L.C. |
| | |
By: | BVF Partners L.P., its general partner | | By: | BVF Partners L.P., its investment manager |
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By: | BVF Inc., its general partner | | By: | BVF Inc., its general partner |
| | |
By: | /s/ Mark N. Lampert | | By: | /s/ Mark N. Lampert |
| Mark N. Lampert | | | Mark N. Lampert |
| President | | | President |
BIOTECHNOLOGY VALUE FUND II, L.P. | | BVF X LLC |
| | |
By: | BVF Partners L.P., its general partner | | By: | Biotechnology Value Fund, L.P., member |
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By: | BVF Inc., its general partner | | By: | BVF Partners L.P., its general partner |
| | |
By: | /s/ Mark N. Lampert | | By: | BVF Inc., its general partner |
| Mark N. Lampert | | | |
| President | | By: | /s/ Mark N. Lampert |
| | | | Mark N. Lampert |
| | | | President |
BVF INVESTMENTS, L.L.C. | | BVF PARTNERS L.P. |
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By: | BVF Partners L.P., its manager | | By: | BVF Inc., its general partner |
| | |
By: | BVF Inc., its general partner | | By: | /s/ Mark N. Lampert |
| | | Mark N. Lampert |
By: | /s/ Mark N. Lampert | | | President |
| Mark N. Lampert | | | |
| President | | | |
| | BVF INC. |
| | |
/s/ Mark N. Lampert | | By: | /s/ Mark N. Lampert |
MARK N. LAMPERT | | | Mark N. Lampert |
| | | President |