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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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)

(Amendment No. 6)1

Allot Ltd.

(Name of Issuer)

Common Stock, par value ILS 0.10 per share

(Title of Class of Securities)

M0854Q105

(CUSIP Number)

Outerbridge Capital Management, LLC

767 Third Avenue, 11th Floor

New York, New York 10017

(347) 493-0350

 

Andrew Freedman, Esq.

Olshan Frome Wolosky LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

March 18, 2022

(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.

 

 

 

1              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. M0854Q105

  1   NAME OF REPORTING PERSON  
         
        Outerbridge Capital Management, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF, OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         2,820,612  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,717,749  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,820,612  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        OO, IA  

  

2

CUSIP No. M0854Q105

  1   NAME OF REPORTING PERSON  
         
        Outerbridge Partners, LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         99,604  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          99,604  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        99,604  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

3

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        Outerbridge Special Opportunities Fund II, LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         148,000  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          148,000  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        148,000  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

4

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        Outerbridge Partners GP, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         99,604  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          99,604  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        99,604  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

5

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        Outerbridge Special Opportunities GP II, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         148,000  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          148,000  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        148,000  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

6

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        Rory Wallace  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF, OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        United States of America  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         2,820,612  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,717,749  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,820,612  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

7

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        QVT Family Office Fund LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Cayman Islands  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         1,102,863  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,102,863  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,102,863  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        3.0%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

8

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        QVT Associates GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         1,102,863  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,102,863  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,102,863  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        3.0%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

9

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        QVT Financial LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         1,102,863  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,102,863  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,102,863  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        3.0%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

10

CUSIP No. M0854Q105

 

  1   NAME OF REPORTING PERSON  
         
        QVT Financial GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         1,102,863  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          0  
    10   SHARED DISPOSITIVE POWER  
           
          1,102,863  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,102,863  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        3.0%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

11

CUSIP No. M0854Q105

The following constitutes Amendment No. 6 to the Schedule 13D filed by the undersigned (“Amendment No. 6”). This Amendment No. 6 amends the Schedule 13D as specifically set forth herein.

Item 3.Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The Ordinary Shares beneficially owned by each of the Reporting Persons were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted.

The aggregate purchase price of the 99,604 Ordinary Shares owned directly by Outerbridge Partners is approximately $908,392, excluding brokerage commissions. The aggregate purchase price of the 148,000 Ordinary Shares owned directly by Outerbridge SOF II is approximately $2,364,475, excluding brokerage commissions. The aggregate purchase price of the 1,102,863 Ordinary Shares owned directly by QVT Fund is approximately $15,539,281, excluding brokerage commissions. The aggregate purchase price of the 1,470,145 Ordinary Shares held in the Accounts, which Outerbridge Capital may be deemed to beneficially own, is approximately $17,906,760, excluding brokerage commissions.

Item 5.Interest in Securities of the Issuer.

Items 5(a) – (c) are hereby amended and restated to read as follows:

The aggregate percentage of Ordinary Shares reported owned by each person named herein is based upon 36,405,729 Ordinary Shares outstanding as of October 25, 2021, which is the total number of Ordinary Shares outstanding as reported in Exhibit 99.1 to the Issuer’s Form 6-K filed with the SEC on November 2, 2021.

A.Outerbridge Partners
(a)As of the close of business on March 22, 2022, Outerbridge Partners beneficially owned directly 99,604 Ordinary Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 99,604
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 99,604

 

(c)The transactions in the securities of the Issuer by Outerbridge Partners since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.
B.Outerbridge SOF II
(a)As of the close of business on March 22, 2022, Outerbridge SOF II beneficially owned directly 148,000 Ordinary Shares.

Percentage: Less than 1%

12

CUSIP No. M0854Q105

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 148,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 148,000

 

(c)Outerbridge SOF II has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D.
C.Outerbridge GP
(a)As the general partner of Outerbridge Partners, Outerbridge GP may be deemed the beneficial owner of the 99,604 Ordinary Shares beneficially owned directly by Outerbridge Partners.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 99,604
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 99,604

 

(c)Outerbridge GP has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of Outerbridge Partners since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.
D.Outerbridge GP II
(a)As the general partner of Outerbridge SOF II, Outerbridge GP II may be deemed the beneficial owner of the 148,000 Ordinary Shares beneficially owned directly by Outerbridge SOF II.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 148,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 148,000

 

(c)Outerbridge GP II has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D.
E.Outerbridge Capital
(a)As the investment manager of each of Outerbridge Partners, Outerbridge SOF II and the Accounts, Outerbridge Capital may be deemed the beneficial owner of the (i) 99,604 Ordinary Shares beneficially owned directly by Outerbridge Partners, (ii) 148,000 Ordinary Shares beneficially owned directly by Outerbridge SOF II, and (iii) 1,470,145 Ordinary Shares held in the Accounts. In addition, Outerbridge Capital may be deemed to beneficially own the 1,102,863 Ordinary Shares beneficially owned directly by QVT Fund pursuant to the QVT Voting Agreement (as defined in Item 6).

13

CUSIP No. M0854Q105

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,820,612
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,717,749

 

(c)Outerbridge Capital has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of Outerbridge Partners are set forth in Schedule B and are incorporated herein by reference.
F.Rory Wallace
(a)As the managing member of each of Outerbridge Capital, Outerbridge GP and Outerbridge GP II, Mr. Wallace may be deemed the beneficial owner of the (i) 99,604 Ordinary Shares beneficially owned directly by Outerbridge Partners, (ii) 148,000 Ordinary Shares beneficially owned directly by Outerbridge SOF II, (iii) 1,470,145 Ordinary Shares held in the Accounts, and (iv) 1,102,863 Ordinary Shares beneficially owned directly by QVT Fund.

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,820,612
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,717,749

 

(c)Mr. Wallace has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of Outerbridge Partners are set forth in Schedule B and are incorporated herein by reference.
G.QVT Fund
(a)As of the close of business on March 22, 2022, QVT Fund beneficially owned directly 1,102,863 Ordinary Shares.

Percentage: Approximately 3.0%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,102,863
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,102,863

 

(c)The transactions in the securities of the Issuer by QVT Fund since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.
14

CUSIP No. M0854Q105

H.QVT Associates GP
(a)As the general partner of QVT Fund, QVT Associates GP may be deemed the beneficial owner of the 1,102,863 Ordinary Shares beneficially owned directly by QVT Fund.

Percentage: Approximately 3.0%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,102,863
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,102,863

 

(c)QVT Associates GP has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of QVT Fund since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.
I.QVT Financial
(a)As the investment manager of QVT Fund, QVT Financial may be deemed the beneficial owner of the 1,102,863 Ordinary Shares beneficially owned directly by QVT Fund.

Percentage: Approximately 3.0%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,102,863
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,102,863

 

(c)QVT Financial has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of QVT Fund since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.
J.QVT Financial GP
(a)As the general partner of QVT Financial, QVT Financial GP may be deemed the beneficial owner of the 1,102,863 Ordinary Shares beneficially owned directly by QVT Fund.

Percentage: Approximately 3.0%

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,102,863
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,102,863

 

(c)QVT Financial has not entered into any transactions in the securities of the Issuer since the filing of Amendment No. 5 to the Schedule 13D. The transactions in the securities of the Issuer on behalf of QVT Fund since the filing of Amendment No. 5 to the Schedule 13D are set forth on Schedule B and incorporated herein by reference.

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CUSIP No. M0854Q105

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 is hereby amended to add the following:

As previously disclosed, Outerbridge Partners had purchased certain American-style call options referencing an aggregate of 290,000 Ordinary Shares, which had a strike price of $25.00 per Ordinary Share and had an expiration date of March 18, 2022. These call options expired worthless pursuant to their terms. Accordingly, Outerbridge Partners no longer has any exposure to such options.

As previously disclosed, Outerbridge Partners had purchased certain American-style call options referencing an aggregate of 300,000 Ordinary Shares, which had a strike price of $20.00 per Ordinary Share and had an expiration date of March 18, 2022. These call options expired worthless pursuant to their terms. Accordingly, Outerbridge Partners no longer has any exposure to such options.

As previously disclosed, Outerbridge Partners had purchased certain American-style call options referencing an aggregate of 200,000 Ordinary Shares, which had a strike price of $7.50 per Ordinary Share and had an expiration date of March 18, 2022. Prior to their expiration, these call options were sold. Accordingly, Outerbridge Partners no longer has any exposure to such options.

As previously disclosed, Outerbridge Capital, on behalf of the Accounts, had purchased certain American-style call options referencing an aggregate of 380,000 Ordinary Shares, which had a strike price of $25.00 per Ordinary Share and had an expiration date of March 18, 2022. These call options expired worthless pursuant to their terms. Accordingly, the Accounts no longer have any exposure to such options.

As previously disclosed, Outerbridge Capital, on behalf of the Accounts, had purchased certain American-style call options referencing an aggregate of 300,000 Ordinary Shares, which had a strike price of $10.00 per Ordinary Share and had an expiration date of March 18, 2022. These call options expired worthless pursuant to their terms. Accordingly, the Accounts no longer have any exposure to such options.

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CUSIP No. M0854Q105

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: March 22, 2022

  OUTERBRIDGE CAPITAL MANAGEMENT, LLC
   
  By:

/s/ Rory Wallace

    Name: Rory Wallace
    Title: Managing Member

 

  OUTERBRIDGE PARTNERS, LP
     
  By: Outerbridge Partners GP, LLC, its general partner
     
  By:

/s/ Rory Wallace

    Name: Rory Wallace
    Title: Managing Member

 

  OUTERBRIDGE SPECIAL OPPORTUNITIES FUND II, LP
   
  By: Outerbridge Special Opportunities GP II, LLC, its general partner
     
  By:

/s/ Rory Wallace

    Name: Rory Wallace
    Title: Managing Member

 

  OUTERBRIDGE PARTNERS GP, LLC
   
  By:

/s/ Rory Wallace

    Name: Rory Wallace
    Title: Managing Member

 

  OUTERBRIDGE SPECIAL OPPORTUNITIES GP II, LLC
   
  By:

/s/ Rory Wallace

    Name: Rory Wallace
    Title: Managing Member

 

 

/s/ Rory Wallace

  RORY WALLACE

 

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CUSIP No. M0854Q105

  QVT FAMILY OFFICE FUND LP
   
  By: QVT Associates GP LLC, its general partner
     
  By:

/s/ Dan Gold

    Name: Dan Gold
    Title: Managing Member

 

  By:

/s/ Tracy Fu

    Name: Tracy Fu
    Title: Managing Member

 

  QVT ASSOCIATES GP LLC
   
  By:

/s/ Dan Gold

    Name: Dan Gold
    Title: Managing Member

 

  By:

/s/ Tracy Fu

    Name: Tracy Fu
    Title: Managing Member

 

  QVT FINANCIAL LP
   
  By: QVT Financial GP LLC, its general partner
     
  By:

/s/ Dan Gold

    Name: Dan Gold
    Title: Managing Member

 

  By:

/s/ Tracy Fu

    Name: Tracy Fu
    Title: Managing Member

 

  QVT FINANCIAL GP LLC
   
  By:

/s/ Dan Gold

    Name: Dan Gold
    Title: Managing Member

 

  By:

/s/ Tracy Fu

    Name: Tracy Fu
    Title: Managing Member

 

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CUSIP No. M0854Q105

SCHEDULE B

Transactions in Securities of the Issuer Since the Filing of Amendment No. 5 to the Schedule 13D

Nature of the Transaction

Amount of Securities

Purchased/(Sold)

 Price ($)

Date of

Purchase/Sale

 

OUTERBRIDGE PARTNERS, LP

 

Sale of March 18, 2022 Call Options ($7.50 Strike Price) 200,000 $0.2025 03/17/2022

 

QVT FAMILY OFFICE FUND LP

 

Purchase of Ordinary Shares 40,641 $7.7714 03/16/2022