Casdin Capital Ups Stake in Standard BioTools to 14.9%

TL;DR

Casdin Capital just bought more Standard BioTools, now owns 14.9%.

AI Summary

Casdin Capital, LLC, through its filing on June 3, 2024, has amended its Schedule 13D regarding Standard BioTools Inc. The filing indicates a change in beneficial ownership, with Casdin Capital now holding 14.9% of the outstanding shares as of May 30, 2024. This amendment reflects an increase in their stake in the company.

Why It Matters

This filing signals increased conviction from a significant institutional investor in Standard BioTools, potentially influencing future stock performance and strategic decisions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant investors can lead to increased volatility and uncertainty for the company's stock.

Key Numbers

• 14.9% — Ownership Stake (Casdin Capital's beneficial ownership of Standard BioTools Inc. as of May 30, 2024.)

Key Players & Entities

• Casdin Capital, LLC (company) — Filing entity
• Standard BioTools Inc. (company) — Subject company
• Eli Casdin (person) — Authorized contact for Casdin Capital
• 14.9% (percentage) — Beneficial ownership stake
• May 30, 2024 (date) — Date of change in beneficial ownership
• June 3, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $78,750,000 — F in exchange for cash consideration of $78,750,000 and (b) 33,750 shares of Series B-1 Pre
• $33,750,000 — I in exchange for cash consideration of $33,750,000. Pursuant to the Loan Agreement (define
• $8,750,000 — aggregate original principal amount of $8,750,000 and (ii) Casdin PGEII provided a term l
• $3,750,000 — aggregate original principal amount of $3,750,000. Upon the issuance of the Series B-1 Pr
• $0.0001 — of common stock of SomaLogic, par value $0.0001 per share (“SomaLogic Common Stoc
• $2.5849 — 24 Casdin PMF Common Stock 150,000 $2.5849 (1) 5/23/2024 Casdin PMF Common Sto
• $2.6 — 24 Casdin PMF Common Stock 100,000 $2.6 5/28/2024 Eli Casdin Common Stock
• $2.5771 — ltiple transactions within the range of $2.5771 to $2.5865. The Reporting Persons under
• $2.5865 — sactions within the range of $2.5771 to $2.5865. The Reporting Persons undertake to pro

Filing Documents

• d11065386_13d-a.htm (SC 13D/A) — 182KB
• 0000919574-24-003487.txt ( ) — 184KB

From the Filing

SC 13D/A 1 d11065386_13d-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* Standard BioTools Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 34385P108 (CUSIP Number) Eli Casdin Casdin Capital, LLC 1350 Avenue of the Americas, Suite 2600 New York, New York 10019 (212) 897-5430 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 30, 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 ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. _____________ * 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 No. 34385P108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Capital, 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 ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 63,959,677 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 63,959,677 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,959,677 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.29% 14. TYPE OF REPORTING PERSON IA CUSIP No. 34385P108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Private Growth Equity Fund II, L.P. 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 ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 13,939,637 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 13,939,637 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,939,637 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.77% 14. TYPE OF REPORTING PERSON PN CUSIP No. 34385P108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Private Growth Equity Fund II 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 ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 13,939,637 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 13,939,637 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,939,637 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.77% 14. TYPE OF REPORTING PERSON OO CUSIP No. 34385P108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Partners Master Fund, L.P. 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 ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 46,075,821 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 46,075,821 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,075,821 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.46% 14. TYPE OF REPORTING PERSON PN CUSIP No. 34385P108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Partners GP, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)

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