Tang Capital Partners Files SC 13G on Graphite Bio, Inc.

TL;DR

**Tang Capital Partners just filed an SC 13G on Graphite Bio, Inc., signaling their involvement.**

AI Summary

Tang Capital Partners, LP, a Delaware-based investment firm, has reported a significant stake in Graphite Bio, Inc. (GRPH), a biological products company. As of January 24, 2024, Tang Capital Partners, LP holds 0 shares with sole voting power, indicating a passive investment or a recent change in their holdings that triggered this filing. This matters to investors because it signals that a notable institutional investor is involved with GRPH, which can sometimes be seen as a vote of confidence or a strategic move, even if the current filing shows zero sole voting power.

Why It Matters

This filing indicates that Tang Capital Partners, LP has a reportable interest in Graphite Bio, Inc., which could influence investor perception and potentially future stock performance.

Risk Assessment

Risk Level: low — An SC 13G filing is generally a passive disclosure and doesn't inherently signal high risk, though the zero sole voting power could be interpreted in various ways.

Analyst Insight

Investors should monitor future filings from Tang Capital Partners, LP regarding Graphite Bio, Inc. to understand the full scope of their investment, especially given the reported zero sole voting power, which could imply a recent change in their position or a specific investment strategy.

Key Numbers

• 0 — Sole Voting Power Shares (Shares with sole voting power held by Tang Capital Partners, LP as of January 24, 2024.)
• 38870X104 — CUSIP Number (Unique identifier for Graphite Bio, Inc.'s Common Stock.)
• January 24, 2024 — Date of Event (The date which triggered the requirement for this SC 13G filing.)

Key Players & Entities

• Tang Capital Partners, LP (company) — reporting person and investment firm
• Graphite Bio, Inc. (company) — subject company, a biological products firm
• Kevin Tang (person) — group member associated with Tang Capital Management, LLC
• Tang Capital Management, LLC (company) — group member associated with the reporting entity
• Delaware (company) — place of organization for Tang Capital Partners, LP

Forward-Looking Statements

• Tang Capital Partners, LP will maintain a passive investment stance in Graphite Bio, Inc. (Tang Capital Partners, LP) — high confidence, target: Next 12 months
• The zero sole voting power reported might indicate a recent divestment or a complex ownership structure that will be clarified in future filings. (Graphite Bio, Inc.) — medium confidence, target: Next 3-6 months

FAQ

Key Financial Figures

• $0.00001 — ame of Issuer) Common Stock, par value $0.00001 per share (Title of Class of Securiti

Filing Documents

• b125243sc13g.htm (SC 13G) — 86KB
• ex99_1.htm (EX-99.1) — 7KB
• 0001214659-24-001942.txt ( ) — 95KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Graphite Bio, Inc. (the “Issuer”)

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 611 Gateway Blvd, Suite 120, South San Francisco, CA 94080

(a). Name of Person Filing

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.

(b). Address of Principal Business Office

Item 2(b). Address of Principal Business Office or, if none, Residence: 4747 Executive Drive, Suite 210, San Diego, CA 92121

(c). Citizenship

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.

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock, par value $0.00001 per share (the “Common Stock”)

(e). CUSIP Number 38870X104

Item 2(e). CUSIP Number 38870X104

Not applicable

Item 3. Not applicable.

Ownership

Item 4. Ownership. (a) Amount Beneficially Owned: Tang Capital Partners. Tang Capital Partners beneficially owns 3,117,843 of the Issuer’s Common Stock. 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 3,117,843 of the Issuer’s Common Stock. Tang Capital Management shares voting and dispositive power over such shares with Tang Capital Partners and Kevin Tang. Kevin Tang. Kevin Tang beneficially owns 3,117,843 of the Issuer’s Common Stock. Kevin Tang shares voting and dispositive power over such shares with Tang Capital Partners and Tang Capital Management. Page 5 of 8 Pages The percentages used herein are based on 57,996,481 shares of Common Stock outstanding as of November 9, 2023, as set forth in the Issuer’s Quarterly Report filed on Form 10-Q that was filed with the Securities and Exchange Commission on November 13, 2023. (b) Percent of Class: Tang Capital Partners 5.4% Tang Capital Management 5.4% Kevin Tang 5.4% (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 3,117,843 shares Tang Capital Management 3,117,843 shares Kevin Tang 3,117,843 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 3,117,843 shares Tang Capital Management 3,117,843 shares Kevin Tang 3,117,843 shares

Ownership of Five Percent or Less of a Class

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: ¨

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable. Page 6 of 8 Pages

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

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: February 5, 2024 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

View Full Filing

View this SC 13G filing on SEC EDGAR