SC 13G/A: Orgenesis Inc.
Ticker: ORGS · Form: SC 13G/A · Filed: Dec 4, 2024 · CIK: 1460602
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Orgenesis Inc..
Risk Assessment
Risk Level: low
Filing Stats: 1,365 words · 5 min read · ~5 pages · Grade level 8.9 · Accepted 2024-12-04 18:50:26
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- sc13ga310871003jsaf_12042024.htm (SC 13G/A) — 78KB
- ex99113ga310871jsaf_120424.htm (EX-99.1) — 4KB
- 0000921895-24-002879.txt ( ) — 83KB
(a). Name of Issuer
Item 1(a). Name of Issuer: Orgenesis Inc. (the “Issuer”).
(b). Address of Issuer’s Principal Executive Offices
Item 1(b). Address of Issuer’s Principal Executive Offices: Orgenesis Inc. 20271 Goldenrod Lane Germantown, MD 20876
(a). Name of Person Filing
Item 2(a). Name of Person Filing:
(b). Address of Principal Business Office or, if None, Residence
Item 2(b). Address of Principal Business Office or, if None, Residence:
(c). Citizenship
Item 2(c). Citizenship: JSAF Holdings, LLC (“JSAF”) c/o The Wolfson Group One State Street Plaza, 29 th Floor New York, NY 10004 Citizenship: United States Jacob Safier c/o The Wolfson Group One State Street Plaza, 29 th Floor New York, NY 10004 Citizenship: United States Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
(d). Title of Class of Securities
Item 2(d). Title of Class of Securities: Common Stock, par value $0.0001 per share (the “Shares”).
(e). CUSIP Number
Item 2(e). CUSIP Number: 68619K204 4 CUSIP No. 68619K303
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: /x/ Not applicable. (a) / / Broker or dealer registered under Section 15 of the Exchange Act. (b) / / Bank as defined in Section 3(a)(6) of the Exchange Act. (c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) / / Investment company registered under Section 8 of the Investment Company Act. (e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) / / Non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). (k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
Ownership
Item 4. Ownership. (a) Amount beneficially owned: On September 23, 2024, the Issuer announced a reverse stock split at a ratio of 1-for-10. The share amounts set forth in this Schedule 13G/A are presented after giving effect to the reverse stock split. As of September 10, 2024: JSAF Holdings, LLC beneficially owned 311,010 Shares. JSAF is the transferee of 311,010 Shares formerly held and transferred by New Dimensions Trading Ltd. (“New Dimensions”). As a result of this transfer, New Dimensions beneficially owns 0 Shares. Jacob Safier, as the portfolio manager of the Orgenesis investment by JSAF, may be deemed to beneficially own the Shares owned by JSAF and, therefore, may be deemed to beneficially own 516,407 Shares. 4 4 This number includes 5,397 shares currently issuable upon exercise of certain warrants held by Jacob Safier and excludes shares issuable upon exercise of the warrants which are not currently exercisable due to percentage ownership restrictions set forth in the warrants. 5 CUSIP No. 68619K303 (b) Percent of class: The following percentages are based upon 5,169,248 Shares outstanding, which is the total number of Shares reported as outstanding in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2024. As of September 10, 2024: JSAF beneficially owned 6.02% of the outstanding Shares. Jacob Safier may be deemed to beneficially own 9.99% of the outstanding Shares. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9. (ii) Shared power to vote or to direct the vote: 0 Shares. (iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9. (iv) Shared power to dispose or to direct the disposition of: 0 Shares.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.
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 That Acquired the Security Being Reported on by the
Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable. 6 CUSIP No. 68619K303
Certifications
Item 10. Certifications. By signing below each of the undersigned certifies that, to the best of its 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. 7 CUSIP No. 68619K303 SIGNATURE After reasonable inquiry and to the best of his or her knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 4, 2024 JSAF Holdings, LLC By: /s/ Jacob Safier Name: Jacob Safier Title: Manager /s/ Jacob Safier Jacob Safier 8