# EDGAR Filing Document

**Accession Number:** 0001830162
**File Stem:** 0001493152-23-005408
**Filing Date:** 2023-2
**Character Count:** 9558
**Document Hash:** 409464e03d87e9a52a61d2ff1b684729
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005408.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001493152-23-005408

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230217

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 4D Pharma PLC
- **CENTRAL INDEX KEY:** 0001830162
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40106
- **FILM NUMBER:** 23642007

**BUSINESS ADDRESS:**
- **STREET 1:** 9 BOND COURT
- **CITY:** LEEDS
- **STATE:** X0
- **ZIP:** LS1 2JZ
- **BUSINESS PHONE:** 44-0-113-895-0130

**MAIL ADDRESS:**
- **STREET 1:** 9 BOND COURT
- **CITY:** LEEDS
- **STATE:** X0
- **ZIP:** LS1 2JZ

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**Report of Foreign Private Issuer**

**Pursuant to Rule 13a-16 or 15d-16**

**under the Securities Exchange Act of 1934**

For the month of **February 2023**

**Commission File Number: 001-40106**

**4D pharma plc**

*(Translation of Registrant's name into English)*

 

**5th Floor, 9 Bond Court**

**Leeds**

**LS1 2JZ**

**United Kingdom**

**Tel: +44 (0) 113 895 013**

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

On February 15, 2023, 4D pharma plc (the "Company," "4D," "4D pharma," "we," "us" or "our") issued a press release entitled "Cancellation of admission to trading on AIM" regarding the cancellation of the Company's ordinary shares from admission to trading on the Alternative Investment Market ("AIM").

A copy of the press release is attached as Exhibit 99.1 to this current report on Form 6-K and is incorporated by reference herein. This press release is incorporated by reference into the registration statements on Form F-3 (File No. 333-263372 and File No. 333-264419) of 4D pharma plc, filed with the U.S. Securities and Exchange Commission, to be a part thereof from the date on which this press release is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

**INDEX TO EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Exhibit Title** |
| 99.1 | [Press Release, dated February 15, 2023.](ex99-1.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
|  | **4D pharma plc** |
| Date: February 17, 2023 | */s/ James Clark* |
|  | James Clark |
|  | Administrator |

---

## Exhibit 99.1

**Exhibit 99.1**

**4D pharma plc (in administration)**

**Cancellation of admission to trading on AIM**

**Leeds, UK, 15 February 2023 – 4D pharma plc (the "Company") (AIM: DDDD, NASDAQ: LBPS)**, a pharmaceutical company leading the development of Live Biotherapeutic products (LBPs), a novel class of drug derived from the microbiome, announces the cancellation of the admission to trading of its ordinary shares with effect from 7.00 a.m. tomorrow, Thursday 16 February 2023.

On 24 June 2022, the Company entered into administration pursuant to paragraph 14 of Schedule B1 to the Insolvency Act 1986 (the "**Act**"), David John Pike and James Richard Clark (together, the "**Joint Administrators**") were appointed as joint administrators of the Company (the "**Administration**") and the Company's ordinary shares were suspended from trading on AIM.

On 7 October 2022, Armistice Capital Master Fund Ltd ("**Armistice**") acquired the secured debt under which the Company was placed into the Administration. Armistice are the sole secured creditor of the Company and the party with the primary economic interest in the Administration.

Since 7 October 2022, in line with their statutory duties under paragraph 3(1)(a) of Schedule B1 to the Act, the Joint Administrators have been engaged in further discussions with Armistice with a view to securing a permanent solution to the Company's funding shortfall as (i) a possible means of achieving the rescue of the Company as a going concern, (ii) the Company's eventual exit from the Administration pursuant to paragraph 80(2) of Schedule B1 to the Act and (iii) the return from suspension of its ordinary shares on AIM (together, the "**Administration Exit**"). The Administration Exit was to be funded primarily by the issuance of ordinary shares in the Company to be subscribed for by Armistice for an aggregate total subscription price of USD $15,000,000 (the "**Equity Raise**"), subject to the approval of the Company's shareholders as required for the issuance of such shares.

An extraordinary general meeting of the Company's shareholders was therefore called pursuant to a circular issued by the Joint Administrators on 30 December 2022 and such meeting was held on 16 January 2023, whereby the requisite shareholder approval to the Equity Raise was secured.

On 31 January 2023, Armistice notified the Joint Administrators that, as the Company's secured creditor, it would no longer support the use of the Company's cash assets to progress work towards the Administration Exit and that the Equity Raise, being the principal funding under which the Administration Exit was to be funded, would no longer be provided. In view of Armistice's decision in this regard, the Administration Exit is no longer a tenable option for the Company acting by the Joint Administrators.

In light of the above developments, the Joint Administrators have proceeded to market the constituent assets of the Company (including certain businesses and assets of the Company's subsidiaries) for sale with a view to maximising realisations for the Company's creditors and, in the event of any proceeds of such sales being in surplus of the Company's secured debt, its shareholders (the "**New Sales Process**"). The Joint Administrators are undertaking the New Sales Process as, at the date of this announcement, it is the option with the greatest likelihood of producing the most return for the Company's stakeholders and as such are acting in accordance with their statutory duties under the Act.

As the Administration Exit is no longer a viable option for the Company, its ordinary shares will not return from suspension and instead will be cancelled from admission to trading on AIM with effect from 7.00 a.m. tomorrow, Thursday 16 February 2023.

**Enquiries:**

---

| | |
|:---|:---|
| **4D Pharma Plc (in administration)** |  |
| James Richard Clark<br> Joint Administrator | + 44 20 3989 2800 |
| David John Pike<br> Joint Administrator | + 44 20 3989 2800 |
| **Singer Capital Markets Nominated Adviser** |  |
| Phil Davies | + 44 20 7496 3000 |

---

 **

***Overseas jurisdictions***

 **

*The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and/or regulations. Persons who are not resident in the United Kingdom or who are subject to the laws and regulations of other jurisdictions should inform themselves of, and observe, any applicable requirements, as any failure to comply with such requirements may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the Company and all persons involved in the New Sales Process or the cancellation of the admission to trading of the Company's ordinary shares on AIM disclaim any responsibility or liability for the violation of such restrictions by any person.*

 

***Publication on Website***

 ****

*A copy of this announcement will be made available on the Company's website at www.4dpharmaplc.com and by no later than 12 noon (London time) on the first business day following the date of this announcement. The content of the Company's website is neither incorporated into nor form part of this announcement.*

 

***Disclaimer***

 ****

*The Joint Administrators have prepared this announcement as agents for and on behalf of the Company and neither they nor their firm, partners or employees shall incur any personal liability whatsoever in respect of any of the obligations undertaken by the Company, or in respect of any failure on the part of the Company to observe, perform or comply with any such obligations; or under or in relation to any associated arrangements or negotiations; or under any document or assurance made pursuant to or in connection with this announcement other than, in each case, in respect of gross negligence, fraud or wilful misconduct.*

 

*The Joint Administrators have prepared this announcement in their personal capacities only for the purpose of receiving the benefit of the exclusions, limitations, and protections in their favour contained in this disclaimer.*

 

*This disclaimer shall continue for the benefit of the Joint Administrators, notwithstanding the fact that the Joint Administrators may cease to act as officeholder in respect of the Company.*