# EDGAR Filing Document

**Accession Number:** 0001092662
**File Stem:** 0001140361-23-009456
**Filing Date:** 2023-3
**Character Count:** 14083
**Document Hash:** 71aff481714620dedd09872648cfa1d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-009456.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001140361-23-009456

**CONFORMED SUBMISSION TYPE**: SC TO-T/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**GROUP MEMBERS**: BIOSYNEX U.S. HOLDINGS, INC.

**GROUP MEMBERS**: PROJECT MERCI MERGER SUB, INC.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CHEMBIO DIAGNOSTICS, INC.
- **CENTRAL INDEX KEY:** 0001092662
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **IRS NUMBER:** 880425691
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-61925
- **FILM NUMBER:** 23694867

**BUSINESS ADDRESS:**
- **STREET 1:** 555 WIRELESS BLVD.
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** (631) 924-1135

**MAIL ADDRESS:**
- **STREET 1:** 555 WIRELESS BLVD.
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Chembio Diagnostics Inc.
- **DATE OF NAME CHANGE:** 20040607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRADING SOLUTIONS COM INC
- **DATE OF NAME CHANGE:** 19990805
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Biosynex SA
- **CENTRAL INDEX KEY:** 0001964166
- **IRS NUMBER:** 481075703
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-T/A

**BUSINESS ADDRESS:**
- **STREET 1:** 22 BOULEVARD SEBASTIEN BRANT
- **CITY:** ILLKIRCH-GRAFFENSTADEN
- **STATE:** I0
- **ZIP:** 67400
- **BUSINESS PHONE:** 33(0)670860015

**MAIL ADDRESS:**
- **STREET 1:** 22 BOULEVARD SEBASTIEN BRANT
- **CITY:** ILLKIRCH-GRAFFENSTADEN
- **STATE:** I0
- **ZIP:** 67400

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### SCHEDULE TO

#### TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### (Amendment No. 1)<br>

### CHEMBIO DIAGNOSTICS, INC.

#### (Name of Subject Company (Issuer))

#### PROJECT MERCI MERGER SUB, INC.
(Offeror)

#### A wholly-owned indirect subsidiary of

#### BIOSYNEX SA

#### (Parent of Offeror)

#### BIOSYNEX U.S. HOLDINGS, INC.

#### (Other Persons)

#### (Names of Filing Persons (identifying status as Offeror, Issuer or Other Person))

#### COMMON STOCK, PAR VALUE $0.01 PER SHARE

#### (Title of Class of Securities)

#### 163572209

#### (CUSIP Number of Class of Securities)

#### Alexis Steinmetz

#### c/o Biosynex SA

#### 22 Boulevard Sébastien Brant

#### 67400 Illkirch-Graffenstaden, France

#### +33 (0)6 70 86 00 15

#### (Name, address, and telephone numbers of person authorized to receive notices and

#### communications on behalf of filing persons)

#### &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

#### Copies to:

#### James Hu

#### Marc Petitier

#### White & Case LLP

#### 1221 Avenue of the Americas

#### New York, NY 10020
(212) 819-8200

#### <br>
☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☒ Third-party tender offer subject to Rule 14d-1.

☐ Issuer tender offer subject to Rule 13e-4.

☐ Going-private transaction subject to Rule 13e-3.

☐ Amendment to Schedule 13D under Rule 13d-2.

Check the appropriate boxes below to designate any transactions to which the statement relates: ☐

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer) <br>☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

------

This Amendment No. 1 (this "Amendment") amends and supplements the Tender Offer Statement on Schedule TO (as amended and together with any subsequent amendments and supplements hereto, the "Schedule TO") filed by Biosynex SA, Inc., a French société anonyme ("Parent"), Biosynex U.S. Holdings, Inc., a Delaware corporation and a wholly-owned direct subsidiary of Parent ("Holdco"), and Project Merci Merger Sub, Inc., a Nevada corporation and a wholly-owned indirect subsidiary of Parent ("Purchaser") with the Securities and Exchange Commission on February 14, 2023. The Schedule TO relates to the tender offer for all of the issued and outstanding shares of common stock, par value $0.01 per share (the "Shares"), of Chembio Diagnostics, Inc. ("CEMI"), at a price of $0.45 per Share, net to the seller in cash without interest and subject to any required withholding taxes (the "Offer Price"), upon the terms and conditions set forth in the offer to purchase, dated February 14, 2023 (together with any amendments or supplements thereto, the "Offer to Purchase"), a copy of which is attached to the Schedule TO as Exhibit (a)(1)(A), and in the related letter of transmittal (together with any amendments or supplements thereto, the "Letter of Transmittal" and, together with the Offer to Purchase, the "Offer"), a copy of which is attached to the Schedule TO as Exhibit (a)(1)(B).

Except as otherwise set forth in this Amendment, the information set forth in the Schedule TO remains unchanged. This Amendment is being filed to reflect certain updates as reflected below. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Offer to Purchase or the Schedule TO. You should read this Amendment together with the Schedule TO and the Offer to Purchase.

#### Item 11. Additional Information.
The information set forth in Section 16 of the Offer to Purchase titled "Certain Legal Matters; Regulatory Approvals" and Item 11 of the Schedule TO, to the extent such item incorporates by reference the information contained in the Offer to Purchase, is hereby amended and supplemented by replacing the subsection titled "Legal Proceedings" in its entirety with the following:

*"Legal Proceedings.*

On February 17, 2023, a complaint was filed in the United States District Court, Southern District of New York, against CEMI and the individual members of the CEMI Board and management, captioned Sholom Keller v. Chembio Diagnostics, Inc., Katherine L. Davis, John G. Potthoff, David W.K. Acheson, David W. Bespalko, Richard L. Eberly, Leslie Teso-Lichtman, and Lawrence J. Steenvoorden, Case No. 1:23-cv-01388 (the "Complaint").

The Complaint asserts that the defendants violated Sections 14(d), 14(e), and 20(a) of the Exchange Act and certain rules and regulations promulgated thereunder by allegedly making false and misleading statements, or failing to disclose allegedly material facts necessary to make the statements made not misleading, relating to the Merger in the Schedule 14D-9, including allegations relating to the background of the Merger, financial projections, and analyses of Craig-Hallum.

In addition to the Complaint referenced above, thirteen demand letters (the "Demands") have been received from purported stockholders of CEMI as of the date of this Amendment, each challenging certain of the disclosures in the Schedule 14D-9."

&nbsp;&nbsp;&nbsp;&nbsp;<br>

Additional complaints may be filed and/or demand letters may be received in connection with the Merger and the Transactions. If additional similar complaints are filed and/or demand letters received, absent new or different allegations that are material, CEMI, Parent and Purchaser will not necessarily announce such additional complaints or demand letters.

------

On March 1, 2023, CEMI disclosed, among other items, the Complaint and Demands in an amendment to the Schedule 14D-9 ("Amended Schedule 14D-9"). CEMI informed Purchaser and Parent that it believes the disclosures set forth in the Schedule 14D-9 comply fully with applicable laws and that it denies the allegations in the Complaint and Demands. However, in order to moot certain of the disclosure claims and avoid the costs, risks and uncertainties inherent in litigation, and provide additional information to its stockholders, CEMI determined to voluntarily provide certain additional disclosures in the Amended Schedule 14D-9. Nothing in such supplemental disclosures, which also include certain supplemental disclosures unrelated to the Complaint and/or the Demands, should be regarded as an indication that CEMI or CEMI's affiliates, management, directors or other representatives, or any recipient of this information, considered or now considers the information contained in the supplemental disclosures to be material; rather, CEMI believes that the Schedule 14D-9 as filed on February 14, 2023 disclosed all necessary information and denies that any additional disclosures are or were required under any federal or state law.

#### Item 12. Exhibits.
Item 12 of Schedule TO is hereby amended by adding the following exhibit:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [107\*\*](ny20007172x3_ex107.htm) | Filing Fee Table |

---

---

| | |
|:---|:---|
| **Exhibit**<br> **No.** | **Description** |
| [(a)(1)(A)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exa1a.htm) | Offer to Purchase, dated February 14, 2023. |
| [(a)(1)(B)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exa1b.htm) | Letter of Transmittal. |
| [(a)(1)(C)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exa1c.htm) | Letter from the Information Agent to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. |
| [(a)(1)(D)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exa1d.htm) | Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. |
| [(a)(1)(E)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exa1e.htm) | Summary Advertisement, as published in the New York Times on February 14, 2023. |
| (a)(2) | Not applicable. |
| (a)(3) | Not applicable. |
| (a)(4) | Not applicable. |
| [(a)(5)](https://www.sec.gov/Archives/edgar/data/1092662/000114036123003608/ny20007154x1_ex99-1.htm) | Joint Press Release issued by Chembio Diagnostics, Inc. and Biosynex SA, dated January 31, 2023 (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed with the SEC by Chembio Diagnostics, Inc. on January 31, 2023). |
| (b) | Not applicable. |
| [(d)(1)](https://www.sec.gov/Archives/edgar/data/1092662/000114036123003608/ny20007154x1_ex2-1.htm) | Agreement and Plan of Merger, dated January 31, 2023, by and among Biosynex SA, Project Merci Merger Sub, Inc. and Chembio Diagnostics, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by Chembio Diagnostics, Inc. on January 31, 2023). |
| [(d)(2)\*](https://www.sec.gov/Archives/edgar/data/1092662/000114036123006920/ny20007172x2_exd2.htm) | Confidentiality Agreement, dated May 25, 2022, by and among Biosynex SA and Chembio Diagnostics, Inc. |
| (g) | None. |
| (h) | None. |
| [107\*\*](ny20007172x3_ex107.htm) | Filing Fee Table. |

---

\* Previously filed. <br> \*\* Filed herewith.

------

#### SIGNATURE

#### <br>
After due 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.

Dated: March 1, 2023

---

| | |
|:---|:---|
| **PROJECT MERCI MERGER SUB, INC.** | **PROJECT MERCI MERGER SUB, INC.** |
| By | /s/ Larry Abensur |
| Name: | Larry Abensur |
| Title: | President |
| **BIOSYNEX U.S. HOLDINGS, INC.** | **BIOSYNEX U.S. HOLDINGS, INC.** |
| By | /s/ Larry Abensur |
| Name: | Larry Abensur |
| Title: | President |
| **BIOSYNEX SA** | **BIOSYNEX SA** |
| By | /s/ Larry Abensur |
| Name: | Larry Abensur |
| Title: | Chief Executive Officer |

---

------

## Ex-Filing

------

Exhibit 107

Calculation of Filing Fee Table

## SCHEDULE TO

#### (Rule 14d-100)

## CHEMBIO DIAGNOSTICS, INC.

#### (Name of Subject Company (Issuer))

## PROJECT MERCI MERGER SUB, INC.
(Offeror)

#### An Wholly-Owned Indirect Subsidiary of

## BIOSYNEX SA

#### (Parent of Offeror)

#### (Name of Filing Persons (identifying status as offeror, issuer or other person))
Table 1 – Transaction Valuation

---

| | | | |
|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;Transaction&nbsp;&nbsp;&nbsp;&nbsp;<br> Valuation\* | Fee<br> &nbsp;&nbsp;&nbsp;&nbsp;Rate&nbsp;&nbsp;&nbsp;&nbsp; | &nbsp;&nbsp;&nbsp;&nbsp;Amount of&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;Filing Fee\*\*&nbsp;&nbsp;&nbsp;&nbsp; |
| Fees to Be Paid | $18879210.00 | 0.0001102 | $2080.49 |
| Fees Previously Paid |  |  | $2080.49 |
| **Total Transaction Valuation** | $18879210.00 |  |  |
| **Total Fees Due for Filing** |  |  | $2080.49 |
| **Total Fees Previously Paid** |  |  | $2080.49 |
| **Total Fee Offsets** |  |  |  |
| **Net Fee Due** |  |  | $0.00 |

---

\* Estimated for purposes of calculating the filing fee only. Pursuant to Rule 0-11, the transaction valuation was calculated as the product of (a) 41,953,800, the number of shares of common stock, par value $0.001 per share ("Shares"), of Chembio Diagnostics, Inc. ("Chembio") estimated to be outstanding immediately prior to the consummation of the offer and the merger (which includes 36,725,858 outstanding Shares, 3,657,163 Shares that may become outstanding as a result of the exercise of outstanding options, and 1,570,779 Shares that may become outstanding as a result of vesting and settlement of restricted stock units) and (b) $0.45, the offer price for the Shares. The calculation of the filing fee is based on information provided by Chembio as of February 8, 2023.

\*\* The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2023, issued August 26, 2022 and effective on October 1, 2022, by multiplying the transaction valuation by 0.0001102.

------