# EDGAR Filing Document

**Accession Number:** 0001566373
**File Stem:** 0001193125-23-020891
**Filing Date:** 2023-2
**Character Count:** 14097
**Document Hash:** 73cc82550e67bd6d1e691152bc170658
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-020891.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001193125-23-020891

**CONFORMED SUBMISSION TYPE**: SC 14D9/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** F-star Therapeutics, Inc.
- **CENTRAL INDEX KEY:** 0001566373
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **IRS NUMBER:** 522386345
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 14D9/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89626
- **FILM NUMBER:** 23574840

**BUSINESS ADDRESS:**
- **STREET 1:** 35 PARKWOOD DRIVE
- **STREET 2:** BABRAHAM RESEARCH CAMPUS
- **CITY:** CAMBRIDGE
- **STATE:** X0
- **ZIP:** CB22 3AT
- **BUSINESS PHONE:** 44 1223 497400

**MAIL ADDRESS:**
- **STREET 1:** 35 PARKWOOD DRIVE
- **STREET 2:** BABRAHAM RESEARCH CAMPUS
- **CITY:** CAMBRIDGE
- **STATE:** X0
- **ZIP:** CB22 3AT

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spring Bank Pharmaceuticals, Inc.
- **DATE OF NAME CHANGE:** 20130108
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** F-star Therapeutics, Inc.
- **CENTRAL INDEX KEY:** 0001566373
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **IRS NUMBER:** 522386345
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 14D9/A

**BUSINESS ADDRESS:**
- **STREET 1:** 35 PARKWOOD DRIVE
- **STREET 2:** BABRAHAM RESEARCH CAMPUS
- **CITY:** CAMBRIDGE
- **STATE:** X0
- **ZIP:** CB22 3AT
- **BUSINESS PHONE:** 44 1223 497400

**MAIL ADDRESS:**
- **STREET 1:** 35 PARKWOOD DRIVE
- **STREET 2:** BABRAHAM RESEARCH CAMPUS
- **CITY:** CAMBRIDGE
- **STATE:** X0
- **ZIP:** CB22 3AT

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spring Bank Pharmaceuticals, Inc.
- **DATE OF NAME CHANGE:** 20130108

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**SCHEDULE 14D-9** 

**(Rule 14d-101)** 

**Solicitation/Recommendation Statement** 

**Under Section 14(d)(4) of the Securities Exchange Act of 1934** 

**(Amendment No. 14)** 

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## F-STAR THERAPEUTICS, INC.
**(Name of Subject Company)** 

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**(Name of Person Filing Statement)** 

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**Common Stock, par value $0.0001 per share** 

**(Title of Class of Securities)** 

**30315R107** 

**(CUSIP Number of Class of Securities)** 

**Eliot Forster, Ph.D.** 

**Chief Executive Officer** 

**Eddeva B920** 

**Babraham Research Campus** 

**Cambridge, CB22 3AT, United Kingdom** 

**+44-1223-497400** 

**(Name, address and telephone number of person authorized to receive notices and communications** 

**on behalf of the person filing statement)** 

***With copies to:***

**William C. Hicks, Esq.** 

**Matthew J. Gardella, Esq.** 

**Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.** 

**One Financial Center** 

**Boston, MA 02111** 

**(617) 542-6000** 

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

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This Amendment No. 14 to Schedule 14D-9 (the "**Amendment**") amends and supplements the Solicitation/ Recommendation Statement on Schedule 14D-9 (as amended or supplemented from time to time, the "**Schedule 14D-9**") previously filed by F-star Therapeutics, Inc., a Delaware corporation (the "**Company**"), with the Securities and Exchange Commission on July 7, 2022 relating to the offer by invoX Pharma Limited, a private limited Company organized under the laws of England and Wales ("**Parent**"), Fennec Acquisition Incorporated, a Delaware corporation ("**Purchaser**") and a direct wholly owned subsidiary of Parent, and Sino Biopharmaceutical Limited, a company organized under the laws of the Cayman Islands ("**Guarantor**") to acquire any and all of the issued and outstanding shares of Common Stock (the "**Company Shares**"), at a purchase price of $7.12 per Company Share (the "**Offer Price**"), net to the seller thereof in cash, and less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 7, 2022 (as amended or supplemented from time to time, the "**Offer to Purchase**"), and in the related Letter of Transmittal (which, together with the Offer to Purchase, as each may be amended or supplemented from time to time, constitute the "**Offer**").

Except as otherwise set forth below, the information set forth in the Schedule 14D-9 remains unchanged and is incorporated by reference as relevant to the items in this Amendment. Capitalized terms used and not defined herein shall have the meanings given to such terms in the Schedule 14D-9. This Amendment is being filed to reflect certain updates as reflected below.

**Item 8. *Additional Information*.** 

Item 8 of the Schedule 14D-9 is hereby amended and supplemented by adding the following:

"On February 1, 2023, Purchaser, Parent and Guarantor extended the Offer to 5:00 p.m., Eastern Time, on February 8, 2023, unless further extended. The purpose of the extension is to provide additional time for the parties to complete negotiations with the Committee on Foreign Investment in the United States ("**CFIUS**") on the definitive terms of a mitigation agreement. The parties believe they are in the late stages of negotiating definitive terms of such mitigation agreement in order to permit the removal of CFIUS's Interim Order. However, there can be no assurances that the parties will reach agreement with CFIUS on a mitigation agreement.

In connection therewith, the parties also entered into Amendment No. 5 to the Merger Agreement to extend the End Date from one minute past 11:59 p.m., Eastern Time, on January 31, 2023 to one minute past 11:59 p.m., Eastern Time, on February 10, 2023. As previously described, the Merger Agreement may be terminated by either party, subject to certain exceptions, if any of the Offer conditions, are not satisfied or waived, to the extent waiveable, by Purchaser on or before the End Date, as defined in the Merger Agreement, as amended, unless further amended by the parties. Further, pursuant to a request by CFIUS, the parties also voluntarily withdrew and immediately refiled the joint voluntary notification filing regarding the transaction. This "pull and refile" procedure was done entirely as an administrative mechanism to permit additional time for the completion of the negotiations with CFIUS, as described above. No additional information or analysis was included therein."

**Forward-Looking Statements** 

This Amendment No. 14 contains forward-looking statements. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates", "plans", "will be" and similar expressions. These forward-looking statements include, without limitation, statements related to the consummation of the acquisition of the Company, the availability of mitigation measures and other statements that are not historical facts.

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These forward-looking statements are based on Parent's and the Company's current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the parties' ability to complete the transaction on the proposed terms and schedule; whether sufficient stockholders of the Company tender their shares in the Transaction; whether the parties can address the concerns raised by CFIUS sufficiently to enable the interim order to be revoked or terminated, or to otherwise permit the closing of the transaction or the equity investment provided for in the Merger Agreement in the event of certain terminations related to the Foreign Investment Condition; whether the Parties and CFIUS will be able to agree on mitigation terms; the possibility that some of the Offer conditions will not be satisfied or waived by Parent, to the extent waiveable, by the Expiration Date; and other risks related to the Company's business detailed from time-to-time under the caption "Risk Factors" and elsewhere in the Company's SEC filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2022 and September 30, 2022. The Company undertakes no duty or obligation to update any forward-looking statements contained in this report as a result of new information, future events or changes in their expectations, except as required by law.

**Item 9. *Exhibits*.** 

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| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| (e)(20) | [Amendment No. 5 to Agreement and Plan of Merger, dated January 31, 2023](d426174dex99e20.htm) |

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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.

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| | |
|:---|:---|
| **F-star Therapeutics, Inc.** | **F-star Therapeutics, Inc.** |
| By: | /s/ Darlene Deptula-Hicks |
|  | Name: Darlene Deptula-Hicks |
|  | Title: Chief Financial Officer |

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Dated: February 1, 2023

## Ex-99.(E)(20)

**Exhibit (e)(20)** 

**<u>AMENDMENT NO. 5 TO AGREEMENT AND PLAN OF MERGER</u>**

This AMENDMENT NO. 5 TO AGREEMENT AND PLAN OF MERGER (this "***Amendment***") is entered into as of January 31, 2023, by and among invoX Pharma Limited, a private limited company under the laws of England and Wales ("***Parent***"), Fennec Acquisition Incorporated, a Delaware corporation and a wholly owned subsidiary of Parent ("***Purchaser***"), and F-star Therapeutics, Inc., a Delaware corporation (the "***Company***" and together with Parent and Purchaser, the "***Parties***").

WHEREAS, the Parties entered into that certain Agreement and Plan of Merger, dated as of June 22, 2022 (the "***Merger Agreement***"), by and among the Parties and Sino Biopharmaceutical Limited, a company organized under the laws of the Cayman Islands ("***Guarantor***"), as amended by that certain Amendment No. 1 to the Merger Agreement, dated as of November 20, 2022, by and among the Parties, as further amended by that certain Amendment No. 2 to the Merger Agreement, dated as of December 19, 2022, by and among the Parties, as further amended by that certain Amendment No. 3 to the Merger Agreement, dated as of December 20, 2022, by and among the Parties, and as further amended by that certain Amendment No. 4 to the Merger Agreement, dated as of December 30, 2022, by and among the Parties;

WHEREAS, capitalized terms used but not defined herein shall have the meanings assigned to them in the Merger Agreement;

WHEREAS, pursuant to Section 9.1 of the Merger Agreement, prior to the Effective Time (as defined in the Merger Agreement) the Merger Agreement may be amended with the approval of each of Parent, Purchaser, and the board of directors of the Company at any time (the "***Requisite Parties***"); and

WHEREAS, the Requisite Parties desire to amend the Merger Agreement pursuant to Section 9.1 of the Merger Agreement as set forth herein.

NOW, THEREFORE, in consideration of the covenants and representations set forth herein and therein, and for other good and valuable consideration, the Requisite Parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Amendment to Section</u> <u>8.1(e) of the Merger Agreement</u>**. Section 8.1(e) of the Merger Agreement is hereby amended and restated in its entirety as follows:

"by either Parent or the Company if the Offer Acceptance Time shall not have occurred on or prior to one (1) minute past 11:59 p.m., Eastern Time, on February 10, 2023 (such date, the "***End Date***");"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>No Other Amendments</u>**. Each future reference to "this Agreement" and other similar references set forth in the Merger Agreement shall refer to the Merger Agreement as modified by this Amendment. Except as and to the extent expressly modified by this Amendment, the Merger Agreement is not otherwise being amended, modified or supplemented and shall remain in full force and effect in accordance with its terms.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>General Provisions</u>**. Article 9 of the Merger Agreement shall apply to this Amendment *mutatis mutandis* and to the Merger Agreement as modified by this Amendment, taken together as a single agreement, reflecting the terms as modified hereby.

[S*ignature pages follow*]

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IN WITNESS WHEREOF, the Requisite Parties have caused this Amendment to be signed, all as of the date first written above.

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| | |
|:---|:---|
| **PARENT:** | **PARENT:** |
| INVOX PHARMA LIMITED | INVOX PHARMA LIMITED |
| By: | /s/ Benjamin Toogood |
| Name: | Benjamin Toogood |
| Title: | Chief Executive Officer |

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[*Signature Page to Amendment No. 5 to Agreement and Plan of Merger*]

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IN WITNESS WHEREOF, the Requisite Parties have caused this Amendment to be signed, all as of the date first written above.

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| | |
|:---|:---|
| **PURCHASER:** | **PURCHASER:** |
| FENNEC ACQUISITION INCORPORATED | FENNEC ACQUISITION INCORPORATED |
| By: | /s/ Benjamin Toogood |
| Name: | Benjamin Toogood |
| Title: | Chief Executive Officer |

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[*Signature Page to Amendment No. 5 to Agreement and Plan of Merger*]

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IN WITNESS WHEREOF, the Requisite Parties have caused this Amendment to be signed, all as of the date first written above.

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| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| F-STAR THERAPEUTICS, INC. | F-STAR THERAPEUTICS, INC. |
| By: | /s/ Eliot Forster, Ph.D. |
| Name: | Eliot Forster, Ph.D. |
| Title: | Chief Executive Officer |

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[*Signature Page to Amendment No. 5 to Agreement and Plan of Merger*]