UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_____________________

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. )*

 

Adicet Bio, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
007002108
(CUSIP Number)
February 12, 2021
(Date of Event which Requires Filing of this Statement)
 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
[   ] Rule 13d-1(b)
[ X  ] Rule 13d-1(c)
[   ] Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 

 

CUSIP No. 007002108



1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Abingworth LLP

  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a) [   ]
  (b) [   ]
3

SEC USE ONLY

  

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

England

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

 

  0 
6

SHARED VOTING POWER

 

1,640,721*
7

SOLE DISPOSITIVE POWER

 

8

SHARED DISPOSITIVE POWER

 

1,640,721*
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,640,721*

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.2%*

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

             

 * See Item 4 for additional information.

   

 
 

 

CUSIP No. 007002108



1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Abingworth Bioventures 8 LP

  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a) [   ]
  (b) [   ]
3

SEC USE ONLY 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

England

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

 

  0 
6

SHARED VOTING POWER

 

1,640,721 *
7

SOLE DISPOSITIVE POWER

 

8

SHARED DISPOSITIVE POWER

 

1,640,721 *
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,640,721 *

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[   ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

5.2%*

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

             

 * See Item 4 for additional information.

 

 
 
 

 

Item 1(a).   Name of Issuer:

 

Adicet Bio, Inc. (the “Issuer”)

 

Item 1(b).   Address of Issuer’s Principal Executive Offices:

 

500 Boylston Street, 12th Floor, Boston, MA 02116

 

Item 2(a).   Name of Persons Filing:

 

This Schedule 13G is being filed on behalf of (i) Abingworth Bioventures 8 LP (“ABV 8”); and (ii) Abingworth LLP (“Abingworth” and together with ABV 8, the “Reporting Persons”). As of February 12, 2021 (the “Event Date”), ABV 8 is the owner of record of 1,640,721 shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Issuer. Abingworth, as the investment manager of ABV 8, may be deemed to beneficially own the 1,640,721 shares of Common Stock held by ABV 8.

 

Item 2(b).   Address of Principal Business Office or, if None, Residence:

 

The business address for Abingworth and ABV 8 is Princes House, 38 Jermyn Street, London, England SW1Y 6DN.

 

Item 2(c).   Citizenship:

 

Abingworth LLP is a limited liability partnership organized under the laws of England. ABV 8 is a limited partnership organized under the laws of England.

  

Item 2(d). Title of Class of Securities:

 

Common Stock, par value $0.0001

 

Item 2(e). CUSIP Number:

 

007002108

  

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:

 

Not Applicable.

 

Item 4. Ownership.  
 

As reported in the cover pages to this report, the ownership information with respect to each of the Reporting Persons is as follows:

 

 
     

 

  (a)  Amount Beneficially Owned: 1,640,721*    
  (b)  Percent of Class: 5.2%*    
  (c)  Number of Shares as to which such person has:      
  (i)  Sole power to vote or to direct the vote: 0    
  (ii)  Shared power to vote or to direct the vote: 1,640,721*   
  (iii)  Sole power to dispose or to direct the disposition of: 0    
  (iv)  Shared power to dispose or to direct the disposition of: 1,640,721*   
           

* Based on the information from the Issuer and other public information, there were 31,318,990 shares of Common Stock outstanding as of the Event Date. Abingworth may be deemed to beneficially own an aggregate of 1,640,721 shares of Common Stock of the Issuer. The number of shares of Common Stock reported above consists of 1,640,721 shares of Common Stock held by ABV 8. Abingworth, as the investment manager of ABV 8, may be deemed to beneficially own the 1,640,721 shares of Common Stock held by ABV 8. Thus, as of the Event Date, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, Abingworth may be deemed to beneficially own 5.2% of the shares of Common Stock deemed issued and outstanding.  

 

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 Persons have ceased to be the beneficial owner of more than five (5) percent of the class of securities, check the following: [  ]

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

Not Applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not Applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not Applicable.

  

Item 10. Certification.

 

    Not Applicable.

  

 
 

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: March 8, 2021

 

   
ABINGWORTH LLP  
   
   
By: /s/ John Heard  
  Name:  John Heard  
  Title:  Authorized Signatory  
   
   
ABINGWORTH BIOVENTURES 8, LP  
   
By: Abingworth LLP, its Manager  
   
   
By: /s/ John Heard  
  Name:  John Heard  
  Title:  Authorized Signatory  
   
   

 

Attention: Intentional misstatements or omissions of fact constitute

Federal criminal violations (See 18 U.S.C. 1001)

 

 

 

 Exhibit Index

 

Exhibit

 

Joint Filing Agreement dated as of March 8, 2021 by and between Abingworth LLP and Abingworth Bioventures 8, LP.

 

 

Exhibit 1

 

 

 

JOINT FILING AGREEMENT

 

 

 

This Agreement will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the common stock of Adicet Bio, Inc. is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below, in accordance with Rule 13d-1 under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

 

 

Dated March 8, 2021

 

ABINGWORTH LLP
 
 
By: /s/ John Heard
  Name:  John Heard
  Title:  Authorized Signatory
 
 
ABINGWORTH BIOVENTURES 8, LP
 
By: Abingworth LLP, its Manager
 
 
By: /s/ John Heard
  Name:  John Heard
  Title:  Authorized Signatory