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 September 2023
Commission File Number: 001-39131
LIMINAL BIOSCIENCES INC.
(Translation of registrant’s name into English)
440 Armand-Frappier
Boulevard, Suite 300
Laval, Québec
H7V 4B4
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
x Form 20-F ¨ Form
40-F
INCORPORATION BY REFERENCE
This Report
on Form 6-K (the “Report”) and Exhibits 99.1 and 99.2 to this Report are hereby expressly incorporated by reference into the
registrant’s registration statements on Form F-3 (File nos. 333-251055, 333-245703 and 333-251065) filed with the Securities and
Exchange Commission on December 1, 2020, December 2, 2020 and December 2, 2020, respectively, and the registration statement on Form S-8
(File no. 333-235692) filed with the Securities and Exchange Commission on December 23, 2019.
EXHIBIT LIST
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.
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Liminal BioSciences Inc. |
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Date: September 15,
2023 |
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By: |
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/s/ Bruce Pritchard |
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Name |
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Bruce Pritchard |
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Title: |
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Chief Executive Officer |
EXHIBIT 99.1
LIMINAL BIOSCIENCES SHAREHOLDERS APPROVE PLAN
OF ARRANGEMENT WITH STRUCTURED ALPHA LP
LAVAL, QC and CAMBRIDGE, England, Sept. 15, 2023 /CNW/
- Liminal BioSciences Inc. (NASDAQ: LMNL) ("Liminal BioSciences" or the "Company"), is pleased to announce
that its shareholders have approved the previously-announced plan of arrangement under section 192 of the Canada Business Corporations
Act (the "Arrangement") pursuant to which Structured Alpha LP ("SALP"), a limited partnership managed by its general
partner, Thomvest Asset Management Ltd., will acquire all of the issued and outstanding common shares of Liminal BioSciences (the "Shares")
not currently owned by SALP or its affiliates and associates at a price of US$8.50 per Share, payable in cash (the "Arrangement").
Further details regarding the Arrangement are described in the management information circular dated August 16, 2023 (the "Circular")
mailed to Liminal BioSciences shareholders in connection with the Arrangement, as well as in the supplement to the Circular dated September
12, 2023, each of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
At a special meeting of the Company's shareholders
held earlier today (the "Meeting"), the special resolution to approve the Arrangement was approved by approximately 98.82%
of the votes cast by holders of Shares virtually present or represented by proxy at the Meeting, and by approximately 92.34% of the votes
cast by holders of Shares virtually present or represented by proxy at the Meeting, excluding the votes of holders of Shares whose votes
are required to be excluded for the purposes of "minority approval" under Multilateral Instrument 61-101 – Protection
of Minority Security Holders in Special Transactions in the context of a "business combination", including the Shares over
which SALP and its affiliates and associates exercise control or direction. A report on the voting results for the special meeting will
be filed under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
The Arrangement remains subject to the satisfaction
or waiver of certain other closing conditions customary in a transaction of this nature, including the receipt of a final order from the
Ontario Superior Court of Justice (Commercial List) approving the Arrangement (the "Final Order"). The hearing in respect of
the Final Order is scheduled to take place on September 19, 2023. Assuming that these remaining conditions to closing are satisfied, the
Arrangement is expected to close at or around the end of September 2023.
About Liminal BioSciences Inc.
Liminal BioSciences is a development stage biopharmaceutical
company focused on discovering and developing novel and distinctive small molecule therapeutics that modulate G protein-coupled receptors,
or GPCR, pathways. Liminal BioSciences is designing proprietary novel small molecule therapeutic candidates with the intent of developing
best/first in class therapeutics for the treatment of metabolic, inflammatory and fibrotic diseases with significant unmet medical needs,
using our integrated drug discovery platform, medicinal chemistry expertise and deep understanding of the GPCR biology. Liminal BioSciences'
pipeline is currently made up of three programs. The candidate selected for clinical development, LMNL6511, a selective antagonist for
the GPR84 receptor, is expected to commence a Phase 1 clinical trial in the second half of 2023. Liminal BioSciences is also developing
LMNL6326 as an antagonist for the OXER1 receptor, targeting treatment of eosinophil-driven disease, and GPR40 agonists, both of which
are at the preclinical stage. In addition to these programs, Liminal BioSciences continues to explore other development opportunities
to add to its pipeline.
Liminal BioSciences has active business operations
in Canada and the United Kingdom.
About Structured Alpha LP
Thomvest Asset Management Ltd. is the general partner
of SALP. Thomvest Asset Management Ltd. and its affiliates are a group of investment companies that make investments on behalf of Peter
J. Thomson and his family.
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of Canadian and U.S. securities laws. Some of the forward-looking statements can be identified by the use of forward-looking
words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest,"
"plan," "believe," "intend," "estimate," "target," "project," "should,"
"could," "would," "may," "will," "forecast" and other similar expressions are intended
to identify forward-looking statements. These forward-looking statements generally include statements that are predictive in nature and
depend upon or refer to future events or conditions, including, but not limited to statements related to Liminal BioSciences' business
in general, the ability to complete and the timing of completion of the Arrangement and the other transactions contemplated by the arrangement
agreement between Liminal BioSciences and SALP, including the parties' ability to satisfy the conditions to the consummation of the Arrangement
and the possibility of any termination of the agreement.
These statements are "forward-looking" because
they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or
results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business,
or if our estimates or assumptions turn out to be inaccurate. Among the factors that could cause actual results to differ materially from
those described or projected herein include, but are not limited to, risks associated with: uncertainties with respect to the timing of
the Arrangement; the risk that competing offers or acquisition proposals will be made; the possibility that various conditions to the
consummation of the offer may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant
approval for the consummation of the Arrangement at all or on acceptable terms or within expected timing; the risk that stockholder litigation
in connection with the Arrangement may result in significant costs of defense, indemnification and liability; the effects of disruption
from the Arrangement on Liminal BioSciences' business and the fact that the announcement and pendency of the Arrangement may make it more
difficult to establish or maintain relationships with employees and business partners; uncertainties associated generally with research
and development, clinical trials and related regulatory reviews and approvals; Liminal BioSciences' ability to continue to comply with
Nasdaq Listing Rule 5450(a)(1) to remain listed on Nasdaq; Liminal BioSciences' expected cash runway and Liminal BioSciences' ability
to actively seek and close on opportunities to monetize non-core assets or commercial opportunities related to our assets; Liminal BioSciences'
reliance on third parties to conduct, supervise and monitor existing clinical trials and potential future clinical trials; developments
from Liminal BioSciences' competitors and the marketplace for Liminal BioSciences' product candidates; and business, operations and clinical
development timelines and plans may be adversely affected by geopolitical events and macroeconomic conditions, including rising inflation
and interest rates and uncertain credit and financial markets, and matters related thereto; and other risks and uncertainties affecting
Liminal BioSciences, including in the Annual Report on Form 20-F for the year ended December 31, 2022, as well as other filings and reports
Liminal BioSciences may make from time to time. As a result, we cannot guarantee that any given forward-looking statement will materialize.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements and estimates, which
speak only as of the date hereof. We assume no obligation to update any forward-looking statement contained in this press release even
if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws
and regulations.
View original content to download multimedia:https://www.prnewswire.com/news-releases/liminal-biosciences-shareholders-approve-plan-of-arrangement-with-structured-alpha-lp-301929303.html
SOURCE Liminal BioSciences Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2023/15/c1020.html
%CIK: 0001351172
For further information: Nicole Rusaw, Chief Financial Officer, n.rusaw@liminalbiosciences.com
CO: Liminal BioSciences Inc.
CNW 11:29e 15-SEP-23
Exhibit 99.2
VIA
SEDAR
September
15, 2023
RE: |
Report of Voting Results pursuant to Section 11.3 of National Instrument 51-102 –
Continuous
Disclosure Obligations (“NI 51-102”)
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Following
the Special Meeting of the Shareholders of Liminal BioSciences Inc.
(the “Company”) held virtually on September 15, 2023 (the “Meeting”),
and in accordance with Section 11.3 of NI 51-102, continuous disclosure obligations, we
hereby advise you of the matter voted upon
at the Meeting and the voting results, the whole as detailed in the Management Information Circular of
the Company dated August 16, 2023 (the “Circular”). All capitalized terms
used herein and not otherwise defined have the meaning set
forth in the Circular.
According
to the scrutineers’ report, the holders of Shares virtually present or represented by proxy at the
Meeting, represented 2,349,689 Shares, or 72.31% of the 3,249,534 Shares
outstanding on August 15, 2023, the
record date for the Meeting.
Approval
of Arrangement Resolution
The
Arrangement Resolution, the full text of which is set forth in Appendix A to the Circular,
authorizing the plan of arrangement under section 192 of the Canada Business Corporations
Act, involving the Company and Structured Alpha
LP was approved by (i) not less than two-
thirds (662/3%) of the votes cast by the holders of
Shares virtually present or represented by proxy at the Meeting, voting as a single
class, and (ii) a simple majority (more than 50%) of the votes cast by the holders of Shares
virtually present or represented by proxy at
the Meeting, excluding the votes of holders of Shares whose votes are
required to be excluded for the purposes of “minority approval” under
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). Full details of the Arrangement Resolution
and the Arrangement are set out in the Circular, available under the Company’s profiles on SEDAR+ at www.sedarplus.ca
and EDGAR at www.sec.gov.
Based
on proxies and ballots received, votes were cast as
follows:
Category of Voting |
For |
Against |
|
Votes |
% |
Votes |
% |
All voting Shareholders |
2,321,822 |
98.82% |
27,721 |
1.18% |
All voting Shareholders
except those required to be excluded under MI 61-101 |
334,209 |
92.34% |
27,721 |
7.66% |
Liminal
BioSciences Inc.
(s) Marie
Iskra
Marie
Iskra
General
Counsel and Secretary
Liminal BioSciences (NASDAQ:LMNL)
過去 株価チャート
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Liminal BioSciences (NASDAQ:LMNL)
過去 株価チャート
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