UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment No. 8)*
Ainos,
Inc.
(Name
of Issuer)
Common
Stock, par value $0.01 per share
(Title
of Class of Securities)
00902F303
(CUSIP
Number)
Chun-Hsien
Tsai
Chief
Executive Officer
Ainos,
Inc.
14F.,
No. 61, Sec. 4, New Taipei Boulevard, Xinzhuang District
New
Taipei City 242, Taiwan F5
886-37-581999
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 15, 2024
(Date of Event Which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
*
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 disclosures provided in a prior cover
page.
The
information required on 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).
1 |
NAME OF REPORTING PERSON:
Ainos Inc. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): |
|
(a) |
☒ |
|
(b) |
☐ |
3 |
SEC USE ONLY:
|
|
4 |
SOURCE OF FUNDS (SEE INSTRUCTIONS):
OO |
5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e): ☐
|
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER:
10,904,1841 |
8 |
SHARED VOTING POWER:
0 |
9 |
SOLE DISPOSITIVE POWER:
2,456,3192 |
10 |
SHARED DISPOSITIVE POWER:
8,447,865 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,456,3192 |
12 |
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): ☐
|
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
17.97
2, 3 |
14 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
CO |
1, Includes
(1) 2,456,319 shares of common stock, $0.01 par value, of Ainos, Inc., a Texas corporation (the “Issuer”), owned
directly by Ainos Inc., a Cayman Islands company (“Ainos KY”), (ii) 538,868 shares pursuant to a Voting Agreement dated
January 26, 2024 (the “2024 Voting Agreement”), by and among the Issuer, Ainos Inc., and Chun-Hsien Tsai, Ting Chuan
Lee, Chun-Jung Tsai, and Chung-Yi Tsai (the “Tsai Group”); (iii) 96,920 shares of common stock pursuant to a Voting
Agreement dated March 7, 2024 (the “2024 Voting Agreement II”) with Chih-Heng Lu; (iv) 2,312,077 shares pursuant to a
Voting Agreement dated May 3, 2024 between Ainos KY and ASE Test, Inc. (“ASE Test” and the “ASE Voting
Agreement”) (with the 2,312,077 ASE Test shares consisting of the following (a) 29,411 shares owned by ASE Test, (b) 282,666
shares issuable to ASE Test upon conversion of outstanding convertible notes of the Issuer and (c) 2,000,000 shares issuable to ASE
Test upon conversion of a convertible note of the Issuer issuable within 60 days), and (v) 5,500,000 shares pursuant to a Voting
Agreement dated August 15, 2024 between Ainos KY and Taiwan Carbon Nano Technology Corporation.
2
Represents beneficial ownership of 2,456,319
shares of common stock of the Issuer, consisting of 2,456,319 shares owned directly by Ainos KY and excludes (i) 538,868 shares
pursuant to the 2024 Voting Agreement; (ii) 96,920 shares of common stock pursuant to the 2024 Voting Agreement II; (iii)
2,312,077 shares pursuant to the ASE Voting Agreement as detailed in Note 1, and (iv) 5,500,000 shares pursuant to a Voting
Agreement dated August 15, 2024 between Ainos KY and Taiwan Carbon Nano Technology Corporation.
3
Based on the sum of (i) 7,663,022 shares of
Common Stock outstanding as of August 2, 2024 as set forth in the Quarterly Report on Form 10-Q of the Issuer filed with the SEC on August
5, 2024, (ii) 382,384 shares of Common Stock issued to an institutional investor upon conversion of certain convertible notes on August
5, 2024, (iii) 5,500,000 shares of Common Stock issued to TCNT pursuant to the patent license agreement (the “License Agreement”)
by and between the Issuer and TCNT, dated August 15, 2024, and (iv) 126,060 restricted stock units (“RSUs”) that vested
on August 15, 2024 under the Ainos, Inc. 2023 Stock Incentive Plan with the underlying shares of the RSUs issued on August 16th.
This
Amendment No. 8 to Schedule 13D (“Amendment No. 8”) amends and supplements the Schedule 13D dated April 28, 2021 (the “Original
Statement”), as amended and restated by Amendment No. 1 dated December 13, 2023, as amended by Amendment No. 2 dated March 8, 2022,
as amended by Amendment No. 3 dated September 2, 2022, as amended by Amendment No. 4 dated August 15, 2023, as amended by Amendment No.
5 dated January 29, 2024, as amended by Amendment No. 6 dated March 11, 2024, as amended by Amendment 7 dated May 6, 2024 (the Original
Statement, as so amended shall be known as the “Statement”), with respect to the (i) the common stock, par value $0.01 per
share (the “Common Stock”), of the Issuer. Unless otherwise indicated, all capitalized terms used herein shall have the same
meaning as set forth in the Statement.
Except
as set forth below, there are no changes to the information set forth in the Statement.
Items
2, 3, 4, 5 and 6 of the Statement are hereby amended as follows:
Item
2. Identity and Background
(a-b)
This Schedule is being filed by Ainos Inc., a Cayman Islands corporation (“Ainos KY”). The principal business and office
address of Ainos KY is P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1 - 1205 Cayman Islands.
Ainos
KY is controlled by Taiwan Carbon Nano Technology Corporation, a Taiwanese corporation (“TCNT” and together with the Issuer,
the “Parties”). The principal business and office address of TCNT is 10F-2, No. 66, Shengyi 5th Rd., Zhubei City, Hsinchu
County 30261, Taiwan (R.O.C.).
(c)
The principal business of Ainos KY is a holding company of the Issuer’s securities. The principal business of TCNT is the development
of advanced materials for industrial and medical device applications.
See
Schedules A and B for information about the directors and executive officers of the Parties.
(d-e)
During the last five years, the reporting person and respective executive officers and directors, as applicable, have not (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Item
3. Source and Amount of Funds or Other Consideration
Since
the filing of Amendment No.7, Chun-Hsien Tsai, Ting Chuan Lee, Chun-Jung Tsai, and Chih-Heng Lu were awarded 26,100, 14,400, 16,200,
and 6,000 restricted stock units (“RSUs”), respectively, under the Ainos, Inc. 2023 Stock Incentive Plan. Additionally, 1,920
RSUs will vest to Chih-Heng Lu under the Ainos, Inc. 2023 Stock Incentive Plan within 60 days of this Statement. Under the 2024 Voting
Agreement and the 2024 Voting Agreement II, Ainos KY has the sole discretion to determine the vote of all the parties’ voting stock
of the Issuer.
Pursuant
a patent license agreement by and between the Issuer and TCNT, the Issuer issued 5,500,000 shares of common stock to TCNT on August 15,
2024. On the same day, TCNT entered into a voting agreement with Ainos KY and, pursuant to such voting agreement, TCNT has agreed to
vote all of the voting stock of the Company that is current owns or will acquire in the future in the manner determined by Ainos KY in
its sole discretion.
The
information requested by this Item 3 is incorporated herein by reference to Item 5 hereof.
Item
4. Purpose of Transaction
Ainos
KY acquired the Common stock in the Issuer for investment purposes.
Except
as disclosed herein, each of the Parties has no plans which relate to or would result in an event described in subparagraphs (a) through
(j) of Item 4 of Schedule 13D. However, each of the Parties may, from time to time, engage in discussions, whether initiated by the Parties
or another party, concerning proposals for transactions or other arrangements that may relate to or, if consummated, result in an event
described in Item 4 of Schedule 13D. Each of the Parties may review and evaluate their respective investments in the Issuer at any time,
whether in light of the discussions described in the immediately preceding sentence or otherwise, which may give rise to plans or proposals
that, if consummated, would result in one or more of the events described in Item 4 of Schedule 13D. Any such discussion or actions may
consider various factors, including, without limitation, the Issuer’s business prospects and other developments concerning the
Issuer, alternative investment opportunities, general economic conditions, financial and stock market conditions and any other facts
and circumstances that may become known to the Parties regarding or related to the matters described in this Statement.
Item
5. Interest in Securities of the Issuer
Items 5 of the Statement are hereby amended and restated as follows:
(a)
- (b) The information requested by these paragraphs are incorporated herein by reference to the cover pages to this Amendment No. 8.
(c)
Since the most recent filing of Amendment No. 7 to Schedule 13D on May 6, 2024, the following transactions have occurred:
(1)
Effective August 15, 2024, Ainos KY and TCNT entered into a voting agreement with respect to the voting
stock of the Issuer held by TCNT as described further in Item 6.
(d)
No other person is known to the Parties to have the right to receive or the power to direct the receipt of dividends or the proceeds
from the sale of the Shares (other than their respective records owner).
(e)
Not applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships With Respect To Securities Of The Issuer
Item
6 of the Statement is hereby amended and supplemented as follows:
Pursuant
a patent license agreement by and between the Issuer and TCNT, the Issuer issued 5,500,000 shares of common stock to TCNT on August 15,
2024. On the same day, TCNT entered into a voting agreement with Ainos KY and, pursuant to such voting agreement, TCNT has agreed to
vote all of the voting stock of the Company that is current owns or will acquire in the future in the manner determined by Ainos KY in
its sole discretion. The Voting Agreement may only be terminated if (i) Ainos KY directly holds less than 10% of the shares of the
Issuer; or (ii) when Ainos KY directly holds shares which have less than 10% of the voting power in the Issuer. This voting agreement
will cease to apply to a particular stockholder when the stockholder holds no shares in the Issuer; or when the stockholder ceases to
be subject to the obligations under Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), if
applicable.
Other
than the foregoing agreements and arrangements, there are no contracts, arrangements, understandings or relationships (legal or otherwise)
among Ainos KY or the Parties and any other person with respect to any securities of the Issuer, including, but not limited to transfer
or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
Item
7. Material to be Filed as Exhibit
SIGNATURES
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.
Dated:
August 20, 2024
|
AINOS INC. |
|
|
|
|
By: |
/s/ Chun-Hsien Tsai |
|
Name: |
Chun-Hsien Tsai |
|
Title: |
Director and CEO |
SCHEDULE
A
Officers
and Directors of Ainos KY
Name |
|
Principal
Occupation (and name/address of employer if not one of the entities listed on this Schedule) |
|
Principal
Business Address |
|
Interest
in Issuer (in shared of Common Stock) |
Hung-Szu
Tung |
|
Director
of Ainos KY |
|
See
Note 1. |
|
None |
Chun-Hsien
Tsai |
|
Director
of Ainos KY, Chairman and Chief Executive Officer
of TCNT, and Chairman, President, and CEO of the Issuer |
|
See
Note 1. |
|
397,5502 |
Chun-Jung
Tsai |
|
Director
of each of Ainos KY and TCNT and employee director
of the Issuer |
|
See
Note 1. |
|
88,3863 |
Chih-Heng
Lu |
|
Director
of Ainos KY and Director of Corporate Development of the Issuer |
|
See
Note 1. |
|
96,920 |
Note
1: The address of each individual is c/o Ainos, Inc., P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman,
KY1 - 1205 Cayman Islands and each individual is a citizen of Taiwan.
Note
2: Chun-Hsien Tsai’s beneficially owns 302,319 (direct) shares and 95,231 (indirect) shares beneficially owned by his wife, Ting
Chuan Lee, a director of the Issuer.
Note
3: Chun-Jung Tsai beneficially owns 88,386 shares of Common Stock of the Issuer.
SCHEDULE
B
Officers
and Directors of TCNT
Name |
|
Principal
Occupation (and name/address of employer if not one of the entities listed on this Schedule) |
|
Principal
Business Address |
|
Interest
in Issuer (in shared of Common Stock) |
Ting-Chuan
Lee |
|
Director of TCNT and employee director of the Issuer |
|
See
Note 1. |
|
95,2312 |
Chung-Yi
Tsai |
|
Director of TCNT and non-employee director of the Issuer |
|
See
Note 1. |
|
52,9324 |
Chun-Hsien
Tsai |
|
Director
of Ainos KY, Chairman and Chief Executive Officer of TCNT, and Chairman, President, and CEO of the Issuer |
|
See
Note 1. |
|
302,3192 |
Chun-Jung
Tsai |
|
Director
of each of Ainos KY and TCNT and employee director of the Issuer |
|
See
Note 1. |
|
88,3863 |
Ching-Ho
Tsai |
|
Director
of TCNT |
|
See
Note 1. |
|
None |
A-Wen
Tsai Huang |
|
Supervisor
of TCNT |
|
See
Note 1. |
|
None |
Note
1: The address of each individual is c/o 10F-2, No. 66, Shengyi 5th Rd., Zhubei City, Hsinchu County 30261, Taiwan (R.O.C.) and each
individual is a citizen of Taiwan.
Note
2: The combined beneficial ownership of Chun-Hsien Tsai and Ting Chuan Lee totals 397,550 shares. Chun-Hsien Tsai directly and beneficially
owns 302,319 shares, and his wife, Ting Chuang Lee directly and beneficially owns 95,231 shares.
Note
3: Chun-Jung Tsai beneficially owns 88,386 shares of Common Stock of the Issuer.
Note
4: Chung Yi-Tsai beneficially owns 52,932 shares of Common Stock of the Issuer.
Exhibit
1
VOTING
AGREEMENT
THIS
VOTING AGREEMENT (this “Agreement”) is dated as of August 15, 2024, by and among AINOS INC., a Cayman Islands company
(“Ainos KY”), and the individuals and entities listed on Schedule A hereto (each a “Stockholder”
and together the “Stockholders”).
WHEREAS
each Stockholder is a stockholder of Ainos, Inc., a Texas corporation (the “Company”);
WHEREAS
the Company is currently traded on NASDAQ under the stock symbol “AIMD.”
NOW
THEREFORE, the parties, intending to be legally bound, hereby agree as follows:
1.
Shares Subject to Agreement. Each Stockholder agrees to vote all of its voting shares in the Company in the manner as shall
be determined at the sole discretion of Ainos KY.
2.
Additional Shares. If, after the date hereof, any Stockholder acquires beneficial or record ownership of any additional
shares of capital stock of the Company (any such shares, “Additional Shares”) as a result of acquisition by
any means, or via stock split, stock dividend, recapitalization, or reorganization of the shares in the Company, the provisions of this
Agreement shall thereafter be applicable to such Additional Shares until the end of the term of this Agreement.
3.
Termination. This Agreement shall commence immediately upon execution and continue in force and effect until Ainos KY directly
holds less than ten percent (10%) of the shares of the Company; or when Ainos KY directly holds shares which have less than ten percent
(10%) of the voting power in the Company. This Agreement will cease to apply to a particular Stockholder when the Stockholder holds no
shares in the Company; or when the Stockholder ceases to be subject to the obligations under Section 16 of the Securities Exchange Act
of 1934, if applicable.
4.
Notices. Any notices required or permitted to be sent hereunder shall be delivered either by person, by courier service,
or by electric mail to the following addresses, or such other address as any party hereto designates by written notice to the other party.
|
If
to the Company: |
Ainos,
Inc. |
|
|
8880
Rio San Diego Drive, Suite 800 |
|
|
San
Diego, CA 92108 |
|
|
Attention:
Chairman and CEO |
|
|
Email:
|
|
|
|
|
If
to Ainos KY: |
Ainos
Inc. |
|
|
P.O.
Box 31119 Grand Pavilion, Hibiscus Way, |
|
|
802
West Bay Road |
|
|
Grand
Cayman, KY1-1205 Cayman Islands |
|
|
Attention:
Tsai, Chun Hsien, Director |
|
|
Email:
|
If
to a Stockholder, to the address for such Stockholder set forth on Schedule A hereto.
5.
Governing Law and Submission to Jurisdiction. This Agreement shall be governed by the State of New York. Any legal suit,
action, or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby may be instituted in any United
States federal court or state court located in the state of New York, and each party irrevocably submits to the non-exclusive jurisdiction
of such courts in any such suit, action, or proceeding.
6.
Miscellaneous.
(a)
Amendments; Waivers. No provision of this Agreement may be waived or amended except in a written instrument signed by the
party hereto to whom it is being enforced. Notwithstanding the foregoing, this Agreement may be amended without consent to add any additional
holders of capital stock of the Company by executing and delivering a counterpart signature page to this Agreement, and such party shall
have the rights and obligations of a “Stockholder” hereunder.
(b)
Counterparts; Execution. This Agreement may be executed in any number of counterparts, all of whom taken together shall
constitute one and the same instrument, and any of the parties hereto may execute this Agreement by signing any such counterpart. In
the event that any signature is delivered by facsimile or electronic mail transmission, such signature shall create a valid and binding
obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile
or electronic mail signature page were an original thereof.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and made and entered into effective as of the date
first set forth above.
|
AINOS
INC. |
|
a
Cayman Islands company |
|
|
|
|
By: |
/s/
Chun-Hsien Tsai |
|
Name: |
Chun-Hsien
Tsai |
|
Title: |
Director |
|
|
|
|
STOCKHOLDERS: |
|
|
|
SEE
SCHEDULE A ATTACHED HERETO |
Signature
Page to Voting Agreement
SCHEDULE
A
STOCKHOLDER: |
|
|
|
Taiwan
Carbon Nano Technology Corporation |
|
(Stockholder
name if an entity) |
|
|
|
[Company
Stamp] |
|
(Signature) |
|
|
|
|
|
(Print
Name) |
|
|
|
Chairman
and CEO |
|
(Print
title if signing on behalf of an entity) |
|
|
|
|
|
Address |
|
|
|
|
|
Email |
|
Signature
Page to Voting Agreement
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