FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * SSD2, LLC 2. Date of Event Requiring Statement (MM/DD/YYYY)
1/13/2022 

3. Issuer Name and Ticker or Trading Symbol GELESIS HOLDINGS, INC. [GLS]
(Last)       (First)       (Middle)
195 CHURCH STREET, 15TH FLOOR
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)
NEW HAVEN, CT 06510      
(City)             (State)             (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock  10856626 (1)(2) D   
Common Stock  1200000 (1)(3) D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (Right to Buy)   (4)  (4) Common Stock  1297266 (1)(4)  (4) D   
Options (Right to Buy)   (5)  (5) Common Stock  51840 (1)(5)  (5) D   
Earnout Shares   (6)(7)  (6)(7) Common Stock  3710604 (1)(6)(7)  (6)(7) D   

Explanation of Responses:
(1)  Elon S. Boms and Andrew D. Wingate are co-managers of BomsMaster LLC, which is the sole member of SSD2, LLC. BomsMaster LLC is controlled by KLP Enterprises LLC. Mr. Wingate is the sole manager of KLP Enterprises LLC. SSD2, LLC, BomsMaster LLC, KLP Enterprises LLC, Mr. Boms and Mr. Wingate (collectively, the "Reporting Persons") may each be deemed to share voting and dispositive power over the securities reported hereby. Each of them disclaims beneficial ownership over the shares, except to the extent of any pecuniary interest therein. The Reporting Persons may be deemed to be members of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Persons.
(2)  Held of record by SSD2, LLC.
(3)  Held of record by KLP Enterprises LLC.
(4)  Held of record by SSD2, LLC. Represents 1,297,266 warrants to purchase shares of Common Stock, par value $0.0001 per share (the "Common Stock") of Gelesis Holdings, Inc. (the "Issuer"), at a price of $0.02 per share, on a one-for-one basis. The warrants are exercisable at the option of the holder and expire on August 16, 2023.
(5)  Held of record by SSD2, LLC. Represents 51,840 options to purchase shares of Common Stock, at a price of $4.05 per share, on a one-for-one basis. The options are fully vested. 25,920 options expire on July 17, 2028 and 25,920 options expire on June 15, 2027.
(6)  Held of record by SSD2, LLC. Represents the contingent right to receive up to 3,710,604 shares of Common Stock subject to certain vesting conditions (the "Earnout Shares"). The Earnout Shares shall vest and be released upon the satisfaction of certain share price vesting conditions as follows: (i) if, at any time prior to January 13, 2027 (the "Earnout Period") the volume-weighted average price ("VWAP") of the Common Stock equals or exceeds $12.50 per share for any 20 trading days within a 30-trading day period, one third (1/3) of the Earnout Shares shall vest; (ii) if, at any time during the Earnout Period, the VWAP of the Common Stock equals or exceeds $15.00 per share for any 20 trading days within a 30-trading day period, one third (1/3) of the Earnout Shares shall vest;
(7)  (continued from footnote 6) and (iii) if, at any time during the Earnout Period, the VWAP of the Common Stock equals or exceeds $17.50 per share for any 20 trading days within a 30-trading day period, one third (1/3) of the Earnout Shares shall vest. The Earnout Shares will also vest in connection with any change of control transaction with respect to the Issuer if the applicable thresholds are met in such change of control transaction during the Earnout Period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SSD2, LLC
195 CHURCH STREET, 15TH FLOOR
NEW HAVEN, CT 06510

X

Bomsmaster LLC
195 CHURCH STREET, 15TH FLOOR
NEW HAVEN, CT 06510

X

KLP Enterprises, LLC
271 WHITNEY AVENUE
NEW HAVEN, CT 06511

X

Boms Elon
195 CHURCH STREET, 15TH FLOOR
NEW HAVEN, CT 06510

X

Wingate Andrew D.
271 WHITNEY AVENUE
NEW HAVEN, CT 06511

X


Signatures
SSD2, LLC, By: BomsMaster LLC, its sole member, By: /s/ Elon S. Boms, as Manager 1/21/2022
**Signature of Reporting Person Date
BomsMaster LLC, By: /s/ Elon S. Boms, as Manager 1/21/2022
**Signature of Reporting Person Date
KLP Enterprises LLC, By: /s/ Andrew D. Wingate, as Manager 1/21/2022
**Signature of Reporting Person Date
/s/ Elon S. Boms 1/21/2022
**Signature of Reporting Person Date
/s/ Andrew D. Wingate 1/21/2022
**Signature of Reporting Person Date
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