0001193125-20-244739.txt : 20200914 0001193125-20-244739.hdr.sgml : 20200914 20200914080951 ACCESSION NUMBER: 0001193125-20-244739 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200914 DATE AS OF CHANGE: 20200914 GROUP MEMBERS: SCW CAPITAL QP, LP GROUP MEMBERS: SCW CAPITAL, LP GROUP MEMBERS: SCW SINGLE-ASSET PARTNERSHIP, LP GROUP MEMBERS: TRINITY INVESTMENT GROUP, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AKUMIN INC. CENTRAL INDEX KEY: 0001776197 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91670 FILM NUMBER: 201172337 BUSINESS ADDRESS: STREET 1: 151 BLOOR STREET WEST, SUITE 603 CITY: TORONTO STATE: A6 ZIP: M5S 1S4 BUSINESS PHONE: 844-730-0050 MAIL ADDRESS: STREET 1: 151 BLOOR STREET WEST, SUITE 603 CITY: TORONTO STATE: A6 ZIP: M5S 1S4 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCW Capital Management, LP CENTRAL INDEX KEY: 0001738045 IRS NUMBER: 471978475 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3131 TURTLE CREEK BLVD. STREET 2: SUITE 850 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 214-756-6059 MAIL ADDRESS: STREET 1: 3131 TURTLE CREEK BLVD. STREET 2: SUITE 850 CITY: DALLAS STATE: TX ZIP: 75219 SC 13G 1 d53628dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

Akumin Inc.

(Name of Issuer)

 

 

Common Shares, no par value

(Title of Class of Securities)

01021F109

(CUSIP Number)

September 4, 2020

(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)

☒ 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, as amended (“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).

Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:

Taylor H. Wilson, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

 

 

 


CUSIP No. 01021F109

 

  1.    

  Names of Reporting Persons.

 

   SCW Capital Management, 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

 

  Texas     

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

  0     

  6.     

  Shared Voting Power

 

  8,027,051     

  7.     

  Sole Dispositive Power

 

  0     

  8.     

  Shared Dispositive Power

 

  8,027,051     

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,027,051     

10.    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  11.4%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN, IA     


CUSIP No. 01021F109

 

  1.    

  Names of Reporting Persons.

 

  SCW Capital, 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

 

  Texas     

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

  0     

  6.     

  Shared Voting Power

 

  2,681,023

  7.     

  Sole Dispositive Power

 

  0     

  8.     

  Shared Dispositive Power

 

  2,681,023

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  2,681,023

10.    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  3.8%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN


CUSIP No. 01021F109

 

  1.    

  Names of Reporting Persons.

 

  SCW Capital QP, 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

 

  Texas     

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

  0     

  6.     

  Shared Voting Power

 

  3,380,077

  7.     

  Sole Dispositive Power

 

  0     

  8.     

  Shared Dispositive Power

 

  3,380,077

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,380,077

10.    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  4.8%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN


CUSIP No. 01021F109

 

  1.    

  Names of Reporting Persons.

 

  SCW Single-Asset Partnership, 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

 

  Texas     

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

  0     

  6.     

  Shared Voting Power

 

  1,965,951

  7.     

  Sole Dispositive Power

 

  0     

  8.     

  Shared Dispositive Power

 

  1,965,951

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,965,951

10.    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  2.8%     

12.    

  Type of Reporting Person (See Instructions)

 

  PN

 


CUSIP No. 01021F109

 

  1.    

  Names of Reporting Persons.

 

  Trinity Investment Group, LLC

  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

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With:

    5.     

  Sole Voting Power

 

  0     

  6.     

  Shared Voting Power

 

  8,027,051

  7.     

  Sole Dispositive Power

 

  0     

  8.     

  Shared Dispositive Power

 

  8,027,051

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  8,027,051

10.    

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.    

  Percent of Class Represented by Amount in Row (9)

 

  11.4%     

12.    

  Type of Reporting Person (See Instructions)

 

  OO, HC


Item 1.

 

  (a)

Name of Issuer

Akumin Inc.

 

  (b)

Address of Issuer’s Principal Executive Offices

8300 W. Sunrise Boulevard

Plantation, Florida 33322

Item 2.

 

  (a)

Name of Person Filing

This statement is being jointly filed by and on behalf of each of SCW Capital Management, LP, SCW Capital, LP, SCW Capital QP, LP, SCW Single-Asset Partnership, LP and Trinity Investment Group, LLC. SCW Capital, LP, SCW Capital QP, LP and SCW Single-Asset Partnership, LP (together, the “Funds”) are the record and direct beneficial owners of the securities covered by this statement. SCW Capital Management, LP serves as investment manager to, and may be deemed to beneficially own securities owned by, each of the Funds. Trinity Investment Group, LLC serves as general partner to, and may be deemed to beneficially own securities owned by, each of the Funds and SCW Capital Management, LP.

Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any of the securities covered by this statement.

Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Sections 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.

 

  (b)

Address of Principal Business Office or, if none, Residence

The address of the principal business office of each of the reporting persons is 3131 Turtle Creek Blvd., Suite 850, Dallas, Texas 75219, USA.

 

  (c)

Citizenship

See Item 4 on the cover page(s) hereto.

 

  (d)

Title of Class of Securities

Common Shares, no par value

 

  (e)

CUSIP Number

01021F109


Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:

 

(a)       A broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
(b)       A bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)       An insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)       An investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)       An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)       An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);
(g)       A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h)       A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)       A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)       A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
(k)       A group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ___________.

 

 

Item 4.

Ownership.

 

  (a)

Amount beneficially owned: See Item 9 on the cover page(s) hereto.

 

  (b)

Percent of class: See Item 11 on the cover page(s) hereto.

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.

 

  (ii)

Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.

 

  (iii)

Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.

 

  (iv)

Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.

 

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 person has ceased to be the beneficial owner of more than five 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 or Control Person.

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.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect other than activities solely in connection with a nomination under § 240.14a-11.


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: September 14, 2020     SCW Capital Management, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Capital, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Capital QP, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Single-Asset Partnership, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    Trinity Investment Group, LLC
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

99.1    Joint Filing Agreement (filed herewith).
EX-99.1 2 d53628dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

September 14, 2020

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this Joint Filing Agreement as an exhibit thereto. This Joint Filing Agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this Joint Filing Agreement to be executed and effective as of the date first written above.

 

Date: September 14, 2020     SCW Capital Management, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Capital, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Capital QP, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member
    SCW Single-Asset Partnership, LP
    By:   Trinity Investment Group, LLC,
      its general partner
    By:  

/s/ John Wagner

    Name:   John Wagner
    Title:   Co-Managing Member


Trinity Investment Group, LLC

By:  

/s/ John Wagner

Name:   John Wagner
Title:   Co-Managing Member