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  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-11-15 00:00:00",
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  "notes": "The slide uses a combination of regulatory filing text and a registry search report to build a case of potential impropriety.",
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      "text": "The entity appears to have been formed in late Jan 2018, and Twist’s prospectus stated the Series D occurred in March and July 2018.",
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      "text": "Twist S-1 filing, Oct 29 2018\nPreferred stock financings\nAs of June 30, 2018, we had raised $278.5 million in net proceeds from the sale of our equity securities, including the sale of 6,034,089 shares of our Series D convertible preferred stock from January 2016 through September 2017 at a purchase price of $21.24 per share for gross proceeds of $128.2 million. On March 19, 2018 and May 29, 2018, we issued 2,353,544 and 941,417 shares of Series D convertible preferred stock for an aggregate purchase price of approximately $50.0 million and $20.0 million, respectively. On July 2, 2018 and July 3, 2018, we issued 517,778 and 47,070 shares of Series D convertible preferred stock for an aggregate purchase price of $11.0 million and $1.0 million, respectively.",
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      "text": "The Cayman Islands corporate registry indicated that Ever Alpha Fund L.P. was a de novo entity that had only been formed about only two months prior to Twist’s Series D.",
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      "text": "Source: Twist S-1 filed Oct 29, 2018; https://my.egov.ky/web/myegov/home",
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      "text": "Entity Name: Ever Alpha Fund L.P. Jurisdiction: Cayman Islands Registration Number: 94466 Registration Date: 23rd January 2018 Entity Type: EXEMPTED LIMITED Registered Office: INTERTRUST CORPORATE SERVICES (CAYMAN) LIMITED One Nexus Way, Camana Bay, Grand Cayman, KY1-9005 Cayman Islands Status: ACTIVE Status Date: 23rd January 2018",
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      "text": "The Cayman Islands corporate registry indicated that Ever Alpha Fund L.P. was a de novo entity that had only been formed about only two months prior to Twist’s Series D. The entity appears to have been formed in late Jan 2018, and Twist’s prospectus stated the Series D occurred in March and July 2018.",
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