UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under
the Securities Exchange Act of 1934
(Amendment No. ________)*
| Salarius Pharmaceuticals, Inc. | ||
| (Name of Issuer) | ||
| Common stock, $0.0001 par value | ||
| (Title of Class of Securities) | ||
| 79400X305 | ||
| (CUSIP Number) | ||
Elvin Lee 31 Bilton St. Teaneck, NJ 07666 |
||
| (818) 455 5759 | ||
| (Name, Address and Telephone Number of Person Authorized | ||
| to Receive Notices and Communications) | ||
| 23 October 2023 | ||
| (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 Sections 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 Section 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).
CUSIP No. 79400X305 |
13D | Page 2 of 5 Pages |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
Elvin Lee | |||
| 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)
PF |
||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED | ||
| PURSUANT TO ITEMS 2(d) OR 2(e) | [ _ ] | ||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey |
||
| 7 | SOLE VOTING POWER | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
204,270 | ||
| 8 | SHARED VOTING POWER | ||
0 | |||
| 9 | SOLE DISPOSITIVE POWER | ||
204,270 | |||
| 10 | SHARED DISPOSITIVE POWER | ||
0 | |||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||
| 204,270 | |||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | ||
| (see instructions) | [ _ ] | ||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||
| 6.09% | |||
| 14 | TYPE OF REPORTING PERSON* (see instructions) | ||
IN
|
|||
CUSIP No. 79400X305 |
13D | Page 3 of 5 Pages |
| Item 1. Security and Issuer. | ||||
Security Common Stock, par value $0.0001 per share CUSIP Number 79400X305
Name of Issuer Salarius Pharmaceuticals, Inc.
Address of Issuer’s Principal Executive Offices 2450 Holcombe Blvd., Suite X Houston, TX 77021 |
||||
| Item 2. Identity and Background. | ||||
| (a) | Name of Person Filing
Elvin Sanghwan Lee, Individual Investor |
|||
| (b) | Address
31 Bilton St Teaneck, NJ 07666 |
|||
| (c) | Citizenship
United States of America |
|||
| (d) | Title of Class of Securities
|
|||
Common Stock, par value $0.0001 per share
|
||||
| (e) | CUSIP Number 79400X305 |
|||
| Item 3. Source and Amount of Funds or Other Consideration. | ||||
Personal Funds and the aggregate owner of 204,270 Shares. Of such Shares, 204,270 Shares were purchased by the Reporting Person collectively for an aggregate price of $153,404.97.
|
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| Item 4. Purpose of Transaction. | ||||
| (a) | The Reporting Person acquired his positions in the shares in the belief that the Shares were undervalued. The Reporting Person intends to have discussion with representatives of the Issuer’s management and board of directors relating to improving operational performance and pursuing strategic alternatives, as well as the possibility of management and board representation. | |||
| (b) | The Reporting Persons may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, "Securities") of the Issuer (or its affiliates) in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities. | |||
CUSIP No. 79400X305 |
13D | Page 4 of 5 Pages |
| Item 5. Interest in Securities of the Issuer. | ||||
| (a) | The Reporting Person may be deemed to beneficially own, in the aggregate, 204,270 Shares, representing approximately 6.09% of the Issuer's outstanding Shares (based upon the 3,352,069 Shares stated to be outstanding as of 30 June 2023 by the Issuer in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on 30 Aug 2023). | |||
| (b) | ||||
| Acquired | Quantity | Average Cost Basis | Cost Basis Total |
| 10/26/2023 | 235 | $0.74 | $173.90 |
| 10/26/2023 | 1,999 | $0.74 | $1,479.26 |
| 10/26/2023 | 20 | $0.74 | $14.80 |
| 10/26/2023 | 1 | $0.72 | $0.72 |
| 10/26/2023 | 5000 | $0.78 | $3,879.50 |
| 10/26/2023 | 2500 | $0.78 | $1,952.75 |
| 10/26/2023 | 1000 | $0.75 | $745.60 |
| 10/25/2023 | 5300 | $0.76 | $4,032.24 |
| 10/25/2023 | 1088 | $0.75 | $815.13 |
| 10/25/2023 | 1400 | $0.78 | $1,096.90 |
| 10/23/2023 | 9,600 | $0.75 | $7,198.08 |
| 10/23/2023 | 400 | $0.75 | $299.60 |
| 10/23/2023 | 5,218 | $0.74 | $3,861.32 |
| 10/23/2023 | 382 | $0.75 | $285.47 |
| 10/23/2023 | 4,400 | $0.72 | $3,168.00 |
| 10/20/2023 | 28,353 | $0.78 | $21,973.59 |
| 10/20/2023 | 1,647 | $0.76 | $1,251.72 |
| 10/20/2023 | 3,564 | $0.77 | $2,749.27 |
| 10/20/2023 | 5,000 | $0.79 | $3,955.00 |
| 10/20/2023 | 5,000 | $0.79 | $3,960.00 |
| 10/20/2023 | 900 | $0.79 | $706.95 |
| 10/20/2023 | 9100 | $0.79 | $7,148.05 |
| 10/20/2023 | 436 | $0.80 | $347.23 |
| 10/19/2023 | 1,463 | $0.78 | $1,141.14 |
| 10/19/2023 | 2,702 | $0.78 | $2,094.05 |
| 10/19/2023 | 29,564 | $0.76 | $22,468.64 |
| 10/19/2023 | 531 | $0.75 | $398.25 |
| 10/19/2023 | 2,050 | $0.75 | $1,537.50 |
| 10/19/2023 | 10,000 | $0.78 | $7,799.00 |
| 10/19/2023 | 100 | $0.77 | $76.50 |
| 10/19/2023 | 436 | $0.75 | $327.00 |
| 10/18/2023 | 1,223 | $0.74 | $905.02 |
| 10/18/2023 | 18,788 | $0.73 | $13,809.20 |
| 10/17/2023 | 11 | $0.74 | $8.09 |
| 10/17/2023 | 6,252 | $0.73 | $4,595.23 |
| 10/17/2023 | 3,731 | $0.73 | $2,723.63 |
| 10/17/2023 | 3,139 | $0.73 | $2,290.84 |
| 10/17/2023 | 1,218 | $0.72 | $883.05 |
| 10/17/2023 | 7,400 | $0.72 | $5,328.00 |
| 10/17/2023 | 2,950 | $0.72 | $2,123.71 |
| 10/17/2023 | 500 | $0.72 | $359.50 |
| 10/17/2023 | 9,194 | $0.69 | $6,389.84 |
| 10/17/2023 | 100 | $0.73 | $73.00 |
| 10/16/2023 | 3,424 | $0.68 | $2,328.32 |
| 10/16/2023 | 431 | $0.70 | $299.55 |
| 10/11/2023 | 475 | $0.68 | $323.00 |
| 10/10/2023 | 2,022 | $0.68 | $1,374.96 |
| 10/10/2023 | 1,300 | $0.68 | $882.70 |
| 10/10/2023 | 1,000 | $0.68 | $684.20 |
| 10/5/2023 | 1,723 | $0.63 | $1,085.49 |
|
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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Not applicable | |||
| Item 7. Material to be Filed as Exhibits. | |||
Not applicable. |
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CUSIP No. 79400X305 |
13D | Page 5 of 5 Pages |
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.
| /s/ Elvin Sanghwan Lee | |
| (Name) | |
| Self | |
| (Title) | |
| 27 October 2023 | |
| (Date) |