Item 1 Comment:
This Amendment No. 11 ("Amendment No. 11") amends and supplements the statement on Schedule 13D jointly filed by (i) Pardeep Nijhawan Medicine Professional Corporation, formed in Ontario, Canada, (ii) The Digestive Health Clinic Inc., formed in Ontario, Canada, (iii) 1968160 Ontario Inc., an Ontario, Canada corporation (iv) The New Nijhawan Family Trust 2015, an Ontario, Canada trust and (v) Dr. Pardeep Nijhawan, an individual on June 17, 2019, as amended by Amendment No. 1 filed on August 19, 2019, as further amended by Amendment No. 2 filed on January 16, 2020, as further amended by Amendment No. 3 filed on September 18, 2020, as further amended by Amendment No. 4 filed on November 8, 2022, as further amended by Amendment No. 5 filed on August 21, 2023, as further amended by Amendment No. 6 filed on January 16, 2024, as further amended by Amendment No. 7 filed on November 1, 2024, as further amended by Amendment No. 8 filed on February 14, 2025, as further amended by Amendment No. 9 filed on March 2, 2026, as further amended by Amendment No. 10 filed on June 16, 2026 (as so amended and supplemented, the "Schedule 13D"), with respect to the common shares, no par value per share (the "Common Shares") of Edesa Biotech, Inc., a British Columbia corporation (the "Company" or the "Issuer"). Except as expressly amended by this Amendment No. 11, the Schedule 13D remains in full force and effect. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. |
| (a) | As of the date hereof, Pardeep Nijhawan may be deemed to be the beneficial owner of an aggregate of 2,613,492 Common Shares, comprised of: (i) sole voting and dispositive power of 1,331,090 Common Shares, comprised of: (a) 262,094 Common Shares, (b) 491,288 Common Shares underlying vested restricted share units or restricted share units that will vest within 60 days of August 25, 2026, (c) 56,875 Common Shares underlying vested share options or underlying share options that will vest within 60 days of August 25, 2026 and (d) 520,833 Common Shares underlying Series B-1 Preferred Shares that are beneficially owned and deemed outstanding with respect to this Reporting Person; and (ii) shared voting and dispositive power of 1,282,402 Common Shares, comprised of: (a) 402,702 Common Shares, an additional 326,560 Common Shares underlying vested warrants and 435,414 Common Shares underlying Series A-1 Preferred Shares that are deemed outstanding held by Pardeep Nijhawan Medicine Professional Corporation, (b) 32,013 Common Shares held by The Digestive Health Clinic Inc., (c) 53,104 Common Shares held by 1968160 Ontario Inc., and (d) 32,609 Common Shares held by The New Nijhawan Family Trust 2015. Pardeep Nijhawan's holdings exclude Common Shares underlying restricted share units held by this Reporting Person that will not vest within 60 days of August 25, 2026 and Common Shares underlying share options held by this Reporting Person that will not vest within 60 days of August 25, 2026. Pardeep Nijhawan's holdings represent an aggregate of approximately 16.31% of the Issuer's outstanding Common Shares (based on a total of 14,193,356 Common Shares of the Issuer outstanding as of August 25, 2026, 56,875 Common Shares underlying vested share options or underlying share options that will vest within 60 days of August 25, 2026, 491,288 Common Shares underlying vested restricted share units or restricted share units that will vest within 60 days of August 25, 2026, 326,560 Common Shares underlying vested warrants, 435,414 Common Shares underlying Series A-1 Preferred Shares and 520,833 Common Shares underlying Series B-1 Preferred Shares that are beneficially owned and deemed outstanding with respect to this Reporting Person). As of the date hereof, Pardeep Nijhawan Medicine Professional Corporation may be deemed to be the beneficial owner, with shared voting and dispositive power, of an aggregate of 1,164,676 Common Shares, comprised of: (i) 402,702 Common Shares, (ii) 326,560 Common Shares underlying vested warrants and (iii) 435,414 Common Shares underlying Series A-1 Preferred Shares that are deemed outstanding with respect to this Reporting Person. Pardeep Nijhawan Medicine Professional Corporation's holdings represent an aggregate of approximately 7.8% of the Issuer's outstanding Common Shares (based on a total of 14,193,356 Common Shares of the Issuer outstanding as of August 25, 2026, 326,560 Common Shares underlying vested warrants and 435,414 Common Shares underlying Series A-1 Preferred Shares that are deemed outstanding with respect to this Reporting Person). As of the date hereof, The Digestive Health Clinic Inc. may be deemed to be the beneficial owner, with shared voting and dispositive power, of 32,013 Common Shares, representing an aggregate of approximately 0.2% of the Issuer's outstanding Common Shares (based on a total of 14,193,356 Common Shares of the Issuer outstanding as of August 25, 2026). As of the date hereof, 1968160 Ontario Inc. may be deemed to be the beneficial owner, with shared voting and dispositive power, of 53,104 Common Shares, representing an aggregate of approximately 0.4% of the Issuer's outstanding Common Shares (based on a total of 14,193,356 Common Shares of the Issuer outstanding as of August 25, 2026). As of the date hereof, The New Nijhawan Family Trust 2015 may be deemed to be the beneficial owner, with shared voting and dispositive power, of 32,609 Common Shares, representing an aggregate of approximately 0.2% of the Issuer's outstanding Common Shares (based on a total of 14,193,356 Common Shares of the Issuer outstanding as of August 25, 2026). |