SCHEDULE: Major Shareholders Exit CureVac via BioNTech Exchange
Schedule 13D Amendment
A group of reporting persons, including dievini Hopp BioTech holding GmbH & Co. KG, has completed the tender of all their CureVac N.V. shares to BioNTech SE through an exchange offer.
Summary
- The Reporting Persons (dievini Hopp BioTech holding GmbH & Co. KG, DH-LT-Investments GmbH, DH-Capital GmbH & Co. KG, OH Beteiligungen GmbH & Co. KG, Dietmar Hopp, Oliver Hopp, Daniel Hopp, DHFS II Holding GmbH & Co. KG, and Zweite DH Verwaltungs GmbH) have completed the exchange of all their CureVac N.V. common shares.
- All shares beneficially owned by the Reporting Persons were tendered into an Exchange Offer, as outlined in the Tender and Support Agreement with BioNTech SE.
- The Exchange Offer concluded as scheduled at 9:00 a.m. Eastern Time on December 3, 2025.
- The tendered shares were accepted for exchange and subsequently transferred to BioNTech SE as part of a capital increase for the issuance of BioNTech shares, which became effective upon registration on December 10, 2025.
- As a direct consequence of this transaction, the Reporting Persons no longer beneficially own any securities of CureVac N.V., with their aggregate beneficial ownership now at 0.00%.
- This Amendment No. 9 serves as the final amendment to the Schedule 13D for these Reporting Persons, marking their complete exit from beneficial ownership in CureVac N.V.
Sentiment
Score: 5
Explanation: This filing is purely factual, reporting the completion of a previously announced transaction. It does not contain new positive or negative operational or financial news for CureVac, but rather details the exit of a major shareholder group.
Positives
- The Exchange Offer, which involved the tender of all CureVac N.V. shares by the Reporting Persons, was completed as scheduled.
- The Reporting Persons anticipate receiving the full consideration to which they are entitled under the Exchange Offer on or about December 15, 2025.
Future Outlook
The Reporting Persons expect to receive full consideration for their tendered shares on or about December 15, 2025. Concurrently, the Shareholders' Agreement, which governed the relationship between KfW, dievini, and Dietmar Hopp, is expected to terminate around the same date.
Industry Context
This filing details a significant ownership transfer from a major investor group in CureVac N.V. to BioNTech SE, a key competitor in the mRNA vaccine space. This transaction represents a strategic shift in the shareholder base of CureVac, with a long-term investor group exiting and a rival company potentially increasing its indirect influence or strategic positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Termination of Shareholders' Agreement | The Shareholders' Agreement dated June 16, 2020 (as amended) among KfW, dievini Hopp BioTech holding GmbH & Co. KG, and Dietmar Hopp is expected to terminate upon the completion of the exchange offer, on or about December 15, 2025. | 2025-12-15 | This signifies the dissolution of a significant governance arrangement among key shareholders, potentially altering the balance of influence and strategic direction within CureVac N.V. by removing a formal agreement between major investors. |
Related Party Transactions
- The exchange offer involved dievini Hopp BioTech holding GmbH & Co. KG and other related entities (the Reporting Persons) tendering their shares to BioNTech SE, a transaction previously outlined in a Tender and Support Agreement.
- The expected termination of the Shareholders' Agreement, which involved dievini and Dietmar Hopp, is a related party matter stemming from the completion of the exchange offer.
Stakeholder Impact
- Shareholders: The Reporting Persons, who were previously significant shareholders, no longer hold shares in CureVac N.V. BioNTech SE has acquired these shares, potentially increasing its stake or influence in CureVac.
- CureVac N.V.: The exit of a major, long-term investor group could lead to shifts in investor perception, market dynamics, or strategic alignment for the company.
Next Steps
- Reporting Persons are expected to receive full consideration for their tendered shares on or about December 15, 2025.
- The Shareholders' Agreement is expected to terminate on or about December 15, 2025.
Key Dates
| Date | Description |
|---|---|
| 2020-06-16 | Original Shareholders' Agreement dated among KfW, dievini, and Dietmar Hopp. |
| 2020-08-14 | First Supplement to the Shareholders' Agreement dated. |
| 2020-08-24 | Initial Schedule 13D filed by the Reporting Persons. |
| 2022-01-13 | Second Supplement to the Shareholders' Agreement dated. |
| 2022-05-05 | Amendment No. 5 to Schedule 13D filed by the Reporting Persons. |
| 2022-06-16 | Amendment No. 8 to Schedule 13D filed by the Reporting Persons, incorporating the Tender and Support Agreement. |
| 2025-10-29 | Agreement dated among the parties to the Shareholders' Agreement for its termination. |
| 2025-12-03 | Exchange Offer expired at 9:00 a.m. Eastern Time. |
| 2025-12-10 | Shares tendered by Reporting Persons were accepted for exchange and transferred to BioNTech; issuance of BioNTech securities took effect upon registration. |
| 2025-12-12 | Date of filing of this Amendment No. 9 to Schedule 13D. |
| 2025-12-15 | Expected date for Reporting Persons to receive full consideration and expected termination of the Shareholders' Agreement. |
Keywords
CureVac N.V., BioNTech SE, Schedule 13D, Exchange Offer, Shareholder Exit, dievini Hopp, Tender Offer, Beneficial Ownership
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