As filed with the Securities and Exchange Commission on August 10, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
NantKwest, Inc.
(Exact name of Registrant as specified in its charter)
| Delaware | 43-1979754 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) |
3530 John Hopkins Court
San Diego, California 92121
(Address of principal executive offices, including zip code)
2015 Equity Incentive Plan
(Full title of the plan)
Patrick Soon-Shiong, M.D., FRCS (C), FACS
Chairman and Chief Executive Officer
NantKwest, Inc.
3530 John Hopkins Court
San Diego, California 92121
(858) 633-0300
(Name, address and telephone number, including area code, of agent for service)
Copies to:
| Martin J. Waters Wilson Sonsini Goodrich & Rosati, P.C. 12235 El Camino Real San Diego, California 92130 (858) 350-2300 |
Steven Yang General Counsel NantKwest, Inc. 3530 John Hopkins Court San Diego, California 92121 (858) 633-0300 |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ | |||
| Emerging growth company | ☒ | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒
CALCULATION OF REGISTRATION FEE
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| ||||||||
| Title of Securities to be Registered |
Amount to be Registered (1) |
Proposed Maximum Offering Price Per Share |
Proposed Offering Price |
Amount of Registration Fee | ||||
| Common Stock, $0.0001 par value per share, reserved for issuance pursuant to the 2015 Equity Incentive Plan |
3,000,000 (2) | $10.66 (2) | $31,980,000.00 | $4,151.00 | ||||
| TOTAL: |
$31,980,000.00 | $4,151.00 | ||||||
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| (1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable under the 2015 Equity Incentive Plan, as amended (the “2015 Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant’s outstanding shares of common stock. |
| (2) | Estimated solely for purposes of calculating the registration fee on the basis of $10.66 per share, in accordance with Rule 457(c) and (h) of the Securities Act, based upon the average of the high and low prices of the Registrant’s common stock as reported on The Nasdaq Stock Market LLC on August 6, 2020. |
PART I
INFORMATION REQUIRED IN THE PROSPECTUS
This Registration Statement on Form S-8 (the “Registration Statement”) registers 3,000,000 additional shares of the common stock of NantKwest, Inc. (the “Registrant”) to be issued pursuant to the Registrant’s 2015 Equity Incentive Plan, as amended and restated (the “2015 Plan”).
In accordance with General Instruction E to Form S-8, the contents of the previous Registration Statements on Form S-8 filed by the Registrant with the Securities and Exchange Commission (the “Commission”) on July 30, 2015 (File No. 333-205942) and August 7, 2019 (File No. 333-233082) (the “Previous Form S-8s”) is incorporated by reference into this Registration Statement.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
| Item 3. | Incorporation of Documents by Reference. |
The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission:
| (1) | The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the Commission on March 25, 2020; |
| (2) | The Registrant’s Quarterly Reports on Form 10-Q for the quarter ended March 31, 2020, filed with the Commission on May 11, 2020 and for the quarter ended June 30, 2020, filed with the Commission on August 7, 2020; |
| (3) | The Registrant’s Definitive Proxy Statement on Schedule 14A, filed with the Commission on April 24, 2020, but only to the extent incorporated by reference in the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019; |
| (4) | The Registrant’s Current Reports on Form 8-K filed with the Commission on May 27, 2020, June 12, 2020, June 19, 2020, June 24, 2020 and June 25, 2020, only to the extent that the items therein are specifically stated to be “filed” rather than “furnished” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); and |
| (5) | The description of the Registrant’s common stock contained in the Company’s Registration Statement on Form 8-A (File No. 001-37507) filed with the Commission on July 20, 2015, pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description. |
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Under no circumstances will any information furnished under current items 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.
| Item 8. | Exhibits. |
| Incorporated by Reference | ||||||||||||||||||
| Exhibit Number |
Description |
Form | File No. | Exhibit | Filing Date | |||||||||||||
| 4.1 | Specimen common stock certificate of the Registrant | S-1/A | 333-205124 | 4.7 | July 15, 2015 | |||||||||||||
| 5.1 | Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation | |||||||||||||||||
| 23.1 | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm | |||||||||||||||||
| 23.2 | Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1 hereto) |
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| 24.1 | Power of Attorney (contained on signature page hereto) | |||||||||||||||||
| 99.1+ | 2015 Equity Incentive Plan, and forms of agreements thereunder. | 10-Q | 001-37507 | 10.1 | August 7, 2020 | |||||||||||||
| + | Indicates management contract or compensatory plan, contract, or arrangement. |
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Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Diego, State of California, on August 10, 2020.
| NANTKWEST, INC. | ||
| By: | /s/ Patrick Soon-Shiong | |
| Patrick Soon-Shiong, M.D. | ||
| Chairman and Chief Executive Officer | ||
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Patrick Soon-Shiong and Barry J. Simon, and each of them, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities (including his or her capacity as a director and/or officer of NantKwest, Inc.), to sign the Registration Statement on Form S-8 of NantKwest, Inc., and any or all amendments thereto (including post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as they, he, or she might or could do in person, hereby and about the premises hereby ratifying and confirming all that said attorneys-in-fact and agent, proxy and agent, or his, her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
| Signature |
Title |
Date | ||
| /s/ Patrick Soon-Shiong Patrick Soon-Shiong, M.D. |
Chairman of the Board of Directors and Chief Executive Officer and Director (Principal Executive Officer) |
August 10, 2020 | ||
| /s/ Barry J. Simon Barry J. Simon, M.D. |
President, Chief Administrative Officer, and Director | August 10, 2020 | ||
| /s/ Sonja Nelson Sonja Nelson |
Chief Financial Officer (Principal Financial and Accounting Officer) |
August 10, 2020 | ||
| /s/ Michael D. Blaszyk Michael D. Blaszyk |
Director | August 10, 2020 | ||
| /s/ Frederick W. Driscoll Frederick W. Driscoll |
Director | August 10, 2020 | ||
| /s/ John C. Thomas, Jr. John C. Thomas, Jr. |
Director | August 10, 2020 | ||
| /s/ Cheryl L. Cohen Cheryl L. Cohen |
Director | August 10, 2020 | ||
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