S-8 1 forms-8.htm

 

As filed with the Securities and Exchange Commission on March 19, 2019

 

Registration No. 333-        

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

Provention Bio, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   81-5245912

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

P.O. Box 666

Oldwick, New Jersey 08858

(Address of Principal Executive Offices) (Zip Code)

 

Provention Bio, Inc. Amended and Restated 2017 Equity Incentive Plan

(Full title of the plans)

 

 

 

Ashleigh Palmer

Chief Executive Officer

Provention Bio, Inc.

P.O. Box 666

Oldwick, New Jersey 08858

Telephone: (908) 336-0360

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

 

Please send copies of all communications to:

Michael J. Lerner, Esq.

Steven M. Skolnick, Esq.

Lowenstein Sandler LLP

1251 Avenue of the Americas

New York, NY 10020

Telephone: (973) 597-6394

 

 

 

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 definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer [  ]   Accelerated filer [  ]
         
Non-accelerated filer [X]   Smaller reporting company [X]
         
      Emerging growth company [X]

 

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. [X]

 

 

 

CALCULATION OF REGISTRATION FEE

 

Title of Securities

To Be Registered

  Amount To Be
Registered(1)
  

Proposed

Maximum

Offering Price

Per Share(2)

  

Proposed

Maximum
Aggregate
Offering Price

  

Amount of Registration

Fee

 
Common stock, $0.0001 par value per share   3,050,893   $2.33   $7,108,580.69   $861.56 

 

(1) Covers 3,050,893 shares of common stock issuable under the Provention Bio, Inc. Amended and Restated 2017 Equity Incentive Plan (the “2017 Plan”). In addition, pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan(s) described herein, as these amounts may be adjusted as a result of stock splits, stock dividends, antidilution provisions, and similar transactions.
   
(2) Pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, the proposed maximum offering price per share and the proposed maximum aggregate offering price are estimated for the purpose of calculating the amount of the registration fee and are based on the average of the high and low sales price on the NASDAQ Capital Market on March 15, 2019.

 

 

 

   

 

 

PART I

 

EXPLANATORY NOTE

 

Pursuant to General Instruction E to Form S-8 under the Securities Act, this Registration Statement is filed by Provention Bio, Inc. (the “Company”) for the purpose of registering additional shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) under the Company’s Amended and Restated 2017 Equity Incentive Plan (the “Plan”). The number of shares of Common Stock available for issuance under the Plan is subject to an automatic annual increase on January 1 of each year beginning in 2019 and ending on (and including) January 1, 2028, equal to the difference between (x) eighteen percent (18%) of the total number of shares of Common Stock outstanding, on a fully diluted basis, on December 31st of the preceding calendar year, and (y) the total number of shares of Common Stock reserved under the Plan on December 31st of such preceding calendar year (the “Evergreen Provision”). Notwithstanding the foregoing, the board of directors of the Company (the “Board”) may act prior to the first day of any calendar year, to provide that there shall be no increase in the share reserve for such calendar year or that the increase in the share reserve for such calendar year shall be a lesser number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. This Registration Statement registers an aggregate of 3,050,893 additional shares of Common Stock available for issuance under the Plan as a result of the Board’s decision to reserve a lesser amount than the Evergreen Provision provides for.

 

The shares of Common Stock registered pursuant to this Registration Statement are of the same class of securities as the 3,869,424 shares of Common Stock registered for issuance under the Plan pursuant to the currently effective Registration Statement on Form S-8 (Registration No. 333-226814) filed on August 13, 2018. The information contained in the Company’s Registration Statement on Form S-8 (Registration No. 333-226814) is hereby incorporated by reference pursuant to General Instruction E. Any items in the Company’s Registration Statement on Form S-8 (Registration No. 333-226814) not expressly changed hereby shall be as set forth in the Company’s Registration Statement on Form S-8 (Registration No. 333-226814).

 

 

 

 

PART II

 

Information Required in the Registration Statement

 

Item 3. Incorporation of Documents by Reference.

 

The following documents filed by the Company with the Commission pursuant to the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:

 

  (a) the Company’s latest annual report on Form 10-K filed pursuant to Section 13(a) or 15(d) of the Exchange Act for the fiscal year ended December 31, 2018, as filed with the Commission on March 19, 2019; and
     
  (b) the description of the Company’s common stock contained in the Company’s Registration Statement on Form 8-A (Registration No. 001-38552) filed with the Commission on June 22, 2018 under Section 12(b) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description.

 

All documents filed by the Company pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such documents as set forth therein. 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 in any subsequently filed document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement.

 

   

 

 

Item 8. Exhibits.

 

For a list of exhibits, see the Exhibit Index in this Registration Statement, which is incorporated into this Item by reference.

 

EXHIBIT INDEX

 

Exhibit       Incorporated by Reference   Filed
Number   Exhibit Description   Form   File No.   Exhibit   Filing Date   Herewith
                         
4.1   Second Amended and Restated Certificate of Incorporation   8-K   001-38552   3.1   7/19/2018    
                         
4.2   Amended and Restated Bylaws   8-K   001-38552   3.2   7/19/2018    
                         
4.3   Specimen Certificate representing shares of common stock   S-1/A   333-224801   4.1   6/20/2018    
                         
4.4   Amended and Restated 2017 Provention Bio, Inc. Stock Incentive Plan   S-8   333-226814   4.4   8/13/2018    
                         
4.5   Form of Stock Option Award under 2017 Provention Bio, Inc. Stock Incentive Plan   S-1   333-224801   10.4   5/9/2018    
                         
5.1   Opinion of Lowenstein Sandler LLP                   X
                         
23.1   Consent of EisnerAmper LLP                   X
                         
23.2   Consent of Lowenstein Sandler LLP (included in Exhibit 5.1)                   X
                         
24.1   Power of Attorney (included on the signature page)                   X

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Oldwick, New Jersey on March 19, 2019.

 

  PROVENTION BIO, INC.
     
  By: /s/ Ashleigh Palmer
    Ashleigh Palmer
    Chief Executive Officer

 

POWER OF ATTORNEY AND SIGNATURES

 

KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of Provention Bio, Inc., a Delaware corporation, do hereby constitute and appoint each of Ashleigh Palmer and Andrew Drechsler as his or her true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for him and in his name, place, and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent 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 to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the registrant in the capacities and on the dates indicated.

 

Person   Capacity   Date
         
/s/ Ashleigh Palmer   Chief Executive Officer and Director    
Ashleigh Palmer   (Principal Executive Officer)   March 19, 2019
/s/ Andrew Drechsler  

 

Chief Financial Officer

   
Andrew Drechsler   (Principal Financial and Accounting Officer)   March 19, 2019
         
/s/ Francisco Leon        
Francisco Leon   Chief Scientific Officer and Director   March 19, 2019
         
/s/ Anthony DiGiandomenico        
Anthony DiGiandomenico   Director   March 19, 2019
         
/s/ Cameron Gray        
Cameron Gray   Director   March 19, 2019
         
/s/ Wayne Pisano        
Wayne Pisano   Director   March 19, 2019
         
/s/ Avery Catlin        
Avery Catlin   Director   March 19, 2019