S-8 1 tmb-20210305xs8.htm S-8

As filed with the Securities and Exchange Commission on March 5, 2021

Registration No. 333-

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

___________________________

FORM S-8

REGISTRATION STATEMENT

UNDER THE

SECURITIES ACT OF 1933

___________________________

PASSAGE BIO, INC.

(Exact name of Registrant as specified in its charter)

Delaware

    

82-2729751

(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer
Identification Number)

Two Commerce Square

2001 Market Street, 28th Floor

Philadelphia, Pennsylvania, 19103

(Address of Principal Executive Offices) (Zip Code)

2020 Equity Incentive Plan

2020 Employee Stock Purchase Plan

(Full title of the plans)

Bruce Goldsmith, Ph.D.

President and Chief Executive Officer

Passage Bio, Inc.

Two Commerce Square

2001 Market Street, 28th Floor

Philadelphia, PA 19103

(Name and Address of Agent for Service)

(267) 866-0311

(Telephone number, including area code, of agent for service)

Please send copies of all communications to:

Effie Toshav, Esq.

Robert A. Freedman, Esq.

Ryan Mitteness, Esq.

Fenwick & West LLP

555 California Street, 12th Floor

San Francisco, California 94104

(415) 875-2300

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

Title of
Securities to be Registered

Amount
to be
Registered(1)

Proposed
Maximum
Offering
Price

Per Share

Proposed
Maximum
Aggregate
Offering
Price

Amount of
Registration
Fee

Common Stock, $0.0001 par value per share, reserved for future issuance pursuant to:

—2020 Equity Incentive Plan

2,295,854(2)

$17.63(3)

$40,475,907

$4,416

—2020 Employee Stock Purchase Plan

459,170(4)

$14.99(5)

$6,882,959

$751

Total

2,755,024

N/A

$47,358,866

$5,167

(1)Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable under the Registrant’s 2020 Equity Incentive Plan (the “2020 EIP”) and 2020 Employee Stock Purchase Plan (“2020 ESPP”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant’s receipt of consideration that increases the number of the outstanding shares of the Registrant’s common stock.

(2)Represents additional shares to be registered and available for grant under the 2020 EIP resulting from the annual 5% automatic increase in the number of authorized shares available for issuance under the 2020 EIP.

(3)Estimated in accordance with Rules 457(c) and 457(h) of the Securities Act solely for the purpose of calculating the registration fee. The proposed maximum offering price per share of $17.63 was computed by averaging the high and low prices of a share of Registrant’s common stock as reported on The Nasdaq Global Market on February 26, 2021.

(4)Represents additional shares to be registered and available for grant under the 2020 ESPP resulting from the annual 1% automatic increase in the number of authorized shares available for issuance under the 2020 ESPP.

(5)Estimated in accordance with Rules 457(c) and 457(h) of the Securities Act solely for the purpose of calculating the registration fee. The proposed maximum offering price per share of $14.99 was computed by averaging the high and low prices of a share of Registrant’s common stock as reported on The Nasdaq Global Market on February 26, 2021, multiplied by 85%, which is the percentage of the trading price per share applicable to purchasers under the 2020 ESPP.


REGISTRATION OF ADDITIONAL SHARES

PURSUANT TO GENERAL INSTRUCTION E

Passage Bio, Inc. (the “Registrant”) is filing this Registration Statement with the Securities and Exchange Commission (the “Commission”) to register (a) 2,295,854 additional shares of common stock available for issuance under the Registrant’s 2020 EIP, pursuant to the provision of the 2020 EIP providing for an annual 5% automatic increase in the number of shares reserved for issuance and (b) 459,170 additional shares of common stock available for issuance under the Registrant’s 2020 ESPP, pursuant to the provision of the 2020 ESPP providing for an annual 1% automatic increase in the number of shares reserved for issuance.

In accordance with General Instruction E of Form S-8, and only with respect to the common stock issuable under the 2020 EIP and 2020 ESPP, this Registration Statement hereby incorporates by reference the contents of the Registrant’s Registration Statement on Form S-8 filed with the Commission on February 27, 2020 (Registration No. 333- 236734) to the extent not superseded hereby.


PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.Incorporation of Documents by Reference.

The following documents filed by Passage Bio, Inc. (the “Registrant”) 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 Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Commission on March 3, 2021 pursuant to Section 13 of the Exchange Act;

(b)

all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report on Form 10-K referred to in (a) above; and

(c)

the description of the Registrant’s common stock contained in the Registrant’s registration statement on Form 8-K (File No. 001-39231) filed with the Commission on February 18, 2020 under Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

All documents and definitive proxy or information statements filed by the Registrant 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 documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission. Unless expressly incorporated into this Registration Statement, a report deemed to be furnished but not filed on Form 8-K prior or subsequent to the date hereof shall not be 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 in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement..

Item 8.Exhibits.

The following exhibits are filed herewith:

Exhibit

Number

    

Exhibit Description

Incorporated by Reference

    

Form

    

File No.

    

Exhibit

    

Filing Date

    

Filed
Herewith

4.1

Restated Certificate of Incorporation, dated March 3, 2020

10-Q

001-39231

3.1

May 11, 2020

4.2

Amended and Restated Bylaws, dated March 26, 2020

8-K

001-39231

3.1

March 27, 2020

4.3

Form of Registrant’s Common Stock certificate

S-1/A

333-236214

4.1

February 18, 2020

5.1

Opinion of Fenwick & West LLP

X

23.1

Consent of Fenwick & West LLP (contained in Exhibit 5.1)

X

23.2

Consent of Independent Registered Public Accounting Firm

X

24.1

Power of Attorney (included on the signature page to this Registration Statement)

X


99.2

2020 Equity Incentive Plan and forms of award agreements thereunder

S-1/A

333-236214

10.3

February 18, 2020

99.3

2020 Employee Stock Purchase Plan and forms of award agreements thereunder

S-1/A

333-236214

10.4

February 18, 2020


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 Philadelphia, Commonwealth of Pennsylvania, on this 5th day of March, 2021.

    

PASSAGE BIO, INC.

By:

/s/ BRUCE GOLDSMITH

Bruce Goldsmith, Ph.D.

Chief Executive Officer and President


POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Bruce Goldsmith, Ph.D., Richard Morris and Edgar B. Cale, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments (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 for 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 or her substitute, 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 date indicated.

Name

    

Title

    

Date

/s/ BRUCE GOLDSMITH

Bruce Goldsmith, Ph.D.

Chief Executive Officer and Director

(Principal Executive Officer)

March 5, 2021

/s/ RICHARD MORRIS

Richard Morris

Chief Financial Officer

(Principal Financial and Accounting Officer)

March 5, 2021

/s/ TADATAKA YAMADA

Tadataka Yamada, M.D.

Chair of the Board of Directors

March 5, 2021

/s/ ATHENA COUNTOURIOTIS

Athena Countouriotis, M.D.

Director

March 5, 2021

/s/ MAXINE GOWEN

Maxine Gowen, Ph.D.

Director

March 5, 2021

/s/ PATRICK HERON

Patrick Heron

Director

March 5, 2021

/s/ SAQIB ISLAM

Saqib Islam

Director

March 5, 2021

/s/ SANDIP KAPADIA

Sandip Kapadia

Director

March 5, 2021

/s/ LIAM RATCLIFFE

Director

March 5, 2021

Liam Ratcliffe M.D., Ph.D.

/s/ TOM WOIWODE

Director

March 5, 2021

Tom Woiwode, Ph.D.