EX-5.1 2 oncr-ex5_1.htm EX-5.1 EX-5.1

 

Exhibit 5.1

Marc A. Recht

+1 617 937 2316

mrecht@cooley.com

 

November 19, 2021

 

Oncorus, Inc.

50 Hampshire Street, Suite 401

Cambridge, Massachusetts 02139

 

We have represented Oncorus, Inc., a Delaware corporation (the “Company”), in connection with the offering by the Company of up to $50,000,000 of the Company’s common stock, par value $0.0001 per share, (the “Shares”), pursuant to a Registration Statement on Form S-3 (File No. 333-260718) (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), the prospectus included within the Registration Statement (the “Base Prospectus”), and the prospectus supplement dated November 19, 2021, filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations of the Act (together with the Base Prospectus, the “Prospectus”). The Shares are to be sold by the Company in accordance with the Open Market Sales Agreement dated November 19, 2021 (the “Sales Agreement”) between the Company and Jefferies LLC as described in the Prospectus.

In connection with this opinion, we have examined and relied upon (a) the Registration Statement and the Prospectus, (b) the Company’s certificate of incorporation and bylaws, each as currently in effect, (c) the Sales Agreement and (d) originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials, and the due authorization, execution and delivery of all documents by all persons other than the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of officers of the Company and have not independently verified such matters.

We have assumed (i) that the specific sale of Shares will be duly authorized by the Board of Directors of the Company, a duly authorized committee thereof or a person or body pursuant to an authorization granted in accordance with Section 152 of the General Corporation Law of the State of Delaware (the “DGCL”) and (ii) that no more than 50,000,000 Shares will be sold under the Sales Agreement pursuant to the Prospectus. We express no opinion to the extent that future issuances of securities of the Company and/or anti-dilution adjustments to outstanding securities of the Company cause the number of shares of Common Stock outstanding or issuable upon conversion or exercise of outstanding securities of the Company to exceed the number of Shares then issuable under the Sales Agreement.

Our opinion is expressed only with respect to the DGCL. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.

On the basis of the foregoing and in reliance thereon, we are of the opinion that the Shares, when issued and paid for in accordance with the Sales Agreement and as provided in the Prospectus, will be validly issued, fully paid and nonassessable.

 

 

COOLEY LLP 500 BOYLSTON STREET BOSTON, MA 02116-3736 T: (617) 937-2300 F: (617) 937-2400 COOLEY.COM

 

 


 

 

 

 

 

November 19, 2021

Page 2

 

 

We consent to the reference to our firm under the caption “Legal Matters” in the Prospectus and to the filing of this opinion as an exhibit to the Company’s Current Report on Form 8-K filed with the Commission on the date hereof and incorporated by reference into the Registration Statement.

 

 

Sincerely,

 

 

 

Cooley LLP

 

 

 

By:

 

 /s/ Marc Recht

 

 

Marc Recht

 

 

 

COOLEY LLP 500 BOYLSTON STREET BOSTON, MA 02116-3736 T: (617) 937-2300 F: (617) 937-2400 COOLEY.COM