As filed with the Securities and Exchange Commission on August 17, 2023
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SELECTA BIOSCIENCES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 26-1622110 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
65 Grove Street Watertown, Massachusetts |
02472 | |
(Address of principal executive offices) | (Zip code) |
Selecta Biosciences, Inc. 2016 Incentive Award Plan
Selecta Biosciences, Inc. 2016 Employee Stock Purchase Plan
(Full title of the plan)
Carsten Brunn, Ph.D.
President and Chief Executive Officer
Selecta Biosciences, Inc.
65 Grove Street
Watertown, Massachusetts 02472
(Name and address of agent for service)
(617) 923-1400
(Telephone number, including area code, of agent for service)
Copies to:
Brian K. Rosenzweig
Covington & Burling LLP
The New York Times Building
620 Eighth Avenue
New York, New York 10018
(212) 841-1000
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. ☐
EXPLANATORY NOTE
This registration statement on Form S-8 (the Registration Statement) is being filed for the purpose of registering an additional 1,530,424 shares of common stock, par value $0.0001 per share (the Common Stock), of Selecta Biosciences, Inc. (the Registrant) to be issued pursuant to the Registrants 2016 Employee Stock Purchase Plan (the ESPP) and an additional 6,121,697 shares of the Registrants Common Stock to be issued pursuant to the Registrants 2016 Incentive Award Plan (the Incentive Plan).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, which have been filed by the Registrant with the Securities and Exchange Commission (the Commission), are incorporated herein by reference:
| The Registrants definitive proxy statement on Schedule 14A for the 2023 annual meeting of stockholders, filed with the Commission on April 28, 2023; |
| The Registrants Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Commission on March 2, 2023; |
| The Registrants Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023, filed with the Commission on May 4, 2023 and August 17, 2023, respectively; |
| The Registrants Current Reports on Form 8-K filed with the Commission on January 9, 2023, March 21, 2023, April 4, 2023, and June 16, 2023; and |
| The description of the Registrants Common Stock contained in Exhibit 4.11 to the Registrants Annual Report on Form 10-K, filed with the Commission on March 2, 2023, and any amendment or report filed with the Commission for the purpose of updating such description; and |
| The Registrants Registration Statements on Form S-8 (File Nos. 333-212215, 333-224109, 333-239075, 333-256061 and 333-264691) filed with the Securities and Exchange Commission, relating to the ESPP and the Incentive Plan. |
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended, 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 SEC 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.
Item 8. Exhibits
+ Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act, 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 Watertown, Commonwealth of Massachusetts, on this 17th day of August, 2023.
SELECTA BIOSCIENCES, INC. | ||
By: | /s/ Carsten Brunn, Ph.D. | |
Carsten Brunn, Ph.D. | ||
President and Chief Executive Officer, and Director |
We, the undersigned officers and directors of Selecta Biosciences, Inc. (the Company), hereby severally constitute and appoint the Chief Executive Officer of the Company, who is currently Carsten Brunn, Ph.D., and the Chief Financial Officer of the Company, who is currently Blaine Davis, and each of them singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the 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 or necessary to be done in and about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature | Title | Date | ||
/s/ Carsten Brunn, Ph.D. |
President and Chief Executive Officer, and Director | August 17, 2023 | ||
Carsten Brunn, Ph.D. | (Principal Executive Officer) | |||
/s/ Blaine Davis |
Chief Financial Officer | August 17, 2023 | ||
Blaine Davis | (Principal Financial and Accounting Officer) | |||
/s/ Timothy C. Barabe |
Director | August 17, 2023 | ||
Timothy C. Barabe | ||||
/s/ Carrie S. Cox |
Chairman of the Board | August 17, 2023 | ||
Carrie S. Cox | ||||
/s/ Nishan de Silva, M.D. |
Director | August 17, 2023 | ||
Nishan de Silva, M.D. | ||||
/s/ Scott D. Myers |
Director | August 17, 2023 | ||
Scott D. Myers | ||||
/s/ Aymeric Sallin |
Director | August 17, 2023 | ||
Aymeric Sallin | ||||
/s/ Timothy Springer, Ph.D. |
Director | August 17, 2023 | ||
Timothy Springer, Ph.D. | ||||
/s/ Patrick Zenner |
Director | August 17, 2023 | ||
Patrick Zenner |
Exhibit 5.1
August 17, 2023
Selecta Biosciences, Inc.
65 Grove Street
Watertown, MA 02472
Ladies and Gentlemen:
We have acted as counsel to Selecta Biosciences, Inc., a Delaware corporation (the Company), in connection with the registration by the Company under the Securities Act of 1933, as amended (the Act), of 7,652,121 shares of the Companys common stock, par value $0.0001 per share (the Shares), issuable under the Companys 2016 Incentive Award Plan (the Incentive Plan) and under the Companys 2016 Employee Stock Purchase Plan (the ESPP), pursuant to the registration statement on Form S-8 being filed with the Securities and Exchange Commission on the date hereof (such registration statement is referred to herein as the Registration Statement).
We have reviewed such corporate records, certificates and other documents, and such questions of law, as we have considered necessary or appropriate for the purposes of this opinion. We have assumed that all signatures are genuine, that all documents submitted to us as originals are authentic and that all copies of documents submitted to us conform to the originals.
We have relied as to certain matters on information obtained from public officials, officers of the Company and other sources believed by us to be responsible.
Based upon the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and paid for in accordance with the terms of the Companys Restated Certificate of Incorporation, the Incentive Plan and the ESPP and any individual agreements relating to such Shares, will be validly issued, fully paid and nonassessable.
We are members of the bar of the State of New York. We do not express any opinion herein on any laws other than the General Corporation Law of the State of Delaware and reported judicial decisions interpreting such law.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act.
Very truly yours,
/s/ Covington & Burling LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2016 Incentive Award Plan and the 2016 Employee Stock Purchase Plan of Selecta Biosciences, Inc. of our report dated March 2, 2023, with respect to the consolidated financial statements of Selecta Biosciences, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Boston, Massachusetts
August 17, 2023
Exhibit 107.1
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
Selecta Biosciences, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1 - Newly Registered Securities
Security Type | Security Class Title |
Fee Calculation Rule |
Amount to be Registered (1) |
Proposed Maximum Offering Per Share |
Proposed Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee | |||||||
Equity | Common Stock, par value $0.0001 per share, to be issued under the Registrants 2016 Employee Stock Purchase Plan | Rules 457(c) and 457(h) | 1,530,424 (2) | $1.04 (3) | $1,591,640.96 |
$110.20 per $1,000,000 | $175.40 | |||||||
Equity | Common Stock, par value $0.0001 per share, to be issued under the Registrants 2016 Incentive Award Plan | Rules 457(c) and 457(h) | 6,121,697 (4) | $1.04 (3) | $6,366,564.88 | $110.20 per $1,000,000 | $701.60 | |||||||
Total Offering Amounts | $7,958,205.84 |
$877.00 | ||||||||||||
Total Fee Offsets (5) | $0.00 | |||||||||||||
Net Fee Due |
$877.00 |
(1) | In accordance with Rule 416 under the Securities Act of 1933, as amended (the Securities Act), this registration statement (this Registration Statement) shall be deemed to cover any additional securities that may from time to time be offered or issued under the Selecta Biosciences, Inc. 2016 Employee Stock Purchase Plan (ESPP) and the Selecta Biosciences, Inc. 2016 Incentive Award Plan (the Incentive Plan) to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Consists of 1,530,424 shares of the Registrants common stock, par value $0.0001 per share (the Common Stock) that may become issuable under the ESPP pursuant to its terms. |
(3) | Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act and based upon the average of the high and low prices of the Registrants Common Stock as reported on the Nasdaq Global Market on August 15, 2023. |
(4) | Consists of 6,121,697 shares of Common Stock that may become issuable under the Incentive Plan pursuant to its terms. |
(5) | The Registrant does not have any fee offsets. |