Registration Statement on Form S-8

As filed with the Securities and Exchange Commission on August 13, 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

 

 

DYNAVAX TECHNOLOGIES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   33-0728374
(State of Incorporation)   (I.R.S. Employer Identification Number)

2100 Powell Street, Suite 900

Emeryville, CA 94608

(510) 848-5100

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

 

 

Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan

(Full Title of the Plan)

 

 

Michael Ostrach

Senior Vice President, Chief Financial Officer and Chief Business Officer

Dynavax Technologies Corporation

2100 Powell Street, Suite 900

Emeryville, CA 94608

(510) 848-5100

(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

 

 

Copies to:

Steven M. Przesmicki, Esq.

Cooley LLP

4401 Eastgate Mall

San Diego, CA 92121

(858) 550-6000

 

 

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 (2)

 

Proposed maximum

aggregate offering
price

 

Amount of

registration fee

Common Stock, $0.001 par value per share

               

— Amended and Restated 2018 Equity Incentive Plan

  2,300,000   $2.975   $6,842,500   $829.31
                 

 

 

(1)

Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Common Stock that become issuable under the Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan (the “2018 Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Common Stock.

(2)

Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h)(1) of the Securities Act. The offering price per share and the aggregate offering price are based on the average of the high ($3.19) and low ($2.76) sales prices for the Common Stock reported by the Nasdaq Capital Market on August 8, 2019.

 

 

 


PART I

EXPLANATORY NOTE

This Registration Statement on Form S-8 is being filed for the purpose of registering an additional 2,300,000 shares of the Registrant’s Common Stock reserved for issuance under the Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan (the “2018 Plan”).

INCORPORATION BY REFERENCE OF CONTENTS OF

REGISTRATION STATEMENT ON FORM S-8

The contents of the Registration Statement on Form S-8 (File No 333-225525), filed with the Securities and Exchange Commission (the “Commission”) on June 8, 2018 is incorporated by reference herein.

Item 8. Exhibits.

EXHIBITS

 

          Incorporated by Reference     
Exhibit
Number
  

Document

  

Exhibit
Number

  

Filing

  

Filing Date

  

File No.

  

Filed
Herewith

  3.1    Sixth Amended and Restated Certificate of Incorporation    3.1    S-1/A    February 5, 2004    333-109965   
  3.2    Amended and Restated Bylaws    3.8    10-Q    November 6, 2018    001-34207   
  3.3    Certificate of Amendment of Amended and Restated Certificate of Incorporation    3.1    8-K    January 4, 2010    001-34207   
  3.4    Certificate of Amendment of Amended and Restated Certificate of Incorporation    3.1    8-K    January 5, 2011    001-34207   
  3.5    Certificate of Amendment of Amended and Restated Certificate of Incorporation    3.6    8-K    May 30, 2013    001-34207   
  3.6    Certificate of Amendment of the Sixth Amended and Restated Certificate of Incorporation    3.1    8-K    November 10, 2014    001-34207   
  3.7    Certificate of Amendment of the Sixth Amended and Restated Certificate of Incorporation    3.1    8-K    June 2, 2017    001-34207   
  3.8    Certificate of Amendment of the Sixth Amended and Restated Certificate of Incorporation    3.1    8-K    July 31, 2017    001-34207   
  3.9    Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock    3.1    8-K    August 8, 2019    001-34207   
  4.1    Reference is made to Exhibits 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8 and 3.9 above               
  4.2    Form of Specimen Common Stock Certificate    4.2    S-1/A    January 16, 2004    333-109965   
  5.1    Opinion of Cooley LLP                X
23.1    Consent of Independent Registered Public Accounting Firm                X
23.2    Consent of Cooley LLP (contained in Exhibit 5.1 to this Registration Statement)               
24.1    Power of Attorney (see Signature Page)               
99.1    Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan    10.1    10-Q    August 7, 2019    001-34207   
99.2    Form of Restricted Stock Unit Award Notice and Agreement used in connection with the Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan    10.2    8-K    June 1, 2018    001-34207   
99.3    Form of Option Notice and Agreement used in connection with the Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan    10.3    8-K    June 1, 2018    001-34207   

 

2


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 Emeryville, State of California, on this 13th day of August 2019.

 

DYNAVAX TECHNOLOGIES CORPORATION
By:   /s/ DAVID NOVACK
  David Novack
  Co-President
  (Co-Principal Executive Officer)
By:   /s/ RYAN SPENCER
  Ryan Spencer
  Co-President
  (Co-Principal Executive Officer)

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below does hereby constitute and appoint David Novack, Ryan Spencer and Michael Ostrach, and each of them, with full power of substitution and full power to act without the other, his true and lawful attorney-in-fact and agent to act for him in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file this Registration Statement, 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 order to effectuate the same as fully, to all intents and purposes, as they or he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, 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 in the capacities and on the dates indicated.

 

Signature

 

Title

 

Date

/s/ DAVID NOVACK

David Novack

 

Co-President

(Co-Principal Executive Officer)

          August 13, 2019        

/s/ RYAN SPENCER

Ryan Spencer

 

Co-President

(Co-Principal Executive Officer)

          August 13, 2019        

/s/ MICHAEL OSTRACH

Michael Ostrach

 

Senior Vice President, Chief Financial Officer

(Principal Financial Officer)

          August 13, 2019        

/s/ DAVID JOHNSON

David Johnson

 

Vice President, Chief Accounting Officer

(Principal Accounting Officer)

          August 13, 2019        

/s/ ARNOLD L. ORONSKY, Ph.D.

Arnold L. Oronsky, Ph.D.

  Director           August 13, 2019        

/s/ LAURA BREGE

Laura Brege

  Director           August 13, 2019        

/s/ FRANCIS R. CANO, Ph.D.

Francis R. Cano, Ph.D.

  Director           August 13, 2019        

/s/ DENNIS A. CARSON, M.D.

Dennis A. Carson, M.D.

  Director           August 13, 2019        

/s/ DANIEL L. KISNER, M.D.

Daniel L. Kisner, M.D.

  Director           August 13, 2019        

/s/ PEGGY V. PHILLIPS

Peggy V. Phillips

  Director           August 13, 2019        

/s/ NATALE S. RICCIARDI

Natale S. Ricciardi

  Director           August 13, 2019        

/s/ ANDREW A.F. HACK, M.D., PH.D.

Andrew A.F. Hack, M.D., Ph.D.

  Director           August 13, 2019        

 

3

EX-5.1
LOGO   Exhibit 5.1

Steven M. Przesmicki

+1 858 550 6070

przes@cooley.com

August 13, 2019

Dynavax Technologies Corporation

2100 Powell Street, Suite 900

Emeryville, CA 94608

Ladies and Gentlemen:

We have acted as counsel to Dynavax Technologies Corporation, a Delaware corporation (the “Company”), in connection with the filing of a Registration Statement on Form S-8 (the “Registration Statement”) with the U.S. Securities and Exchange Commission covering the offering of up to 2,300,000 shares of the Company’s Common Stock, par value $0.001 per share (the “Shares”), issuable pursuant to the Company’s Amended and Restated 2018 Equity Incentive Plan (the “2018 EIP”).

In connection with this opinion, we have examined and relied upon the Registration Statement and related prospectus, the 2018 EIP, the Company’s certificate of incorporation and bylaws, each as currently in effect, and the originals or copies certified to our satisfaction of such other 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 and authenticity of all documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not sought independently to verify such matters.

Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. 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 sold and issued in accordance with the 2018 EIP, the Registration Statement and related prospectus, will be validly issued, and the Shares will be fully paid, and nonassessable (except as to shares issued pursuant to certain deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

We consent to the filing of this opinion as an exhibit to the Registration Statement.

 

Very truly yours,
COOLEY LLP
By:   /s/ Steven M. Przesmicki
  Steven M. Przesmicki

 

Cooley LLP    4401 Eastgate Mall    San Diego, CA    92121

t: (858) 550-6000    f: (858) 550-6420    cooley.com

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 pertaining to the Dynavax Technologies Corporation Amended and Restated 2018 Equity Incentive Plan of our reports dated February 27, 2019, with respect to the consolidated financial statements of Dynavax Technologies Corporation and the effectiveness of internal control over financial reporting of Dynavax Technologies Corporation, included in its Annual Report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

San Francisco, California

August 7, 2019