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 Registrants 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 |
Proposed maximum aggregate offering |
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 Registrants 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
2
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
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 Companys Common Stock, par value $0.001 per share (the Shares), issuable pursuant to the Companys 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 Companys 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
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