As filed with the Securities and Exchange Commission on June 30, 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
Processa Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 7380 Coca Cola Drive, Suite 106 |
45-1539785 | ||
(State or other jurisdiction of | Hanover, MD 21076 | (I.R.S. Employer | ||
incorporation or organization) | (Address of Principal Executive Offices) | Identification No.) |
Processa Pharmaceuticals, Inc. 2019 Omnibus Incentive Plan
(Full title of the plan)
David Young, Pharm.D., Ph.D.
Chief Executive Officer
7380 Coca Cola Drive, Suite 106
Hanover, MD 21076
443-776-3133
(Name, address and telephone number of agent for service)
Copy to:
Michael B. Kirwan
John J. Wolfel, Jr.
Foley & Lardner LLP
One Independent Drive, Suite 1300
Jacksonville, Florida 32202
(904) 359-2000
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 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[ ] (Do not check if a smaller reporting company) | Smaller reporting company [X] |
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 (2) | Amount of registration fee | ||||||||||||
Common Stock, par value $0.0001 per share | 2,500,000 | $ | 8.74 | $ | 21,850,000 | $ | 2,383.84 |
(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers additional shares of Common Stock that may become issuable under the above-named plan by reason of certain corporate transactions or events, including any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the Company’s outstanding shares of Common Stock. |
(2) | Determined on the basis of the average of the high and low sale price of Common Stock as reported on the Nasdaq Stock Market on June 24, 2021 of $8.74, solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and (h) under the Securities Act |
EXPLANATORY NOTE
The purpose of this Registration Statement is to register 2,500,000 additional shares of common stock, par value $0.0001 per share (the “Common Stock”), of Processa Pharmaceuticals, Inc. (the “Company”) in connection with the Company’s 2019 Omnibus Incentive Plan.
Pursuant to General Instruction E of Form S-8, the contents of the Company’s Registration Statement on Form S-8 (Registration No. 333-233264), including the documents incorporated by reference therein, are incorporated by reference into this Registration Statement, except as set forth below.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The contents of the following documents, which have previously been filed by the Company with the Securities and Exchange Commission (the “Commission”), are hereby incorporated in this Registration Statement by reference:
● | Our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on March 25, 2021 and amended on April 7, 2021; | |
● | Our Proxy Statement on Schedule 14A for the 2021 Annual Meeting of Stockholders, filed with the SEC on April 22, 2021; | |
● | Our Quarterly report on Form 10-Q for the quarter ended March 31, 2021, filed with the SEC on May 13, 2021; | |
● | Our Current Reports on Form 8-K filed with the SEC on February 18, 2021 (excluding Item 7.01 and the exhibit related thereto), May 26, 2021, June 10, 2021 and June 17, 2021; and | |
● | the description of our common stock contained in or incorporated into our Registration Statement on Form 8-A, filed September 17, 2020, and any amendment or report updating that description. |
Notwithstanding the foregoing, documents or portions thereof containing information furnished under Items 2.02 and 7.01 of any Current Report on Form 8-K, including the related exhibits under Item 9.01, are not incorporated by reference in this prospectus.
Item 5. Interests of Named Experts and Counsel.
The validity of the securities offered by this prospectus will be passed upon for us by Foley & Lardner LLP.
Item 8. Exhibits.
2/3 |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, 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 Hanover, State of Maryland, on this 30th day of June 2021.
|
PROCESSA PHARMACEUTICALS, INC. | |
|
||
|
By: | /s/ David Young, Pharm. D, Ph.D. |
|
|
David Young, Pharm. D, Ph.D. |
|
|
Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons on June 30, 2021 in the capacities indicated.
Signature | Title | |
/s/ David Young | Chief Executive Officer and Chairman of the Board of Directors | |
David Young, Pharm. D, Ph.D. | (Principal Executive Officer) | |
/s/ James Stanker | Chief Financial Officer | |
James Stanker | (Principal Financial Officer and Principal Accounting Officer) | |
/s/ Dr. Khalid Islam | Director | |
Dr. Khalid Islam | ||
/s/ Geraldine Pannu | Director | |
Geraldine Pannu | ||
/s/ Virgil Thompson | Director | |
Virgil Thompson | ||
/s/ Justin Yorke | Director | |
Justin Yorke |
3/3 |