Securities Registration: Employee Benefit Plan (s-8)
January 15 2019 - 4:56PM
Edgar (US Regulatory)
As filed with the United States Securities
and Exchange Commission on January 15, 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
iBio, Inc.
(Exact name of registrant as specified
in its charter)
Delaware
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26-2797813
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(State or other jurisdiction
of incorporation)
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(IRS Employer
Identification No.)
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600 Madison Avenue, Suite 1601, New York,
NY 10022-1737
(Address of principal executive offices,
including zip code)
2018 Omnibus Equity Incentive Plan
(Full title of the plan)
Robert B. Kay
Chief Executive Officer
600 Madison Avenue, Suite 1601 New York, NY 10022-1737
(302) 355-0650
(Name, Address and Telephone Number of Agent for Service)
with
copies to:
Andrew Abramowitz, Esq.
Andrew Abramowitz, PLLC
565 Fifth Avenue
9
th
Floor
New York, New York 10017
(212) 972-8883 (fax)
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, 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
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¨
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Accelerated filer
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¨
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Non-accelerated filer
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x
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Smaller reporting company
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x
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Emerging growth company
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¨
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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
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Title of Securities
to be Registered
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Amount
To Be
Registered (1)(2)
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Proposed
Maximum
Offering Price
Per Share (3)
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Proposed
Maximum
Aggregate
Offering Price
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Amount Of
Registration Fee
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Common Stock, $0.001 par
value per share
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3,500,000
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$0.78
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$2,730,000
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$330.88
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(1)
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Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall also cover any additional shares of common stock that may become issuable under the iBio, Inc. 2018 Omnibus Equity Incentive Plan (the “Plan”) by reason of any stock dividend, stock split, recapitalization or similar adjustments.
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(2)
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Represents 3,500,000 shares of common stock of the registrant issuable under the Plan.
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(3)
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Estimated solely for purposes of calculating the registration
fee pursuant to Rules 457(c) and 457(h) under the Securities Act based upon the average of the high and low prices of the registrant’s
common stock, as reported on the NYSE American on January 11, 2019.
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Table of Contents
TABLE OF CONTENTS
Table of Contents
EXPLANATORY NOTE
This registration statement is being filed solely for the registration
of 3,500,000 shares of common stock, $0.001 par value per share, of iBio, Inc., a Delaware corporation (the “Registrant”),
for issuance pursuant to the iBio, Inc. 2018 Omnibus Equity Incentive Plan (the “Plan”).
PART I
INFORMATION REQUIRED IN THE PROSPECTUS
Item 1. Plan Information *
Item
2. Registrant Information and Employee Plan Annual Information *
* The documents containing the information specified in Part
I of this Form S-8 will be delivered to eligible participants in the Plan in accordance with Form S-8 and Rule 428(b)(1) under
the Securities Act of 1933, as amended (the “Securities Act”). These documents are not being filed with the Securities
and Exchange Commission (the “Commission”) either as part of this registration statement or as prospectuses or prospectus
supplements pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference into this
registration statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements
of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by the Registrant with the SEC
are hereby incorporated by reference and made a part of this Registration Statement:
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(a)
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The Registrant’s Annual Report on Form 10-K for
the year ended June 30, 2018, filed with the Commission on September 18, 2018;
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(b)
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the Registrant’s Quarterly Report on Form 10-Q
for the quarterly period ended September 30, 2018, filed with the SEC on November 13, 2018;
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(c)
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all other reports filed by the Registrant with the SEC
pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) since the end of the
fiscal year covered by the document referred to in (a) above; and
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(d)
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the description of the Registrant’s common stock
contained in its Registration Statement on Form S-1, filed with the SEC on May 2, 2018, including any amendments or reports we
file or have filed for the purpose of updating that description.
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In addition, all documents subsequently filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior
to the filing of a post-effective amendment to this Registration Statement which indicates that all securities registered hereby
have been sold or which deregisters such securities then remaining unsold shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of filing of such documents (such documents, and the documents listed
above, being hereinafter referred to as “Incorporated Documents”), except for information furnished to the SEC that
is not deemed to be “filed” for purposes of the Exchange Act. Any statement contained in an Incorporated Document 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 other subsequently filed Incorporated Document 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 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
The Registrant’s Certificate of Incorporation provides
for indemnification of the Registrant’s officers and directors to the extent permitted by Delaware law, which generally permits
indemnification for actions taken by officers or directors as the Registrant’s representatives if the officer or director
acted in good faith and in a manner he or she reasonably believed to be in the best interest of the corporation.
As permitted under Delaware law, the Registrant’s By-laws
contain a provision indemnifying directors against expenses (including attorneys’ fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by them in connection with an action, suit or proceeding if they acted in good faith
and in a manner they reasonably believed to be in or not opposed to the best interests of our company, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
A list of exhibits filed with this registration statement is
set forth in the Exhibit Index following the signature page to this registration statement and is incorporated herein by reference.
Item 9.
Undertakings
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(a)
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The undersigned Registrant hereby undertakes:
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1.
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To file, during any period in which offers or sales are
being made, a post-effective amendment to this registration statement:
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i) To include any prospectus required by Section 10(a)(3)
of the Securities Act of 1933, as amended (the “Securities Act”);
ii) To reflect in the prospectus any facts or events
arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually
or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than a twenty percent change in the maximum aggregate offering price set forth in the “Calculation
of Registration Fee” table in the effective registration statement.
iii) To include any material information with respect
to the plan of distribution not previously disclosed in the registration statement or any material change to such information in
the registration statement;
provided, however
, that paragraphs (a)(1)(i)
and (ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of
the Exchange Act that are incorporated by reference in the registration statement.
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2.
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That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
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3.
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To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold
at the termination of the offering.
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(b)
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The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each
filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(c)
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Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion
of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
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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 New York, State of New York, on the 15th day of January 2019.
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iBio, Inc.
(Registrant)
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By:
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/s/ Robert B. Kay
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Name: Robert B. Kay
Title: Chief Executive
Officer
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POWER OF ATTORNEY
We, the undersigned officers and directors
of the Registrant, iBio, Inc., a Delaware corporation, hereby severally and individually constitute and appoint Robert B. Kay,
Chief Executive Officer and James P. Mullaney, Chief Financial Officer, and each of them, as true and lawful attorneys in fact
for the undersigned, in any and all capacities, with full power of substitution, to sign any and all amendments to this Registration
Statement (including post-effective amendments), and to file the same with exhibits thereto and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said attorneys in fact, 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 and about the premises, as fully to all intents
and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys in fact, or any
of them, may lawfully do or cause to be done by virtue of this appointment.
Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
SIGNATURE
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TITLE
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DATE
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/s/ Robert B. Kay
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Robert B. Kay
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Chief Executive Officer and Director (Principal Executive Officer)
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January 15, 2019
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/s/ James P. Mullaney
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James P. Mullaney
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Chief Financial Officer (Principal Financial and Accounting Officer)
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January 15, 2019
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/s/ Glenn Chang
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Glenn Chang
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Director
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January 15, 2019
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Arthur Y. Elliott, Ph. D.
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Director
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January 15, 2019
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/s/ Seymour Flug
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Seymour Flug
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Director
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January 15, 2019
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/s/ General (Ret.) James T. Hill
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General (Ret.) James T. Hill
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Director
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January 15, 2019
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/s/ Philip K. Russell, M.D.
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Philip K. Russell, M.D.
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Director
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January 15, 2019
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John D. McKey, Jr.
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Director
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January 15, 2019
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/s/ Robert L. Erwin
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Robert L. Erwin
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President
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January 15, 2019
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/s/ Terence Ryan, Ph.D.
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Terence Ryan, Ph.D.
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Chief Scientific Officer
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January 15, 2019
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EXHIBIT INDEX
Exhibit
No.
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Description
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3.1
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Certificate of Incorporation of the Company (1)
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3.2
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Certificate of Amendment of the Certificate of Incorporation of the Company (2)
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3.3
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First Amended and Restated Bylaws of the Company (1)
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3.4
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Certificate of Designation, Preferences and Rights of the iBio CMO Preferred Tracking Stock of iBio, Inc. (3)
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3.5
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Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock of iBio, Inc.(4)
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3.6
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Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock of iBio, Inc.(4)
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4.1
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Form of Common Stock Certificate
(5)
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5.1
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Opinion of Andrew Abramowitz,
PLLC*
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10.1
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iBio, Inc. 2018 Omnibus Equity
Incentive Plan (incorporated by reference to Appendix A of the Registrant’s Definitive Proxy Statement on Form DEF 14A, filed
with the SEC on November 19, 2018).
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23.1
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Consent of CohnReznick LLP, Independent
Registered Public Accounting Firm *
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23.2
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Consent of Andrew Abramowitz,
PLLC (Included in Exhibit 5.1)*
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24.1
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Powers of Attorney (included
on signature page to this Registration Statement)*
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(1)
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Incorporated herein by reference to the Company’s Current Report on Form 8-K filed with the SEC on August 14, 2009 (Commission File No. 000-53125).
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(2)
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Incorporated herein by reference
to the Company’s Current Report on Form 8-K filed with the SEC on June 8, 2018 (Commission File No. 001-35023).
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(3)
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Incorporated herein by reference
to the Company’s Current Report on Form 8-K filed with the SEC on February 24, 2017 (Commission File No. 001-35023).
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(4)
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Incorporated herein by reference to the Company’s Current Report on Form 8-K filed with the SEC on June 27, 2018 (Commission File No. 001-35023).
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(5)
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Incorporated herein by reference to the Company’s Form 10-12G filed with the SEC on July 11, 2008 (Commission File No. 000-53125).
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*
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Filed herewith.
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