Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
July 03 2019 - 5:10PM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(3)
Registration Nos. 333-208791 and 333-211679
Prospectus Supplement No. 1 to Reoffer Prospectus
of
CELLULAR BIOMEDICINE GROUP, INC.
888,937 Shares of Common Stock, par value $0.001 per
share
Issuable Pursuant to the 2014 Stock Incentive Plan
This
Prospectus Supplement dated July 3, 2019 (this
“Supplement”), supplements the reoffer prospectus filed
as part of the Registration Statement on Form S-8 filed by Cellular
Biomedicine Group, Inc. (the “Company”) with the
Securities and Exchange Commission (the “SEC”) on March
5, 2018 (the “Prospectus”), relating to the offer and
sale by certain of our executive officers and directors (also
called “Selling Stockholders”), who may be deemed
“affiliates” of the Company as defined in Rule 405
under the Securities Act of 1933, as amended (the “Securities
Act”), of our common stock, par value $0.001 per share
(“Common Stock”) that is held, or may be acquired, upon
exercise of options or vesting and settlement of restricted stock
units (“RSUs”) pursuant to our 2014 Stock Incentive
Plan, as amended, which we refer to herein as the “2014
Plan”. This prospectus covers 888,937 shares of Common Stock
(the “Shares”) underlying 658,913 options and 230,024
RSUs that are owned by the Selling Stockholders.
You
should read this Supplement in conjunction with the Prospectus.
This Supplement is qualified by reference to the Prospectus, except
to the extent the information in this Supplement supersedes the
information contained in the Prospectus.
Our
Common Stock is quoted on the Nasdaq Global Select Market under the
symbol “CBMG”. On July 2, 2019, the closing sales price
of our Common Stock on the Nasdaq Global Select Market was $14.81
per share.
The
Shares included in this Supplement may be offered and resold
directly by the Selling Stockholders in the open market at
prevailing prices or in individually negotiated transactions,
through agents designated from time to time or through underwriters
or dealers. We will not control or determine the price at which a
Selling Stockholder decides to sell its Shares. Brokers or dealers
effecting transactions in these Shares should confirm that the
Shares are registered under applicable state law or that an
exemption from registration is available.
You should carefully read and consider the risk factors under
Item 1A beginning on page 25 of our Annual Report on Form 10-K
for the year ended December 31, 2018 and risk factors under
Item 1A beginning on page 44 of our Quarterly Report on Form 10-Q
for the quarter ended March 31, 2019 for risks relating to
investment in the Company’s securities.
Neither the SEC nor any state securities commission has approved or
disapproved of these securities or passed upon the adequacy or
accuracy of the Prospectus or this Supplement. Any representation
to the contrary is a criminal offense.
The
information set forth under the caption “Selling
Stockholders” in the Prospectus is amended and restated in
its entirety as set forth below and is provided for the primary
purpose of updating the table of selling stockholders contained in
the Prospectus.
SELLING STOCKHOLDERS
This
prospectus relates to the Shares that are being registered for
reoffers and resale by Selling Stockholders who have acquired or
may acquire Shares pursuant to the 2014 Plan. Offers and sales by
Selling Stockholders who are our employees, consultants and
"affiliates" (as such term is defined in Rule 405 under the
Securities Act) are also covered by this prospectus.
The
Selling Stockholders are our current directors, officers and
affiliates who have acquired or may acquire in the future Shares
under the 2014 Plan. The Selling Stockholders may, from time to
time, resell all, a portion or none of the Shares covered by this
prospectus. The following table sets forth information as of June
30, 2019 with respect to ownership of our Common Stock by each
Selling Stockholder whose identity is known as of the date of this
prospectus. There is no assurance that any of the Selling
Stockholders will sell any or all of the Shares offered by them
under this registration statement. The address for each Selling
Stockholders listed below is c/o Cellular Biomedicine Group,
Inc., 1345 Avenue of the Americas, Floor 15, New York, New
York 10105.
Any
changed information will be set forth in an amendment to the
registration statement or supplement to this prospectus, to the
extent required by law.
Name
|
Position, Office or Other Material Relationship
|
Total Number of Shares of common stock Beneficially Owned
(1)
|
Number of Shares to be Offered for the Account of the Selling
Stockholder
|
Number of Shares to be Owned after this Offering (1)
|
Percentage to be Beneficially Owned after this Offering
(1)
|
Bizuo
(Tony) Liu
|
Chief
Executive Officer, Chief Financial Officer Director
|
576,817
|
(2
)
|
436,950
|
(3
)
|
139,867
|
*
|
Andrew
Chan
|
Chief
Legal Officer, Corporate Development and Secretary
|
231,688
|
(4
)
|
77,598
|
(5
)
|
154,090
|
*
|
Yihong
Yao
|
Chief
Scientific Officer
|
115,723
|
(6
)
|
111,556
|
(7
)
|
4,167
|
*
|
Li
(Helen) Zhang
|
Chief
Production Officer
|
90,922
|
(8
)
|
88,920
|
(9
)
|
2,002
|
*
|
Wen
Tao (Steve) Liu
|
Director
|
218,553
|
(10
)
|
5,477
|
(
11
)
|
213,076
|
1
%
|
Alan
Au
|
Director
|
39,307
|
(12
)
|
39,307
|
(13
)
|
-
|
*
|
Terry
A. Belmont
|
Chairman
of the Board
|
51,737
|
(14
)
|
51,737
|
(15
)
|
-
|
*
|
Hansheng
Zhou
|
Director
|
2,300,588
|
(16
)
|
30,588
|
(17
)
|
2,270,000
|
12
%
|
Gang
Ji
|
Director
|
14,626
|
(18
)
|
14,626
|
(19
)
|
-
|
*
|
Nadir
Patel
|
Director
|
32,178
|
(20
)
|
32,178
|
(21
)
|
-
|
*
|
TOTAL
|
|
3,672,139
|
|
888,937
|
|
2,783,202
|
14
%
|
* Less
than 1%
(1)
Shares that a
selling stockholder has a right to acquire pursuant to the exercise
of options or vesting and settlement of RSUs under the 2014 Plan
are deemed to be outstanding for the purpose of computing the
number and percentage of shares of Common Stock owned by such
Selling Stockholder, but are not deemed to be outstanding for
computing the percentage ownership of any other Selling
Stockholder.
(2)
Includes 325,800
options, 61,150 restricted common stock and 50,000 unvested
restricted common stock issued under the 2014 Plan which are being
registered for reoffer and resale herein. Does not include 35,300
options to purchase Common Stock granted pursuant to the 2011
Incentive Stock Option Plan (the “2011 Plan”) and
255,000 options to purchase Common Stock granted pursuant to the
2013 Incentive Stock Option Plan (the “2013 Plan”),
which are all vested as of June 30, 2019.
(3)
Represents 61,150
restricted common stock, 50,000 unvested restricted common stock
and 325,800 options issued under the 2014 Plan, of which 279,700
options are vested as of June 30, 2019.
(4)
Includes 38,000
options, 13,342 restricted common stock and 26,256 unvested
restricted common stock issued under the 2014 Plan which are being
registered for reoffer and resale herein. Does not include 53,880
options to purchase Common Stock granted pursuant to the 2011 Plan
and 37,904 options to purchase Common Stock granted pursuant to the
2013 Plan, which are all vested as of June 30, 2019.
(5)
Represents 13,342
restricted common stock, 26,256 unvested restricted common stock
and 38,000 options issued under the 2014 Plan, of which 28,412
options are vested as of June 30, 2019.
(6)
Includes 61,500
options, 39,012 restricted common stock and 11,044 unvested
restricted common stock issued under the 2014 Plan which are being
registered for reoffer and resale herein.
(7)
Represents 39,012
restricted common stock, 11,044 unvested restricted common stock
and 61,500 options issued under the 2014 Plan, of which 50,456
options are vested as of June 30, 2019.
(8)
Includes 59,700
options, 14,632 restricted common stock and 14,588 unvested
restricted common stock issued under the 2014 Plan which are being
registered for reoffer and resale herein. Does not include 32,000
options to purchase Common Stock granted pursuant to the 2013 Plan,
which are all vested as of June 30, 2019.
(9)
Represents 14,632
restricted common stock, 14,588 unvested restricted common stock
and 59,700 options issued under the 2014 Plan, of which 45,444
options are vested as of June 30, 2019.
(10)
Includes 5,477
options issued under the 2014 Plan which are being registered for
reoffer and resale herein. Does not include 146,667 options to
purchase Common Stock granted pursuant to the 2011
Plan.
(11)
Represents 5,477
options issued under the 2014 Plan, which are not vested as of June
30, 2019.
(12)
Includes 39,307
options issued under the 2014 Plan which are being registered for
reoffer and resale herein. Does not include 4,000 options to
purchase Common Stock under the 2013 Plan, which are all vested as
of June 30, 2019.
(13)
Represents 39,307
options to purchase Common Stock under the 2014 Plan, of which
36,174 are vested as of June 30, 2019.
(14)
Includes 51,737
options issued under the 2014 Plan which are being registered for
reoffer and resale herein. Does not include 7,000 options to
purchase Common Stock under the 2013 Plan, which are all vested as
of June 30, 2019.
(15)
Represents 51,737
options to purchase Common Stock under the 2014 Plan, of which
44,069 are vested as of June 30, 2019.
(16)
Includes 30,588
options issued under the 2014 Plan which are being registered for
reoffer and resale herein. Also includes 2,270,000 shares of common
stock
held by Dangdai International
Group Co., Limited. Wuhan Dangdai Technology & Industries Group
Inc. has voting and dispositive power over the shares of Dangdai
International Group Co., Limited in Hong Kong. Wuhan Dangdai
Technology & Industries Group Inc. is controlled by Hansheng
Zhou, Xiaodong Zhang, Luming Ai, Xuehai Wang, Lei Yu, Xiaoling Du
and Haichun Chen. Such individuals share voting and dispositive
power over the shares held by Dangdai International Group Co.,
Limited.
(17)
Represents 30,588
options to purchase Common Stock under the 2014 Plan, of which
24,569 are vested as of June 30, 2019.
(18)
Includes 14,626
options issued under the 2014 Plan which are being registered for
reoffer and resale herein.
(19)
Represents 14,626
options to purchase Common Stock under the 2014 Plan, of which
11,493 are vested as of June 30, 2019.
(20)
Includes 32,178
options issued under the 2014 Plan which are being registered for
reoffer and resale herein. Does not include 12,000 options to
purchase Common Stock under the 2013 Plan, which are all vested as
of June 30, 2019.
(21)
Represents 32,178
options to purchase Common Stock under the 2014 Plan, of which
26,701 are vested as of June 30, 2019.
This Supplement is dated July 3, 2019
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