Exhibit 5.1
March 10, 2025
Caribou
Biosciences, Inc.
2929 7th Street, Suite 105
Berkeley,
California 94710
Ladies and Gentlemen:
We have acted as
counsel to Caribou Biosciences, Inc., a Delaware corporation (the Company), in connection with the filing by the Company on the date hereof of a Registration Statement on Form S-8 (the
Registration Statement) with the Securities and Exchange Commission (the Commission) covering the offer and sale of up to 4,618,928 shares of the Companys common stock, $0.0001 par value per share (the
Shares), issuable pursuant to the Caribou Biosciences, 2021 Equity Incentive Plan (2021 EIP) and 923,785 Shares issuable pursuant to the Caribou Biosciences, Inc. 2021 Employee Stock Purchase Plan (the 2021
ESPP and, together with the 2021 EIP, the Plans).
This opinion is being furnished at the Companys request in connection with the
requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933, as amended (the Securities Act), and no opinion is expressed herein as to any matter pertaining to the contents of
the Registration Statement or the prospectus forming a part thereof, other than as to the issuance of the Shares.
In rendering the opinion hereinafter
expressed, we have made such legal and factual examinations and inquiries, including an examination of originals or copies certified or otherwise identified to our satisfaction as being true reproductions of originals, of all such documents,
records, agreements and other instruments, including the Registration Statement, the Plans, the Amended and Restated Certificate of Incorporation of the Company, the Amended and Restated Bylaws of the Company, and corporate minutes of the Company as
we have deemed necessary and appropriate for the purpose of this opinion. We have assumed that there are no agreements or understandings between or among the Company and any participants in the Plans that would expand, modify or otherwise affect the
terms of the Plans or the respective rights or obligations of any participants thereunder. We have further assumed the genuineness of all signatures, the authenticity of all documents, certificates and records submitted to us as originals, the
conformity to original documents, certificates and records of all documents, certificates and records submitted to us as copies, and the truthfulness of all statements of fact contained therein.
Based upon the foregoing, and having regard to legal considerations and other information that we deem relevant, we are of the opinion that, as of the date
hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers, and have been issued by the Company against payment therefor in the circumstances
contemplated by the Plans and assuming that the individual issuances, grants or awards under the Plans are duly authorized by all necessary corporate action of the Company and duly issued, granted or awarded and exercised and paid for, for
consideration at least equal to the par value thereof, in accordance with the requirements of law and the Plans (and the agreements and awards duly adopted thereunder and in accordance therewith), the offer and sale of the Shares shall have been
duly authorized and, when and to the extent that the Shares are issued in accordance with the foregoing, such Shares will be legally issued, fully paid and non-assessable.
We express no opinion herein as to the laws of any state or jurisdiction other than the General Corporation Law of the State of Delaware.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and the reference to this firm therein. In giving this consent, we
do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.
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Very truly yours, |
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/s/ Reed Smith LLP |
Reed Smith LLP |