Filed Pursuant to Rule 424(b)(3)
Registration No. 333-237991
PROSPECTUS

4,962,980 Shares of Common Stock
This prospectus relates to the proposed resale or other disposition
from time to time of up to 4,962,980 shares of DermTech, Inc.,
or the Company, common stock, $0.0001 par value per share, or the
common stock, as follows: (i) an aggregate of up to 4,593,668
shares of common stock issued in connection with a private
placement, or the 2020 PIPE Financing, on March 4, 2020,
including shares of common stock that were issued upon the
automatic conversion on May 27, 2020 of all outstanding shares
of the Series B‑1 Convertible Preferred Stock of the Company
that were issued in the 2020 PIPE Financing and shares of common
stock that were issued upon the conversion at the option of the
holders on August 10, 2020 of all outstanding shares of the
Series B‑2 Convertible Preferred Stock of the Company that
were issued in the 2020 PIPE Financing; (ii) an aggregate of
up to 81,006 shares of common stock issued in connection with the
exercise of certain of the Placement Agent Warrants (defined below)
and certain of the Series C Warrants (defined below); and
(iii) an aggregate of up to 288,306 shares of common stock
underlying the outstanding Placement Agent Warrants and
Series C Warrants, or collectively the Warrants, held by
certain selling securityholders.
The Company is not selling any securities under this prospectus and
will not receive any of the proceeds from the sale of securities by
the selling securityholders, except that the Company may receive up
to approximately $2,628,687 in aggregate gross proceeds from the
exercise of the Warrants, if the Warrants are exercised for cash
(and, as applicable, not on a cashless basis), based on the per
share exercise price of the Warrants.
The selling securityholders or their assignees or
successors-in-interest may offer and sell the shares of common
stock described in this prospectus in a number of different ways
and at varying prices. We provide more information about how a
selling securityholder may sell its shares of common stock in the
section entitled “Plan of Distribution” appearing elsewhere in this
prospectus. We will pay the expenses incurred in registering the
securities covered by the prospectus, including legal and
accounting fees.
Our common stock is listed on the Nasdaq Capital Market under the
symbol “DMTK.” On November 6, 2020, the last reported sale
price of our common stock was $13.73 per share.
We are an “emerging growth company” under applicable Securities and
Exchange Commission rules and, as such, we are subject to reduced
public company reporting requirements.
_______________________
AN INVESTMENT IN OUR COMMON STOCK INVOLVES RISKS. SEE THE
SECTION ENTITLED “RISK FACTORS”
BEGINNING ON PAGE 4.
_______________________
Neither the Securities and Exchange Commission nor any state
securities commission has
approved or disapproved of these
securities or determined if this prospectus is truthful
or complete. Any
representation to the contrary is a criminal offense.
_______________________
The date of this prospectus is November 9,
2020
TABLE
OF CONTENTS
ABOUT THIS
PROSPECTUS
Unless the context otherwise requires, references to “DermTech,”
“Company,” “we,” “us” and “our” refer to DermTech, Inc. and our
subsidiaries.
You should rely only on the information contained in or
incorporated by reference into this prospectus. We have not, and
the selling securityholders have not, authorized anyone to provide
you with additional or different information. These securities are
not being offered in any jurisdiction where the offer is not
permitted. You should assume that the information in this
prospectus is accurate only as of the date on the front of the
document and that any information we have incorporated by reference
is accurate only as of the date of the document incorporated by
reference, regardless of the time of delivery of this prospectus or
of any sale of our common stock.
i
PROSPECTUS
SUMMARY
The following is only a summary. We urge you to read the entire
prospectus, including the more detailed consolidated financial
statements, notes to the consolidated financial statements and
other information included herein or incorporated by reference from
our other filings with the Securities and Exchange Commission, or
the SEC. Investing in our securities involves risks. Therefore,
please carefully consider the information referred to in the
section entitled “Risk Factors” beginning on page 4.
About DermTech, Inc.
We are an emerging growth molecular diagnostic company developing
and marketing novel non-invasive genomics tests that seek to
transform the practice of dermatology and related fields. Our
platform may change the diagnostic paradigm in dermatology from one
that is subjective, invasive, less accurate and higher-cost, to one
that is objective, non-invasive, more accurate and lower-cost.
Our initial focus is skin cancer. We currently have two clinical
commercial tests, with a third in development, that enhance the
early detection of skin cancer and related conditions. Our scalable
genomics platform has been designed to work with a proprietary
adhesive patch sample collection kit that provides a skin sample
collected non-invasively. We process our tests in a Clinical
Laboratory Improvement Amendments of 1988 certified and College of
American Pathologists accredited commercial laboratory located in
La Jolla, California that is licensed by the State of California
and all states requiring out-of-state licensure. We also provide
our technology platform on a contract basis to large pharmaceutical
companies who use the technology in their clinical trials to test
for the existence of genetic targets of various diseases and to
measure the response of new drugs under development. We have a
history of net losses since our inception.
Additional Information
For additional information related to our business and operations,
please refer to the reports incorporated herein by reference, as
described under the caption “Incorporation of Certain Information
By Reference” on page 17 of this prospectus.
Our Corporate Information
On August 29, 2019,
the Company, formerly known as Constellation Alpha Capital Corp.,
and DermTech Operations, Inc., formerly known as DermTech, Inc., or
DermTech Operations, consummated the transactions contemplated by
the Agreement and Plan of Merger, dated as of May 29, 2019, by
and among the Company, DT Merger Sub, Inc., or Merger Sub, and
DermTech Operations. We refer to this agreement, as amended by that
certain First Amendment to Agreement and Plan of Merger dated as of
August 1, 2019, as the Merger Agreement. Pursuant to the
Merger Agreement, Merger Sub merged with and into DermTech
Operations, with DermTech Operations surviving as our wholly owned
subsidiary. We refer to this transaction as the Business
Combination.
In connection with, and two
days prior to the completion of the Business Combination, the
Company re‑domiciled out of the British Virgin Islands and
continued as a company incorporated in the State of Delaware. On
August 29, 2019, immediately following the completion of the
Business Combination, we amended and restated our certificate of
incorporation to change the name of the Company to DermTech, Inc.
Prior to the completion of the Business Combination, the Company
was a shell company. As a result of the Business Combination, the
business of DermTech Operations became the business of the Company
and, as reported in our Current Report on Form 8‑K filed with
the SEC on September 5, 2019 containing the information
required by Form 10 to register securities under the
Securities Exchange Act of 1934, as amended, or the Exchange Act,
the Company ceased to be a shell company.
Our corporate headquarters
are located at 11099 N. Torrey Pines Road, Suite, 100, La Jolla,
California 92037, and our telephone number is (858) 450-4222.
Our website is located at www.dermtech.com.
The information contained on, or that can be accessed through, our
website is not a part of this prospectus, and our reference to the
address for our website is intended to be an inactive textual
reference only.
Selling Stockholder Overview
This prospectus relates to the proposed resale or other disposition
from time to time of up to 4,962,980 shares of our common stock by
the selling securityholders, as follows: (i) an aggregate of
up to 4,593,668 shares of common stock issued in connection with a
private placement, or the 2020 PIPE Financing, on March 4,
2020, including shares of common stock that were issued upon the
automatic conversion on May 27, 2020 of all outstanding shares
of the Series B‑1 Convertible Preferred Stock of the Company
that were issued in the 2020 PIPE Financing and shares of common
stock that were issued upon the conversion at the option of the
holders on August 10, 2020 of all outstanding shares of the
Series B‑2 Convertible Preferred Stock of the Company that
were issued in the 2020 PIPE Financing; (ii) an aggregate of
up to 81,006 shares of common stock issued in connection with the
exercise of certain of the Placement Agent Warrants (defined below)
and certain of the Series C Warrants (defined below); and
(iii) an aggregate of up to 288,306 shares of common stock
underlying the outstanding Placement Agent Warrants and
Series C Warrants, or collectively the Warrants, held by
certain selling securityholders.
1
2020
PIPE Financing
On February 28, 2020, we entered into a securities purchase
agreement, or the Purchase Agreement, with certain institutional
investors, or the Investors, which Investors are among the selling
securityholders, for a private placement of our equity securities,
or the 2020 PIPE Financing, for the purchase and sale of
2,467,724 shares of common stock, at a price of $10.50 per
share, 3,198.9419 shares of Series B‑1 Convertible Preferred
Stock, or the Series B‑1 Convertible Preferred Stock, at a
price of $10,500.00 per share, and 523.8094 shares of
Series B‑2 Convertible Preferred Stock, or the Series B‑2
Convertible Preferred Stock, at a price of $10,500.00 per
share, for aggregate gross proceeds of approximately
$65.0 million, and net proceeds of approximately
$60.0 million, after deducting our estimated offering
expenses. The Series B‑1 Convertible Preferred Stock and
Series B‑2 Convertible Preferred Stock are collectively
referred to herein as the Preferred Shares. The shares of common
stock and the Preferred Shares were issued at a closing on
March 4, 2020 pursuant to the terms of the Purchase
Agreement.
Certain holders of more than 5% of the Company’s capital stock and
their affiliates, as well as an affiliate of a director of the
Company, participated in the 2020 PIPE Financing. Entities
affiliated with RTW Investments, LP purchased an aggregate of
152,456 shares of our common stock and 228.4963 shares of
Series B‑1 Convertible Preferred Stock for a cash purchase
price of approximately $4.0 million. Entities affiliated with
Farallon Capital Management, L.L.C. purchased an aggregate of
523.8094 shares of Series B‑2 Convertible Preferred Stock for
a cash purchase price of approximately $5.5 million. HLM
Venture Partners IV, L.P. purchased an aggregate of 76,228 shares
of our common stock and 114.2481 shares of Series B‑1
Convertible Preferred Stock for a cash purchase price of
approximately $2.0 million. Enrico Picozza, a director of the
Company, has a pecuniary interest in HLM Venture Associates IV,
LLC, the general partner of HLM Venture Partners IV, L.P.
Mr. Picozza disclaims beneficial ownership of such securities
except to the extent of his pecuniary interest therein.
Each share of Series B‑1 Convertible Preferred Stock was
convertible into 1,000 shares of common stock, subject to
adjustment as provided in the Certificate of Designation of
Preferences, Rights and Limitations of Series B‑1 Convertible
Preferred Stock. Each share of Series B‑1 Convertible
Preferred Stock automatically converted into common stock on the
first trading day after the approval by our stockholders of our
issuance of the shares of common stock underlying the Preferred
Shares in the 2020 PIPE Financing, or Stockholder Approval. We
received Stockholder Approval at our annual meeting of stockholders
on May 26, 2020. Accordingly, on May 27, 2020, the
3,198.9419 shares of Series B‑1 Convertible Preferred Stock
automatically converted into an aggregate of 3,198,949 shares of
common stock. Certain shares of such common stock are being offered
by the selling securityholders
in this prospectus.
Each share of Series B‑2 Convertible Preferred Stock was
convertible into 1,000 shares of common stock, subject to
adjustment as provided in the Certificate of Designation of
Preferences, Rights and Limitations of Series B‑2 Convertible
Preferred Stock. Each share of Series B‑2 Convertible
Preferred Stock was convertible into common stock at the option of
the holder, provided that conversion was prohibited (i) until
the first trading day after Stockholder Approval and
(ii) following Stockholder Approval, if, as a result of any
such conversion, the holder would beneficially own in excess of
9.99% of the total number of shares of common stock outstanding
immediately after giving effect to such conversion. We received
Stockholder Approval at our annual meeting of stockholders on
May 26, 2020. Accordingly, on May 27, 2020, the 523.8094
shares of Series B‑2 Convertible Preferred Stock of the
Company became eligible to convert into an aggregate of 523,814
shares of common stock, subject to the beneficial ownership
limitation. All shares of the Series B‑2 Convertible Preferred
Stock of the Company were converted to common stock at the option
of the holders on August 10, 2020. Certain shares of such
common stock are being offered by the
selling securityholders in this prospectus.
We entered
into a registration rights agreement, or the 2020 Registration
Rights Agreement, with the Investors at the closing of the 2020
PIPE Financing that required us to register the resale of the
common stock and the shares of common stock underlying the
Preferred Shares. The shares of common stock and shares of common
stock converted from the Preferred Shares issued in the 2020 PIPE
Financing were initially registered on the registration statement
on Form S‑1 in accordance with the 2020 Registration Rights
Agreement. The Post-Effective Amendment No. 1 to Form S‑1
on Form S‑3 that contains this updated prospectus relating to
the offering and sale of the shares that were registered for resale
on the registration statement on Form S‑1 is being filed by
the Company to convert the registration statement into a
registration statement on Form S‑3.
Placement Agent Warrants and Series C Warrants
The shares of our common stock underlying the outstanding Warrants
that are being registered on the registration statement of which
this prospectus forms a part consist of (i) 227,249 shares of
common stock underlying certain of the warrants issued to a
registered placement agent, or the Placement Agent, and its
designees in connection with the Placement Agent’s assistance in
marketing and selling common and preferred units of DermTech
Operations in offerings conducted between 2015 and 2018, or the
Placement Agent Warrants, and (ii) 61,057 shares of common
stock underlying certain of the warrants that were issued to
investors in DermTech Operations’ Series C Financing, or the
Series C Warrants. Certain of the Placement Agent Warrants and
Series C Warrants held by selling securityholders were
assigned to such holders by the Placement Agent in April 2020.
The Company and each selling securityholder that holds Placement
Agent Warrants and Series C Warrants have entered into a Selling
Securityholder Notice, Agreement and Questionnaire, or the
Agreement and Questionnaire, that governs the registration of
common stock issued pursuant to or underlying such Placement Agent
Warrants and Series C Warrants. The Agreement and
Questionnaire requires that such holders of the Placement Agent
Warrants and Series C Warrants or common stock issued pursuant
to such warrants be bound by certain provisions of the 2020
Registration Rights Agreement, including provisions relating to
registration procedures, indemnification and compliance obligations
with respect to the registration of their common stock issued
pursuant to or underlying the Placement Agent Warrants and
Series C Warrants.
We will not receive any of the proceeds from the sale of securities
by the selling securityholders pursuant to this prospectus. We may
receive up to approximately $2,628,687 in aggregate gross proceeds
from the exercise of Warrants, if the Warrants are exercised for
cash (and, as applicable, not a cashless basis), based on the per
share exercise price of the Warrants. Any proceeds we receive from
the exercise of the Warrants will be used for working capital and
general corporate purposes.
2
THE
OFFERING
Common stock offered by the selling securityholders
|
Up to 4,962,980 shares of
common stock, as follows: (i) an aggregate of up to 4,593,668
shares of common stock issued in connection with the 2020 PIPE
Financing on March 4, 2020, including shares of common stock
that were issued upon the automatic conversion on May 27, 2020
of all outstanding shares of the Series B‑1 Convertible
Preferred Stock of the Company that were issued in the 2020 PIPE
Financing and shares of common stock that were issued upon the
conversion at the option of the holders on August 10, 2020 of
all outstanding shares of the Series B‑2 Convertible Preferred
Stock of the Company that were issued in the 2020 PIPE Financing;
(ii) an aggregate of up to 81,006
shares of common stock issued in connection with the exercise of
certain of the Placement Agent Warrants and certain of the
Series C Warrants; and (iii) an aggregate of up to
288,306 shares of common stock underlying the outstanding Placement
Agent Warrants and Series C Warrants held by certain selling
securityholders.
|
Common stock outstanding as of November 4, 2020
|
19,595,306 shares of common stock.
|
Use of Proceeds
|
We will not receive any of the proceeds from the sale of securities
by the selling securityholders pursuant to this prospectus. We may
receive up to approximately $2,628,687 in aggregate gross proceeds
from the exercise of the Warrants, if the Warrants are exercised
for cash (and, as applicable, not a cashless basis), based on the
per share exercise price of the Warrants. Any proceeds we receive
from the exercise of the Warrants will be used for working capital
and general corporate purposes.
|
Offering Price
|
The selling securityholders may sell all or a portion of their
shares through public or private transactions at prevailing market
prices or privately negotiated prices.
|
Risk Factors
|
An investment in our securities involves a high degree of risk. See
the section entitled “Risk Factors” of this prospectus.
|
Nasdaq Capital Market symbol
|
“DMTK”
|
3
RISK FACTORS
Investing in our securities involves a high degree of risk. You
should carefully review and consider the risk factors set forth in
Part II, Item 1A “Risk Factors” in our Quarterly Report
on Form 10‑Q for the quarter ended June 30, 2020, filed
with the SEC on August 5, 2020, which is incorporated by
reference in this prospectus, as well as any updates thereto
contained in subsequent filings with the SEC, and all other
information contained in this prospectus or incorporated by
reference into this prospectus before purchasing our securities.
The risks and uncertainties described in these risk factors are not
the only ones facing us. Additional risks and uncertainties of
which we are currently unaware or which we currently consider to be
immaterial may also become important factors that affect us. If any
of these risks occur, our business, financial condition or results
of operations could be materially and adversely affected. In that
case, the value of our common stock could decline, and you may lose
some or all of your investment.
4
SPECIAL
NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This
prospectus and the documents incorporated by reference into this
prospectus contain forward-looking statements regarding our
business, financial condition, results of operations and prospects.
Words such as, but not limited to “anticipate,” “aim,” “believe,”
“contemplate,” “continue,” “could,” “design,” “estimate,” “expect,”
“intend,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “pro forma,” “project,” “seek,” “should,”
“suggest,” “strategy,” “target,” “will,” “would,” and similar
expressions or variations thereof are intended to identify
forward-looking statements, but are not deemed to represent an
all-inclusive means of identifying forward-looking statements as
denoted in this prospectus. Additionally, statements concerning
future matters are forward-looking statements. These statements
include, among other things, statements regarding:
|
•
|
our ability to attain profitability;
|
|
•
|
our ability to continue as a going concern;
|
|
•
|
our estimates regarding our future performance, including without
limitation estimates of potential future revenues;
|
|
•
|
our ability to obtain third-party payer reimbursement for our
tests;
|
|
•
|
our ability to efficiently bill for and collect revenue resulting
from our tests;
|
|
•
|
our need to raise additional capital to fund our operations,
commercialize our products, and expand our operations;
|
|
•
|
our ability to market and sell our tests to physicians and other
clinical practitioners;
|
|
•
|
our reliance on our new telemedicine option for the PLA due to the
COVID-19 pandemic, including with respect to its adoption by
physicians and patients, its permissibility under state laws and
the availability of reimbursement from government and third-party
payors;
|
|
•
|
our ability to continue to develop our existing tests and develop
and commercialize additional novel tests;
|
|
•
|
our dependence on third parties for the manufacture of our
products;
|
|
•
|
our ability to meet market demand for our current and planned
future tests;
|
|
•
|
our reliance on our sole laboratory facility and the harm that may
result if this facility became damaged or inoperable;
|
|
•
|
our ability to compete with our competitors and their competing
products;
|
|
•
|
the importance of our executive management team;
|
|
•
|
our ability to retain and recruit key personnel;
|
|
•
|
our dependence on third parties for the supply of our laboratory
substances, equipment and other materials;
|
|
•
|
the potential for us to incur substantial costs resulting from
product liability lawsuits against us and the potential for these
lawsuits to cause us to suspend sales of our products;
|
|
•
|
the possibility that a third party may claim we have infringed or
misappropriated our intellectual property rights and that we may
incur substantial costs and be required to devote substantial time
defending against these claims;
|
|
•
|
the potential consequences of our expanding our operations
internationally;
|
|
•
|
our ability to continue to comply with applicable privacy laws and
protect confidential information from breaches;
|
|
•
|
how changes in federal health care policy could increase our costs,
decrease our revenues and impact sales of and reimbursement for our
tests;
|
|
•
|
our ability to continue to comply with federal and local laws
concerning our business and operations and the consequences
resulting from our failure to comply with such laws;
|
|
•
|
the possibility that we may be required to conduct additional
clinical studies or trials for our tests and the consequences
resulting from the delay in obtaining necessary regulatory
approvals;
|
|
•
|
the harm resulting from the potential loss, suspension, or other
restriction on one or more of our licenses, certifications or
accreditations, or the imposition of a fine or penalty on us under
federal, state, or foreign laws;
|
|
•
|
our ability to maintain our intellectual property protection;
|
|
•
|
how recent and potential future changes in tax policy could
negatively impact our business and financial condition;
|
|
•
|
how recent and potential future changes in healthcare policy could
negatively impact our business and financial condition;
|
5
|
•
|
our
ability to maintain Nasdaq listing;
|
|
•
|
our ability to manage the increased expenses and administrative
burdens as a public company; and
|
|
•
|
the effects of a sale of our common stock on the price of our
securities.
|
Although forward-looking statements in this prospectus reflect the
good faith judgment of our management, such statements can only be
based on facts and factors currently known by us. Consequently,
forward-looking statements are inherently subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in or anticipated by the
forward-looking statements. Factors that could cause or contribute
to such differences in results and outcomes include, without
limitation, those specifically addressed under the heading “Risk
Factors” above, as well as those discussed elsewhere in this
prospectus. Readers are urged not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
prospectus or as of the date of the document incorporated by
reference into this prospectus. We file reports with the Securities
and Exchange Commission, or the SEC, and our electronic filings
with the SEC (including our annual reports on Form 10‑K,
quarterly reports on Form 10‑Q and current reports on
Form 8‑K, and any amendments to these reports) are available
free of charge on the SEC’s website at www.sec.gov.
We undertake no obligation to revise or update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this prospectus, except as required by law.
Readers are urged to carefully review and consider the various
disclosures made throughout the entirety of this prospectus and the
documents incorporated by reference into this prospectus, which
disclosures are designed to advise interested parties of the risks
and factors that may affect our business, financial condition,
results of operations and prospects.
USE OF PROCEEDS
We will not receive any of the proceeds from the sale of securities
by the selling securityholders pursuant to this prospectus. We may
receive up to approximately $2,628,687 in aggregate gross proceeds
from the exercise of the Warrants, if the Warrants are exercised
for cash (and, as applicable, not a cashless basis), based on the
per share exercise price of the Warrants. Any proceeds we receive
from the exercise of the Warrants will be used for working capital
and general corporate purposes. We will incur all costs associated
with the preparation and filing of the registration statement of
which this prospectus is a part. Brokerage fees, commissions and
similar expenses, if any, attributable to the sale of shares
offered hereby will be borne by the applicable selling
securityholders.
6
SELLING
SECURITYHOLDERS
The shares of common stock being offered by the selling
securityholders, or their assignees or successors-in-interest are
up to an aggregate amount of 4,962,980 shares of common stock,
consisting of: (i) an aggregate
of up to 4,593,668 shares of common stock issued in connection with
the 2020 PIPE Financing on March 4, 2020, including shares of
common stock that were issued upon the automatic conversion on
May 27, 2020 of all outstanding shares of the Series B‑1
Convertible Preferred Stock of the Company that were issued in the
2020 PIPE Financing and shares of common stock that were issued
upon the conversion at the option of the holders on August 10,
2020 of all outstanding shares of the Series B‑2 Convertible
Preferred Stock of the Company that were issued in the 2020 PIPE
Financing; (ii) an aggregate of up to 81,006 shares of
common stock issued in connection with the exercise of certain of
the Placement Agent Warrants and certain of the Series C
Warrants; and (iii) an aggregate of up to 288,306 shares of
common stock underlying the outstanding Placement Agent Warrants
and Series C Warrants held by certain selling securityholders.
We are registering the above referenced shares of common stock in
order to permit the selling securityholders, or their assignees or
successors-in-interest, to offer the shares for resale from time to
time.
The selling securityholders may sell all, some or none of their
shares listed below in this offering. See the section entitled
“Plan of Distribution” elsewhere in this prospectus.
Except as otherwise disclosed in the footnotes below with respect
to any selling securityholder, none of the selling securityholders
have, and within the past three years have not had, any position,
office or other material relationship with us or any of our
predecessors or affiliates.
The table below lists the selling securityholders and other
information regarding the beneficial ownership (as determined under
Section 13(d) of the Exchange Act and the rules and regulations
thereunder) of the shares of common stock held by the selling
securityholders. The second column lists the percentage of shares
of common stock beneficially owned by the selling securityholders,
based on its ownership of shares of common stock, as of
September 30, 2020. The percentage of shares beneficially
owned prior to the offering is based on 19,590,998 shares of our
common stock outstanding as of September 30, 2020. The number
of shares in the column “Maximum Number of Shares of Common Stock
to be Sold Pursuant to this Prospectus” represents all of the
shares that the selling securityholders may offer under this
prospectus, assuming the exercise of the Warrants currently held by
such selling securityholders, and does not take into account the
date of, or any limitations on, the exercise of the Warrants.
|
|
Shares of Common Stock
Beneficially Owned
Before this Offering(1)
|
|
Maximum Number
of Shares of
Common Stock
to be Sold
Pursuant to this
Prospectus(3)
|
|
Shares of Common Stock to be Beneficially Owned
Upon Completion of this
Offering
|
Selling Securityholders
|
|
Number
|
|
Percentage (2)
|
|
Number
|
|
Number
|
|
Percentage(2)
|
Casdin Partners Master Fund, LP(4)
|
|
1,428,572
|
|
7.29%
|
|
1,428,572
|
|
0
|
|
*
|
Federated Hermes Kaufmann Small Cap Fund, a portfolio of Federated
Hermes Equity
Funds(5)
|
|
1,142,858
|
|
5.83%
|
|
1,142,858
|
|
0
|
|
*
|
Entities affiliated with Farallon Capital
Management, L.L.C.(6)
|
|
1,219,999
|
|
6.23%
|
|
519,614
|
|
700,385
|
|
3.58%
|
USAA Science & Technology Fund(7)
|
|
464,762
|
|
2.37%
|
|
464,762
|
|
0
|
|
*
|
Entities affiliated with RTW Investments, LP(8)
|
|
2,918,666
|
|
14.87%
|
|
443,854
|
|
2,474,812
|
|
12.61%
|
Maven Investment Partners US Limited – New York Branch(9)
|
|
274,870
|
|
1.40%
|
|
230,870
|
|
44,000
|
|
*
|
Entities affiliated with Pura Vida Investments, LLC (10)
|
|
402,138
|
|
2.05%
|
|
201,157
|
|
200,981
|
|
*
|
HLM Venture Partners IV, L.P.(11)
|
|
805,862
|
|
4.11%
|
|
190,477
|
|
615,385
|
|
3.14%
|
Christopher Clark(12)
|
|
42,285
|
|
*
|
|
42,285
|
|
0
|
|
*
|
Robert Setteducati(13)
|
|
42,285
|
|
*
|
|
42,285
|
|
0
|
|
*
|
Thomas Parigian(14)
|
|
42,285
|
|
*
|
|
42,285
|
|
0
|
|
*
|
Entities affiliated with Paulson Investment
Company, LLC(15)
|
|
15,777
|
|
*
|
|
15,777
|
|
0
|
|
*
|
Peter Fogarty(16)
|
|
12,839
|
|
*
|
|
12,839
|
|
0
|
|
*
|
Gary Saccaro(17)
|
|
12,574
|
|
*
|
|
12,574
|
|
0
|
|
*
|
Timothy Touloukian(18)
|
|
10,919
|
|
*
|
|
10,919
|
|
0
|
|
*
|
Entities affiliated with Brian Mark Miller(19)
|
|
7,338
|
|
*
|
|
7,338
|
|
0
|
|
*
|
Minish Joe Hede(20)
|
|
5,732
|
|
*
|
|
5,732
|
|
0
|
|
*
|
Carrie Snyder(21)
|
|
5,582
|
|
*
|
|
5,582
|
|
0
|
|
*
|
Byron Crowe(22)
|
|
5,025
|
|
*
|
|
5,025
|
|
0
|
|
*
|
Albert Landstrom(23)
|
|
4,817
|
|
*
|
|
4,817
|
|
0
|
|
*
|
Tanya Urbach(24)
|
|
3,934
|
|
*
|
|
3,934
|
|
0
|
|
*
|
Soleus Capital Master Fund, L.P.(25)
|
|
2,954
|
|
*
|
|
2,954
|
|
0
|
|
*
|
Malcolm Alexander Winks(26)
|
|
2,911
|
|
*
|
|
2,911
|
|
0
|
|
*
|
Eugene Webb(27)
|
|
2,558
|
|
*
|
|
2,558
|
|
0
|
|
*
|
Ahmed Gheith(28)
|
|
2,448
|
|
*
|
|
2,448
|
|
0
|
|
*
|
DTA Investments LLC(29)
|
|
2,249
|
|
*
|
|
2,249
|
|
0
|
|
*
|
MIS Equity Strategies, LP(30)
|
|
7,081
|
|
*
|
|
2,097
|
|
4,984
|
|
*
|
Thomas and Patricia Nolan(31)
|
|
10,150
|
|
*
|
|
2,096
|
|
8,054
|
|
*
|
Asian Gateway Limited(32)
|
|
9,406
|
|
*
|
|
1,568
|
|
7,838
|
|
*
|
Basil Christakos(33)
|
|
1,568
|
|
*
|
|
1,568
|
|
0
|
|
*
|
Douglas Harnar LLC(34)
|
|
1,469
|
|
*
|
|
1,469
|
|
0
|
|
*
|
7
|
|
Shares of Common Stock
Beneficially Owned
Before this Offering(1)
|
|
Maximum Number
of Shares of
Common Stock
to be Sold
Pursuant to this
Prospectus(3)
|
|
Shares of Common Stock to be Beneficially Owned
Upon Completion of this
Offering
|
Selling Securityholders
|
|
Number
|
|
Percentage (2)
|
|
Number
|
|
Number
|
|
Percentage(2)
|
Christopher
DeGroat(35)
|
|
1,347
|
|
*
|
|
1,347
|
|
0
|
|
*
|
William Corbett(36)
|
|
1,154
|
|
*
|
|
1,154
|
|
0
|
|
*
|
Mark Finckle(37)
|
|
1,113
|
|
*
|
|
1,113
|
|
0
|
|
*
|
Barret Marshall Miller(38)
|
|
1,048
|
|
*
|
|
1,048
|
|
0
|
|
*
|
Allen Gabriel(39)
|
|
7,980
|
|
*
|
|
980
|
|
7,000
|
|
*
|
William and Stephanie Costigan(40)
|
|
5,879
|
|
*
|
|
980
|
|
4,899
|
|
*
|
William J. Truxal(41)
|
|
980
|
|
*
|
|
980
|
|
0
|
|
*
|
Peter Colettis(42)
|
|
917
|
|
*
|
|
917
|
|
0
|
|
*
|
Rodney Baber(43)
|
|
793
|
|
*
|
|
793
|
|
0
|
|
*
|
Millennium Trust Company, LLC CUST FBO Christopher Hermann
IRA(44)
|
|
690
|
|
*
|
|
690
|
|
0
|
|
*
|
Lorraine Maxfield(45)
|
|
607
|
|
*
|
|
607
|
|
0
|
|
*
|
Northlea Partners(46)
|
|
3,528
|
|
*
|
|
588
|
|
2,940
|
|
*
|
Entities affiliated with Daniel Gilbert(47)
|
|
572
|
|
*
|
|
572
|
|
0
|
|
*
|
Randall J. & Maribeth M. Wolfe Revocable Trust Agreement dtd
12/23/2003
(48)
|
|
570
|
|
*
|
|
570
|
|
0
|
|
*
|
Strata Trust Company Custodian FBO Nancy L Cowgill IRA(49)
|
|
0
|
|
*
|
|
570
|
|
0
|
|
*
|
Theodore H. Hustead(50)
|
|
570
|
|
*
|
|
570
|
|
0
|
|
*
|
Thomas Endres(51)
|
|
557
|
|
*
|
|
557
|
|
0
|
|
*
|
David Wolfsohn(52)
|
|
543
|
|
*
|
|
543
|
|
0
|
|
*
|
Adam Lipson(53)
|
|
490
|
|
*
|
|
490
|
|
0
|
|
*
|
Danny Cornwell(54)
|
|
490
|
|
*
|
|
490
|
|
0
|
|
*
|
Keith Wright(55)
|
|
2,940
|
|
*
|
|
490
|
|
2,450
|
|
*
|
Mike and Lisa Zupan(56)
|
|
490
|
|
*
|
|
490
|
|
0
|
|
*
|
Gerald B. Johnston(57)
|
|
2,940
|
|
*
|
|
490
|
|
2,450
|
|
*
|
The GBS Living Trust(58)
|
|
2,790
|
|
*
|
|
490
|
|
2,300
|
|
*
|
Hazem Algendi(59)
|
|
480
|
|
*
|
|
480
|
|
0
|
|
*
|
Ralph Wharton(60)
|
|
456
|
|
*
|
|
456
|
|
0
|
|
*
|
David Kimball(61)
|
|
392
|
|
*
|
|
392
|
|
0
|
|
*
|
Marc A Cohen(62)
|
|
5,742
|
|
*
|
|
392
|
|
5,350
|
|
*
|
Roger Ramsey(63)
|
|
2,353
|
|
*
|
|
392
|
|
1,961
|
|
*
|
Fred & Betty Bialek Revocable Trust dtd 12/20/2004(64)
|
|
313
|
|
*
|
|
313
|
|
0
|
|
*
|
Peter J Bowen & Diane S Bowen Revocable Living Trust(65)
|
|
3,725
|
|
*
|
|
293
|
|
3,432
|
|
*
|
Millennium Trust Company, LLC CUST FBO Deborah J Wilson IRA(66)
|
|
286
|
|
*
|
|
286
|
|
0
|
|
*
|
Sandip Patel(67)
|
|
286
|
|
*
|
|
286
|
|
0
|
|
*
|
Xenium Trust U/A dtd 1/1/2012(68)
|
|
286
|
|
*
|
|
286
|
|
0
|
|
*
|
Keith and Jeanne Fishback(69)
|
|
286
|
|
*
|
|
286
|
|
0
|
|
*
|
Greg Buffington(70)
|
|
252
|
|
*
|
|
252
|
|
0
|
|
*
|
Mike Nye(71)
|
|
5,617
|
|
*
|
|
229
|
|
5,388
|
|
*
|
BCS Capital, LLC(72)
|
|
196
|
|
*
|
|
196
|
|
0
|
|
*
|
Tyson Robbins(73)
|
|
196
|
|
*
|
|
196
|
|
0
|
|
*
|
Jacob Gamble(74)
|
|
28,176
|
|
*
|
|
176
|
|
28,000
|
|
*
|
John Nole(75)
|
|
149
|
|
*
|
|
149
|
|
0
|
|
*
|
Mitchell J Tracy(76)
|
|
143
|
|
*
|
|
143
|
|
0
|
|
*
|
The Scott and Mary Schroeder Living Trust Dated 2/10/2015(77)
|
|
131
|
|
*
|
|
131
|
|
0
|
|
*
|
Langeliers Family Trust(78)
|
|
0
|
|
*
|
|
117
|
|
0
|
|
*
|
William Massie(79)
|
|
116
|
|
*
|
|
116
|
|
0
|
|
*
|
C Joseph Van Haverbeke Trust dated 2/15/1995(80)
|
|
114
|
|
*
|
|
114
|
|
0
|
|
*
|
Pat Welch and an affiliated entity(81)
|
|
228
|
|
*
|
|
228
|
|
0
|
|
*
|
Jud and Barbara Longaker(82)
|
|
114
|
|
*
|
|
114
|
|
0
|
|
*
|
Thomas Hoare(83)
|
|
100
|
|
*
|
|
100
|
|
0
|
|
*
|
Irwin and Joan Jacobs Trust 6-2-80(84)
|
|
1,850,366
|
|
9.42%
|
|
83,864
|
|
1,766,502
|
|
9.00%
|
(*)
|
Indicates beneficial ownership of less than 1%.
|
(1)
|
“Beneficial ownership” is a term broadly defined in Rule 13d-3
under the Exchange Act, and includes more than the typical form of
stock ownership, that is, stock held in a person’s name. The term
also includes what is referred to as “indirect ownership,” meaning
ownership of shares as to which a person has or shares investment
power. For purposes of this column, a person or group of persons is
deemed to have “beneficial ownership” of any shares that such
person or group of persons has the right to acquire within 60 days
after September 30, 2020, including through the exercise of a
warrant or the conversion of a security.
|
8
(2)
|
The
calculation of the percentage ownership for each securityholder
assumes, in each case only to the extent that such securities are
currently
convertible or exercisable or are convertible or exercisable within
60 days after September 30, 2020 (taking into account for such
purpose any limitations on such conversion or exercise under
applicable beneficial ownership rules), (i) the exercise
of
the Warrants held by the securityholder and (ii) the
conversion or exercise of any other derivative securities held by
the securityholder, but does not assume the conversion of any
convertible securities or exercise of warrants or other derivative
securities
by any other securityholder.
|
(3)
|
The number of shares in this column represents all of the shares
that the selling securityholders may offer under this prospectus,
assuming the exercise of the Warrants currently held by such
selling securityholders, and does not take into account the date
of, or any limitations on, the exercise of the
Warrants.
|
(4)
|
The shares reflected as beneficially owned by Casdin Partners
Master Fund, LP in the table above consist of 1,428,572 shares of
Common Stock. Such securities are owned directly by Casdin Partners
Master Fund, LP and may be deemed to be indirectly beneficially
owned by (i) Casdin Capital, LLC, the investment adviser to Casdin
Partners Master Fund, LP, (ii) Casdin Partners GP, LLC, the general
partner of Casdin Partners Master Fund LP, and (iii) Eli Casdin,
the managing member of Casdin Capital, LLC and Casdin Partners GP,
LLC. Each of Casdin Capital, LLC, Casdin Partners GP, LLC and Eli
Casdin disclaims beneficial ownership of such securities except to
the extent of their respective pecuniary interest therein.
|
(5)
|
The shares reflected as beneficially owned by Federated Hermes
Kaufmann Small Cap Fund, a portfolio of Federated Hermes Equity
Funds, or the Fund, in the table above consist of 1,142,858 shares
of Common Stock. The Fund is managed by Federated Equity Management
Company of Pennsylvania and subadvised by Federated Global
Investment Management Corp., which are wholly owned subsidiaries of
FII Holdings, Inc., which is a wholly owned subsidiary of Federated
Hermes, Inc., or the Parent. All of the Parent’s outstanding voting
stock is held in the Voting Shares Irrevocable Trust, or the Trust,
for which Thomas R. Donahue, Rhodora J. Donahue and J. Christopher
Donahue, who are collectively referred to as Trustees, act as
trustees. The Parent’s subsidiaries have the power to direct the
vote and disposition of the securities held by the Fund. Each of
the Parent, its subsidiaries, the Trust, and each of the Trustees
expressly disclaim beneficial ownership of such securities.
|
(6)
|
The shares reflected as beneficially owned by the entities
affiliated with Farallon Capital Management, L.L.C. in the table
above consists of shares held by eight limited partnerships for
which Farallon Capital Management, L.L.C. is the registered
investment advisor, including (i) 19,392 shares of common stock
held by Farallon Capital (AM) Investors, L.P., or FCAMI, (ii)
50,287 shares of common stock held by Farallon Capital F5 Master I,
L.P., or F5MI, (iii) 297,005 shares of common stock held by
Farallon Capital Institutional Partners, L.P., or FCIP, (iv) 50,590
shares of common stock held by Farallon Capital Institutional
Partners II, L.P., or FCIP II, (v) 27,183 shares of common stock
held by Farallon Capital Institutional Partners III, L.P., or FCIP
III, (vi) 494,788 shares of common stock held by Farallon Capital
Offshore Investors II, L.P., or FCOI II, (vii) 238,964 shares of
common stock held by Farallon Capital Partners, L.P., or FCP, and
(viii) 41,790 shares of common stock held by Four Crossings
Institutional Partners V, L.P., or FCIP V. Farallon Partners,
L.L.C., or FPLLC, as the general partner of FCP, FCIP, FCIP II,
FCIP III, FCOI II and FCAMI, or the FPLLC Entities, may be deemed
to beneficially own such shares of common stock held by or issuable
to each of the FPLLC Entities. Farallon F5 (GP), L.L.C., or F5MI
GP, as the general partner of F5MI, may be deemed to beneficially
own such shares of common stock held by or issuable to F5MI.
Farallon Institutional (GP) V, L.L.C., or FCIP V GP, as the general
partner of FCIP V, may be deemed to beneficially own such shares of
common stock held by or issuable to FCIP V. Each of Philip D.
Dreyfuss, Michael B. Fisch, Richard B. Fried, David T. Kim, Michael
G. Linn, Rajiv A. Patel, Thomas G. Roberts, Jr., William Seybold,
Andrew J. M. Spokes, John R. Warren and Mark C. Wehrly, or the
Farallon Managing Members, as a (i) managing member or senior
managing member, as the case may be, of FPLLC or (ii) manager or
senior manager, as the case may be, of F5MI GP and FCIP V GP, in
each case with the power to exercise investment discretion with
respect to the shares that may be deemed to be beneficially owned
by FPLLC, F5MI GP or FCIP V GP, may be deemed to beneficially own
such shares of common stock held by or issuable to the FCPLLC
Entities, F5MI or FCIP V. Each of FPLLC, F5MI GP, FCIP V GP and the
Farallon Managing Members disclaims beneficial ownership of any
such shares of common stock.
|
(7)
|
The shares reflected as beneficially owned by USAA Science &
Technology Fund, a series of USAA Mutual Funds Trust, in the table
above consist of 464,762 shares of Common Stock. Chris Clark has
the power to direct the vote and disposition of such securities.
Mr. Clark disclaims beneficial ownership of such securities
except to the extent of his pecuniary interest therein.
|
(8)
|
The shares reflected as beneficially owned by RTW Investments, LP
in the table above consist of consists of 2,887,216 shares of
common stock beneficially owned by RTW Investments, LP and 31,450
shares of common stock that may be acquired pursuant to the
exercise of warrants beneficially owned by RTW Investments, LP. RTW
Investments, LP has the power to direct the vote and disposition of
securities held by RTW Master Fund, Ltd., RTW Innovation Master
Fund, Ltd. and RTW Venture Fund Limited. Accordingly, RTW
Investments, LP may be deemed to be the beneficial owner of such
securities. Roderick Wong, M.D. has the power to direct the vote
and disposition of the securities held by RTW Investments, LP. Dr.
Wong is the managing partner of RTW Investments GP, LLC, which is
the managing partner of RTW Investments, LP. Dr. Wong disclaims
beneficial ownership of the shares held by RTW Master Fund, Ltd.,
RTW Innovation Master Fund, Ltd., and RTW Venture Fund Limited,
except to the extent of his pecuniary interest therein.
|
(9)
|
The shares reflected consist of shares of common stock held by
Maven Investment Partners US Ltd – New York Branch, or Maven, which
owns the shares. Anand K. Sharma may be deemed to have investment
discretion and voting power over the shares held by Maven. The
address of Maven is 675 3rd Ave., 15th Floor, New York, New York
10017.
|
9
(10)
|
The
shares reflected as beneficially owned by the entities affiliated
with Pura Vida Investments, LLC, or PVI, in the table above
consist
of shares held directly by client accounts for which PVI is the
registered investment manager or sub-adviser, including (i) 226,281
shares of Common Stock held by Pura Vida Master Fund, Ltd. and (ii)
175,857 shares of Common Stock held by certain
separately
managed accounts, or the Accounts, each as of September 30, 2020.
Efrem Kamen serves as the managing member of PVI. By virtue of
these relationships, PVI and/or Efrem Kamen may be deemed to have
shared voting and dispositive power with respect to the
shares owned directly by Pura Vida Master Fund, Ltd. and the
Accounts. This shall not be deemed an admission that PVI and/or
Efrem Kamen are beneficial owners of such shares for purposes of
Section 13 of the Exchange Act or for any other purpose. Each of
PVI
and Efrem Kamen disclaim beneficial ownership of such shares except
to the extent of PVI’s and/or Efrem Kamen’s pecuniary interest
therein.
|
(11)
|
The shares reflected as beneficially owned by HLM Venture Partners
IV, L.P. consist of 805,862 shares of Common Stock. HLM Venture
Associates IV, LLC, or HLM GP, as the general partner of HLM
Venture Partners IV, L.P., or HLM LP, has the power to direct the
vote and disposition of the Common Stock held by HLM LP.
Accordingly, HLM GP may be deemed to be the beneficial owner of
such shares. Edward Cahill and Peter Grua, as the Class A
Members of HLM GP, have the power to direct the vote and
disposition of the securities held by HLM GP. Accordingly,
Mr. Cahill and Mr. Grua may be deemed to be the
beneficial owners of the shares of Common Stock held by HLM LP.
Additionally, Enrico Picozza, a director of the Company, has a
pecuniary interest in HLM GP, the general partner of HLM LP.
Mr. Picozza disclaims beneficial ownership of such securities
except to the extent of his pecuniary interest therein.
|
(12)
|
The shares reflected as beneficially owned by Christopher Clark in
the table above consist of 42,285 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Mr. Clark is chairman of the board of
Paulson Investment Company, LLC, which held with its affiliates
greater than 5% of the voting securities of DermTech Operations,
Inc. prior to the Business Combination and within the past three
years.
|
(13)
|
The shares reflected as beneficially owned by Robert Setteducati in
the table above consist of 42,285 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Mr. Setteducati is a managing partner of
Paulson Investment Company, LLC, which held with its affiliates
greater than 5% of the voting securities of DermTech Operations,
Inc. prior to the Business Combination and within the past three
years.
|
(14)
|
The shares reflected as beneficially owned by Thomas Parigian in
the table above consist of 42,285 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Mr. Parigian is a managing partner of
Paulson Investment Company, LLC, which held with its affiliates
greater than 5% of the voting securities of DermTech Operations,
Inc. prior to the Business Combination and within the past three
years.
|
(15)
|
The shares reflected as beneficially owned by entities affiliated
with Paulson Investment Company, LLC in the table above consist of
(i) 5,768 shares of Common Stock that may be acquired pursuant to
the exercise of Warrants held by Paulson Investment Company, LLC
within 60 days after September 30, 2020 and (ii) 10,009 shares of
Common Stock that may be acquired pursuant to the exercise of
Warrants held by Paulson Capital Holding Company, LLC within 60
days after September 30, 2020. Paulson Capital Holding Company, LLC
is the parent company of Paulson Investment Company, LLC. Trent
Davis has the power to direct the vote and disposition of the
securities held by each of Paulson Investment Company LLC and
Paulson Capital Holding Company, LLC. Trent Davis disclaims
beneficial ownership of the shares held by each of Paulson
Investment Company LLC and Paulson Capital Holding Company, LLC,
except to the extent of his pecuniary interest therein. Entities
affiliated with Paulson Investment Company, LLC held greater than
5% of the voting securities of DermTech Operations, Inc. prior to
the Business Combination and within the past three years.
|
(16)
|
The shares reflected as beneficially owned by Peter Fogarty in the
table above consist of 12,839 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(17)
|
The shares reflected as beneficially owned by Gary Saccaro in the
table above consist of 12,574 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(18)
|
The shares reflected as beneficially owned by Timothy Touloukian in
the table above consist of 10,919 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020.
|
(19)
|
The shares reflected as beneficially owned by entities and persons
affiliated with Brian Mark Miller in the table above consist of (i)
2,097 shares of Common Stock that may be acquired pursuant to the
exercise of Warrants held by BMM Capital LLC within 60 days after
September 30, 2020, (ii) 524 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants held by EKM Capital
LLC within 60 days after September 30, 2020, (iii) 524 shares of
Common Stock that may be acquired pursuant to the exercise of
Warrants held by KAM Capital LLC within 60 days after September 30,
2020 and (iv) 4,193 shares of Common Stock that may be acquired
pursuant to the exercise of Warrants held by Velcro LLC within 60
days after September 30, 2020. Brian Mark Miller has the power to
direct the vote and disposition of the Common Stock held by each of
BMM Capital LLC, EKM Capital LLC, KAM Capital LLC and Velcro
LLC.
|
(20)
|
The shares reflected as beneficially owned by Minish Joe Hede in
the table above consist of 5,732 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(21)
|
The shares reflected as beneficially owned by Carrie Snyder in the
table above consist of 5,582 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(22)
|
The shares reflected as beneficially owned by Byron Crowe in the
table above consist of 5,025 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
10
(23)
|
The
shares reflected as beneficially owned by Albert Landstrom in the
table above consist of
4,817
shares of Common Stock that may be acquired pursuant to the
exercise of Warrants
within 60 days after September 30, 2020.
|
(24)
|
The shares reflected as beneficially owned by Tanya Urbach in the
table above consist of 3,934 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020. Ms. Urbach was, within the past three years,
general counsel of Paulson Investment Company, LLC, which held with
its affiliates greater than 5% of the voting securities of DermTech
Operations, Inc. prior to the Business Combination and within the
past three years.
|
(25)
|
The shares reflected as beneficially owned by Soleus Capital Master
Fund, L.P., or Soleus Master Fund, in the table above consist of
2,954 shares of Common Stock. Mr. Guy Levy is the sole
managing member of Soleus Capital Group, LLC , or Soleus Group,
which is the sole managing member of Soleus Capital, LLC, which is
referred to together with Soleus Group as the Soleus Funds, and
which is the general partner of Soleus Master Fund.
Accordingly, Mr. Levy and Soleus Funds may be deemed the beneficial
owners of shares of Common Stock held by Soleus Master Fund. Mr.
Levy disclaims beneficial ownership of shares held by any of the
entities named herein pursuant to Rule 13d-4 under the Exchange
Act.
|
(26)
|
The shares reflected as beneficially owned by Malcolm Alexander
Winks in the table above consist of 2,911 shares of Common Stock
that may be acquired pursuant to the exercise of Warrants within 60
days after September 30, 2020. Mr. Winks is president and chief
financial officer of Paulson Investment Company, LLC, which held
with its affiliates greater than 5% of the voting securities of
DermTech Operations, Inc. prior to the Business Combination and
within the past three years.
|
(27)
|
The shares reflected as beneficially owned by Eugene Webb in the
table above consist of 2,558 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(28)
|
The shares reflected as beneficially owned by Ahmed Gheith in the
table above consist of 2,448 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(29)
|
The shares reflected as beneficially owned by DTA Investments LLC
in the table above consist of 2,249 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Dale Ragan has the power to direct the
vote and disposition of such securities.
|
(30)
|
The shares reflected as beneficially owned by MIS Equity
Strategies, LP in the table above consist of 7,081 shares of Common
Stock. Tony Reed has the power to direct the vote and disposition
of such securities.
|
(31)
|
The shares reflected as beneficially owned by Thomas and Patricia
Nolan in the table above consist of 8,054 shares of Common Stock
and 2,096 shares of Common Stock that may be acquired pursuant to
the exercise of Warrants within 60 days after September 30,
2020.
|
(32)
|
The shares reflected as beneficially owned by Asian Gateway Limited
in the table above consist of 7,838 shares of Common Stock and
1,568 shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020. Per
Gustafsson has the power to direct the vote and disposition of such
securities.
|
(33)
|
The shares reflected as beneficially owned by Basil Christakos in
the table above consist of 1,568 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(34)
|
The shares reflected as beneficially owned by Douglas Harnar LLC in
the table above consist of 1,469 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020. Douglas Harnar has the power to direct the vote
and disposition of such securities.
|
(35)
|
The shares reflected as beneficially owned by Christopher DeGroat
in the table above consist of 1,347 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020.
|
(36)
|
The shares reflected as beneficially owned by William Corbett in
the table above consist of 1,154 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(37)
|
The shares reflected as beneficially owned by Mark Finckle in the
table above consist of 1,113 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(38)
|
The shares reflected as beneficially owned by Barret Marshall
Miller in the table above consist of 1,048 shares of Common Stock
that may be acquired pursuant to the exercise of Warrants within 60
days after September 30, 2020.
|
(39)
|
The shares reflected as beneficially owned by Allen Gabriel in the
table above consist of 7,000 shares of Common Stock and 980 shares
of Common Stock that may be acquired pursuant to the exercise of
Warrants within 60 days after September 30, 2020.
|
(40)
|
The shares reflected as beneficially owned by William and Stephanie
Costigan in the table above consist of 4,899 shares of Common Stock
and 980 shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020.
|
(41)
|
The shares reflected as beneficially owned by William J. Truxal in
the table above consist of 980 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(42)
|
The shares reflected as beneficially owned by Peter Colettis in the
table above consist of 917 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(43)
|
The shares reflected as beneficially owned by Rodney Baber in the
table above consist of 793 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(44)
|
The shares reflected as beneficially owned by Millennium Trust
Company, LLC CUST FBO Christopher Hermann IRA in the table above
consist of 690 shares of Common Stock that may be acquired pursuant
to the exercise of Warrants within 60 days after September 30,
2020. Christopher Hermann has the power to direct the vote and
disposition of securities held by Millennium Trust Company, LLC
CUST FBO Christopher Hermann IRA.
|
11
(45)
|
The
shares reflected as beneficially owned by Lorraine
Maxfield in the table above consist of 607 shares of
Common Stock
that may be acquired pursuant to the exercise of Warrants within 60
days after September 30, 2020.
|
(46)
|
The shares reflected as beneficially owned by Northlea Partners in
the table above consist of 2,940 shares of Common Stock and 588
shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020. John
H. Abeles, M.D. has the power to direct the vote and disposition of
the Common Stock held by Northlea Partners.
|
(47)
|
The shares reflected as beneficially owned by Frances Gilbert
Family LP and Millennium Trust Company, LLC CUST FBO Daniel Gilbert
IRA in the table above consist of 572 shares of Common Stock that
may be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Daniel Gilbert has the power to direct
the vote and disposition of securities held by each of Frances
Gilbert Family LP and Millennium Trust Company, LLC CUST FBO Daniel
Gilbert IRA.
|
(48)
|
The shares reflected as beneficially owned by Randall J. &
Maribeth M. Wolfe Revocable Trust Agreement dtd 12/23/2003 in the
table above consist of 570 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020. Randall J. Wolfe has the power to direct the
vote and disposition of securities held by Randall J. &
Maribeth M. Wolfe Revocable Trust Agreement dtd 12/23/2003.
|
(49)
|
Strata Trust Company Custodian FBO Nancy L Cowgill IRA did not
beneficially own any shares of Common Stock as of September 30,
2020. Nancy Cowgill has the power to direct the vote and
disposition of securities held by Strata Trust Company Custodian
FBO Nancy L Cowgill IRA.
|
(50)
|
The shares reflected as beneficially owned by Theodore H. Hustead
in the table above consist of 570 shares of Common Stock that may
be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020.
|
(51)
|
The shares reflected as beneficially owned by Thomas Endres in the
table above consist of 557 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(52)
|
The shares reflected as beneficially owned by David Wolfsohn in the
table above consist of 543 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(53)
|
The shares reflected as beneficially owned by Adam Lipson in the
table above consist of 490 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(54)
|
The shares reflected as beneficially owned by Danny Cornwell in the
table above consist of 490 shares of Common Stock.
|
(55)
|
The shares reflected as beneficially owned by Keith Wright in the
table above consist of 2,940 shares of Common Stock.
|
(56)
|
The shares reflected as beneficially owned by Mike and Lisa Zupan
in the table above consist of 490 shares of Common Stock.
|
(57)
|
The shares reflected as beneficially owned by Gerald B. Johnston in
the table above consist of 2,940 shares of Common Stock.
|
(58)
|
The shares reflected as beneficially owned by The GBS Living Trust
in the table above consist of 2,300 shares of Common Stock and 490
shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020.
Gregory B. Stewart has the power to direct the vote and disposition
of the Common Stock held by The GBS Living Trust.
|
(59)
|
The shares reflected as beneficially owned by Hazem Algendi in the
table above consist of 480 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(60)
|
The shares reflected as beneficially owned by Ralph Wharton in the
table above consist of 456 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(61)
|
The shares reflected as beneficially owned by David Kimball in the
table above consist of 392 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(62)
|
The shares reflected as beneficially owned by Marc A. Cohen in the
table above consist of 5,350 shares of Common Stock and 392 shares
of Common Stock that may be acquired pursuant to the exercise of
Warrants within 60 days after September 30, 2020.
|
(63)
|
The shares reflected as beneficially owned by Roger Ramsey in the
table above consist of 1,961 shares of Common Stock and 392 shares
of Common Stock that may be acquired pursuant to the exercise of
Warrants within 60 days after September 30, 2020.
|
(64)
|
The shares reflected as beneficially owned by Fred & Betty
Bialek Revocable Trust dtd 12/20/2004 in the table above consist of
313 shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020. Fred
Bialek and Betty Bialek have the power to direct the vote and
disposition of securities held by Fred & Betty Bialek Revocable
Trust dtd 12/20/2004.
|
(65)
|
The shares reflected as beneficially owned by Peter J Bowen &
Diane S Bowen Revocable Living Trust in the table above consist of
3,432 shares of Common Stock and 293 shares of Common Stock that
may be acquired pursuant to the exercise of Warrants within 60 days
after September 30, 2020. Peter J. Bowen and Diane S. Bowen have
the power to direct the vote and disposition of the Common Stock
held by Peter J Bowen & Diane S Bowen Revocable Living
Trust.
|
(66)
|
The shares reflected as beneficially owned by Millennium Trust
Company, LLC CUST FBO Deborah J Wilson IRA in the table above
consist of 286 shares of Common Stock that may be acquired pursuant
to the exercise of Warrants within 60 days after September 30,
2020. Deborah J. Wilson has the power to direct the vote and
disposition of securities held by Millennium Trust Company, LLC
CUST FBO Deborah J Wilson IRA.
|
(67)
|
The shares reflected as beneficially owned by Sandip Patel in the
table above consist of 286 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
12
(68)
|
The
shares reflected as beneficially owned by
Xenium Trust U/A dtd 1/1/2012
in the table above consist of 286 shares of Common
Stock that may be acquired pursuant to the exercise of Warrants
within 60 days after September 30, 2020.
David C. Devendorf has
the power to direct the vote and disposition of securities held
by
Xenium Trust U/A dtd 1/1/2012.
|
(69)
|
The shares reflected as beneficially owned by Keith and Jeanne
Fishback in the table above consist of 286 shares of Common Stock
that may be acquired pursuant to the exercise of Warrants within 60
days after September 30, 2020.
|
(70)
|
The shares reflected as beneficially owned by Greg Buffington in
the table above consist of 252 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(71)
|
The shares reflected as beneficially owned by Mike Nye in the table
above consist of 5,388 shares of Common Stock and 229 shares of
Common Stock that may be acquired pursuant to the exercise of
Warrants within 60 days after September 30, 2020.
|
(72)
|
The shares reflected as beneficially owned by BCS Capital, LLC in
the table above consist of 196 shares of Common Stock. Katherine
Barton has the power to direct the vote and disposition of
securities held by BCS Capital, Inc.
|
(73)
|
The shares reflected as beneficially owned by Tyson Robbins in the
table above consist of 196 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(74)
|
The shares reflected as beneficially owned by Jacob Gamble in the
table above consist of 28,176 shares of Common Stock.
|
(75)
|
The shares reflected as beneficially owned by John Nole in the
table above consist of 149 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(76)
|
The shares reflected as beneficially owned by Mitchell J. Tracy in
the table above consist of 143 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(77)
|
The shares reflected as beneficially owned by The Scott and Mary
Schroeder Living Trust Dated 2/10/2015 in the table above consist
of 131 shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020. Scott
Schroeder has the power to direct the vote and disposition of
securities held by The Scott and Mary Schroeder Living Trust Dated
2/10/2015.
|
(78)
|
Langeliers Family Trust did not beneficially own any shares of
Common Stock as of September 30, 2020. Roger and Joyce
Langeliers have the power to direct the vote and disposition of
securities held by the Langeliers Family Trust.
|
(79)
|
The shares reflected as beneficially owned by William Massie in the
table above consist of 116 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020.
|
(80)
|
The shares reflected as beneficially owned by C. Joseph Van
Haverbeke Trust dated 2/15/1995 in the table above consist of 114
shares of Common Stock that may be acquired pursuant to the
exercise of Warrants within 60 days after September 30, 2020. C.
Joseph Van Haverbeke has the power to direct the vote and
disposition of securities held by C. Joseph Van Haverbeke Trust
dated 2/15/1995.
|
(81)
|
The shares reflected as beneficially owned by Pat Welch and an
affiliated entity in the table above consist of (i) 114 shares of
Common Stock that may be acquired pursuant to the exercise of
Warrants held by Boly:Welch, Inc. within 60 days after September
30, 2020 and (ii) 114 shares of Common Stock that may be acquired
pursuant to the exercise of Warrants held by Pat Welch within 60
days after September 30, 2020. Pat Welch has the power to direct
the vote and disposition of securities held by Boly:Welch, Inc.
|
(82)
|
The shares reflected as beneficially owned by Jud and Barbara
Longaker in the table above consist of 114 shares of Common Stock
that may be acquired pursuant to the exercise of Warrants within 60
days after September 30, 2020.
|
(83)
|
The shares reflected as beneficially owned by Thomas Hoare in the
table above consist of 100 shares of Common Stock.
|
(84)
|
The shares reflected as beneficially owned by Irwin & Joan
Jacobs Trust 6-2-80 in the table above consist of 1,808,434 shares
of Common Stock and 41,932 shares of Common Stock that may be
acquired pursuant to the exercise of Warrants within 60 days after
September 30, 2020. Irwin Jacobs and Joan Jacobs have the power to
direct the vote and disposition of the Common Stock held by Irwin
& Joan Jacobs Trust 6-2-80. Accordingly, Irwin Jacobs and Joan
Jacobs may be deemed to be the beneficial owners of such
shares.
|
13
PLAN OF
DISTRIBUTION
We are registering the shares of common stock (i) issued to
the selling securityholders, (ii) issued upon conversion of
the Series B‑1 Convertible Preferred Stock and the
Series B‑2 Convertible Preferred Stock issued to the selling
securityholders and (iii) issuable upon exercise of the
Warrants issued to the selling securityholders, to permit the
resale of these shares of common stock by the holders of the shares
of common stock and the Warrants from time to time after the date
of this prospectus. We will not receive any of the proceeds from
the sale by the selling securityholders of the shares of common
stock. We will bear all fees and expenses incident to our
obligation to register the shares of common stock.
The selling securityholders may sell all or a portion of the shares
of common stock beneficially owned by them and offered hereby from
time to time directly or through one or more underwriters,
broker-dealers or agents. If the shares of common stock are sold
through underwriters or broker-dealers, the selling securityholders
will be responsible for underwriting discounts or commissions or
agent’s commissions. The shares of common stock may be sold on any
national securities exchange or quotation service on which the
securities may be listed or quoted at the time of sale, in the
over-the-counter market or in transactions otherwise than on these
exchanges or systems or in the over-the-counter market and in one
or more transactions at fixed prices, at prevailing market prices
at the time of the sale, at varying prices determined at the time
of sale, or at negotiated prices. These sales may be effected in
transactions, which may involve crosses or block transactions. The
selling securityholders may use any one or more of the following
methods when selling shares:
|
•
|
ordinary brokerage transactions and transactions in which the
broker-dealer solicits purchasers;
|
|
•
|
block trades in which the broker-dealer will attempt to sell the
shares as agent but may position and resell a portion of the block
as principal to facilitate the transaction;
|
|
•
|
purchases by a broker-dealer as principal and resale by the
broker-dealer for its account;
|
|
•
|
an exchange distribution in accordance with the rules of the
applicable exchange;
|
|
•
|
privately negotiated transactions;
|
|
•
|
settlement of short sales entered into after the effective date of
the registration statement of which this prospectus is a
part;
|
|
•
|
broker-dealers may agree with the selling securityholders to sell a
specified number of such shares at a stipulated price per
share;
|
|
•
|
through the writing or settlement of options or other hedging
transactions, whether such options are listed on an options
exchange or otherwise;
|
|
•
|
a combination of any such methods of sale; and
|
|
•
|
any other method permitted pursuant to applicable law.
|
The selling securityholders also may resell all or a portion of the
shares in open market transactions in reliance upon Rule 144 under
the Securities Act of 1933, as amended, or the Securities Act, as
permitted by that rule, or Section 4(a)(1) under the Securities
Act, if available, rather than under this prospectus, provided that
they meet the criteria and conform to the requirements of those
provisions.
Broker-dealers engaged by the selling securityholders may arrange
for other broker-dealers to participate in sales. If the selling
securityholders effect such transactions by selling shares of
common stock to or through underwriters, broker-dealers or agents,
such underwriters, broker-dealers or agents may receive commissions
in the form of discounts, concessions or commissions from the
selling securityholders or commissions from purchasers of the
shares of common stock for whom they may act as agent or to whom
they may sell as principal. Such commissions will be in amounts to
be negotiated, but, except as set forth in a supplement to this
Prospectus, in the case of an agency transaction will not be in
excess of a customary brokerage commission in compliance with FINRA
Rule 2121; and in the case of a principal transaction a markup or
markdown in compliance with FINRA Rule 2121.01.
In
connection with sales of the shares of common stock or otherwise,
the selling securityholders may enter into hedging transactions
with broker-dealers or other financial institutions, which may in
turn engage in short sales of the shares of common stock in the
course of hedging in positions they assume. The selling
securityholders may also sell shares of common stock short and if
such short sale shall take place after the date that this
registration statement is declared effective by the Commission, the
selling securityholders may deliver shares of common stock covered
by this prospectus to close out short positions and to return
borrowed shares in connection with such short sales. The selling
securityholders may also loan or pledge shares of common stock to
broker-dealers that in turn may sell such shares, to the extent
permitted by applicable law. The selling securityholders may also
enter into option or other transactions with broker-dealers or
other financial institutions or the creation of one or more
derivative securities which require the delivery to such
broker-dealer or other financial institution of shares offered by
this prospectus, which shares such broker-dealer or other financial
institution may resell pursuant to this prospectus (as supplemented
or amended to reflect such transaction). Notwithstanding the
foregoing, the selling securityholders have been advised
that they may not use shares registered on this registration
statement to cover short sales of our common stock made prior to
the date the registration statement, of which this prospectus forms
a part, has been declared effective by the Securities and Exchange
Commission.
14
The
selling securityholders may, from time to time, pledge or grant a
security interest in some or all of the shares of
common stock
or the Warrants
owned by them and, if they default in the performance of their
secured obligations, the pledgees or secured parties may offer and
sell the shares of
common stock
from time to time pursuant to this prospectus or any amendment to
this prospectus under
Rule 424(b)(3) or other applicable provision of the Securities Act,
amending, if necessary, the list of selling securityholders to
include the pledgees, transferees or other successors in interest
as selling securityholders under this prospectus. The
selling
securityholders also may transfer and donate the shares of
common stock
in other circumstances in which case the transferees, donees,
pledgees or other successors in interest will be the selling
beneficial owners for purposes of this prospectus.
The selling securityholders and any broker-dealer or agent
participating in the distribution of the shares of common stock may
be deemed to be “underwriters” within the meaning of Section
2(a)(11) of the Securities Act in connection with such sales. In
such event, any commissions paid, or any discounts or concessions
allowed to, any such broker-dealer or agent and any profit on the
resale of the shares purchased by them may be deemed to be
underwriting commissions or discounts under the Securities Act.
Selling securityholders who are “underwriters” within the meaning
of Section 2(a)(11) of the Securities Act will be subject to the
applicable prospectus delivery requirements of the Securities Act
including Rule 172 thereunder and may be subject to certain
statutory liabilities of, including but not limited to, Sections
11, 12 and 17 of the Securities Act and Rule 10b-5 under the
Securities Exchange Act of 1934, as amended, or the Exchange
Act.
Each selling stockholder has informed us that it is not a
registered broker-dealer and does not have any written or oral
agreement or understanding, directly or indirectly, with any person
to distribute the common stock. Upon our being notified in writing
by a selling stockholder that any material arrangement has been
entered into with a broker-dealer for the sale of common stock
through a block trade, special offering, exchange distribution or
secondary distribution or a purchase by a broker or dealer, a
supplement to this prospectus will be filed, if required, pursuant
to Rule 424(b) under the Securities Act, disclosing (i) the name of
each such selling stockholder and of the participating
broker-dealer(s), (ii) the number of shares involved, (iii) the
price at which such the shares of common stock were sold, (iv) the
commissions paid or discounts or concessions allowed to such
broker-dealer(s), where applicable, (v) that such broker-dealer(s)
did not conduct any investigation to verify the information set out
or incorporated by reference in this prospectus, and (vi) other
facts material to the transaction.
Under the securities laws of some states, the shares of common
stock may be sold in such states only through registered or
licensed brokers or dealers. In addition, in some states the shares
of common stock may not be sold unless such shares have been
registered or qualified for sale in such state or an exemption from
registration or qualification is available and is complied
with.
There can be no assurance that any selling stockholder will sell
any or all of the shares of common stock registered pursuant to the
registration statement of which this prospectus forms a part.
Each selling stockholder and any other person participating in such
distribution will be subject to applicable provisions of the
Exchange Act and the rules and regulations thereunder, including,
without limitation, to the extent applicable, Regulation M of the
Exchange Act, which may limit the timing of purchases and sales of
any of the shares of common stock by the selling stockholder and
any other participating person. To the extent applicable,
Regulation M may also restrict the ability of any person engaged in
the distribution of the shares of common stock to engage in
market-making activities with respect to the shares of common
stock. All of the foregoing may affect the marketability of the
shares of common stock and the ability of any person or entity to
engage in market-making activities with respect to the shares of
common stock.
We will pay all expenses of the registration of the shares of
common stock pursuant to the registration rights agreement,
including, without limitation, Securities and Exchange Commission
filing fees and expenses of compliance with state securities or
“blue sky” laws; provided, however, that each selling stockholder
will pay all underwriting discounts and selling commissions, if any
and any related legal expenses incurred by it. We will indemnify
the selling securityholders against certain liabilities, including
some liabilities under the Securities Act, in accordance with the
registration rights agreement, or the selling securityholders will
be entitled to contribution. We may be indemnified by the selling
securityholders against civil liabilities, including liabilities
under the Securities Act, that may arise from any written
information furnished to us by the selling securityholders
specifically for use in this prospectus, in accordance with the
registration rights agreement, or we may be entitled to
contribution.
15
LEGAL MATTERS
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., San Diego,
California, will pass upon the validity of the securities being
offered by this prospectus.
EXPERTS
The consolidated financial statements of DermTech, Inc. as of
December 31, 2019 and 2018, and for each of the years in the
two-year period ended December 31, 2019, have been
incorporated by reference herein and in the registration statement
in reliance upon the report of KPMG LLP, independent
registered public accounting firm, incorporated by reference
herein, and upon the authority of said firm as experts in
accounting and auditing. The audit report covering the
December 31, 2019 financial statements refers to a change to
the method of accounting for revenue.
WHERE YOU
CAN FIND MORE INFORMATION
We have filed a registration statement on Form S-3 with
respect to the shares of common stock offered by this prospectus
with the SEC in accordance with the Securities Act and the rules
and regulations enacted under its authority. This prospectus, which
constitutes a part of the registration statement, does not contain
all of the information included in the registration statement and
its exhibits and schedules. Any statement made in this prospectus
concerning the contents of any contract, agreement or other
document is only a summary of the actual contract, agreement or
other document. If we have filed or incorporated by reference any
contract, agreement or other document as an exhibit to the
registration statement, you should read the exhibit for a more
complete understanding of the document or matter involved. Each
statement regarding a contract, agreement or other document is
qualified by reference to the actual document. For further
information regarding us and the shares of common stock offered by
this prospectus, we refer you to the full registration statement,
including its exhibits and schedules, filed under the Securities
Act.
The SEC maintains a website at www.sec.gov that contains reports,
proxy and information statements and other information regarding
issuers that file electronically with the SEC. Our registration
statement, of which this prospectus constitutes a part, can be
downloaded from the SEC’s website.
We also file annual, quarterly and current reports, proxy
statements and other information with the SEC. You can read our SEC
filings on the SEC’s website at www.sec.gov.
Our website address is www.dermtech.com. There we make available
free of charge, on or through the investor relations section of our
website, annual reports on Form 10-K, quarterly reports on Form
10-Q, current reports on Form 8-K and amendments to those reports
filed pursuant to Section 13(a) or 15(d) of the Exchange Act as
soon as reasonably practicable after we electronically file such
material with the SEC. The information contained on, or that can be
accessed through, our website is not a part of this prospectus, and
our reference to the address for our website is intended to be an
inactive textual reference only.
16
INCORPORATION
OF CERTAIN
INFORMATION
BY REFERENCE
The SEC allows us to “incorporate by reference” the information we
file with it, which means that we can disclose important
information to you by referring you to those documents. The
information incorporated by reference is considered to be part of
this prospectus and information we file later with the SEC will
automatically update and supersede this information. We incorporate
by reference into this prospectus the documents listed below and
any future filings made by us with the SEC under
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act
(1) after the date of this prospectus and prior to the time
that we sell all of the securities offered by this prospectus or
the earlier termination of the offering, and (2) after the
date of the initial registration statement of which this prospectus
forms a part and prior to the effectiveness of the registration
statement (except in each case the information contained in such
documents to the extent “furnished” and not “filed”). The documents
we are incorporating by reference as of their respective dates of
filing are:
|
•
|
our Annual Report on
Form 10‑K
for the year ended December 31, 2019 filed with the SEC on
March 11, 2020;
|
|
•
|
our Quarterly Reports on Form 10‑Q for the quarter ended
March 31, 2020 filed with the SEC on
May 13,
2020
and the quarter ended June 30, 2020 filed with the SEC
on
August 5,
2020;
|
|
•
|
our Current Reports on Form 8‑K filed with the SEC on
January 2,
2020,
January 21,
2020,
March 2,
2020,
March 24,
2020,
May 27,
2020,
June 26,
2020,
August 14,
2020
and
September 10,
2020
(except for the information furnished under Items 2.02 or 7.01
and the exhibits thereto); and
|
|
•
|
the description of our common stock contained in
Exhibit 4.7
of our Annual Report on Form 10‑K for the year ended
December 31, 2019 filed with the SEC on March 11, 2020,
and any amendment or report filed with the SEC for the purpose of
updating such description.
|
All documents filed by us pursuant to Section 13(a), 13(c), 14
or 15(d) of the Exchange Act subsequent to the filing of the
registration statement of which this prospectus forms a part and
prior to the filing of a post-effective amendment, which indicates
that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference into the registration statement and
to be a part hereof from the date of filing such documents, except
as to specific sections of such documents as set forth therein. Any
statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or
superseded for purposes of the registration statement of which this
prospectus forms a part to the extent that a statement contained in
any subsequently filed document, which also is deemed to be
incorporated by reference herein, modifies or supersedes such
statement.
You may request, orally or in writing, a copy of any or all of the
documents incorporated herein by reference. These documents will be
provided to you at no cost, by calling us at 858-450-4222 or by
contacting: DermTech, Inc., Attn: Kevin Sun, 11099 N. Torrey Pines
Road, Suite, 100, La Jolla, California 92037. In addition, copies
of any or all of the documents incorporated herein by reference may
be accessed at our website at www.dermtech.com. The information
contained on, or that can be accessed through, our website is not a
part of this prospectus, and our reference to the address for our
website is intended to be an inactive textual reference only.
17
DermTech (NASDAQ:DMTK)
Historical Stock Chart
From Dec 2020 to Jan 2021
DermTech (NASDAQ:DMTK)
Historical Stock Chart
From Jan 2020 to Jan 2021