As filed with the Securities and Exchange Commission
on July 2, 2021 .
Registration No. 333-255185
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-3
Amendment No. 1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
FORTRESS BIOTECH, INC.
(Exact Name of Registrant as Specified in Its
Charter)
|
Delaware
|
|
2834
|
|
47-3828760
(I.R.S. Employer
Identification Number)
|
|
(State or Other Jurisdiction of
Incorporation or Organization)
|
|
(Primary Standard Industrial
Classification Code Number)
|
|
2 Gansevoort Street, 9th Floor
New York, New York 10014
(781) 652-4500
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
Lindsay A. Rosenwald, M.D.
Executive Chairman,
Chief Executive Officer and President
2 Gansevoort Street, 9th Floor
New York, New York 10014
(781) 652-4500
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
Copies to:
Mark McElreath
Alston & Bird LLP
90 Park Avenue
New York, NY 10016
(212) 210-9400
Approximate date of commencement of
proposed sale to the public: From time to time after the effective date of this Registration Statement.
If the only securities being registered
on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨
If any of the securities being registered
on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the
following box. x
If this form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. ¨
If this Form is a registration statement
pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission
pursuant to Rule 462(e) under the Securities Act, check the following box. ¨
If this Form is a post-effective
amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional
classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company”
and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
Large accelerated filer ¨
|
Accelerated filer
¨​
|
|
|
|
|
Non-accelerated filer x
|
Smaller reporting company x
|
|
|
|
|
|
Emerging growth company ¨
|
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
|
|
Amount
to be
Registered(1)
|
|
|
Proposed
Maximum
Offering Price per
Unit(2)
|
|
|
Proposed
Maximum
Aggregate Offering
Price(2)
|
|
|
Amount of
Registration Fee
|
|
Common
Stock, par value $0.001 per share
|
|
|
600,000
|
|
|
$
|
4.24
|
|
|
$
|
2,544,000
|
|
|
$
|
277.55
|
(3)
|
|
(1)
|
The Registrant is hereby registering for resale from time to time by the selling stockholders named herein
of up to 600,000 shares of common stock, all of which were initially granted in connection with a Dividend Payment and Exchange Agreement,
dated as of March 31, 2021, executed by Fortress Biotech Inc. in favor of the holders of Journey Medical Corporation’s 8% Cumulative
Convertible Class A Preferred Stock. Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, or the Securities
Act, this registration statement also covers such additional number of shares of common stock that may be issued as a result of stock
splits, stock dividends, anti-dilution issuances, or similar transactions.
|
|
(2)
|
Estimated solely for purposes of determining the registration fee pursuant to Rule 457(c) under
the Securities Act. The proposed maximum offering price per share and proposed maximum aggregate offering price shown are based on the
average of the high and low sale prices of the Registrant’s common stock on April 7, 2021 as reported on The Nasdaq Capital
Market.
|
The Registrant hereby amends this registration
statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which
specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission,
acting pursuant to said Section 8(a), may determine.
The information in this prospectus
is not complete and may be changed. The selling stockholders named in this prospectus may not sell these securities until the registration
statement becomes effective. This prospectus is not an offer to sell these securities, and the selling stockholders named in this prospectus
are not soliciting offers to buy these securities in any jurisdiction where the offer for sale is not permitted.
Subject To Completion, Dated
July 2, 2021
PROSPECTUS
600,000 Shares of Common Stock
This prospectus relates to the resale by the selling
stockholders named herein, or their pledgees, donees, transferees or other successors in interest, from time to time, of up to 600,000
shares of our common stock, par value $0.001 per share (the “Common Stock”), issuable in connection with the Dividend Payment
and Exchange Agreement dated as of March 31, 2021 (the “Dividend Agreement”) executed by Fortress Biotech, Inc.
for the benefit of the holders of Journey Medical Corporation’s 8% Cumulative Convertible Class A Preferred Stock (the “Journey
Preferred Stock”). The shares of Common Stock issuable pursuant to the Dividend Agreement are referred to herein as the Securities.
We are registering the Securities on behalf of the selling stockholders, to be offered and sold from time to time, to satisfy certain
registration rights that we have granted to the selling stockholders.
The selling stockholders may resell or dispose
of the Securities, or interests therein, at fixed prices, at prevailing market prices at the time of sale or at prices negotiated with
purchasers, to or through underwriters, broker-dealers, agents, or through any other means described in the section of this prospectus
entitled “Plan of Distribution”. The selling stockholders will each bear their respective commissions and discounts, if any,
attributable to the sale or disposition of the Securities, or interests therein, held by such selling stockholder. We will bear all costs,
expenses and fees in connection with the registration of the Securities. We will not receive any of the proceeds from the sale of the
Securities by the selling stockholders.
The Common Stock is listed on The Nasdaq Capital
Market, or Nasdaq, under the symbol “FBIO.” On July 1, 2021, the last reported sale price of our Common Stock was $3.70 per
share. You are urged to obtain current market quotations for our common stock.
Investing in our Securities involves risks.
You should review carefully the risks and uncertainties described under the heading “Risk Factors” contained in this prospectus
and under similar headings in the other documents that are incorporated by reference into this prospectus as described on page 4
of this prospectus.
Neither the Securities and Exchange Commission
nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus.
Any representation to the contrary is a criminal offense.
The date of this Prospectus is , 2021
Table
of Contents
ABOUT THIS PROSPECTUS
This prospectus provides you with a general description
of the Securities that may be resold by the selling stockholders. In certain circumstances, we may provide a prospectus supplement that
will contain specific information about the terms of a particular offering by the selling stockholders. We also may provide a prospectus
supplement to add information to, or update or change information contained in, this prospectus. To the extent there is a conflict between
the information contained in this prospectus and the prospectus supplement, you should rely on the information in the prospectus supplement,
provided that if any statement in one of these documents is inconsistent with a statement in another document having a later date — for
example, a document incorporated by reference in this prospectus or any prospectus supplement — the statement in the
later-dated document modifies or supersedes the earlier statement.
You should read both this prospectus and any applicable
prospectus supplement together with the additional information about our company to which we refer you in the sections of this prospectus
entitled “Where You Can Find More Information” and “Incorporation of Certain Information by Reference.” You should
rely only on the information contained in or incorporated by reference into this prospectus and any prospectus supplement. Neither we
nor the selling stockholders have authorized any dealer, sales person or other person to provide you with different information. You should
not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date on the
front of those documents or that any document incorporated by reference is accurate as of any date other than its filing date. You should
not consider this prospectus to be an offer or solicitation relating to the Securities in any jurisdiction in which such an offer or solicitation
relating to the Securities is not authorized. Furthermore, you should not consider this prospectus to be an offer or solicitation relating
to the Securities if the person making the offer or solicitation is not qualified to do so, or if it is unlawful for you to receive such
an offer or solicitation.
Unless the context indicates otherwise, when we
refer to “Fortress,” “we,” “our,” “us” and the “Company” in this prospectus,
we mean Fortress Biotech, Inc., unless otherwise specified. When we refer to “you,” we mean the potential holders of
the applicable series of Securities.
FORWARD-LOOKING STATEMENTS
This prospectus, including
the documents that we incorporate by reference, may contain forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange
Act. Statements in this prospectus, and documents we incorporate by reference, that are not descriptions of historical facts are forward-looking
statements that are based on management’s current expectations and are subject to risks and uncertainties that could negatively
affect our business, operating results, financial condition and stock price. We have attempted to identify forward-looking statements
by terminology including “anticipates,” “believes,” “can,” “continue,” “could,”
“estimates,” “expects,” “intends,” “may,” “might,” “plans,” “potential,”
“predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Factors
that could cause actual results to differ materially from those currently anticipated include those set forth under “Risk Factors”
including, in particular, risks relating to:
|
·
|
financing and strategic agreements and relationships;
|
|
·
|
our need for substantial additional funds and uncertainties relating to financings;
|
|
·
|
our ability to identify, acquire, close and integrate product candidates successfully and on a timely
basis;
|
|
·
|
our ability to attract, integrate and retain key personnel;
|
|
·
|
the early stage of products under development;
|
|
·
|
the results of research and development activities;
|
|
·
|
uncertainties relating to preclinical and clinical testing;
|
|
·
|
the ability to secure and maintain third-party manufacturing, marketing and distribution of our and our
partner companies’ products and product candidates;
|
|
·
|
patent and intellectual property matters; and
|
You should read this prospectus
and the documents that we reference herein completely and with the understanding that our actual future results may be materially different
from what we currently expect. You should assume that the information appearing in this prospectus and any document incorporated by reference
is accurate as of its date only. Because the risk factors referred to above could cause actual results or outcomes to differ materially
from those expressed in any forward-looking statements made by us or on our behalf, you should not place undue reliance on any forward-looking
statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update
any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence
of unanticipated events, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. New factors emerge from time to time, and it is not possible for us to predict which factors will arise.
In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors,
may cause actual results to differ materially from those contained in any forward-looking statements. We qualify all of the information
presented in this prospectus, any accompanying prospectus supplement and any document incorporated herein by reference, and particularly
our forward-looking statements, by these cautionary statements.
SUMMARY
The following summary highlights
information contained elsewhere in this prospectus or incorporated by reference into this prospectus. This summary is not complete and
does not contain all of the information that you need to consider before making an investment decision. For a more complete understanding
of our company, you should read and consider carefully the more detailed information included or incorporated by reference in this prospectus
and any applicable prospectus supplement, including the factors described under the heading “Risk Factors” and other information
incorporated by reference from our most recent Annual Report on Form 10-K and our most recent Quarterly Reports on Form 10-Q,
before making an investment decision.
Overview
Fortress
Biotech, Inc. (“Fortress” or the “Company”) is a biopharmaceutical company dedicated to acquiring, developing
and commercializing pharmaceutical and biotechnology products and product candidates, which we do at the Fortress level, at our majority-owned
and majority-controlled subsidiaries and joint ventures, and at entities we founded and in which we maintain significant minority ownership
positions. Fortress has a talented and experienced business development team, comprising scientists, doctors and finance professionals,
who identify and evaluate promising products and product candidates for potential acquisition by new or existing partner companies. Through
our partner companies, we have executed arrangements with some of the world’s foremost universities, research institutes and pharmaceutical
companies, including Fred Hutchinson Cancer Research Center, St. Jude Children’s Research Hospital, Dana-Farber Cancer Institute,
Nationwide Children’s Hospital, Cincinnati Children’s Hospital Medical Center, Columbia University, the University of Pennsylvania,
AstraZeneca plc, and City of Hope National Medical Center.
Following
the exclusive license or other acquisition of the intellectual property underpinning a product or product candidate, Fortress leverages
its business, scientific, regulatory, legal and finance expertise to help the partners achieve their goals. Partner companies assess a
broad range of strategic arrangements to accelerate and provide additional funding to support research and development, including joint
ventures, partnerships, out-licensings, and public and private financings. To date, three partner companies are publicly traded, and three
have consummated strategic partnerships with industry leaders Alexion Pharmaceuticals, Inc., Sentynl Therapeutics, Inc., and
InvaGen Pharmaceuticals, Inc. (a subsidiary of Cipla Limited).
Several
of our partner companies possess licenses to product candidate intellectual property, including Aevitas Therapeutics, Inc. (“Aevitas”),
Avenue Therapeutics, Inc. (“Avenue”), Baergic Bio, Inc. (“Baergic”), Caelum Biosciences, Inc. (“Caelum”),
Cellvation, Inc. (“Cellvation”), Checkpoint Therapeutics, Inc. (“Checkpoint”), Cyprium Therapeutics, Inc.
(“Cyprium”), Helocyte, Inc. (“Helocyte”), Journey Medical Corporation (“Journey” or “JMC”),
Mustang Bio, Inc. (“Mustang”) and Oncogenuity, Inc. (“Oncogenuity”).
Our principal executive offices
are located at 2 Gansevoort Street, 9th Floor, New York, New York 10014, and our telephone number is 781-652-4500. We maintain a website
on the internet at www.fortressbiotech.com and our e-mail address is info@fortressbiotech.com. Our internet website, and the information
contained on it, are not to be considered part of this prospectus.
Dividend Payment and Exchange Agreement
On March 31, 2021, we
executed a Dividend Payment and Exchange Agreement (the “Dividend Agreement”) for the benefit of the holders of Journey’s
8% Cumulative Convertible Class A Preferred Stock (the “Journey Preferred Stock”), pursuant to which we agreed to pay
cumulative dividends on the Journey Preferred Stock in shares of our common stock, $0.001 par value per share (the “Securities”).
In addition, in connection
with the Dividend Agreement, we entered into a Registration Rights Agreement with the selling stockholders (the “Registration Rights
Agreement”) in which we agreed to prepare and file with the SEC a registration statement with respect to resales of the Securities
issued to the selling stockholders as dividends on the Journey Preferred Stock. Accordingly, as required by the Registration Rights Agreement,
the registration statement of which this prospectus is a part relates to the offer and resale of the Securities issued to the selling
stockholders under the terms of the Journey Preferred Stock and in connection with the Dividend Agreement.
THE OFFERING
Issuer
|
Fortress Biotech, Inc.
|
|
|
Securities Offered by Selling Stockholders
|
600,000 shares of the Company’s common stock, par value $0.001 per share issuable as dividends to the selling stockholders in accordance with the terms of the Journey Preferred Stock and the Dividend Agreement.
|
|
|
Terms of the offering
|
The selling stockholders will each determine when and how they will sell the Securities offered in this prospectus, as described in the “Plan of Distribution.”
|
|
|
Use of proceeds
|
We will not receive any proceeds from the sale of the Securities by the selling stockholders in this offering. See “Use of Proceeds.”
|
|
|
Risk factors
|
See “Risk Factors” incorporated by reference into this prospectus from our most current Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, for a discussion of certain factors you should carefully consider before deciding to invest in shares of our common stock.
|
|
|
Nasdaq Capital Market symbol
|
FBIO.
|
RISK FACTORS
Investing in our securities
involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described in the sections
entitled “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q,
as filed with the SEC, which are incorporated herein by reference in their entirety, as well any amendment or updates to our risk factors
reflected in subsequent filings with the SEC, including any applicable prospectus supplement. For a description of these reports and documents,
and information about where you can find them, see “Where You Can Find More Information” and “Incorporation of Certain
Information by Reference.” Each of the risk factors could adversely affect our business, results of operations, financial condition
and cash flows, as well as adversely affect the value of an investment in our securities, and the occurrence of any of these risks might
cause you to lose all or part of your investment. Additional risks not presently known to us or that we currently believe are immaterial
may also significantly impair our business operations.
USE OF PROCEEDS
We will not receive any proceeds
from the sale of the Securities covered by this prospectus and any accompanying prospectus supplement. All proceeds from the sale of the
Securities will be for the respective accounts of the selling stockholders named herein.
We will bear all other costs,
fees and expenses incurred in effecting the registration of the Securities covered by this prospectus and any accompanying prospectus
supplement, including, without limitation, all registration and filing fees, Nasdaq listing fees and fees and expenses of our counsel
and our accountants, in accordance with the terms of the Registration Rights Agreement entered into by and among the Company and the selling
stockholders in connection with the Dividend Agreement on March 31, 2021. Each selling stockholder will pay any discounts, commissions,
and fees of underwriters, selling brokers, dealer managers or similar securities industry professionals incurred by such selling stockholder
in disposing of the Securities covered by this prospectus.
THE SELLING STOCKHOLDERS
We have prepared this prospectus
to allow the selling stockholders or their pledgees, donees, transferees or other successors in interest, to sell or otherwise dispose
of, from time to time, Securities issuable as dividends pursuant to the terms of the Journey Preferred Stock and the Dividend Agreement.
On March 31, 2021,
we entered the Dividend Agreement for the benefit of the holders of Journey Preferred Stock, pursuant to which we agreed to pay cumulative
dividends on the Journey Preferred Stock in Securities. In connection with certain registration rights that we granted to the selling
stockholders pursuant to the Registration Rights Agreement, we filed with the SEC a registration statement on Form S-3, of which
this prospectus forms a part, with respect to the resale or other disposition of the Securities offered by this prospectus from time
to time on Nasdaq, in privately negotiated transactions or otherwise. We have agreed to prepare and file amendments and supplements to
the registration statement to the extent necessary to keep the registration statement effective for the period of time required under
our agreement with the selling stockholders.
The following table sets forth
the names of each of the selling stockholders as of the date hereof. Should there be additional sales of Journey Preferred Stock, we will
file a prospectus supplement to add such purchasers as additional selling stockholders. The aggregate number of Securities that the selling
stockholders may offer and sell pursuant to this prospectus is as yet undetermined as no dividends on the Journey Preferred Stock have
been paid as of the date hereof. We will file a prospectus supplement to add such aggregate number of Securities each selling stockholder
may offer and sell as such dividends are paid. The selling stockholders may sell some, all or none of the Securities. We do not know how
long the selling stockholders will hold the Securities before selling them, and we currently have no agreements, arrangements or understandings
with any selling stockholder regarding the sale or other disposition of any of the Securities. The Securities may be offered and sold
from time to time by the selling stockholders pursuant to this prospectus.
Investor
Information:
|
Selling Stockholders(1)
|
|
Shares of Common Stock
|
|
Alan J Young Profit Sharing Plan
|
|
|
299
|
|
Alejandro J Messmacher
|
|
|
448
|
|
Alpesh Shah & Hina Shah
|
|
|
598
|
|
Andreas Ammelounx Living Trust
|
|
|
598
|
|
Applebaum Family LTD Partnership
|
|
|
209
|
|
Barry Lynn Coffee & Leslie Louise Coffee
|
|
|
149
|
|
Bishop Family Properties Ltd
|
|
|
598
|
|
Brian M Rubel
|
|
|
179
|
|
Brian Sundberg
|
|
|
1,495
|
|
Claude Roussel
|
|
|
299
|
|
Daniel Phillips & Linda Horne
|
|
|
209
|
|
Decompression LLC
|
|
|
299
|
|
Douglas Brody
|
|
|
149
|
|
Dyke Rogers
|
|
|
1,196
|
|
DZB LLC
|
|
|
5,982
|
|
Edmond P Brady & Kathleen M Brady
|
|
|
299
|
|
Eliezer Lubitch
|
|
|
598
|
|
Eric G Helt
|
|
|
149
|
|
Ernest J Mattei & Michele M Mattei
|
|
|
299
|
|
Fermo Jaeckle
|
|
|
299
|
|
Fred Harris
|
|
|
149
|
|
George Gomez Quintero
|
|
|
239
|
|
George J Strickler
|
|
|
299
|
|
Giuseppe Biasco
|
|
|
299
|
|
Glenn E Phillips
|
|
|
149
|
|
Gregory G Konsor
|
|
|
688
|
|
Gregory J Dovolis
|
|
|
299
|
|
Guillermo Bodnar
|
|
|
119
|
|
Holroyd Family Revocable Trust
|
|
|
299
|
|
James Diemert
|
|
|
299
|
|
James Robert Fowler
|
|
|
299
|
|
Jeffrey K Warmann
|
|
|
598
|
|
Jeffrey Tunis
|
|
|
598
|
|
Joann Marie Fiore Borlack Alan Borlack JTWROS
|
|
|
448
|
|
Joann Zlotkin
|
|
|
598
|
|
Jodi A Richard
|
|
|
299
|
|
John D Merriam
|
|
|
149
|
|
John E. Bishop
|
|
|
299
|
|
John F Herbert & Jane E Herbert Revocable Trust
|
|
|
598
|
|
John M Gasidlo & Elizabeth Shimei
|
|
|
448
|
|
John O Dunkin
|
|
|
897
|
|
John Paul Todd
|
|
|
598
|
|
John T Kennedy
|
|
|
299
|
|
John Tobias
|
|
|
299
|
|
KBA Holdings LLC
|
|
|
897
|
|
Keith Family Trust
|
|
|
747
|
|
Keith R Schroeder
|
|
|
448
|
|
Kevin Paige
|
|
|
299
|
|
Kevin Paul McCarthy Revocable Trust
|
|
|
299
|
|
Kevin Seaman
|
|
|
149
|
|
Kevin Stein
|
|
|
598
|
|
Kiat Tze Goh
|
|
|
1,196
|
|
Lucy Lu
|
|
|
299
|
|
Marc L Goldstein
|
|
|
149
|
|
Mark Harrison
|
|
|
149
|
|
Marlin Capital Resources LLC
|
|
|
1,794
|
|
Matthew Budine
|
|
|
299
|
|
Michael J Cowell
|
|
|
1,196
|
|
Michael K Robson & Ida Robson
|
|
|
209
|
|
Morris A Arnston Family Trust
|
|
|
598
|
|
MSB Family Trust
|
|
|
1,495
|
|
Nathaniel Marmur
|
|
|
598
|
|
Neel B Ackerman & Martha N Ackerman
|
|
|
2,991
|
|
Ouachita Capital LLC
|
|
|
1,196
|
|
Paule E Hoyle
|
|
|
299
|
|
Perry Sutaria
|
|
|
299
|
|
Praful Desai
|
|
|
299
|
|
Raj M Sutaria
|
|
|
299
|
|
Ramachandra C Reddy
|
|
|
299
|
|
Randy L Burns
|
|
|
598
|
|
Raymond Joseph Tesi
|
|
|
2,991
|
|
Richard K Hursey
|
|
|
299
|
|
Richard S. Simms
|
|
|
299
|
|
Robert C Ackerman
|
|
|
598
|
|
Robert D Priday
|
|
|
598
|
|
Robert J Calabro
|
|
|
598
|
|
Robert Singer
|
|
|
149
|
|
Roberto Mendez & Eliana Cardenas JTWROS
|
|
|
251
|
|
Ronald Finestone
|
|
|
149
|
|
Rong Zheng
|
|
|
149
|
|
Ruchir Gupta
|
|
|
149
|
|
S 2 Yachts, Inc.
|
|
|
5,982
|
|
S Alan Lisenby Sr. & Patricia Lisenby
|
|
|
299
|
|
Scott A Brody
|
|
|
149
|
|
Sharon M Crowder DDS
|
|
|
598
|
|
Shiloh Produce
|
|
|
2,991
|
|
Steve R Cruse
|
|
|
897
|
|
Steven A Waters & Jenger H Waters
|
|
|
598
|
|
Steven Zaloga
|
|
|
598
|
|
Stormy Adams & Zachary L Adams
|
|
|
897
|
|
Tanju Obut & Tina S Obut
|
|
|
598
|
|
The David G Franz Family Trust
|
|
|
897
|
|
THE KEVIN R MACK REVOCABLE TRUST
|
|
|
299
|
|
The Temkin Family Legacy Trust No.2
|
|
|
209
|
|
Thomas Gemellaro
|
|
|
149
|
|
Tim Montgomery
|
|
|
897
|
|
Venuti Family Trust
|
|
|
598
|
|
Vernon L Simpson Revocable Living Trust 2
|
|
|
598
|
|
VGNT Holdings LLC
|
|
|
299
|
|
Wade D Hutchings & Galadriel Hutchings
|
|
|
299
|
|
William Silver
|
|
|
1,495
|
|
Wing Real Estate LLC
|
|
|
598
|
|
Winterset Associates, GP
|
|
|
598
|
|
Wuethrich Investments, LLC
|
|
|
299
|
|
James J Peters
|
|
|
598
|
|
David Porter & Linda Porter
|
|
|
598
|
|
John Roth
|
|
|
598
|
|
J & C Resources LLC
|
|
|
1,196
|
|
Rivki
Davidowitz Rosenwald
|
|
|
3,589
|
|
Ian Milne
|
|
|
407
|
|
Christopher Ulcak
|
|
|
101
|
|
Peter Anderson
|
|
|
305
|
|
Dov Klein
|
|
|
305
|
|
Gerald A Tomsic 1995 Trust
|
|
|
407
|
|
The Marianne Higgins Revoc Trust
|
|
|
203
|
|
Tom McBride
|
|
|
101
|
|
Mark Greenwald
|
|
|
101
|
|
Robert Forst
|
|
|
407
|
|
Suresh A. Patel
|
|
|
305
|
|
KT
Investments II LLC
|
|
|
203
|
|
Evergreen Capital Management LLC
|
|
|
197
|
|
Mr. and Mrs. Samuel Oschin Foundation
|
|
|
394
|
|
John Wirtz III
|
|
|
27
|
|
The Bruce Jeffrey Schwartz & Kathryn Diane Goller LIV
Trust
|
|
|
19
|
|
Guy & Sue Harper
|
|
|
27
|
|
Ali Khan
|
|
|
78
|
|
Devesh Pathak
|
|
|
39
|
|
DESIIPO21
|
|
|
47
|
|
John
& Andrea Foote
|
|
|
31
|
|
|
|
|
|
|
Total
|
|
|
78,671
|
|
|
(1)
|
The principal business address and address for notice to the selling stockholders will be the address
set forth in our books and records.
|
Relationship with the Selling Stockholders
Dividend Payment and Exchange Agreement
As discussed above under the
section “Summary — Dividend Payment and Exchange Agreement,” on March 31, 2021, we executed the Dividend
Agreement for the benefit of the holders of the Journey Preferred Stock, pursuant to which we agreed to pay cumulative dividends on the
Journey Preferred Stock in Securities.
Registration Rights Agreement
Pursuant to the
Registration Rights Agreement with the selling stockholders, we agreed to prepare and file with the SEC the registration statement,
of which this prospectus forms a part, that permits the resale of the Securities and, subject to certain exceptions, to use
reasonable best efforts to keep such registration statement effective under the Securities Act until (i) all Securities
registered by the registration statement have been sold, transferred or otherwise disposed of by the selling stockholders,
(ii) the Securities are sold, transferred or otherwise disposed of pursuant to Rule 144 of the Securities Act, or
(iii) the Securities have become eligible for sale by the selling stockholders pursuant to Rule 144 without any
restriction on the volume or manner of such sale and all restrictive legends and stop transfer instructions have been removed with
respect to all book entries representing the Securities.
We have also agreed, among
other things, to indemnify the selling stockholders and their officers, directors, members, employees and agents, successors and assigns,
and any person who controls either of the selling stockholders (within the meaning of the Securities Act or the Exchange Act) from all
losses and liabilities arising out of or relating to any untrue statement or alleged untrue statement or omission or alleged omission
of material fact relating to the Securities in this prospectus or the registration statement of which this prospectus forms a part.
Except as described above,
neither the selling stockholders nor any persons having control over such selling stockholders have held any position or office with us
or our affiliates within the last three years or has had a material relationship with us or any of our predecessors or affiliates
within the past three years, other than as a result of the ownership of shares of our common stock or other securities.
DESCRIPTION OF CAPITAL STOCK
The following description
summarizes the material terms of Fortress capital stock as of the date of this registration statement. Because it is only a summary, it
does not contain all the information that may be important to you. For a complete description of our capital stock, you should refer to
our certificate of incorporation, our bylaws and to the provisions of applicable Delaware law.
Common Stock
Our common stock is traded
on The Nasdaq Capital Market under the symbol “FBIO.” The last reported sale price of our common stock on July 1, 2021 was
$3.70 per share.
The Company’s Certificate
of Incorporation, as amended, authorizes the Company to issue 150,000,000 shares of $0.001 par value common stock of which 94,877,492
shares were outstanding at December 31, 2021.
The terms, rights, preference
and privileges of our common stock are as follows:
Voting Rights
Each holder of our common
stock is entitled to one vote per share of common stock held on all matters submitted to a vote of the stockholders, including the election
of directors. The Company’s certificate of incorporation and bylaws do not provide for cumulative voting rights.
Dividends
Subject to preferences that
may be applicable to any then-outstanding preferred stock, the holders of the Company’s outstanding shares of common stock are entitled
to receive dividends, if any, as may be declared from time to time by the Company’s Board of Directors out of legally available
funds.
Liquidation
In the event of the Company’s
liquidation, dissolution or winding up, holders of common stock will be entitled to share ratably in the net assets legally available
for distribution to stockholders after the payment of all of the Company’s debts and other liabilities, subject to the satisfaction
of any liquidation preference granted to the holders of any outstanding shares of preferred stock.
Rights and Preference
Holders of the Company’s
common stock have no preemptive, conversion or subscription rights, and there is no redemption or sinking fund provisions applicable to
our common stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected
by, the rights of the holders of shares of any series of the Company’s preferred stock that are or may be issued.
Fully Paid and Nonassessable
All of the Company’s
outstanding shares of common stock are fully paid and nonassessable.
PLAN OF DISTRIBUTION
The selling stockholders,
which as used herein includes donees, pledgees, transferees or other successors-in-interest selling shares of common stock or interests
in shares of common stock received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution
or other transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of common stock or interests
in shares of common stock on any stock exchange, market or trading facility on which the shares are traded or in private transactions.
These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market
price, at varying prices determined at the time of sale, or at negotiated prices.
The selling stockholders may
use any one or more of the following methods when disposing of shares or interests therein:
|
-
|
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;
|
|
-
|
short sales effected after the date the registration statement of which this Prospectus is a part is declared
effective by the SEC;
|
|
-
|
through the writing or settlement of options or other hedging transactions, whether through an options
exchange or otherwise;
|
|
-
|
broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a
stipulated price per share;
|
|
-
|
a combination of any such methods of sale; and
|
|
-
|
any other method permitted by applicable law.
|
The selling stockholders may,
from time to time, pledge or grant a security interest in some or all of the shares of common stock 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, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision
of the Securities Act amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as
selling stockholders under this prospectus. The selling stockholders also may transfer the shares of common stock in other circumstances,
in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.
In connection with the sale
of our common stock or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling
stockholders may also sell shares of our common stock short and deliver these securities to close out their short positions, or loan or
pledge the common stock to broker-dealers that in turn may sell these securities. The selling stockholders 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).
The aggregate proceeds to
the selling stockholders from the sale of the common stock offered by them will be the purchase price of the common stock less discounts
or commissions, if any. Each of the selling stockholders reserves the right to accept and, together with their agents from time to time,
to reject, in whole or in part, any proposed purchase of common stock to be made directly or through agents. We will not receive any of
the proceeds from this offering.
The selling stockholders 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,
provided that they meet the criteria and conform to the requirements of that rule.
The selling stockholders and
any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests therein may be "underwriters"
within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale
of the shares may be underwriting discounts and commissions under the Securities Act. Selling stockholders who are "underwriters"
within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities
Act.
To the extent required, the
shares of our common stock to be sold, the names of the selling stockholders, the respective purchase prices and public offering prices,
the names of any agents, dealer or underwriter, any applicable commissions or discounts with respect to a particular offer will be set
forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes
this prospectus.
In order to comply with the
securities laws of some states, if applicable, the common stock may be sold in these jurisdictions only through registered or licensed
brokers or dealers. In addition, in some states the common stock may not be sold unless it has been registered or qualified for sale or
an exemption from registration or qualification requirements is available and is complied with.
We have advised the selling
stockholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and
to the activities of the selling stockholders and their affiliates. In addition, to the extent applicable we will make copies of this
prospectus (as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying
the prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates
in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.
We have agreed to indemnify
the selling stockholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the
registration of the shares offered by this prospectus.
We have agreed with the selling
stockholders to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) such
time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement
or (2) the date on which all of the shares may be sold without restriction pursuant to Rule 144 of the Securities Act.
LEGAL MATTERS
Certain legal matters will
be passed upon for us by Alston & Bird LLP, New York, New York. Additional legal matters may be passed upon for us or any underwriters,
dealers or agents, by counsel that we will name in the applicable prospectus supplement.
EXPERTS
The consolidated
financial statements as of December 31, 2020 and 2019, and for each of the two years in the period ended December 31,
2020, incorporated by reference in this Prospectus, have been so incorporated in reliance on the report of BDO USA, LLP, an
independent registered public accounting firm, incorporated herein by reference, given on the authority of said firm as experts in
auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We have filed with the SEC
a registration statement on Form S-3 under the Securities Act with respect to the Securities offered hereby. This prospectus does
not contain all of the information set forth in the registration statement and the exhibits and schedules thereto. For further information
with respect to the Company and its Securities, reference is made to the registration statement and the exhibits and any schedules filed
therewith. Statements contained in this prospectus as to the contents of any contract or other document referred to are not necessarily
complete and in each instance, if such contract or document is filed as an exhibit, reference is made to the copy of such contract or
other document filed as an exhibit to the registration statement, each statement being qualified in all respects by such reference. A
copy of the registration statement, including the exhibits and schedules thereto, may be read and copied at the SEC’s Public Reference
Room at 100 F Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Room may be obtained by calling
the SEC at 1-800-SEC-0330. In addition, the SEC maintains an internet site at www.sec.gov, from which interested persons can electronically
access the registration statement, including the exhibits and any schedules thereto.
We are subject to the information
reporting requirements of the Exchange Act, and we file periodic reports and other information with the SEC. All documents filed with
the SEC are available for inspection and copying at the addresses set forth above. We also maintain an internet site at www.fortressbiotech.com.
Our website and the information contained therein or connected thereto shall not be deemed to be incorporated into this prospectus or
the registration statement of which it forms a part.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows us to “incorporate
by reference” the information we file with them which means that we can disclose important information to you by referring you to
those documents instead of having to repeat the information in this prospectus. The information incorporated by reference is considered
to be part of this prospectus, and later information that we file with the SEC will automatically update and supersede this information.
This prospectus incorporates by reference the documents listed below (other than, unless otherwise specifically indicated, current reports
furnished under Item 2.02, Item 7.01 or Item 9.01 of Form 8-K and exhibits filed on such form that are related to such items):
|
(b)
|
Our Quarterly Report
on Form 10-Q for the quarter ended March 31, 2021, filed with the SEC on May
17, 2021.
|
|
(c)
|
Our Current Reports on Form 8-K
filed with the SEC on February
24, 2021, March 31, 2021, April 1,
2021, April 13, 2021, May 17, 2021, June 17, 2021, and June 23, 2021;
|
|
(d)
|
Our Definitive Proxy Statement on Schedule
14A, filed with the SEC on April
30, 2021; and
|
|
(e)
|
The description of the Common Stock
as included under the caption “Description of Registrant’s Securities to be Registered”
in our Registration Statements on Form 8-A12B filed with the Commission on December 7,
2011 and November 7,
2017, and any amendment or report filed for the purpose of further updating such descriptions.
|
All reports and other documents
we subsequently file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the termination of this offering,
including all such documents we may file with the SEC after the date of the initial registration statement and prior to the effectiveness
of the registration statement, but excluding any information furnished to, rather than filed with, the SEC, will also be incorporated
by reference.
Fortress Biotech, Inc.
600,000 Shares of Common Stock
PROSPECTUS
  , 2021    
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution
|
|
Amount to Be
Paid
|
|
U.S. Securities and Exchange Commission registration fee
|
|
$
|
277.55
|
|
Legal fees and expenses
|
|
$
|
10,000
|
|
Accounting fees and expenses
|
|
$
|
5,000
|
|
Miscellaneous
|
|
$
|
2,500
|
|
Total
|
|
$
|
17,777.55
|
|
Item 15. Indemnification of Directors and Officers
Under the General Corporation
Law of the State of Delaware (“DGCL”), a corporation may include provisions in its certificate of incorporation that will
relieve its directors of monetary liability for breaches of their fiduciary duty to the corporation, except under certain circumstances,
including a breach of the director’s duty of loyalty, acts or omissions of the director not in good faith or which involve intentional
misconduct or a knowing violation of law, the approval of an improper payment of a dividend or an improper purchase by the corporation
of stock or any transaction from which the director derived an improper personal benefit. The Company’s Amended and Restated Certificate
of Incorporation eliminates the personal liability of directors to the Company or its stockholders for monetary damages for breach of
fiduciary duty as a director with certain limited exceptions set forth in the DGCL.
Section 145 of the DGCL
grants to corporations the power to indemnify each officer and director against liabilities and expenses incurred by reason of the fact
that he or she is or was an officer or director of the corporation if he or she acted in good faith and in a manner he or she reasonably
believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had
no reasonable cause to believe his or her conduct was unlawful. The Company’s Amended and Restated Certificate of Incorporation
and Bylaws provide for indemnification of each officer and director of the Company to the fullest extent permitted by the DGCL. Section 145
of the DGCL also empowers corporations to purchase and maintain insurance on behalf of any person who is or was an officer or director
of the corporation against liability asserted against or incurred by him in any such capacity, whether or not the corporation would have
the power to indemnify such officer or director against such liability under the provisions of Section 145 of the DGCL.
Item 16. Exhibits and Financial Statement Schedules
The exhibits to the Registration
Statement are listed in the Exhibit Index attached hereto and incorporated by reference herein.
EXHIBIT INDEX
Exhibit
Number
|
|
Description
|
3.1
|
|
Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.1 to Form 10-12G on July 15, 2011 (File no. 000-54463) and incorporated herein by reference.
|
3.2
|
|
First Certificate of Amendment of Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.2 to Form 10-12G on July 15, 2011 (File no. 000-54463) and incorporated herein by reference.
|
3.3
|
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.1 on the Form 8-K, filed with the Securities and Exchange Commission on June 19, 2020 and incorporated herein by reference.
|
3.4
|
|
Certificate of Amendment to the Certificate of Designations of Rights and Preferences of the Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock under the Amended and Restated Certificate of Incorporation of Fortress Biotech, Inc., filed as Exhibit 3.2 on the Form 8-K filed with the Securities and Exchange Commission on June 19, 2020 and incorporated herein by reference.
|
Item 17. Undertakings
|
(a)
|
The undersigned registrant hereby undertakes:
|
|
1.
|
To file, during any period in which offers or sales are being made, a post-effective amendment to this
registration statement:
|
|
(i)
|
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
|
|
(ii)
|
To reflect in the prospectus any facts or events arising after the effective date of the registration
statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set
forth in the “Calculation of Registration Fee” table in the effective registration statement;
|
|
(iii)
|
To include any material information with respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such information in the registration statement;
|
|
2.
|
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
|
|
3.
|
To remove from registration by means of a post-effective amendment any of the securities being registered
which remain unsold at the termination of the offering.
|
|
5.
|
That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
|
(A) Each prospectus filed by the
registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus
was deemed part of and included in the registration statement; and
(B) Each prospectus required to be
filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating
to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10(a) of
the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such
form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described
in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter,
such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement
to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration
statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is
part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or
modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in
any such document immediately prior to such effective date.
|
6.
|
That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any
purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities
of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities
to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned
registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
|
|
(i)
|
Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required
to be filed pursuant to Rule 424;
|
|
(ii)
|
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant
or used or referred to by the undersigned registrant;
|
|
(iii)
|
The portion of any other free writing prospectus relating to the offering containing material information
about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
|
|
(iv)
|
Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
|
|
(b)
|
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefits plan’s annual report pursuant to Section 15(d) of
the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
|
|
(c)
|
The undersigned registrant hereby undertakes to supplement the prospectus, after the expiration of the
subscription period, to set forth the results of the subscription offer, the transactions by the underwriters during the subscription
period, the amount of unsubscribed securities to be purchased by the underwriters, and the terms of any subsequent reoffering thereof.
If any public offering by the underwriters is to be made on terms differing from those set forth on the cover page of the prospectus,
a post-effective amendment will be filed to set forth the terms of such offering.
|
|
(e)
|
The undersigned registrant hereby undertakes (1) to use its best efforts to distribute prior to the
opening of bids, to prospective bidders, underwriters, and dealers, a reasonable number of copies of a prospectus which at that time meets
the requirements of section 10(a) of the Act, and relating to the securities offered at competitive bidding, as contained in the
registration statement, together with any supplements thereto, and (2) to file an amendment to the registration statement reflecting
the results of bidding, the terms of the reoffering and related matters to the extent required by the applicable form, not later than
the first use, authorized by the issuer after the opening of bids, of a prospectus relating to the securities offered at competitive bidding,
unless no further public offering of such securities by the issuer and no reoffering of such securities by the purchasers is proposed
to be made.
|
|
(h)
|
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been
advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the
Securities Act of 1933, as amended, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as
expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such issue.
|
|
(i)
|
The undersigned registrant hereby undertakes that:
|
|
(1)
|
For purposes of determining any liability under the Securities Act of 1933, the information omitted from
the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus
filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be
part of this registration statement as of the time it was declared effective.
|
|
(2)
|
For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment
that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
|
SIGNATURES
Pursuant to the requirements
of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
FORTRESS BIOTECH, INC.
|
|
|
July 2, 2021
|
By:
|
/s/ Lindsay A. Rosenwald, M.D.
|
|
|
Lindsay A. Rosenwald, M.D.
Chairman, President and Chief Executive
Officer
(Principal Executive Officer)
|
KNOW ALL MEN BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints Lindsay A. Rosenwald, M.D., his true and lawful attorney-in-fact
and agent, with full power of substitution and resubstitution, for him and his name, place and stead, in any and all capacities, to sign
any or all amendments (including pre-effective and post-effective amendments) to this registration statement, and to file the same, with
all exhibits thereto and other documents in connection therewith, including any Registration Statement filed pursuant to Rule 462(b) under
the Securities Act of 1933, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each
and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might
or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of his substitutes, may lawfully
do or cause to be done by virtue hereof.
Pursuant to the requirements
of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated
as of July 2, 2021.
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
/s/
Lindsay A. Rosenwald, M.D.
|
|
Chairman of the Board
of Directors,
|
|
July 2, 2021
|
Lindsay
A. Rosenwald, M.D.
|
|
President and Chief Executive
Officer
(Principal Executive Officer)
|
|
|
|
|
|
|
|
/s/
Robyn M. Hunter
|
|
Chief Financial Officer
|
|
July 2, 2021
|
Robyn
M. Hunter
|
|
(Principal Financial
Officer)
|
|
|
|
|
|
|
|
*
|
|
Vice Chairman of the
Board of Directors
|
|
July 2,
2021
|
Eric
K. Rowinsky, M.D.
|
|
|
|
|
|
|
|
|
|
*
|
|
Executive Vice Chairman,
Strategic
|
|
July 2,
2021
|
Michael
S. Weiss
|
|
Development and Director
|
|
|
|
|
|
|
|
*
|
|
Director
|
|
July 2,
2021
|
Jimmie
Harvey, Jr., M.D.
|
|
|
|
|
|
|
|
|
|
*
|
|
Director
|
|
July 2,
2021
|
Malcolm
Hoenlein
|
|
|
|
|
|
|
|
|
|
*
|
|
Director
|
|
July 2,
2021
|
Dov
Klein
|
|
|
|
|
|
|
|
|
|
*
|
|
Director
|
|
July 2, 2021
|
J.
Jay Lobell
|
|
|
|
|
|
|
|
|
|
*
|
|
Director
|
|
July 2, 2021
|
Kevin L. Lorenz, J.D.
|
|
|
|
|
*
|
/s/ Lindsay A. Rosenwald, M.D.
|
|
|
Attorney-in-fact
|
|
Fortress Biotech (NASDAQ:FBIOP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Fortress Biotech (NASDAQ:FBIOP)
Historical Stock Chart
From Aug 2023 to Aug 2024