As filed with the Securities and Exchange Commission on March 1, 2022
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
CEREVEL THERAPEUTICS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 85-3911080 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
222 Jacobs Street, Suite 200 Cambridge, MA |
02141 | |
(Address of Principal Executive Offices) | (Zip Code) |
Cerevel Therapeutics Holdings, Inc. 2020 Equity Incentive Plan
Cerevel Therapeutics Holdings, Inc. Amended and Restated 2020 Employee Stock Purchase Plan
(Full title of the plans)
N. Anthony Coles, M.D.
Chief Executive Officer
Cerevel Therapeutics Holdings, Inc.
222 Jacobs Street, Suite 200
Cambridge, MA 02141
(Name and address of agent for service)
(844) 304-2048
(Telephone number, including area code, of agent for service)
Copies to:
Stuart M. Cable Arthur R. McGivern Goodwin Procter LLP 100 Northern Avenue Boston, MA 02210 (617) 570-1000 |
Scott M. Akamine John Mei Cerevel Therapeutics Holdings, Inc. 222 Jacobs Street, Suite 200 Cambridge, MA 02141 (844) 304-2048 |
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 the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||
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 the Securities Act. ☐
REGISTRATION OF ADDITIONAL SECURITIES
PURSUANT TO GENERAL INSTRUCTION E
The number of shares of common stock, par value $0.0001 per share, or the common stock, of Cerevel Therapeutics Holdings, Inc., or the Registrant, available for grant and issuance under the Cerevel Therapeutics Holdings, Inc. 2020 Equity Incentive Plan, or the 2020 Plan, is subject to an annual increase on January 1 of each year equal to (i) four percent (4%) of the number of shares of the Registrants common stock issued and outstanding on the immediately preceding December 31 or (ii) such lesser amount as determined by the Registrants board of directors.
The number of shares of the Registrants common stock available for grant and issuance under the Cerevel Therapeutics Holdings, Inc. Amended and Restated 2020 Employee Stock Purchase Plan, or the 2020 ESPP, is subject to an annual increase on January 1 of each year equal to (i) one percent (1%) of the number of shares of the Registrants common stock issued and outstanding on the immediately preceding December 31 or (ii) such lesser amount as determined by the Registrants board of directors.
On January 1, 2022, the number of shares of common stock available for grant and issuance under the 2020 Plan and the 2020 ESPP increased by 5,908,780 shares and 1,477,195 shares, respectively. Such additional shares have become reserved for issuance pursuant to the evergreen provisions of the 2020 Plan and the 2020 ESPP described above.
This registration statement on Form S-8, or this Registration Statement, registers the 5,908,780 additional shares and the 1,477,195 additional shares that have been reserved for issuance pursuant to the evergreen provisions of the 2020 Plan and the 2020 ESPP, respectively.
In accordance with General Instruction E to Form S-8, the contents of the registration statement on Form S-8 (File No. 333-251881) filed by the Registrant with the Securities and Exchange Commission, or the Commission, on January 4, 2021, are hereby incorporated by reference, except for Item 8. Exhibits.
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
See the Exhibit Index for a list of exhibits filed as part of this registration statement, which Exhibit Index is incorporated herein by reference
EXHIBIT INDEX
* | Filed herewith |
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cambridge, State of Massachusetts, on March 1, 2022.
CEREVEL THERAPEUTICS HOLDINGS, INC. | ||
By: | /s/ N. Anthony Coles | |
Name: | N. Anthony Coles | |
Title: | Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL BY THESE PRESENT, that each individual whose signature appears below hereby constitutes and appoints each of N. Anthony Coles, Scott Akamine and Mark Bodenrader as such persons true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for such person in such persons name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Commission granting unto each 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 such person might or could do in person, hereby ratifying and confirming all that any said attorney-in-fact and agent, or any substitute or substitutes of any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated below.
Signature |
Title |
Date | ||
/s/ N. Anthony Coles N. Anthony Coles |
Chairperson of the Board, Director and Chief Executive Officer (Principal Executive Officer) |
March 1, 2022 | ||
/s/ Mark Bodenrader Mark Bodenrader |
Chief Accounting Officer and Interim Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
March 1, 2022 | ||
/s/ Deborah Baron Deborah Baron |
Director | March 1, 2022 | ||
/s/ Morris Birnbaum Morris Birnbaum |
Director | March 1, 2022 | ||
/s/ Marijn Dekkers Marijn Dekkers |
Director | March 1, 2022 | ||
/s/ Doug Giordano Doug Giordano |
Director | March 1, 2022 | ||
/s/ Christopher Gordon Christopher Gordon |
Director | March 1, 2022 |
Signature |
Title |
Date | ||
/s/ Adam Koppel Adam Koppel |
Director | March 1, 2022 | ||
/s/ Ruth McKernan Ruth McKernan |
Director | March 1, 2022 | ||
/s/ Deval Patrick Deval Patrick |
Director | March 1, 2022 | ||
/s/ Norbert Riedel Norbert Riedel |
Director | March 1, 2022 | ||
/s/ Gabrielle Sulzberger Gabrielle Sulzberger |
Director | March 1, 2022 |
Exhibit 5.1
March 1, 2022
Cerevel Therapeutics Holdings, Inc.
222 Jacobs Street, Suite 200
Cambridge, MA 02141
Re: | Securities Being Registered under Registration Statement on Form S-8 |
We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-8 (the Registration Statement) pursuant to the Securities Act of 1933, as amended (the Securities Act), on or about the date hereof relating to an aggregate of 7,385,975 shares (the Shares) of common stock, $0.0001 par value per share (Common Stock), of Cerevel Therapeutics Holdings, Inc., a Delaware corporation (the Company), that may be issued pursuant to the Cerevel Therapeutics Holdings, Inc. 2020 Equity Incentive Plan and the Cerevel Therapeutics Holdings, Inc. Amended and Restated 2020 Employee Stock Purchase Plan (collectively, the Plans).
We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinion set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.
The opinion set forth below is limited to the General Corporation Law of the State of Delaware.
For purposes of the opinion set forth below, we have assumed that no event occurs that causes the number of authorized shares of Common Stock available for issuance by the Company to be less than the number of then unissued Shares.
Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, upon issuance and delivery against payment therefor in accordance with the terms of the Plans, will be validly issued, fully paid and nonassessable.
We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.
Very truly yours, |
/s/ Goodwin Procter LLP |
GOODWIN PROCTER LLP |
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2020 Equity Incentive Plan and Amended and Restated 2020 Employee Stock Purchase Plan of Cerevel Therapeutics Holdings, Inc. of our reports dated March 1, 2022, with respect to the consolidated financial statements of Cerevel Therapeutics Holdings, Inc. and the effectiveness of internal control over financial reporting of Cerevel Therapeutics Holdings, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2021, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Boston, Massachusetts
March 1, 2022
Exhibit 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
Cerevel Therapeutics Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
Newly Registered Securities
Security Type | Security Class Title |
Fee Calculation Rule |
Amount Registered(1) |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate | Amount of Registration Fee | |||||||
Equity | Common Stock, par value $0.0001 per share | Rules 457(c) and (h) | 5,908,780(2) | $23.78(4) | $140,510,788.40 | 0.0000927 | $13,025.35 | |||||||
Equity | Common Stock, par value $0.0001 per share | Rules 457(c) and (h) | 1,477,195(3) | $20.22(5) | $29,868,882.90 | 0.0000927 | $2,768.85 | |||||||
Total Offering Amounts | $170,379,671.30 | $15,794.20 | ||||||||||||
Total Fee Offsets | N/A | |||||||||||||
Net Fee Due | $15,794.20 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, or the Securities Act, this registration statement shall also cover any additional shares of common stock, par value $0.0001 per share, or the Common Stock, of Cerevel Therapeutics Holdings, Inc., or the Registrant, that become issuable under the Cerevel Therapeutics Holdings, Inc. 2020 Equity Incentive Plan, or the 2020 Plan, or the Cerevel Therapeutics Holdings, Inc. Amended and Restated 2020 Employee Stock Purchase Plan, or the 2020 ESPP, by reason of any stock split, stock dividend, recapitalization or any other similar transaction effected without the receipt of consideration that results in an increase in the number of outstanding shares of Common Stock. |
(2) | Represents 5,908,780 additional shares of the Registrants Common Stock reserved for future issuance under the 2020 Plan on January 1, 2022, pursuant to the terms of the 2020 Plan. Shares available for issuance under the 2020 Plan were previously registered on a registration statement on Form S-8 filed with the Securities and Exchange Commission on January 4, 2021 (Registration No. 333-251881). |
(3) | Represents 1,477,195 additional shares of the Registrants Common Stock reserved for future issuance under the 2020 ESPP on January 1, 2022, pursuant to the terms of the 2020 ESPP. Shares available for issuance under the 2020 ESPP were previously registered on a registration statement on Form S-8 filed with the Securities and Exchange Commission on January 4, 2021 (Registration No. 333-251881). |
(4) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, based upon the average of the high and low prices of the Registrants Common Stock as reported on the Nasdaq Capital Market on February 23, 2022, which was $23.78. |
(5) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, based on 85% of $23.78, the average of the high and low prices of the Registrants Common Stock as reported on the Nasdaq Capital Market on February 23, 2022. Pursuant to the 2020 ESPP, the purchase price of the shares of Common Stock reserved for issuance thereunder will be 85% of the fair market value of the Common Stock on the first trading day of the offering period or on the exercise date, whichever is less. |