As filed with the Securities and Exchange Commission on May 14, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Ovid Therapeutics Inc.
(Exact name of registrant as specified in its charter)
Delaware | 46-5270895 | |
(State or other jurisdiction of incorporation or organization) |
(IRS employer identification number) | |
441 Ninth Avenue, 14th Floor New York, New York |
10001 | |
(Address of Principal Executive Offices) | (Zip Code) |
2017 Equity Incentive Plan
(Full title of the plan)
Jeremy M. Levin, DPhil, MB BChir
Chief Executive Officer
Ovid Therapeutics Inc.
441 Ninth Avenue, 14th Floor New York, New York 10001
(646) 661-7661
(Name, address, including zip code and telephone number, including area code, of agent for service)
Copies to:
Thomas M. Perone General Counsel and Secretary Ovid Therapeutics Inc. 441 Ninth Avenue, 14th Floor New York, New York 10001 (646) 661-7661 |
Laura A. Berezin Jaime L. Chase Cooley LLP 1700 Seventh Avenue, Suite 1900 Seattle, Washington 98101 (206) 452-8700 |
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. ☐
PART I
EXPLANATORY NOTE
Ovid Therapeutics Inc. (the Registrant) is filing this Registration Statement on Form S-8 (the Registration Statement) for the purpose of registering an additional 3,534,599 shares of common stock under the Ovid Therapeutics Inc. 2017 Equity Incentive Plan (the Plan), pursuant to the provision of the Plan which provides for annual automatic increases in the number of shares of common stock reserved for issuance under the Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. | Incorporation of Documents by Reference. |
The Registrant hereby incorporates by reference into this Registration Statement the following documents filed by it with the Securities and Exchange Commission (the Commission):
(a) | the contents of the Registrants Registration Statements on Form S-8, previously filed with the Commission on May 22, 2017 (File No. 333-218167), March 29, 2018 (File No. 333-224033), August 7, 2019 (File No. 333-233101), March 11, 2020 (File No. 333-237098), March 17, 2021 (File No. 333-254420), March 15, 2022 (File No. 333-263562), as amended by that certain Post-Effective Amendment No. 1, dated March 16, 2022 (File No. 333-263562) and May 5, 2023 (File No. 333-271704); |
(b) | the Registrants Annual Report on Form 10-K (File No. 001-38085) for the year ended December 31, 2023, filed with the Commission on March 8, 2024 (the Annual Report); |
(c) | the information specifically incorporated by reference to the Annual Report from the Registrants Definitive Proxy Statement on Schedule 14A (File No. 001-38085), filed with the Commission on April 24, 2024; and |
(d) | the description of our common stock set forth in our registration statement on Form 8-A (File No. 001-38085), filed with the Commission on May 4, 2017, including any amendments thereto or reports filed for the purposes of updating this description, including Exhibit 4.2 to our Annual Report. |
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended subsequent to the filing of this Registration Statement 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 this 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. The Registrant is not, however, incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed filed with the Commission, including any information furnished pursuant to Items 2.02 or 7.01 of Form 8-K or related exhibits furnished pursuant to Item 9.01 of Form 8-K. 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 this Registration Statement to the extent that a statement herein or in any subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not constitute a part of this Registration Statement, except as so modified or superseded.
Item 8. | Exhibits. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 New York, State of New York on May 14, 2024.
Ovid Therapeutics Inc. | ||
By: | /s/ Jeremy M. Levin, DPhil, MB BChir | |
Jeremy M. Levin, DPhil, MB BChir | ||
Chief Executive Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Jeremy M. Levin, DPhil, MB BChir and Jeffrey Rona, and each or any one of them, his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitutes or substitute, 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 on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date | ||
/s/ Jeremy M. Levin, DPhil, MB BChir Jeremy M. Levin, DPhil, MB BChir |
Chief Executive Officer and Director (Principal Executive Officer) |
May 14, 2024 | ||
/s/ Jeffrey Rona Jeffrey Rona |
Chief Business and Financial Officer (Principal Financial and Accounting Officer) |
May 14, 2024 | ||
/s/ Karen Bernstein, PhD Karen Bernstein PhD |
Director | May 14, 2024 | ||
/s/ Barbara Duncan Barbara Duncan |
Director | May 14, 2024 | ||
/s/ Bart Friedman Bart Friedman |
Director | May 14, 2024 | ||
/s/ Kevin Fitzgerald, Ph.D. Kevin Fitzgerald, Ph.D. |
Director | May 14, 2024 | ||
/s/ Michael Poole, M.D., FACP Michael Poole, M.D., FACP |
Director | May 14, 2024 |
Exhibit 5.1
Jaime L. Chase
+1 202 728 7096
jchase@cooley.com
May 14, 2024
Ovid Therapeutics Inc.
441 Ninth Avenue, 14th Floor
New York, New York 10001
Ladies and Gentlemen:
We have acted as counsel to Ovid Therapeutics Inc., a Delaware corporation (the Company), in connection with the filing by the Company of a registration statement on Form S-8 (the Registration Statement) with the Securities and Exchange Commission (the Commission) covering the offering of up to 3,534,599 shares (the Shares) of the Companys common stock, par value $0.001 per share, issuable pursuant to the Companys 2017 Equity Incentive Plan (the Plan).
In connection with this opinion, we have examined and relied upon (a) the Registration Statement and the related prospectuses, (b) the Companys certificate of incorporation and bylaws, each as currently in effect, (c) the Plan and (d) such other records, documents, opinions, certificates, memoranda and instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials and the due authorization, execution and delivery of all documents by all persons other than the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not independently verified such matters.
Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Plan, the Registration Statement and the related prospectus, will be validly issued, fully paid, and nonassessable (except as to Shares issued pursuant to deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).
Cooley LLP 1299 Pennsylvania Avenue, NW, Suite 700 Washington, DC 20004-2400
t: (202) 842-7800 f: (202) 842-7899 cooley.com
Ovid Therapeutics Inc.
May 10, 2024
Page Two
This opinion is limited to the matters expressly set forth in this letter, and no opinion should be implied, or may be inferred, beyond the matters expressly stated. This opinion speaks only as to law and facts in effect or existing as of the date hereof and we have no obligation or responsibility to update or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that may hereafter occur.
We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Commission thereunder.
Sincerely, | ||
COOLEY LLP | ||
By: | /s/ Jaime L. Chase | |
Jaime L. Chase |
Cooley LLP 1299 Pennsylvania Avenue, NW, Suite 700 Washington, DC 20004-2400
t: (202) 842-7800 f: (202) 842-7899 cooley.com
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the use of our report dated March 8, 2024, with respect to the consolidated financial statements of Ovid Therapeutics Inc., incorporated herein by reference.
/s/ KPMG LLP
New York, New York
May 14, 2024
Exhibit 107
CALCULATION OF REGISTRATION FEE
Form S-8
Ovid Therapeutics Inc.
Security Type |
Security Class Title |
Fee Calculation Rule |
Amount Registered(1) |
Proposed Maximum Offering Price per Share |
Maximum Offering Price |
Fee Rate | Amount of Registration Fee | |||||||
Equity | 2017 Equity Incentive Plan Common Stock, par value $0.001 per share |
Rule 457(c) and 457(h) | 3,534,599 (2) | $3.03(3) | $10,709,865(3) | $0.00014760 | $1,581 | |||||||
Total Offering Amounts | $10,709,865 | | ||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $1,581 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this Registration Statement shall also cover any additional shares of common stock that become issuable under the above-named plans by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without receipt of consideration which results in an increase in the number of Ovid Therapeutics Inc.s (the Registrant) outstanding shares of common stock, par value $0.001 per share (the Common Stock). |
(2) | Represents additional shares of the Registrants Common Stock reserved for future grant under the Ovid Therapeutics Inc. 2017 Equity Incentive Plan (the 2017 Plan) as a result of the automatic increase in shares reserved thereunder on January 1, 2024 pursuant to the terms of the 2017 Plan. The 2017 Plan provides that an additional number of shares will automatically be added annually to the shares authorized for issuance under the 2017 Plan commencing on January 1, 2018 and ending on (and including) or January 1, 2027 in an amount equal to the lesser of (a) 5% of the total number of shares of capital stock outstanding on December 31st of the preceding calendar year and (b) a number of shares of Common Stock designated by action of the Registrants board of directors prior to the first day of any calendar year. |
(3) | Estimated pursuant to Rule 457(c) and Rule 457(h) solely for the purpose of calculating the registration fee. The proposed maximum offering price per share and proposed maximum aggregate offering price are based on the average of the high and low sale prices of the Common Stock as reported on The Nasdaq Global Select Market on May 10, 2024. |