S-8 1 fs82016_cleantechsolutions.htm REGISTRATION STATEMENT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-8

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

CLEANTECH SOLUTIONS INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   90-0648920

(State of other jurisdiction of

incorporation or organization

  

(I.R.S. Employer

Identification No.)

 

No. 9 Yanyu Middle Road

Qianzhou Village, Huishan District, Wuxi City

Jiangsu Province, People’s Republic of China

   214181

(Address of Principal Executive Offices)

   (Zip Code)

 

Cleantech Solutions International, Inc.

2016 Long-Term Incentive Plan

(Full Title of Plan)

 

Jianhua Wu
No. 9 Yanyu Middle Road, Qianzhou Village, Huishan District; Wuxi City
Jiangsu Province, People’s Republic of China 214181

(Name and address of agent for service)

 

(86) 510-8339-7559

(Telephone number, including area code, of agent for service)

 

Copies to:

Asher S. Levitsky P.C.

Ellenoff Grossman & Schole LLP

 1345 Avenue of the Americas; Suite 1100

New York, NY 10101-0302

Tel (212) 370-1300

Fax (212) 370-7889

Email: alevitsky@egsllp.com

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐

   Accelerated filer ☐
Non-accelerated filer ☐ (Do not check if a smaller reporting company) Smaller reporting company ☒

 

CALCULATION OF REGISTRATION FEE
 

Title of securities to be registered  Amount to be registered (1)   Proposed maximum offering price per share (2)   Proposed maximum aggregate offering price   Amount of registration fee 
Common Stock, par value $0.001   500,000   $0.66   $330,000   $38.25 

 

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of common stock of Cleantech Solutions International, Inc.., a Nevada corporation (the “Registrant” or the “Company”), which become issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction which results in an increase in the number of outstanding shares of the Registrant’s common stock.

 

(2)Estimated in accordance with Rule 457(h) of the Securities Act solely for the purpose of calculating the registration fee. The computation is based on the closing stock price as reported on the Nasdaq Stock Market on December 24, 2016.

 

 

 

 

 

 

EXPLANATORY NOTE

 

This Registration Statement is being filed to register the grant of up to 500,000 shares of common stock of Cleantech Solutions International, Inc., par value $0.001 per share, to certain employees of the Company either as stock grants or stock options, and the subsequent exercise of any stock options.

 

 

 

 

PART I

 

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

 

Item 1.    Plan Information

 

The documents containing the information specified in Part I of this Registration Statement will be sent or given to eligible employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended as of the date of this Registration Statement (the “Securities Act”). Such documents are not required to be and are not filed with the Securities and Exchange Commission (the “Commission”) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

 

Item 2.    Registrant Information and Employee Plan Annual Information.

 

Upon written or oral request, any of the documents incorporated by reference in Item 3 of Part II of this Registration Statement (which documents are incorporated by reference in this Section 10(a) Prospectus), other documents required to be delivered to eligible employees pursuant to Rule 428(b) or additional information about the Offering are available without charge by contacting:

 

Corporate Secretary

No. 9 Yanyu Middle Road

Qianzhou Village, Huishan District, Wuxi City

Jiangsu Province, the People’s Republic of China 214181

+(86) 510-8339-7559

 

 1 

 

 

PART II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3.    Incorporation of Documents by Reference.

 

The following documents and information heretofore filed with the Commission by the Registrant are incorporated herein by reference in this registration statement:

 

(a) The Registrant’s annual report on Form 10-K for the year ended December 31, 2015, filed on March 30, 2016.

 

(b) The Registrant’s quarterly reports on Form 10-Q for:

 

the quarter ended March 31, 2016, filed May 16, 2016

the quarter ended June 30, 2016, filed August 12, 2016

the quarter ended September 30, 2016, filed November 14, 2016:

 

(c) The Registrant’s current report on Forms 8-K filed on the following dates:

 

January 4, 2016

March 3, 2016

March 25, 2016

March 31, 2016

May 19, 2016

June 10, 2016

June 17, 2016

June 24, 2016

June 27, 2016

July 22, 2016

August 17, 2016

November 16, 2016

November 22, 2016

 

(d) The description of the Registrant’s common stock contained in the Registrant’s prospectus dated June 13, 2013 filed on June 18, 2013.

 

All documents subsequently filed with the Commission by the Registrant pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered hereunder have been sold or which deregisters all securities then remaining unsold under this Registration Statement, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents.  Any statement contained herein or 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 contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such earlier statement.  Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

 

Item 4.     Description of Securities.

 

The class of securities to be offered is registered under Section 12 of the Exchange Act and accordingly, no information under Item 202 of Regulation S-K is required.

 

Item 5.    Interests of Named Experts and Counsel.

 

None.

 

 2 

 

 

Item 6.    Indemnification of Directors and Officers.

 

Our articles of incorporation and by-laws provide that we will indemnify and hold harmless our officers and directors to the fullest extent permitted by law. Our articles of incorporation also provide that, except as otherwise provided by law, no director or officer is individually liable to us or our stockholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (a) the director’s or officer’s act or failure to act constituted a breach of his or her fiduciary duties as a director or officer and (b) the breach of those duties involved intentional misconduct, fraud or a knowing violation of law.

 

Nevada Revised Statutes Section 78.7502 gives us broad authority to indemnify our officers and directors. under certain prescribed circumstances and subject to certain limitations against certain costs and expenses, including attorney’s fees actually and reasonably incurred in connection with any action, suit or proceeding, whether civil, criminal, administrative or investigative, to which a person is a party by reason of being a director or officer it is determined that such person acted in accordance with the applicable standard of conduct set forth in such statutory provisions.

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act” or “Securities Act”) may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.

 

Item 7.    Exemption from Registration Claimed.

 

Not applicable.

 

Item 8.    Exhibits.

 

Exhibit No.   Description
     

4.1

  

Cleantech Solutions International, Inc. 2016 Long Term Incentive Plan (filed as appendix A to the Registrant’s definitive proxy statement which was filed with the Commission on October 3, 2016 and incorporated hereby by reference).

5.1   Opinion of Ellenoff Grossman & Schole LLP with respect to the legality of the common stock registered hereby.

23.1

  

Consent of Ellenoff Grossman & Schole LLP (contained in its opinion filed herewith in Exhibit 5.1).

23.2   Consent of RBSM LLP.

 

Item 9.    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% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;

 

 3 

 

 

  (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.

 

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if this registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act of 1934 that are incorporated by reference in this 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.

 

(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 Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit 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)      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, 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 and will be governed by the final adjudication of such issue.

 

 4 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, 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 Wuxi, People’s Republic of China, on this 29th day of December, 2016.

 

  CLEANTECH SOLUTIONS INTERNATIONAL, INC.
   
  By: /s/ Jianhua Wu
  Jianhua Wu, Chief Executive Officer

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated. Each person whose signature appears below hereby authorizes Jianhua Wu as 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 to this report, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission.

 

Signature   Title   Date
         
/s/ Jianhua Wu   Chief Executive Officer,   December 29, 2016
Jianhua Wu  

Chief Executive Officer and Director

(Principal Executive Officer)

    
         
/s/ Wanfen Xu   Chief Financial Officer   December 29, 2016
Wanfen Xu   (Principal Financial and Accounting Officer)    
         
/s/ Furen Chen   Director   December 29, 2016
Furen Chen        
         
/s/ Xi Liu   Director   December 29, 2016
Xi Liu        
         
/s/ Chengqing Tang   Director   December 29, 2016
Chengqing Tang        

 

/s/ Baowen Wang   Director   December 29, 2016
Baowen Wang        

 

 

5