S-8

As filed with the Securities and Exchange Commission on March 25, 2021

Registration No. 333-            

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

Synlogic, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   26-1824804
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification Number)

301 Binney Street, Suite 402

Cambridge, MA 02142

(617) 401-9975

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

2015 Equity Incentive Award Plan

(Full Title of the Plan)

Aoife Brennan

President and Chief Executive Officer

Synlogic, Inc.

301 Binney Street, Suite 402

Cambridge, MA 02142

(617) 401-9975

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

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.  ☐

 

 

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 (2)

  Amount of
Registration Fee

Common Stock, par value $0.001 per share

  1,909,163   $4.21   $8,037,576.23   $876.90

 

 

(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 the Registrant’s common stock, par value $0.001 per share (the “Common Stock”) that become issuable under the 2015 Equity Incentive Award Plan (the “2015 Plan”) by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the Registrant’s receipt of consideration which would increase the number of outstanding shares of Common Stock.

(2)

Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under the Securities Act. The offering price per share and the aggregate offering price for shares reserved for future issuance under the 2015 Plan are based on the average of the high and the low price of Registrant’s Common Stock as reported on The Nasdaq Capital Market on March 19, 2021. The chart below details the calculations of the registration fee:

 

Securities

   Number of
Shares
     Offering Price Per
Share
    Aggregate
Offering Price
 

Shares reserved for future grant under the 2015 Plan

     1,909,163      $ 4.21 (2)    $ 8,037,576.23  

Proposed Maximum Aggregate Offering Price

        $ 8,037,576.23  

Registration Fee

        $ 876.90  

 

 

 


EXPLANATORY NOTE

This Registration Statement on Form S-8 is being filed for the purpose of registering an additional 1,909,163 shares of the Registrant’s common stock issuable under the Registrant’s 2015 Equity Incentive Award Plan, for which a Registration Statement of the Registrant on Form S-8 (File No. 333-220841) is effective, as a result of the operation of an automatic annual increase provision therein, which added 1,909,163 shares of Common Stock.

INCORPORATION BY REFERENCE OF CONTENTS OF

REGISTRATION STATEMENT ON FORM S-8

Pursuant to Instruction E of Form S-8, the contents of the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on October 5, 2017 (File No.  333-220841) are incorporated by reference herein.


Exhibit Index

 

Exhibit
Number

       Incorporated by
Reference
 

Filed
Herewith

 

Exhibit Description

  

Form

  

Date

  

Number

  4.1   Amended and Restated Certificate of Incorporation.    8-K    10/6/2015    3.1  
  4.2   Certificate of Amendment to Amended and Restated Certificate of Incorporation.    8-K    8/28/2017    3.1  
  4.3   Certificate of Amendment to Amended and Restated Certificate of Incorporation.    8-K    8/28/2017    3.2  
  4.4   Amended and Restated Bylaws.    8-K    10/6/2015    3.2  
  4.5   Form of Common Stock Certificate.    S-3    10/13/2017    4.5  
  5.1   Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.            X
23.1   Consent of KPMG LLP, independent registered public accounting firm.            X
23.2   Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (included in Exhibit 5.1).            X
24.1   Power of Attorney. Reference is made to the signature page to the Registration Statement.            X
99.1(A)#   2015 Equity Incentive Award Plan.    10-K    3/20/2018    10.1  
99.1(B)#   Form of Stock Option Grant Notice and Stock Option Agreement under the 2015 Equity Incentive Award Plan.    S-1/A    9/11/2015    10.9(B)  
99.1(C)#   Form of Restricted Stock Award Grant Notice and Agreement and Form of Restricted Stock Unit Award Grant Notice and Agreement under the 2015 Equity Incentive Award Plan.    S-1/A    9/11/2015    10.9(C)  

 

#

Indicates management contract or compensatory plan.


Signatures

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in Cambridge, Massachusetts on March 25, 2021.

 

SYNLOGIC, INC.
By:  

/s/ AOIFE BRENNAN

  Aoife Brennan
  President and Chief Executive Officer

Power of Attorney

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Aoife Brennan and Gregg Beloff, and each of them acting individually, as his or her true and lawful attorneys-in-fact and agents, each with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Registration Statement, including post-effective amendments or any abbreviated registration statement and any amendments thereto filed pursuant to Rule 462(b) increasing the number of securities for which registration is sought, and to file the same, with all exhibits thereto and other documents in connection therewith, with the SEC, granting unto said attorneys-in-fact and agents, with full power of each to act alone, 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 for 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 his, her or their substitute or substitutes, 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.

 

Name

  

Title

 

Date

/s/    AOIFE BRENNAN        

   President, Chief Executive Officer, and Director   March 25, 2021
Aoife Brennan    (Principal Executive Officer)  

/s/    GREGG BELOFF        

   Interim Chief Financial Officer   March 25, 2021
Gregg Beloff    (Principal Financial Officer and Principal Accounting Officer)  

/s/    PETER BARRETT        

    
Peter Barrett    Chairman of the Board   March 25, 2021

/s/    MICHAEL BURGESS        

    
Michael Burgess    Director   March 25, 2021

/s/    MICHAEL HEFFERNAN        

    
Michael Heffernan    Director   March 25, 2021

/s/    PATRICIA HURTER        

    
Patricia Hurter    Director   March 25, 2021

/s/    LISA KELLY-CROSWELL        

    
Lisa Kelly-Croswell    Director   March 25, 2021

/s/    CHAU KHUONG        

    
Chau Khuong    Director   March 25, 2021


/s/    NICK LESCHLY        

    
Nick Leschly    Director   March 25, 2021

/s/    EDWARD MATHERS        

    
Edward Mathers    Director   March 25, 2021

/s/    RICHARD P. SHEA        

    
Richard P. Shea    Director   March 25, 2021
EX-5.1

Exhibit 5.1

 

  LOGO   

One Financial Center

Boston, MA 02111

617-542-6000

www.mintz.com

March 25, 2021

Synlogic, Inc.

301 Binney Street, Suite 402

Cambridge, MA 02142

 

  Re:

Registration Statement on Form S-8; 1,909,163 shares of Common Stock of Synlogic, Inc., par value $0.001 per share

Ladies and Gentlemen:

We have acted as counsel to Synlogic, Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) of a Registration Statement on Form S-8 (the “Registration Statement”), pursuant to which the company is registering the issuance under the Securities Act of 1933, as amended (the “Securities Act”), of an aggregate of 1,909,163 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, that may be issued pursuant to the Company’s 2015 Equity Incentive Award Plan (the “2015 Plan”). This opinion is being rendered in connection with the filing of the Registration Statement with the Commission. All capitalized terms used herein and not otherwise defined shall have the respective meanings given to them in the Registration Statement.

As the counsel to the Company in connection with the Registration Statement, we have examined the actions taken by the Company in connection with the authorization of the issuance of the Shares, and such documents as we have deemed necessary to render this opinion. In our examination, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such copies. As to questions of fact material to this opinion, we have relied upon certificates or comparable documents of public officials and of officers and representatives of the Company. In addition, we have assumed that the Company will receive any required consideration in accordance with the terms of the 2015 Plan.

Our opinion is limited to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to the laws of any other jurisdiction. No opinion is expressed herein with respect to the qualification of the Shares under the securities or blue sky laws of any state or of any foreign jurisdiction.

Based upon and subject to the foregoing, it is our opinion that the Shares, when issued and delivered in accordance with the terms of the 2015 Plan, will be validly issued, fully paid and non-assessable.

Please note that we are opining only as to the matters expressly set forth herein, and no opinion should be inferred as to any other matters. This opinion is based upon currently existing statutes, rules, regulations and judicial decisions, and we disclaim any obligation to advise you of any change in any of these sources of law or subsequent legal or factual developments which might affect any matters or opinions set forth herein.

 

 

BOSTON         LONDON        LOS ANGELES        NEW YORK        SAN DIEGO        SAN FRANCISCO        WASHINGTON

MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO, P.C.


MINTZ

March 25, 2021

Page 2

   LOGO

 

We understand that you wish to file this opinion with the Commission as an exhibit to the Registration Statement in accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act, and we hereby consent thereto. In giving this consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.

 

Very truly yours,
/s/ MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

 

 

BOSTON         LONDON        LOS ANGELES        NEW YORK        SAN DIEGO        SAN FRANCISCO        WASHINGTON

MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO, P.C.

EX-23.1

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors

Synlogic, Inc.:

We consent to the use of our report dated March 25, 2021, with respect to the consolidated balance sheets of Synlogic, Inc. and subsidiaries as of December 31, 2020 and 2019, the related consolidated statements of operations and comprehensive loss, stockholders’ equity, and cash flows for the years then ended, and the related notes, incorporated herein by reference.

/s/ KPMG LLP

Boston, Massachusetts

March 25, 2021