As filed with the Securities and Exchange Commission on August 8, 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
EyePoint Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 26-2774444 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
480 Pleasant Street, Watertown, MA | 02472 | |
(Address of Principal Executive Offices) | (Zip Code) |
EyePoint Pharmaceuticals, Inc. 2023 Long-Term Incentive Plan
EyePoint Pharmaceuticals, Inc. 2019 Employee Stock Purchase Plan
Nonqualified Stock Option Awards (Inducement Grants)
(Full title of the plans)
Jay S. Duker, M.D.
President and Chief Executive Officer
EyePoint Pharmaceuticals, Inc.
480 Pleasant Street
Watertown, MA 02472
(Name and address of agent for service)
(617) 926-5000
(Telephone number, including area code, of agent for service)
Copies to:
Stephen M. Nicolai, Esq. Hogan Lovells US LLP 1735 Market Street, 23rd Floor Philadelphia, PA 19103 (267) 675-4600 |
Ron Honig, Esq. Chief Legal Officer & Company Secretary EyePoint Pharmaceuticals, Inc. 480 Pleasant Street Watertown, MA 02472 (617) 926-5000 |
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. ☐
EXPLANATORY NOTE
EyePoint Pharmaceuticals, Inc. 2023 Long-Term Incentive Plan
This Registration Statement on Form S-8 (the Registration Statement) registers an additional 4,000,000 shares of common stock of EyePoint Pharmaceuticals, Inc. (the Registrant), par value $0.001 per share (the Common Stock), available for issuance under the EyePoint Pharmaceuticals, Inc. 2023 Long Term Incentive Plan, as amended (the 2023 Plan). The contents of the previous Registration Statement on Form S-8 filed by the Registrant with the U.S. Securities and Exchange Commission (the Commission) for the 2023 Plan on October 20, 2023 (File No. 333-275124), to the extent not otherwise amended or superseded by the contents hereof, are incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8.
EyePoint Pharmaceuticals, Inc. 2019 Employee Stock Purchase Plan
This Registration Statement is also being filed for the purpose of registering an additional 250,000 shares of Common Stock issuable pursuant to the EyePoint Pharmaceuticals, Inc. 2019 Employee Stock Purchase Plan, as amended (the 2019 Plan, and together with the 2023 Plan, the Plans), for which a Registration Statement on Form S-8 relating to the 2019 Plan is effective. The contents of the previous Registration Statements on Form S-8 filed by the Registrant with the Commission for the 2019 Plan on August 8, 2019 (File No. 333-233137) and August 6, 2021 (File No. 333-258595), to the extent not otherwise amended or superseded by the contents hereof, are incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8.
Inducement Nonqualified Stock Option Awards
This Registration Statement is also being filed for the purpose of registering 466,400 shares of Common Stock issuable upon the exercise of nonqualified stock option awards granted to employees of the Registrant to induce each such employee to accept employment with the Registrant in accordance with Nasdaq Listing Rule 5635(c)(4) (the Inducement Awards). The Inducement Awards were approved by the Registrants Compensation Committee of the Board of Directors in compliance with and in reliance on Nasdaq Listing Rule 5635(c)(4). The Inducement Awards were granted outside of the Plans.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
As permitted by the rules of the Commission, this Registration Statement omits the information specified in Part I of Form S-8. The documents containing the information specified in Part I will be delivered to the participants in the Plans or Inducement Awards, as applicable, as required by Rule 428(b)(1) under the Securities Act of 1933, as amended.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents of the Registrant filed with the Commission are incorporated by reference in this Registration Statement as of their respective dates:
(a) the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on March 8, 2024 (including those portions of the Companys Definitive Proxy Statement on Schedule 14A, filed with the Commission on April 26, 2024, that are incorporated by reference into Part III of such Annual Report on Form 10-K);
(b) the Registrants Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024, filed with the Commission on May 9, 2024, and June 30, 2024, filed with the Commission on August 8, 2024;
(c) the Registrants Current Reports on Form 8-K, filed with the Commission on January 10, 2024 (except Item 2.02 and the portions of Item 99.1 covered by Item 2.02), March 4, 2024, May 6, 2024, May 28, 2024, June 21, 2024, and June 26, 2024 (except Item 2.02 and the portions of Item 99.1 covered by Item 2.02); and
(d) the description of the Common Stock contained in the Registrants Registration Statement on Form 20-F filed with the Commission on January 20, 2005 and subsequent Current Report on Form 8-K filed under Rule 12g-3 of the Exchange Act on June 19, 2008, as updated by Exhibit 4.3 to the Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2023, including any amendments or reports filed for the purpose of updating such description.
All reports and other documents filed by the Registrant after the date hereof pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act but 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 herein and to be part hereof from the date of filing of such reports and documents, except for the documents, or portions thereof, that are furnished rather than filed with the Commission.
For the purposes of this Registration Statement, any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded 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 statement. Any such 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.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law permits, in general, a Delaware corporation to indemnify any person who was or is a party to any proceeding (other than an action by, or in the right of, the corporation) by reason of the fact that he or she is or was a director or officer of the corporation, or served another business enterprise at the request of the corporation, against liability incurred in connection with such proceeding, including the expenses (including attorneys fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with such proceeding, if such person 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, in criminal actions or proceedings, additionally had no reasonable cause to believe that his or her conduct was unlawful. A Delaware corporations power to indemnify applies to actions brought by or in the right of the corporation as well, but only to the extent of expenses (including attorneys fees) actually and reasonably incurred by the person in connection with the defense or settlement of the action or suit, provided that no indemnification shall be provided in such actions in the event of any adjudication of negligence or misconduct in the performance of such persons duties to the corporation, unless a court believes that in light of all the circumstances indemnification should apply. Section 145 of the Delaware General Corporation Law also permits, in general, a Delaware corporation to purchase and maintain insurance on behalf of any person who is or was a director or officer of the corporation, or served another entity at the request of the corporation, against liability incurred by such person in such capacity, whether or not the corporation would have the power to indemnify such person against such liability.
The Registrant has entered into indemnification agreements with each of its directors and executive officers and has obtained insurance covering its directors and officers against losses and insuring the Registrant against certain of its obligations to indemnify its directors and officers.
The Registrants Certificate of Incorporation, as amended, provides that the Registrant shall indemnify each of its directors and officers, to the maximum extent permitted from time to time by law, against all expenses (including attorneys fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by reason of the fact that he or she is a director or officer.
This right of indemnification conferred in the Registrants Certificate of Incorporation, as amended, is not exclusive of any other right.
In addition, the Registrants Certificate of Incorporation, as amended, provides that the Registrants directors shall not be liable to the Registrant or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent that the exculpation from liability is not permitted under the Delaware General Corporation Law.
These indemnification provisions may be sufficiently broad to permit indemnification of the Registrants directors and officers for liabilities (including reimbursement of expenses incurred) arising under the Securities Act.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
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;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this 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 this 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 this Registration Statement or any material change to such information in this Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the 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 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, 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, each filing of the Registrants annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plans annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this 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 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 Commission, such indemnification is against public policy as expressed in the Securities Act 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 whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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 Watertown, Massachusetts, on August 8, 2024.
EYEPOINT PHARMACEUTICALS, INC. | ||
By: | /s/ Jay S. Duker, M.D. | |
Jay S. Duker, M.D. | ||
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 Jay S. Duker, M.D. and Ron Honig, Esq., and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Registration Statement on Form S-8 (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, 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 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 attorney-in-fact and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof.
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 date indicated.
Signature |
Title |
Date | ||
/s/ Jay S. Duker, M.D. Jay S. Duker, M.D. |
President and Chief Executive Officer and Director (Principal Executive Officer) |
August 8, 2024 | ||
/s/ George O. Elston George O. Elston |
Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
August 8, 2024 | ||
/s/ Göran Ando, M.D. Göran Ando, M.D. |
Chairman of the Board of Directors | August 8, 2024 | ||
/s/ Nancy Lurker Nancy Lurker |
Vice Chair of the Board of Directors | August 8, 2024 | ||
/s/ Wendy DiCicco Wendy DiCicco |
Director | August 8, 2024 | ||
/s/ Anthony P. Adamis, M.D. Anthony P. Adamis, M.D. |
Director | August 8, 2024 | ||
/s/ John B. Landis, Ph.D. John B. Landis, Ph.D. |
Director | August 8, 2024 | ||
/s/ Karen Zaderej Karen Zaderej |
Director | August 8, 2024 |
/s/ David Guyer, M.D. David Guyer, M.D. |
Director | August 8, 2024 | ||
/s/ Stuart Duty Stuart Duty |
Director | August 8, 2024 |
Exhibit 5.1
|
Hogan Lovells US LLP 1735 Market Street, Floor 23 Philadelphia, PA 19103 T +1 267 675 4600 F +1 267 675 4601 www.hoganlovells.com |
August 8, 2024
Board of Directors
EyePoint Pharmaceuticals, Inc.
480 Pleasant Street
Watertown, MA 02472
Ladies and Gentlemen:
We are acting as counsel to EyePoint Pharmaceuticals, Inc., a Delaware corporation (the Company), in connection with its registration statement on Form S-8 (the Registration Statement), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the Act), relating to the proposed offering of an aggregate of 4,716,400 shares of common stock, par value $0.001 per share (Common Stock) of the Company (the Shares), consisting of (a) 4,000,000 shares of Common Stock issuable pursuant to the EyePoint Pharmaceuticals, Inc. 2023 Long-Term Incentive Plan, as amended (the 2023 Plan), (b) 250,000 shares of Common Stock issuable pursuant to the EyePoint Pharmaceuticals, Inc. 2019 Employee Stock Purchase Plan, as amended (the 2019 Plan, and together with the 2023 Plan, the Plans) and (c) 466,400 shares of Common Stock issuable pursuant to nonqualified stock option awards granted to employees of the Company to induce each such employee to accept employment with the Company (the Inducement Awards). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. § 229.601(b)(5), in connection with the Registration Statement.
For purposes of this opinion letter, we have examined copies of such agreements, instruments and documents as we have deemed an appropriate basis on which to render the opinions hereinafter expressed. In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of all documents submitted to us as copies (including pdfs). As to all matters of fact, we have relied on the representations and statements of fact made in the documents so reviewed, and we have not independently established the facts so relied on. This opinion letter is given, and all statements herein are made, in the context of the foregoing.
This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended. We express no opinion herein as to any other statutes, rules or regulations.
Based upon, subject to and limited by the foregoing, we are of the opinion that following (i) effectiveness of the Registration Statement, (ii) issuance of the Shares pursuant to the terms of the Plans or the Inducement Awards, as applicable, and (iii) receipt by the Company of the consideration for the Shares specified in (x) the resolutions of the Board of Directors, or a duly authorized committee thereof, and (y) the Plans and (z) the applicable award agreements, the Shares will be validly issued, fully paid, and nonassessable.
Hogan Lovells US LLP is a limited liability partnership registered in the state of Delaware. Hogan Lovells is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP, with offices in: Alicante Amsterdam Baltimore Berlin Beijing Birmingham Boston Brussels Colorado Springs Denver Dubai Dusseldorf Frankfurt Hamburg Hanoi Ho Chi Minh City Hong Kong Houston Johannesburg London Los Angeles Luxembourg Madrid Mexico City Miami Milan Minneapolis Monterrey Munich New York Northern Virginia Paris Philadelphia Riyadh Rome San Francisco São Paulo Shanghai Silicon Valley Singapore Sydney Tokyo Warsaw Washington, D.C. Associated Offices: Budapest Jakarta Shanghai FTZ. Business Service Centers: Johannesburg Louisville. For more information see www.hoganlovells.com
EyePoint Pharmaceuticals, Inc. | - 2 - | August 8, 2024 |
This opinion letter has been prepared for use in connection with the Registration Statement. We assume no obligation to advise of any changes in the foregoing subsequent to the effective date of the Registration Statement.
We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not thereby admit that we are an expert within the meaning of the Act.
Very truly yours,
/s/ HOGAN LOVELLS US LLP
HOGAN LOVELLS US LLP
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 8, 2024 relating to the financial statements of EyePoint Pharmaceuticals, Inc., appearing in the Annual Report on Form 10-K of EyePoint Pharmaceuticals, Inc. for the year ended December 31, 2023.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
August 8, 2024
EXHIBIT 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
EyePoint Pharmaceuticals, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: 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 Fee | |||||||
Equity | Common Stock, par value $0.001 per share, reserved for issuance pursuant to the EyePoint Pharmaceuticals, Inc. 2019 Employee Stock Purchase Plan |
Other | 250,000 (2) | $8.205 (4) | $2,051,250.00 (4) | 0.0001476 | $302.77 | |||||||
Equity | Common Stock, par value $0.001 per share, reserved for issuance pursuant to the EyePoint Pharmaceuticals, Inc. 2023 Long-Term Incentive Plan | Other | 4,000,000 (3) | $8.205 (4) | $32,820,000 (4) | 0.0001476 | $4,844.23 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 15,000 (5) | $6.69 (6) | $100,350.00 (6) | 0.0001476 | $14.81 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 13,000 (5) | $19.55 (6) | $254,150.00 (6) | 0.0001476 | $37.51 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 10,000 (5) | $22.76 (6) | $227,600.00 (6) | 0.0001476 | $33.59 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 49,000 (5) | $29.08 (6) | $1,424,920.00 (6) | 0.0001476 | $210.32 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 125,000 (5) | $28.00 (6) | $3,500,000.00 (6) | 0.0001476 | $516.60 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 77,000 (5) | $21.48 (6) | $1,653,960.00 (6) | 0.0001476 | $244.12 |
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) |
Rule 457(h) | 50,500 (5) | $21.28 (6) | $1,074,640.00 (6) | 0.0001476 | $158.62 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 44,200 (5) | $12.94 (6) | $571,948.00 (6) | 0.0001476 | $84.42 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 25,000 (5) | $9.38 (6) | $234,500.00 (6) | 0.0001476 | $34.61 | |||||||
Equity | Common Stock, par value $0.001 per share, issuable under the Nonqualified Stock Option Award (Inducement Grant) | Rule 457(h) | 57,700 (5) | $10.54 (6) | $608,158.00 (6) | 0.0001476 | $89.76 | |||||||
Total Offering Amounts | $44,521,476.00 | $6,571.36 | ||||||||||||
Total Fees Previously Paid | | |||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $6,571.36 |
(1) | In accordance with Rule 416 under the Securities Act of 1933, as amended (the Securities Act), this registration statement shall be deemed to cover any additional securities that may from time to time be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(2) | Consists of 250,000 shares of common stock, par value $0.001 per share (Common Stock), of EyePoint Pharmaceuticals, Inc. (the Registrant) available for issuance under the Registrants 2019 Employee Stock Purchase Plan. |
(3) | Consists of 4,000,000 shares of Common Stock of Registrant available for issuance under the Registrants 2023 Long-Term Incentive Plan. |
(4) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) of the Securities Act, on the basis of the average of the high and low prices for a share of Common Stock as reported on the Nasdaq Global Market on August 5, 2024, which date is a date within five business days of the filing of this registration statement. |
(5) | Represents shares of Common Stock issuable upon the exercise of the nonqualified stock option awards granted to employees of the Registrant between October 16, 2023 and July 15, 2024 as an inducement material to each such employees acceptance of employment with the Registrant (the Inducement Awards). |
(6) | Estimated in accordance with Rule 457(h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of the price at which the Inducement Awards may be exercised. |