As filed with the Securities and Exchange Commission on March 10, 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
CULLINAN ONCOLOGY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 81-387991 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) | |
One Main Street Suite 520 Cambridge, MA |
02142 | |
(Address of Principal Executive Offices) | (Zip Code) |
Cullinan Oncology, Inc. (formerly Cullinan Management, Inc.) 2021 Stock Option and Incentive Plan
Cullinan Oncology, Inc. (formerly Cullinan Management, Inc.) 2021 Employee Stock Purchase Plan
(Full Title of the Plan)
Nadim Ahmed
President and Chief Executive Officer
Cullinan Oncology, Inc.
One Main Street
Suite 520
Cambridge, MA 02142
(Name and Address of Agent For Service)
(617) 410-4650
(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. ☐
Statement of Incorporation by Reference
This Registration Statement on Form S-8, relating to the 2021 Stock Option and Incentive Plan of Cullinan Oncology, Inc. (formerly Cullinan Management, Inc.) (the Registrant) and the 2021 Employee Stock Purchase Plan of the Registrant, is being filed for the purpose of registering additional securities of the same class as other securities for which a Registration Statement on Form S-8 has previously been filed and is effective. Accordingly, this Registration Statement incorporates by reference the contents of the Registration Statement on Form S-8, File No. 333-251943, filed with the Securities and Exchange Commission on January 7, 2021 by the Registrant, relating to the Registrants 2021 Stock Option and Incentive Plan and the Registrants 2021 Employee Stock Purchase Plan, except for Item 8, Exhibits.
Item 8. Exhibits.
The following exhibits are incorporated herein by reference:
* | Filed herewith. |
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 Cambridge, Commonwealth of Massachusetts, on this 10th day of March, 2022.
CULLINAN ONCOLOGY, INC. | ||
By: | /s/ Nadim Ahmed | |
Name: | Nadim Ahmed | |
Title: | President and Chief Executive Officer |
POWER OF ATTORNEY AND SIGNATURES
We, the undersigned officers and directors of Cullinan Oncology, Inc., hereby severally constitute and appoint Nadim Ahmed and Jeffrey Trigilio, and each of them singly, our true and lawful attorneys with full power to them, and each of them singly, to sign for us and in our names in the capacities indicated below, the registration statement on Form S-8 filed herewith and any and all subsequent amendments to said registration statement, and generally to do all such things in our names and on our behalf in our capacities as officers and directors to enable Cullinan Oncology, Inc. to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our said attorneys, or any of them, to said registration statement and any and all amendments thereto.
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.
Signature |
Title |
Date | ||
/s/ Nadim Ahmed Nadim Ahmed |
President, Chief Executive Officer and Director (Principal Executive Officer) |
March 10, 2022 | ||
/s/ Jeffrey Trigilio Jeffrey Trigilio |
Chief Financial Officer (Principal Financial and Accounting Officer) |
March 10, 2022 | ||
/s/ Thomas Ebeling Thomas Ebeling |
Director | March 10, 2022 | ||
/s/ Ansbert Gadicke Ansbert Gadicke, M.D. |
Director | March 10, 2022 | ||
/s/ Anne-Marie Martin Anne-Marie Martin |
Director | March 10, 2022 | ||
/s/ Anthony Rosenberg Anthony Rosenberg |
Director | March 10, 2022 | ||
/s/ Stephen Webster Stephen Webster |
Director | March 10, 2022 |
Exhibit 5.1
ROPES & GRAY LLP | ||
PRUDENTIAL TOWER | ||
800 BOYLSTON STREET | ||
BOSTON, MA 02199-3600 | ||
WWW.ROPESGRAY.COM |
March 10, 2022
Cullinan Oncology, Inc.
One Main Street, Suite 520
Cambridge, MA 02142
Ladies and Gentlemen:
This opinion letter is furnished to you in connection with the registration statement on Form S-8 (the Registration Statement), filed by Cullinan Oncology, Inc., a Delaware corporation (the Company), on the date hereof, with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the Securities Act), for the registration of 2,657,526 shares of Common Stock, $0.0001 par value per share, of the Company (the Shares). 442,921 of the Shares are issuable under the Companys 2021 Employee Stock Purchase Plan (the ESPP) and 2,214,605 of the Shares are issuable under the Companys 2021 Stock Option and Incentive Plan (together with the ESPP, the Plans).
We are familiar with the actions taken by the Company in connection with the adoption of the Plans. We have examined such certificates, documents and records and have made such investigation of fact and such examination of law as we have deemed appropriate in order to enable us to render the opinions set forth herein. In conducting such investigation, we have relied, without independent verification, upon certificates of officers of the Company, public officials and other appropriate persons.
The opinions expressed below are limited to the Delaware General Corporation Law.
Based upon and subject to the foregoing, we are of the opinion that the Shares have been duly authorized and, when the Shares have been issued and sold in accordance with the terms of the Plans, the Shares will be validly issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion letter 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 or the rules and regulations thereunder.
Very truly yours, |
/s/ Ropes & Gray LLP |
Ropes & Gray LLP |
Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the use of our report dated March 30, 2021, with respect to the consolidated financial statements of Cullinan Oncology, LLC and subsidiaries, incorporated herein by reference.
/s/ KPMG LLP
Boston, Massachusetts
March 10, 2022
Exhibit 107.1
Calculation of Filing Fee Tables
Form S-8
(Form Type)
Cullinan Oncology, 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 Offering |
Fee Rate |
Amount of Registration Fee | |||||||
Equity | Common stock, $0.0001 par value per share |
Rules 457(c) and 457(h) |
442,921 (2) | $11.20 (3) | $4,962,043.96 | 0.0000927 | $460.00 | |||||||
Equity | Common stock, $0.0001 par value per share |
Rules 457(c) and 457(h) |
1,111,309(4) | $13.18 (5) | $14,647,052.62 | 0.0000927 | $1,358.00 | |||||||
Equity | Common stock, $0.0001 par value per share |
Rule 457(h) | 780,500 (6) | $13.60 | $10,614,800.00 | 0.0000927 | $984.00 | |||||||
Equity | Common stock, $0.0001 par value per share |
Rule 457(h) | 107,796 (7) | $14.34 | $1,545,794.64 | 0.0000927 | $144.00 | |||||||
Equity | Common stock, $0.0001 par value per share |
Rule 457(h) | 215,000(8) | $12.93 | $2,779,950.00 | 0.0000927 | $258.00 | |||||||
Total Offering Amounts | $34,549,641.22 | $3,204.00 | ||||||||||||
Total Fee Offsets (9) | | |||||||||||||
Net Fee Due | $3,204.00 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this registration statement on Form S-8 (Registration Statement) shall also cover any additional shares of the common stock of Cullinan Oncology, Inc. (the Registrant) that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrants receipt of consideration that results in an increase in the number of the outstanding shares of the Registrants common stock. |
(2) | Represents additional shares of the Registrants common stock automatically reserved and available for issuance under the Registrants 2021 Employee Stock Purchase Plan (the 2021 ESPP) resulting from the annual evergreen increase in the number of authorized shares reserved and available for issuance under the 2021 ESPP on January 1, 2022. The annual increase was equal to one percent (1%) of the number of shares of common stock issued and outstanding on December 31, 2021. |
(3) | Estimated in accordance with Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee. The proposed maximum offering price per share is equal to 85% of $13.18, which was computed by averaging the $13.65 (high) and $12.71 (low) prices of a share of the Registrants common stock as reported on The Nasdaq Global Select Market on March 7, 2022. Under the 2021 ESPP, the purchase price of a share of common stock is equal to 85% of the fair market value of the Registrants common stock on the offering date or the exercise date, whichever is less. |
(4) | Represents additional shares of the Registrants common stock automatically reserved and available for issuance under the Registrants 2021 Stock Option and Incentive Plan (the 2021 Plan) resulting from the annual evergreen increase in the number of authorized shares reserved and available for issuance under the 2021 Plan on January 1, 2022. The annual increase was equal to five (5%) percent of the number of shares of stock issued and outstanding on December 31, 2021. |
(5) | Estimated in accordance with Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee. The proposed maximum offering price per share of $13.18 was computed by averaging the $13.65 (high) and $12.71 (low) prices of a share of the Registrants common stock as reported on The Nasdaq Global Select Market on March 7, 2022. |
(6) | Represents shares of common stock reserved for issuance upon the exercise of options previously granted on February 11, 2022 under the 2021 Plan. |
(7) | Represents shares of common stock reserved for issuance upon the exercise of options previously granted on February 28, 2022 under the 2021 Plan. |
(8) | Represents shares of common stock reserved for issuance upon the vesting of performance stock units previously granted on March 5, 2022 under the 2021 Plan. |
(9) | The Registrant does not have any fee off-sets. |