As filed with the Securities and Exchange Commission on March 9, 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
TSCAN THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 82-5282075 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
830 Winter Street Waltham, Massachusetts |
02451 | |
(Address of Principal Executive Offices) | (Zip Code) |
TSCAN THERAPEUTICS, INC. 2020 EQUITY INCENTIVE PLAN
TSCAN THERAPEUTICS, INC. 2021 EMPLOYEE STOCK PURCHASE PLAN
(Full title of the plan)
David Southwell
Chief Executive Officer
TScan Therapeutics, Inc.
830 Winter Street
Waltham, Massachusetts 02451
(Name and address of agent for service)
(857) 399-9500
(Telephone number, including area code, of agent for service)
Copies to:
William D. Collins, Esq.
Goodwin Procter LLP
100 Northern Avenue
Boston, Massachusetts 02210
(617) 570-1000
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
This Registration Statement on Form S-8 registers (i) 956,303 additional shares of the Registrants common stock, $0.0001 par value per share (Common Stock), under the TScan Therapeutics, Inc. 2021 Equity Incentive Plan (the 2021 Plan) and (ii) 239,075 additional shares of Common Stock under the TScan Therapeutics, Inc. 2021 Employee Stock Purchase Plan (the 2021 ESPP). The number of shares of Common Stock reserved and available for issuance under the 2021 Plan is subject to an automatic annual increase on each January 1, beginning in 2022, by an amount equal to four percent of the number of shares of Common Stock issued and outstanding on the immediately preceding December 31 or such lesser number of shares of Common Stock as determined by the Administrator (as defined in the 2021 Plan). Accordingly, on January 1, 2022, the number of shares of Common Stock reserved and available for issuance under the 2021 Plan increased by 956,303. The additional shares are of the same class as other securities relating to the 2021 Plan for which the Registrants registration statement filed on Form S-8 (Registration No. 333-257941) on July 16, 2021, is effective. The number of shares of Common Stock reserved and available for issuance under the 2021 ESPP is subject to an automatic annual increase on each January 1, beginning in 2022, by an amount equal to the least of (i) one percent of the number of shares of Common Stock issued and outstanding on the immediately preceding December 31 or (ii) such number of shares of Common Stock as determined by the Administrator (as defined in the 2021 ESPP). Accordingly, on January 1, 2022, the number of shares of Common Stock reserved and available for issuance under the 2021 ESPP increased by 239,075. The additional shares are of the same class as other securities relating to the 2021 ESPP for which the Registrants registration statement filed on Form S-8 (Registration No. 333-257941) on July 16, 2021, is effective. The information contained in the Registrants registration statement on Form S-8 (Registration No. 333-257941) is hereby incorporated by reference pursuant to General Instruction E.
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. | Exhibits. |
* Filed herewith. |
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 Waltham, Commonwealth of Massachusetts, on March 9, 2022.
TScan Therapeutics, Inc. | ||
By: | /s/ David Southwell | |
David Southwell | ||
Chief Executive Officer (Principal Executive Officer) |
POWER OF ATTORNEY AND SIGNATURES
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David Southwell and Brian Silver, and each of them, as such persons true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them, for such person in such persons, place and stead, in any and all capacities, to sign for us and in our names in the capacities indicated below the Registration Statement on Form S-8 of TScan Therapeutics, Inc., and any or all amendments (including post-effective amendments), 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 or necessary to be done in connection therewith and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or substitutes of any of them, 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/ David Southwell | President,. Chief Executive Officer and Director (Principal Executive Officer) | March 9, 2022 | ||
David Southwell | ||||
/s/ Brian Silver | Chief Financial Officer | March 9, 2022 | ||
Brian Silver | (Principal Financial and Accounting Officer) | |||
/s/ Stephen Biggar | Director | March 9, 2022 | ||
Stephen Biggar M.D., Ph.D. | ||||
/s/ Ittai Harel | Director | March 9, 2022 | ||
Ittai Harel | ||||
/s/ Timothy Barberich | Director | March 9, 2022 | ||
Timothy Barberich | ||||
/s/ Gabriela Gruia | Director | March 9, 2022 | ||
Gabriela Gruia, M.D. | ||||
/s/ Katina Dorton | Director | March 9, 2022 | ||
Katina Dorton, J.D., M.B.A |
Exhibit 5.1
Goodwin Procter LLP 100 Northern Avenue Boston, MA 02210
goodwinlaw.com +1 617 570 1000 +1 617 523 1231 |
March 9, 2022
TScan Therapeutics, Inc.
830 Winter Street
Waltham, Massachusetts 02451
Re: | Securities Being Registered under Registration Statement on Form S-8 |
We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-8 (the Registration Statement) pursuant to the Securities Act of 1933, as amended (the Securities Act), on or about the date hereof relating to an aggregate of (i) 956,303 shares (the Plan Shares) of common stock, $0.0001 par value per share (the Common Stock), of TScan Therapeutics, Inc., a Delaware corporation (the Company), that may be issued pursuant to the TScan Therapeutics, Inc. 2021 Equity Incentive Plan (the 2021 Plan) and (ii) 239,075 shares (the ESPP Shares and, together with the Plan Shares, the Shares) of Common Stock that may be issued pursuant to the TScan Therapeutics, Inc. 2021 Employee Stock Purchase Plan (the 2021 ESPP and, together with the 2021 Plan, the Plans).
We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinion set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.
The opinion set forth below is limited to the Delaware General Corporation Law.
For purposes of the opinion set forth below, we have assumed that no event occurs that causes the number of authorized shares of Common Stock available for issuance by the Company to be less than the number of then unissued Shares.
Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, upon issuance and delivery against payment therefor in accordance with the terms of the applicable Plan, will be validly issued, fully paid and nonassessable.
We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement. In giving our consent, we do not 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/ Goodwin Procter LLP |
GOODWIN PROCTER 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 9, 2022, relating to the financial statements of TScan Therapeutics, Inc. appearing in the Annual Report on Form 10-K of TScan Therapeutics, Inc. for the year ended December 31, 2021.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
March 9, 2022
Exhibit 107.1
Calculation of Filing Fee Tables
Form S-8
(Form Type)
TScan Therapeutics, 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 per Share |
Maximum Aggregate Offering Price |
Fee Rate | Amount of Registration Fee | |||||||
Equity |
Common Stock, $0.0001 par value per share |
Other(2) | 956,303 shares(3) |
$3.87(2) | $3,700,892.61 (2) | $0.0000927 | $343.08 | |||||||
Equity |
Common Stock, $0.0001 par value per share |
Other(4) | 239,075 shares(5) |
$3.289(4) | $786,317.68 (4) | $0.0000927 | $72.90 | |||||||
Total Offering Amounts | $4,487,210.29 | $415.98 | ||||||||||||
Total Fee Offsets | $0 | |||||||||||||
Net Fee Due | $415.98 |
(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the Securities Act), this registration statement shall also cover any additional shares of common stock, $0.0001 par value per share (the Common Stock), which become issuable under the TScan Therapeutics, Inc. 2021 Equity Incentive Plan (the 2021 Plan) and the TScan Therapeutics, Inc. 2021 Employee Stock Purchase Plan (the 2021 ESPP) by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the Registrants outstanding shares of Common Stock. |
(2) | The price of $3.87 per share, which is the average of the high and low sale prices of the Registrants Common Stock on the Nasdaq Global Market on March 7, 2022, is set forth solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act. |
(3) | Represents an automatic increase of 956,303 shares of Common Stock to the number of shares available for issuance under the 2021 Plan, effective January 1, 2022. Shares available for issuance under the 2021 Plan were previously registered on a registration statement on Form S-8 filed with the Securities and Exchange Commission on July 16, 2021 (Registration No. 333-257941). |
(4) | The price of $3.289 per share, which is 85% of the average of the high and low sale prices of the Registrants Common Stock the Nasdaq Global Market on March 7, 2022, is set forth solely for purposes of calculating the registration fee pursuant to Rules 457(c) and (h) of the Securities Act. Pursuant to the 2019 ESPP, the purchase price of the shares of Common Stock reserved for issuance thereunder will be 85% of the fair market value of a share of Common Stock on the first trading day of the offering period or on the exercise date, whichever is less. |
(5) | Represents an automatic increase 239,075 shares of Common Stock to the number of shares available under the 2021 ESPP, effective January 1, 2022. Shares available for issuance under the 2021 ESPP were previously registered on a registration statement on Form S-8 filed with the Securities and Exchange Commission on July 16, 2021 (Registration No. 333-257941). |