As filed with the Securities and Exchange Commission on December 20, 2019
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
AKOUSTIS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 33-1229046 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
9805 Northcross Center Court, Suite A Huntersville, NC |
28078 | |
(Address of principal executive offices) | (Zip Code) |
AKOUSTIS TECHNOLOGIES, INC. 2018 STOCK INCENTIVE PLAN
(Full title of the plan)
Jeffrey B. Shealy
Chief Executive Officer
Akoustis Technologies, Inc.
9805 Northcross Center Court, Suite A
Huntersville, NC 28078
(Name and address of agent for service)
(704) 997-5735
(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 þ |
Non-accelerated filer ☐ | Smaller reporting company þ |
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 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, to be issued under the Company’s 2018 Stock Incentive Plan | 3,000,000 | (3) | $ | 8.02 | $ | 24,060,000 | $ | 3,123 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers such indeterminate number of additional shares of Common Stock as is necessary to eliminate any dilutive effect of any future stock split, stock dividend or similar transaction. |
(2) | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and 457(h) of the Securities Act and based on the average of the high and low prices for the Company’s Common Stock on December 16, 2019, as reported on The Nasdaq Capital Market. |
(3) | Represents an increase to the authorized number of shares of Common Stock as to which equity compensation may be granted under the 2018 Stock Incentive Plan, as amended, approved by the Company’s stockholders. |
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by Akoustis Technologies, Inc. (the “Company” or “Registrant”) to register an additional 3,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for offer and sale under the Akoustis Technologies, Inc. 2018 Stock Incentive Plan, as amended (the “Plan”), pursuant to an amendment to the Plan approved by the Company’s stockholders on November 4, 2019 (the “Plan Amendment”). After taking into account the shares added by the Plan Amendment, the aggregate number of shares of Common Stock that may be issued under the Plan is 6,000,000, which includes 3,000,000 shares of Common Stock previously registered under the Registration Statement on Form S-8, File No. 333-228451, filed with the Securities and Exchange Commission (the “SEC”) on November 16, 2018 (the “Prior Registration Statement”), plus any shares subject to any award granted under the Company’s previous compensation plans that are forfeited, cancelled, terminated expire or lapse for any reason without the issuance of shares or pursuant to which such shares are reacquired by the Company.
In accordance with Instruction E of Form S-8, the content of the Prior Registration Statement is incorporated herein by reference and made a part of this Registration Statement on Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents have been filed by the Company with the SEC and are incorporated herein by reference:
● | Annual Report on Form 10-K for the fiscal year ended June 30, 2019, filed with the SEC on September 13, 2019; |
● | Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, filed with the SEC on November 7, 2019; |
● | Current Reports on Form 8-K, filed with the SEC on October 29, 2019, November 6, 2019 and December 16, 2019; and |
● | The description of the Company’s Common Stock contained in the Company’s Registration Statement on Form 8-A, originally filed with the SEC pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on March 10, 2017 (File No. 001-38029), including any further amendment or report filed hereafter for the purpose of updating such description. |
All reports and other documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date hereof, and 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. The Company is not incorporating by reference any reports or documents or portions thereof that are not considered to be “filed” with the SEC.
Any statement contained herein or in a document incorporated or deemed to be incorporated herein by reference 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 herein by reference 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.
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Item 8. | Exhibits. |
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Company 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 Huntersville, State of North Carolina, on December 20, 2019.
AKOUSTIS TECHNOLOGIES, INC. | ||
By: | /s/ Jeffrey B. Shealy | |
Jeffrey B. Shealy | ||
President and Chief Executive Officer |
Each person whose signature appears below constitutes and appoints Jeffrey B. Shealy and Kenneth E. Boller, and each of them, his true and lawful attorney-in-fact and agent, each with full power of substitution and resubstitution, severally, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, 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 and necessary to be done in 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 their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This power of attorney may be executed in counterparts.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities indicated, in each case on December 20, 2019:
Signature | Title | |
/s/ Jeffrey B. Shealy | President and Chief Executive Officer | |
Jeffrey B. Shealy | (Principal Executive Officer), Director | |
/s/ Kenneth E. Boller | Interim Chief Financial Officer | |
Kenneth E. Boller | (Principal Financial Officer and Accounting Officer) | |
/s/ Arthur E. Geiss | Co-Chairman of the Board | |
Arthur E. Geiss | ||
/s/ Jerry D. Neal | Co-Chairman of the Board | |
Jerry D. Neal | ||
/s/ Steven P. DenBaars | Director | |
Steven P. DenBaars | ||
/s/ Jeffrey K. McMahon | Director | |
Jeffrey K. McMahon | ||
/s/ Suzanne B. Rudy | Director | |
Suzanne B. Rudy |
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