As filed with the Securities and Exchange Commission on June 11, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
VAXCYTE, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 2836 | 46-4233385 | ||
(State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
353 Hatch Drive
Foster City, California 94404
(650) 837-0111
(Address, including zip code, and telephone number, including area code, of Registrants principal executive offices)
Grant E. Pickering
President and Chief Executive Officer
Vaxcyte, Inc.
353 Hatch Drive
Foster City, California 94404
(650) 837-0111
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Robert W. Phillips Charles S. Kim Cooley LLP 101 California Street, 5th Floor San Francisco, California 94111 (415) 693-2000 |
Jane Wright-Mitchell Vaxcyte, Inc. 353 Hatch Drive Foster City, California 94404 (650) 837-0111 |
Peter N. Handrinos Brian J. Cuneo Miles P. Jennings Latham & Watkins LLP 140 Scott Drive Menlo Park, California 94025 Phone: (650) 328-4600 |
Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ (333-238630)
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
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. (Check one):
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 Each Class of Securities to be Registered |
Amount to Be Registered(1) |
Proposed Maximum Per Share |
Proposed Maximum |
Amount of Registration Fee(3) | ||||
Common Stock, $0.001 par value per share (2)(3) |
1,868,750 | $16.00 | $29,900,000 | $3,881.02 | ||||
| ||||||||
|
(1) | Represents only the additional number of shares being registered and includes an additional 243,750 shares of common stock issuable upon exercise of the underwriters option to purchase additional shares. Does not include the securities that the Registrant previously registered on the Registration Statement on Form S-1 (File No. 333-238630). |
(2) | The registration fee is calculated in accordance with Rule 457(a) under the Securities Act of 1933, as amended, based on the proposed maximum aggregate offering price. |
(3) | The registrant previously registered 16,100,000 shares of its common stock with an aggregate offering price not to exceed $257,600,000 on a Registration Statement on Form S-1 (File No. 333-238630), which was declared effective by the Securities and Exchange Commission on June 11, 2020. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a proposed maximum aggregate offering price of $29,900,000 are hereby registered, which includes shares issuable upon the exercise of the underwriters option to purchase additional shares. |
This Registration Statement shall become effective upon filing in accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended.
EXPLANATORY NOTE AND
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
This Registration Statement on Form S-1 (this Registration Statement) is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, for the sole purpose of increasing the aggregate number of shares of common stock offered by Vaxcyte, Inc. (the Registrant) by 1,868,750 shares, 243,750 of which are subject to purchase upon exercise of the underwriters option to purchase additional shares of the Registrants common stock. The additional securities that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Registration Statement on Form S-1, as amended (File No. 333-238630) (the Prior Registration Statement). The information set forth in the Prior Registration Statement and all exhibits thereto are hereby incorporated by reference in this filing.
The required opinion and consents are listed on an Exhibit Index attached hereto and filed herewith.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Foster City, State of California, on June 11, 2020.
VAXCYTE, INC. | ||
By: | /s/ Grant E. Pickering | |
Grant E. Pickering | ||
President and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date | ||
/s/ Grant E. Pickering | President, Chief Executive Officer and Director | June 11, 2020 | ||
Grant E. Pickering | (Principal Executive Officer) | |||
/s/ Andrew Guggenhime | Chief Financial Officer and Chief Business Officer | June 11, 2020 | ||
Andrew Guggenhime | (Principal Financial and Accounting Officer) | |||
* | Director | June 11, 2020 | ||
Moncef Slaoui, Ph.D. | ||||
* | Director | June 11, 2020 | ||
Kurt von Emster | ||||
* | Director | June 11, 2020 | ||
Halley Gilbert | ||||
* | Director | June 11, 2020 | ||
Patrick Heron | ||||
* | Director | June 11, 2020 | ||
Peter Hirth, Ph.D. | ||||
* | Director | June 11, 2020 | ||
Rob Hopfner, Ph.D. | ||||
* | Director | June 11, 2020 | ||
Heath Lukatch, Ph.D. | ||||
* | Director | June 11, 2020 | ||
William J. Newell |
* Pursuant to Power of Attorney
By: | /s/ Grant E. Pickering | |
Grant E. Pickering | ||
Attorney-in-Fact |
Exhibit 5.1
Robert W. Phillips T: +1 415 693 2020 rphillips@cooley.com |
June 11, 2020
Vaxcyte, Inc.
353 Hatch Drive
Foster City, California 94404
Ladies and Gentlemen:
We have acted as counsel to Vaxcyte, Inc., a Delaware corporation (the Company), in connection with the filing by the Company of a Registration Statement on Form S-1 (the Registration Statement) with the Securities and Exchange Commission pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, covering an underwritten public offering of up to 1,868,750 shares of the Companys common stock, par value $0.001 (the Shares). The Registration Statement incorporates by reference the registration statement on Form S-1 (No. 333-238630), which was declared effective on June 11, 2020 (the Prior Registration Statement), including the prospectus which forms a part of the Prior Registration Statement (the Prospectus).
In connection with this opinion, we have examined and relied upon (a) the Registration Statement and the Prospectus, (b) the Companys Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, each as currently in effect, (c) the forms of the Companys Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws filed as Exhibits 3.3 and 3.4, to the Registration Statement, respectively, each of which is to be in effect upon the closing of the offering contemplated by the Registration Statement and (d) originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies thereof, the accuracy, completeness and authenticity of certificates of public officials and the due authorization, execution and delivery of all documents by all persons other than the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not independently verified such matters.
Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued against payment therefor as described in the Registration Statement and the Prospectus, will be validly issued, fully paid and non-assessable.
Cooley LLP 101 California Street 5th Floor San Francisco, CA 94111-5800
t: (415) 693-2000 f: (415) 693-2222 cooley.com
Vaxcyte, Inc. June 11, 2020 Page Two |
We consent to the reference to our firm under the caption Legal Matters in the Prospectus included in the Prior Registration Statement and to the filing of this opinion as an exhibit to the Registration Statement.
Sincerely,
Cooley LLP
By: | /s/ Robert W. Phillips | |
Robert W. Phillips |
Cooley LLP 101 California Street 5th Floor San Francisco, CA 94111-5800
t: (415) 693-2000 f: (415) 693-2222 cooley.com
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-1 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, of our report dated March 13, 2020 (June 8, 2020, as to the effects of the reverse stock split discussed in Note 16), relating to the financial statements of Vaxcyte, Inc. included in the Registration Statement No. 333-238630 on Form S-1 of Vaxcyte, Inc. We also consent to the reference to us under the heading Experts in such Registration Statement.
/s/ Deloitte & Touche LLP
San Francisco, California
June 11, 2020