As filed with the Securities and Exchange Commission on May 13, 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
MEDICINOVA, INC.
(Exact name of registrant as specified in its charter)
Delaware | 33-0927979 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
4275 Executive Square, Suite 300
La Jolla, California 92037
(Address of Principal Executive Offices)(Zip Code)
MEDICINOVA, INC. 2013 EQUITY INCENTIVE PLAN
(Full title of the plan)
Yuichi Iwaki, M.D., Ph.D. President and Chief Executive Officer 4275 Executive Square, Suite 300 La Jolla, California 92037 (858) 373-1500 |
Kirt W Shuldberg, Esq. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP 3570 Carmel Mountain Rd., Suite 200 San Diego, California 92130 Tel: (858) 436-8000 | |
(Name, address, telephone number, including area code, of agent for service) |
(Copy to) |
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 (Do not check if a smaller reporting company) | ☒ | 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. ☐
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The information specified in this Part I is omitted from this Registration Statement on Form S-8 (the Registration Statement) in accordance with Rule 428 under the Securities Act of 1933, as amended (Securities Act). In accordance with the rules and regulations of the Securities and Exchange Commission (the SEC) and the instructions to Form S-8, such documents are not being filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. | Incorporation of Documents by Reference. |
MediciNova, Inc. (the Registrant) hereby incorporates by reference into this Registration Statement the following documents previously filed with the SEC:
(a) | the Registrants Annual Report on Form 10-K filed with the SEC for the fiscal year ended December 31, 2021; |
(b) | the Registrants quarterly report on Form 10-Q filed with the SEC for the quarter ended March 31, 2022; and |
(c) | the description of the Registrants Common Stock contained in the Registrants Registration Statement on Form 8-A filed with the SEC on January 26, 2005. |
All documents subsequently filed by the Registrant with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part of this Registration Statement from the date of filing of such documents. The Registrant is not, however, incorporating any documents or information that the Registrant is deemed to furnish and not file in accordance with SEC rules.
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 General Corporation Law of the State of Delaware (the DGCL) provides for the indemnification of officers, directors, and other corporate agents in terms sufficiently broad to indemnify such persons under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the Securities Act. Article VIII of the Registrants restated certificate of incorporation, as amended (Exhibit 3.1 to the Registrants Quarterly Report on Form 10-Q (File No. 001-33185) filed on August 9, 2012), and Article 6 of the Registrants amended and restated bylaws (Exhibit 3.1 to the Registrants Current Report on Form 8-K (File No. 333-119433) filed April 25, 2019) provide for indemnification of the Registrants directors, officers, employees and other agents to the extent and under the circumstances permitted by the DGCL. The Registrant has also entered into agreements with its directors and officers that will require the Registrant, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors or officers to the fullest extent not prohibited by law.
See also the undertakings set out in response to Item 17 herein.
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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 SEC 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; and
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(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 the Registration Statement; provided, however, that paragraphs (l)(i) and (l)(ii) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or Section 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 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 indemnification provisions summarized in Item 6 or otherwise, the Registrant has been advised that, in the opinion of the SEC, 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. |
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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 La Jolla, State of California, on May 13, 2022.
MEDICINOVA, INC. | ||
By: | /s/ Yuichi Iwaki, M.D., Ph.D | |
Yuichi Iwaki, M.D., Ph.D | ||
President and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Yuichi Iwaki, M.D., Ph.D. and Douglas Paulin, and each of them, his or her true and lawful attorney-in-fact and agent, with full power of substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, 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 connection therewith, as fully to all intents and purposes as he or she 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 substitutes or substitute, 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 has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature |
Title |
Date | ||
/s/ Yuichi Iwaki, M.D., Ph.D |
President, Chief Executive Officer and Director (Principal Executive Officer) | May 13, 2022 | ||
Yuichi Iwaki, M.D., Ph.D. |
||||
/s/ Douglas Paulin |
Chief Financial Officer (Principal Financial and Accounting Officer) | May 13, 2022 | ||
Douglas Paulin |
||||
/s/ Jeff Himawan, Ph.D |
Chairman of the Board of Directors | May 13, 2022 | ||
Jeff Himawan, Ph.D. |
||||
/s/ Carolyn Beaver |
Director | May 13, 2022 | ||
Carolyn Beaver |
||||
/s/ Kazuko Matsuda, M.D., Ph.D |
Director | May 13, 2022 | ||
Kazuko Matsuda, M.D., Ph.D. |
||||
/s/ Hideki Nagao |
Director | May 13, 2022 | ||
Hideki Nagao |
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Exhibit 5.1
May 13, 2022
MediciNova, Inc.
4275 Executive Square, Suite 300
La Jolla, California 92037
Re: | Registration Statement on Form S-8 |
Relating to 1,500,000 Shares of Common Stock
Ladies and Gentlemen:
We have acted as counsel to MediciNova, Inc., a Delaware corporation (the Company), in connection with the preparation and filing with the Securities and Exchange Commission of the Companys Registration Statement on Form S-8 (the Registration Statement), under the Securities Act of 1933, as amended (the Securities Act), relating to the registration of up to 1,500,000 shares (the Shares) of Common Stock, par value $0.001 per share, (the Common Stock) of the Company issuable under the MediciNova, Inc. 2013 Equity Incentive Plan (the Plan).
We have examined all instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies. We express no opinion concerning any law other than the corporation laws of the State of Delaware and the federal law of the United States. As to matters of Delaware corporation law, we have based our opinion solely upon our examination of such laws and the rules and regulations of the authorities administering such laws, all as reported in standard, unofficial compilations. We have not obtained opinions of counsel licensed to practice in jurisdictions other than the State of California.
Based on such examination, we are of the opinion that the 1,500,000 Shares which may be issued upon exercise of options and rights granted under the Plan by the Company are duly authorized Shares, and, when issued against receipt of the consideration therefore in accordance with the provisions of the Plan will be validly issued, fully paid and nonassessable. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and the use of our name wherever it appears in said Registration Statement.
Very truly yours,
/s/ Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
GUNDERSON DETTMER STOUGH VILLENEUVE FRANKLIN & HACHIGIAN, LLP
EXHIBIT 23.2
Consent of Independent Registered Public Accounting Firm
MediciNova, Inc.
San Diego, California
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 16, 2022, relating to the consolidated financial statements of MediciNova, Inc. (the Company), appearing in the Companys Annual Report on Form 10-K for the year ended December 31, 2021.
/s/ BDO USA, LLP
San Diego, California
May 13, 2022
Exhibit 107
Calculation of Filing Fee Tables
Form S-8
(Form Type)
MediciNova, Inc.
(Exact name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type |
Security Class Title |
Fee |
Amount Registered(1) |
Proposed Maximum Offering Price Per Share |
Maximum Aggregate Offering Price |
Fee Rate | Amount of Registration Fee(3) |
|||||||||||||||||
Equity |
Common Stock, par value $0.001 per share | Rule 457(h) Rule 457(c) |
1,500,000 | $ | 2.37 | (2) | $ | 3,555,000.00 | 0.0000927 | $ | 329.55 | |||||||||||||
Total Offering Amounts |
|
$ | 3,555,000.00 | $ | 329.55 | |||||||||||||||||||
Total Fee Offsets |
|
| ||||||||||||||||||||||
Net Fee Due |
|
$ | 329.55 |
(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement also covers an indeterminate number of shares of Common Stock that may be offered or issued pursuant to the anti-dilution provisions of the MediciNova, Inc. 2013 Equity Incentive Plan (the Plan). |
(2) | Calculated solely for purposes of this offering under Rule 457(h) of the Securities Act on the basis of the average of the high and low price per share of the Registrants Common Stock as reported on the Nasdaq Global Market on May 10, 2022. |
(3) | The Registrant does not have any fee offsets. |