As filed with the Securities and Exchange Commission on March 14, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Cytek Biosciences, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 47-2547526 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
47215 Lakeview Boulevard
Fremont, California 94538
(877) 922-9835
(Address of Principal Executive Offices) (Zip Code)
Cytek Biosciences, Inc. 2021 Equity Incentive Plan
Cytek Biosciences, Inc. 2021 Employee Stock Purchase Plan
(Full title of the plans)
Wenbin Jiang, Ph.D.
President and Chief Executive Officer
Cytek Biosciences, Inc.
47215 Lakeview Boulevard
Fremont, California 94538
(877) 922-9835
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Please send copies of all communications to:
Gordon K. Ho Cooley LLP 3175 Hanover Street Palo Alto, California 94304 (650) 843-5000 (206) 452-8753 |
Valerie Barnett Chief Legal Officer Cytek Biosciences, Inc. 47215 Lakeview Boulevard Fremont, California 94538 (877) 922-9835 |
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. ☐
REGISTRATION OF ADDITIONAL SHARES
PURSUANT TO GENERAL INSTRUCTION E
Pursuant to General Instruction E of Form S-8, the Registrant is filing this Registration Statement with the Securities and Exchange Commission (the Commission) to register 5,228,596 additional shares of common stock under the Registrants 2021 Equity Incentive Plan and 1,307,149 additional shares of common stock under the Registrants 2021 Employee Stock Purchase Plan pursuant to the provisions of those plans providing for an automatic increase in the number of shares reserved for issuance under such plans. This Registration Statement hereby incorporates by reference the contents of the Registrants registration statement on Form S-8 filed with the Commission on March 2, 2023 (Registration No. 333-270200), March 17, 2022 (Registration No. 333-263661) and July 23, 2021 (Registration No. 333-258153).
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by Registrant with the Commission are incorporated by reference into this Registration Statement:
(a) The Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Commission on March 13, 2024; and
(b) The description of the Registrants Common Stock contained in the registration statement on Form 8-A registering the Registrants Common Stock under Section 12 of the Exchange Act filed with the Commission on July 19, 2021, including any amendments or reports filed for purposes of updating such description.
All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein 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 subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
ITEM 8. EXHIBITS.
The following exhibits are filed herewith:
Incorporated by Reference | ||||||||||||||||||||||
Exhibit Number |
Exhibit Description |
Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||
4.1 | Amended and Restated Certificate of Incorporation of Cytek Biosciences, Inc. | 8-K | 001-40632 | 3.1 | 7/27/2021 | |||||||||||||||||
4.2 | Amended and Restated Bylaws of Cytek Biosciences, Inc. | 8-K | 001-40632 | 3.2 | 7/27/2021 |
II-2
II-3
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 Fremont, State of California, on March 14, 2024.
CYTEK BIOSCIENCES, INC. |
/s/ Wenbin Jiang, Ph.D. |
Wenbin Jiang, Ph.D. |
President, Chief Executive Officer and Director |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Wenbin Jiang, Patrik Jeanmonod and Valerie Barnett, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her, in any and all capacities, to sign any and all amendments to this Registration Statement (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 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 for 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 his or her substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated:
Name |
Title |
Date | ||
/s/ Wenbin Jiang, Ph.D. Wenbin Jiang, Ph.D. |
President, Chief Executive Officer and Director (Principal Executive Officer) |
March 14, 2024 | ||
/s/ Patrik Jeanmonod Patrik Jeanmonod |
Chief Financial Officer (Principal Financial and Accounting Officer) |
March 14, 2024 | ||
/s/ Ming Yan, Ph.D. Ming Yan, Ph.D. |
Chief Technology Officer and Director | March 14, 2024 | ||
/s/ Jack Ball Jack Ball |
Director | March 14, 2024 | ||
/s/ Don Hardison Don Hardison |
Director | March 14, 2024 | ||
/s/ Deborah Neff Deborah Neff |
Director | March 14, 2024 | ||
/s/ Gisele Dion Gisele Dion |
Director | March 14, 2024 | ||
/s/ Vera Imper, Ph.D. Vera Imper, Ph.D. |
Director | March 14, 2024 |
II-4
Exhibit 5.1
Gordon K. Ho
T: +1 650 843 5190
gho@cooley.com
March 14, 2024
Cytek Biosciences, Inc.
47215 Lakeview Boulevard
Fremont, California 94538
Ladies and Gentlemen:
We have acted as counsel to Cytek Biosciences, Inc., a Delaware corporation (the Company), in connection with the filing by the Company of a Registration Statement on Form S-8 (the Registration Statement) with the Securities and Exchange Commission (the Commission), covering the offering of up to 6,535,745 shares (the Shares) of the Companys Common Stock, par value $0.001 per share (the Common Stock), including (i) 5,228,596 shares of Common Stock issuable pursuant to the Companys 2021 Equity Incentive Plan (the 2021 EIP) and (ii) 1,307,149 shares of Common Stock issuable pursuant to the Companys 2021 Employee Stock Purchase Plan (together with the 2021 EIP, the Plans).
In connection with this opinion, we have examined and relied upon (a) the Registration Statement and the related prospectuses, (b) the Companys certificate of incorporation, and bylaws, each as currently in effect, (c) the Plans and (d) such other records, documents, opinions, certificates, memoranda and instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, 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 in accordance with the Plans, the Registration Statement and the related prospectuses, will be validly issued, fully paid, and nonassessable (except as to Shares issued pursuant to deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).
This opinion is limited to the matters expressly set forth in this letter, and no opinion should be implied, or may be inferred, beyond the matters expressly stated. This opinion speaks only as to law and facts in effect or existing as of the date hereof and we have no obligation or responsibility to update or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that may hereafter occur.
Cooley LLP 3175 Hanover Street Palo Alto, CA 94304-1130
t: +1 650 843 5000 f: +1 650 849 7400 cooley.com
Cytek Biosciences, Inc.
March 14, 2024
Page Two
We consent to the filing of this opinion 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 of 1933, as amended, or the rules and regulations of the Commission thereunder.
Sincerely, | ||
Cooley LLP | ||
By: | /s/ Gordon K. Ho | |
Gordon K. Ho |
Cooley LLP 3175 Hanover Street Palo Alto, CA 94304-1130
t: +1 650 843 5000 f: +1 650 849 7400 cooley.com
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated March 13, 2024 relating to the financial statements of Cytek Biosciences, Inc. (the Company) and the effectiveness of the Companys internal control over financial reporting, appearing in the Annual Report on Form 10-K of the Company for the year ended December 31, 2023.
/s/ Deloitte & Touche LLP
San Jose, California
March 14, 2024
Exhibit 107
Calculation of Filing Fee Table
Form S-8
(Form Type)
Cytek Biosciences, 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 Offering |
Maximum Offering |
Fee Rate |
Amount of Registration Fee | |||||||
Equity | Common Stock, par value $0.001 per share, Cytek Biosciences, Inc. 2021 Equity Incentive Plan | Other(2) | 5,228,596(4) | $6.77(2) | $35,397,594.92 | $0.00014760 | $5,224.69 | |||||||
Equity | Common Stock, par value $0.001 per share, Cytek Biosciences, Inc. 2021 Employee Stock Purchase Plan | Other(3) | 1,307,149(5) | $5.76(3) | $7,529,178.24 | $0.00014760 | $1,111.31 | |||||||
Total Offering Amount | $42,926,773.16 | $6,336.00 | ||||||||||||
Total Fees Previously Paid | $ | |||||||||||||
Total Fee Offsets | $ | |||||||||||||
Net Fee Due | $6,336.00 |
(1) | Pursuant to Rule 416(a) promulgated under the Securities Act of 1933, as amended (the Securities Act), this Registration Statement shall also cover any additional shares of the Registrants common stock that become issuable under the Registrants 2021 Equity Incentive Plan (the 2021 Plan) and the Registrants 2021 Employee Stock Purchase Plan (the 2021 ESPP) by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected that results in an increase to the number of outstanding shares of the Registrants common stock, as applicable. |
(2) | Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of the average of the high and low prices of the Registrants common stock as reported on the Nasdaq Global Select Market on March 13, 2024. |
(3) | Estimated in accordance with Rule 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of the average of the high and low prices of the Registrants common stock as reported on the Nasdaq Global Select Market on March 13, 2024, multiplied by 85%, which is the percentage of the price per share applicable to purchases under the 2021 ESPP. |
(4) | Represents 5,228,596 additional shares of the Registrants common stock that were automatically added to the shares authorized for issuance under the Registrants 2021 Plan on January 1, 2024, pursuant to an annual evergreen increase provision contained in the 2021 Plan. |
(5) | Represents 1,307,149 additional shares of the Registrants common stock that were automatically added to the shares authorized for issuance under the Registrants 2021 ESPP on January 1, 2024, pursuant to an annual evergreen increase provision contained in the 2021 ESPP. |