Celcuity Inc. — Capital/Financing Update 2024

May 20, 2024

S-8 1 forms-8.htm

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM S-8

REGISTRATION STATEMENT

Under the Securities Act of 1933

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CELCUITY INC.

(Exact Name of Registrant as Specified in its Charter)

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| Delaware | 82-
2863566 |
| --- | --- |
| (State
or Other Jurisdiction of Incorporation
or Organization) | (I.R.S.
Employer Identification
Number) |

16305 36th Avenue North; Suite 100 Minneapolis, Minnesota 55446

(Address of Principal Executive Offices and Zip Code)

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Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan

Celcuity Inc. 2017 Employee Stock Purchase Plan

(Full Titles of the Plans)

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| Brian F. Sullivan | Copies
to: |
| --- | --- |
| Chief Executive Officer | Eric O. Madson |
| 16305 36th Avenue N., Suite 100 | Fredrikson & Byron, P.A. |
| Minneapolis, MN 55446 | 60 South Sixth Street,
Suite 1500 |
| (763) 392-0767 | Minneapolis, MN 55402 |
| (Name, Address and Telephone Number, Including Area Code, of Agent for Service) | Fax: (612) 492-7077 |

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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.

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| 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. ☐

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STATEMENT OF INCORPORATION BY REFERENCE

The purpose of this Registration Statement is to register (i) 1,755,060 additional shares of the registrant’s common stock, par value $0.001 per share (the “Common Stock”), reserved for issuance under the Registrant’s Amended and Restated 2017 Stock Incentive Plan, and (ii) 127,530 additional shares of Common Stock reserved for issuance under the Registrant’s 2017 Employee Stock Purchase Plan. This Registration Statement is submitted in accordance with General Instruction E to Form S-8 regarding registration of additional securities, and pursuant to such instruction, the contents of the Registration Statement on Form S-8 (File Nos. 333-221117, 333-238787, 333-253940, 333-256500, 333-265328, 333-270238 and 333-271976) are incorporated herein by reference, except for Item 8, Exhibits.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 8. Exhibits.

| Exhibit
No. | Description |
| --- | --- |
| 5.1 | Opinion of Fredrikson & Byron, P.A. |
| 23.1 | Consent of Boulay PLLP |
| 23.2 | Consent of Fredrikson & Bryon, P.A. (included in Exhibit 5.1) |
| 24.1 | Power of Attorney (included on signature page hereof) |
| 99.1 | Celcuity Inc. 2017 Employee Stock Purchase Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant’s Registration Statement on Form S-1 filed on September 12, 2017 (File No. 333-220128)) |
| 99.2 | Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on May 15, 2020) |
| 99.3 | Amendment to the Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on May 12, 2023) |
| 99.4 | Amendment to the Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on May 13, 2024) |
| 107 | Filing Fee Table |

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SIGNATURES

Pursuant to the requirements of the Securities Act, 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 Minneapolis, State of Minnesota, on May 20, 2024.

CELCUITY INC.
By:	/s/
Brian F. Sullivan
	Brian F. Sullivan Chief Executive Officer

POWER OF ATTORNEY

The undersigned directors and officers of Celcuity Inc. hereby severally constitute and appoint Brian F. Sullivan and Vicky Hahne as attorneys-in-fact for the undersigned, each of them singly, with full and several power of substitution for, and in the name, place and stead of the undersigned, to sign and file with the Securities and Exchange Commission under the Securities Act, any and all amendments (including post-effective amendments) and exhibits to this registration statement on Form S-8 (or any other registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act) and any and all applications and other documents to be filed with the Securities and Exchange Commission pertaining to the registration of the securities covered hereby, with full power and authority to do and perform any and all acts and things whatsoever requisite and necessary or desirable, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or 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 in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Brian F. Sullivan	Chief Executive Officer (Principal Executive Officer),	May 20, 2024
Brian F. Sullivan	Director and Chairman
/s/ Vicky Hahne	Chief Financial Officer (Principal Financial and	May 20, 2024
Vicky Hahne	Accounting Officer)
/s/ Lance G. Laing	Chief Science Officer, Vice President and Secretary,	May 20, 2024
Lance G. Laing	and Director
/s/ Richard E. Buller	Director	May 20, 2024
Richard E. Buller
/s/ David F. Dalvey	Director	May 20, 2024
David F. Dalvey
/s/ Leo T. Furcht	Director	May 20, 2024
Leo T. Furcht
/s/ Polly A. Murphy	Director	May 20, 2024
Polly A. Murphy
/s/ Richard J. Nigon	Director	May 20, 2024
Richard J. Nigon

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