acrx20170301_s8.htm

As filed with the Securities and Exchange Commission on March 6, 2017

Registration No. 333-            

 

 


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 


ACELRX PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

 


 

 

 

351 Galveston Drive

Redwood City, CA 94063

(650) 216-3500

 

 
Delaware      41-2193603

(State or other jurisdiction of

incorporation or organization)

 

(Address of principal executive offices,

including zip code)

 

(I.R.S. Employer Identification No.)

         

 

 

 

 

 

2011 Equity Incentive Plan

(Full titles of the plans)

 

 

 


 

 

 

 

 

 

 

 

Timothy E. Morris

Chief Financial Officer

AcelRx Pharmaceuticals, Inc.

351 Galveston Drive

Redwood City, CA 94063

(650) 216-3500

 

 

(Name, address, including zip code, and telephone number, including area code, of agent for service)

  


 

 

 

Copies to:

 

 

 

 

Mark B. Weeks

Cooley LLP

3175 Hanover Street

Palo Alto, California 94304

(650) 843-5000

Facsimile: (650) 849-7400

 

 

 

 


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

 

 

 

 

 

 

 

Large Accelerated filer

 

  

Accelerated filer

 

 

 

 

 

Non-accelerated filer

   ☐ (Do not check if a smaller reporting company)

Smaller reporting company

 

 


 

 
 

 

 

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

1,813,352 shares

$3.025

$5,485,390

$636 

 

(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 Registrant’s Common Stock that become issuable under the plan set forth herein by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of the Registrant’s Common Stock.

   

(2)

Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under the Securities Act. The offering price per share and the aggregate offering price are based upon the average of the high and low prices of the Registrant’s Common Stock as reported on the NASDAQ Global Market on March 1, 2017

 

 
 

 

 

EXPLANATORY NOTE

 

This Registration Statement on Form S-8 is being filed for the purpose of registering an additional 1,813,352 shares of the common stock of AcelRx Pharmaceuticals, Inc. (the “Registrant”) to be issued pursuant to the Registrant’s 2011 Equity Incentive Plan.

 

INCORPORATION BY REFERENCE OF CONTENTS OF REGISTRATION STATEMENT ON FORM S-8

 

The contents of the Registration Statements on Form S-8 (File Nos. 333-209998, 333-202709, 333-194634, 333-187206, 333-180334 and 333-172409) are incorporated by reference herein.

 

EXHIBITS

Exhibit

Number

  

Description

3.1

  

Amended and Restated Certificate of Incorporation of the Registrant.(1)

 

 

3.2

  

Amended and Restated Bylaws of the Registrant, currently in effect.(2)

 

 

4.1

  

Reference is made to Exhibits 3.1 and 3.2.

 

 

4.2

  

Specimen Common Stock Certificate of the Registrant.(3)

 

 

4.3

  

Second Amended and Restated Investor’s Rights Agreement, among the Registrant and certain of its security holders, dated as of November 23, 2009.(4)

 

 

4.4

  

Warrant to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P., dated as of December 16, 2013.(5)

 

 

4.5

  

Warrant to Purchase Common Stock of the Registrant, issued to Hercules Technology Growth Capital, Inc., dated as of December 16, 2013.(6)

 

 

4.6

  

Form of Warrant issued to certain purchasers pursuant to the Securities Purchase Agreement dated May 29, 2012, between the Registrant and the purchasers identified therein.(7)

   

4.7

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P. dated as of September 17, 2015. (8)

     

4.8

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology Growth Capital, Inc. dated as of September 17, 2015. (9)

   

4.9

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P. dated as of September 30, 2016. (10)

     

4.10

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Capital, Inc., formerly known as Hercules Technology Growth Capital, Inc., dated as of September 30, 2016. (11)

     

5.1

  

Opinion of Cooley LLP.

 

 

23.1

  

Consent of OUM & Co., LLP, Independent Registered Public Accounting Firm.

 

 

23.2

 

Consent of Ernst & Young, LLP, Independent Registered Public Accounting Firm.

     

23.3

  

Consent of Cooley LLP (included in Exhibit 5.1).

 

 

24.1

  

Power of Attorney. Reference is made to the signature page of this Form S-8.

 

 

99.1

  

2011 Equity Incentive Plan.(12)

 

 

99.2

  

Forms of Stock Option Grant Notice, Stock Option Exercise Notice and Stock Option Agreement under 2011 Equity Incentive Plan.(13)

 

 

99.3

  

Form of Restricted Stock Unit Award Agreement under 2011 Equity Incentive Plan.(14)

     

(1)

Incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-35068), as filed with the Commission on February 18, 2011.

(2)

Incorporated herein by reference to Exhibit 3.4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on January 7, 2011, as amended.

(3)

Incorporated herein by reference to Exhibit 4.2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on January 31, 2011, as amended.

(4)

Incorporated herein by reference to Exhibit 4.3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on November 12, 2010, as amended.

(5)

Incorporated herein by reference to Exhibit 4.5 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 17, 2014.

(6)

Incorporated herein by reference to Exhibit 4.6 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 17, 2014.

(7)

Incorporated herein by reference to Exhibit 4.8 to the Registrant’s Current Report on Form 8-K (File No. 001-35068), as filed with the Commission on May 30, 2012.

 

 
 

 

 

(8)

Incorporated herein by reference to Exhibit 4.7 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 3, 2015.

(9)

Incorporated herein by reference to Exhibit 4.8 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 3, 2015.

(10)

Incorporated herein by reference to Exhibit 4.9 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 2, 2016.

(11)

Incorporated herein by reference to Exhibit 4.10 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 2, 2016.

(12)

Incorporated herein by reference to Exhibit 99.3 to the Registrant’s Registration Statement on Form S-8 (File No. 333-172409), as filed with the Commission on February 24, 2011.

(13)

Incorporated herein by reference to Exhibit 10.5 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 30, 2011.

(14)

Incorporated herein by reference to Exhibit 10.6 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 30, 2011.

 

 
 

 

 

 

SIGNATURES

 

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 Redwood City, State of California, on this 2nd day of March, 2017.

 

 

 

 

ACELRX PHARMACEUTICALS, INC.

 

 

By:

 

/s/ HOWARD B. ROSEN

 

 

Howard B. Rosen

 

 

Chief Executive Officer

 

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints HOWARD B. ROSEN and TIMOTHY E. MORRIS, jointly and severally, as his true and lawful attorneys-in-fact and agent, with full power of substitution and resubstitution, 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 connection therewith, 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 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 by the following persons in the capacities and on the dates indicated.

 

 

Signature

  

Title

  

Date

 

 

 

/s/ HOWARD B. ROSEN

 

Chief Executive Officer and Director (Principal

 

March 2, 2017

HOWARD B. ROSEN   Executive Officer)    
         

 /s/ TIMOTHY E. MORRIS

  

Chief Financial Officer (Principal Financial and

  

March 2, 2017

TIMOTHY E. MORRIS   Accounting Officer)    
         

/s/ ADRIAN ADAMS

  

Chairman of the Board of Directors

  

March 2, 2017

ADRIAN ADAMS

  

 

  

 

 

 

 

/s/ PAMELA P. PALMER, M.D., PH.D.

  

Director

  

March 2, 2017

PAMELA P. PALMER, M.D., PH.D.

  

 

  

 

         

 /s/ MARK G. EDWARDS

  

Director

  

March 2, 2017

MARK G. EDWARDS

  

 

  

 

 

 

 

/s/ STEPHEN J. HOFFMAN, PH.D., M.D.

  

Director

  

March 2, 2017

STEPHEN J. HOFFMAN, PH.D., M.D.

  

 

  

 

 

 

 

/s/ RICHARD AFABLE, M.D.

  

Director

  

March 2, 2017

RICHARD AFABLE, M.D.

  

 

  

 

 

 

 

/s/ MARK WAN

  

Director

  

March 2, 2017

MARK WAN

  

 

  

 

 

 
 

 

 

EXHIBITS  

Exhibit

Number

  

Description

3.1

  

Amended and Restated Certificate of Incorporation of the Registrant.(1)

 

 

3.2

  

Amended and Restated Bylaws of the Registrant, currently in effect.(2)

 

 

4.1

  

Reference is made to Exhibits 3.1 and 3.2.

 

 

4.2

  

Specimen Common Stock Certificate of the Registrant.(3)

 

 

4.3

  

Second Amended and Restated Investor’s Rights Agreement, among the Registrant and certain of its security holders, dated as of November 23, 2009.(4)

 

 

4.4

  

Warrant to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P., dated as of December 16, 2013.(5)

 

 

4.5

  

Warrant to Purchase Common Stock of the Registrant, issued to Hercules Technology Growth Capital, Inc., dated as of December 16, 2013.(6)

 

 

4.6

  

Form of Warrant issued to certain purchasers pursuant to the Securities Purchase Agreement dated May 29, 2012, between the Registrant and the purchasers identified therein.(7)

   

4.7

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P. dated as of September 17, 2015. (8)

     

4.8

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology Growth Capital, Inc. dated as of September 17, 2015. (9)

   

4.9

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Technology II, L.P. dated as of September 30, 2016. (10)

     

4.10

 

Warrant Modification Agreement to Purchase Common Stock of the Registrant, issued to Hercules Capital, Inc., formerly known as Hercules Technology Growth Capital, Inc., dated as of September 30, 2016. (11)

     

5.1

  

Opinion of Cooley LLP.

 

 

23.1

  

Consent of OUM & Co., LLP, Independent Registered Public Accounting Firm.

 

 

23.2

 

Consent of Ernst & Young, LLP, Independent Registered Public Accounting Firm.

     

23.3

  

Consent of Cooley LLP (included in Exhibit 5.1).

 

 

24.1

  

Power of Attorney. Reference is made to the signature page of this Form S-8.

 

 

99.1

  

2011 Equity Incentive Plan.(12)

 

 

99.2

  

Forms of Stock Option Grant Notice, Stock Option Exercise Notice and Stock Option Agreement under 2011 Equity Incentive Plan.(13)

 

 

99.3

  

Form of Restricted Stock Unit Award Agreement under 2011 Equity Incentive Plan.(14)

     

(1)

Incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-35068), as filed with the Commission on February 18, 2011.

(2)

Incorporated herein by reference to Exhibit 3.4 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on January 7, 2011, as amended.

(3)

Incorporated herein by reference to Exhibit 4.2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on January 31, 2011, as amended.

(4)

Incorporated herein by reference to Exhibit 4.3 to the Registrant’s Registration Statement on Form S-1 (File No. 333-170594), as filed with the Commission on November 12, 2010, as amended.

(5)

Incorporated herein by reference to Exhibit 4.5 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 17, 2014.

(6)

Incorporated herein by reference to Exhibit 4.6 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 17, 2014.

(7)

Incorporated herein by reference to Exhibit 4.8 to the Registrant’s Current Report on Form 8-K (File No. 001-35068), as filed with the Commission on May 30, 2012.

(8)

Incorporated herein by reference to Exhibit 4.7 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 3, 2015.

(9)

Incorporated herein by reference to Exhibit 4.8 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 3, 2015.

(10)

Incorporated herein by reference to Exhibit 4.9 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 2, 2016.

(11)

Incorporated herein by reference to Exhibit 4.10 to the Registrant’s Quarterly Report on Form 10-Q (File No. 001-35068), as filed with the Commission on November 2, 2016.

(12)

Incorporated herein by reference to Exhibit 99.3 to the Registrant’s Registration Statement on Form S-8 (File No. 333-172409), as filed with the Commission on February 24, 2011.

(13)

Incorporated herein by reference to Exhibit 10.5 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 30, 2011.

(14)

Incorporated herein by reference to Exhibit 10.6 to the Registrant’s Annual Report on Form 10-K (File No. 001-35068), as filed with the Commission on March 30, 2011.