S-8 1 s001331x20_s8.htm S-8
As filed with the Securities and Exchange Commission on March 13, 2017

Registration No. 333-214610

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 


FORM S-8

REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933


 
BeyondSpring Inc.
(Exact name of registrant as specified in charter)


Cayman Islands
(State or other jurisdiction of incorporation or organization)
Not Applicable
(I.R.S. Employer
Identification No.)
   
BeyondSpring Inc.
28 Liberty Street, 39th Floor
New York, New York
(Address of principal executive offices)
10005
(Zip Code)

BeyondSpring Inc. 2017 Omnibus Incentive Plan
(Full Title of the Plan)

Richard Brand
28 Liberty Street, 39th Floor
New York, New York
+1 (646) 305-6387
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

Copies of communications to:

Stacy J. Kanter, Esq.
Andrea L. Nicolas, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
4 Times Square
New York, New York 10036
Tel: +1 (212) 735-3000
Fax: +1 (212) 735-2000

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
Proposed maximum
aggregate offering
price (2)
Amount of
registration fee (3)
Ordinary Shares, par value $0.0001 per share
2,137,037
$18.51
$39,556,554.87
$4,584.61
(1)
This Registration Statement on Form S-8 covers the following Ordinary Shares of BeyondSpring Inc. (the “Registrant”):
 
(i) 2,137,037 ordinary shares that may be issued under the Registrant’s 2017 Omnibus Incentive Plan, as amended (the “2017 Plan”) and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), an indeterminate number of additional shares that may become issuable under the terms of the 2017 Plan by reason of any share split, share dividend, recapitalization or other similar transaction effected without the Registrant’s receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant’s ordinary shares.
 
(2)
Calculated, solely for the purpose of determining the registration fee, pursuant to Rule 457(h) and (c) on the basis of the average of the high and low prices ($19.75 and $17.26) of the Registrant’s ordinary shares as quoted on the Nasdaq Capital Market on March 10, 2017.
 
(3)
Previously paid in connection with the filing of the Registration Statement on Form F-1 (File No. 333-214610).
 

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.
Plan Information*

Item 2.
Registrant Information and Employee Plan Annual Information*
 


* The documents containing the information specified in this Part I of Form S-8 (plan information and registration information and employee plan annual information) will be sent or given to participants in the 2017 Plan as specified by the Securities and Exchange Commission (the “Commission”) pursuant to Rule 428(b)(1) of the Securities Act. Such documents are not required to be and are not filed with the Commission either as part of this registration statement (this “Registration Statement”) or as prospectuses or prospectus supplements pursuant to Rule 424. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act. The Registrant will provide a written statement to participants advising them of the availability without charge, upon written or oral request, of the documents incorporated by reference in Item 3 of Part II hereof and including the statement in the preceding sentence. The written statement to all participants will indicate the availability without charge, upon written or oral request, of other documents required to be delivered pursuant to Rule 428(b), and will include the address and telephone number to which the request is to be directed.
 
3


PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.
Incorporation of Documents by Reference

The following documents filed by BeyondSpring Inc. (the “Registrant”) are incorporated herein by reference:

(i)
the Registrant’s final prospectus filed on March 9, 2017 pursuant to Rule 424(b)(4) under the Securities Act in connection with the Registrant’s Registration Statement on Form F-1 (File No. 333- 214610); and

(ii)
the description of the Registrant’s Ordinary Shares contained in Item 1 of the Registration Statement on Form 8-A (File No. 001-38024) filed with the Commission on March 6, 2017.

In addition to the foregoing, all documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), prior to the filing of a post-effective amendment indicating that all securities offered hereby have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement contained herein or in a document all or a portion of which is 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 other subsequently filed document which also is or 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 4.
Description of Securities.

Not applicable.

Item 5.
Interests of Named Experts and Counsel

Not applicable.

Item 6.
Indemnification of Directors and Officers

Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. The post-offering amended and restated memorandum and articles of association of the Registrant will require us to indemnify our officers and directors for losses, damages, costs and expenses incurred in their capacities as such unless such losses or damages arise from dishonesty, willful default or fraud of such directors or officers. This standard of conduct is generally the same as permitted under the Delaware General Corporation Law for a Delaware corporation.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (the “Securities Act”) may be permitted to our directors, officers or persons controlling the Registrant under the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission (the “Commission”), such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 7.
Exemption from Registration Claimed

Not applicable.
 
4

Item 8.
Exhibits

The exhibits listed on the exhibit index at the end of this Registration Statement are included in this Registration Statement.

Item 9.
Undertakings

The undersigned Registrant, BeyondSpring Inc., 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 forgoing, 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 Commission 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

(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 this Registration Statement.

provided, however, that paragraphs (i) and (ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the 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; and

(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; and

The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Sections 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities 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.

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 foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission 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.
 
5

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, 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 New York, State of New York, on March 13, 2017.

 
BeyondSpring Inc.
     
 
By:
/s/ Lan Huang
   
Name: Lan Huang
   
Title: Chairman of the Board of Directors and Chief Executive Officer

POWER OF ATTORNEY

Each person whose signature appears below constitutes and appoints Richard Brand as attorney-in-fact with full power of substitution, for him or her in any and all capacities, to do any and all acts and all things and to execute any and all instruments which said attorney and agent may deem necessary or desirable to enable the registrant to comply with the Securities Act of 1933, and any rules, regulations and requirements of the Securities and Exchange Commission thereunder, in connection with the registration of ordinary shares of the registrant under this registration statement, including, without limitation, the power and authority to sign the name of each of the undersigned in the capacities indicated below to this registration statement, to any and all amendments or supplements to this registration statement and to any and all instruments or documents filed as part of or in connection with this registration statement or any and all amendments thereto; and each of the undersigned hereby ratifies and confirms all that such attorney and agent shall do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities set forth below on March 13, 2017.

/s/ Lan Huang
Chairman of the Board of Directors and Chief Executive Officer
(principal executive officer)
Name: Lan Huang
   
/s/ Richard Brand
Chief Financial Officer
(principal financial officer and
principal accounting officer)
Name: Richard Brand
   
/s/ Nanxing He
Director
Name: Nanxing He
 
   
/s/ Matthew Kirkby
Director
Name: Matthew Kirkby
 
   
/s/ Mulong Liu
Director
Name: Mulong Liu
 
   
/s/ Quanqi Song
Director
Name: Quanqi Song
 
   
/s/ Yanbin Xie
Director
Name: Yanbin Xie
 
   
/s/ Christine Zhao
Director
Name: Christine Zhao
 
 
6


SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

Pursuant to the requirements of the Securities Act of 1933, the registrant’s duly authorized representative has signed this registration statement on Form S-8 in the City of New York, State of New York, on March 13, 2017.

 
By:
/s/ Richard Brand
   
Name: Richard Brand
   
Title: Authorized Representative in the United States
     
 
7

EXHIBITS

Exhibit No.
 
Description
4.1
 
Memorandum and Articles of Association of BeyondSpring Inc., as currently in effect (incorporated by reference to Exhibit 3.1 of the Registration Statement on Form F-1 of the Registrant (File No. 333-214610))
4.2
 
Form of Amended and Restated Memorandum and Articles of Association of BeyondSpring Inc., effective upon the completion of the initial public offering (incorporated by reference to Exhibit 3.2 of the Registration Statement on Form F-1 of the Registrant (File No. 333-214610))
5.1
 
Opinion of Maples and Calder (Hong Kong) LLP regarding the validity of the ordinary shares being registered
23.1
 
Consent of Ernst & Young Hua Ming LLP
23.2
 
Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1)
24.1
 
Power of Attorney (included in the signature page to this Registration Statement)
99.1
 
BeyondSpring Inc. 2017 Incentive Plan and related form agreements (incorporated by reference to Exhibit 10.15 of the Registration Statement on Form F-1 of the Registrant (File No. 333-214610))
 
 
8