EX-5.1 2 d466247dex51.htm EX-5.1 EX-5.1

Exhibit 5.1

 

 

 

 

 

LOGO

   53rd at Third
   885 Third Avenue
   New York, New York 10022-4834
   Tel: +1.212.906.1200 Fax: +1.212.751.4864
   www.lw.com
   FIRM / AFFILIATE OFFICES
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December 19, 2017    Brussels   Orange County
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Bandwidth Inc.

900 Main Campus Drive

Raleigh, NC 27606

 

Re: Registration Statement on Form S-8

Ladies and Gentlemen:

We have acted as special counsel to Bandwidth Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of up to (i) 1,250,000 shares of Class A common stock of the Company, par value $0.001 per share (the “Class A Shares”), issuable under the Company’s 2017 Incentive Award Plan (the “2017 Plan”), (ii) 3,312,392 shares of Class A Shares issuable under Bandwidth.com, Inc.’s 2010 Equity Compensation Plan (the “2010 Plan”), (iii) 347,399 shares of Class A Shares issuable upon conversion of shares of Class B common stock of the Company, par value $0.001 per share (the “Class B Shares” and, together with the Class A Shares, the “Shares”), underlying stock options outstanding under Bandwidth.com, Inc.’s 2001 Stock Option Plan (“2001 Plan” and, together with the 2017 Plan and the 2010 Plan, the “Plans”) and (iv) 347,399 shares of Class B Shares issuable under the 2001 Plan.

The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on the date hereof (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related Prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.

 


December 19, 2017

Page 2

 

LOGO

 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers and have been issued by the Company against payment therefor in the circumstances contemplated by the Plans, assuming in each case that the individual issuances, grants or awards under the Plans are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the Plans (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the General Corporation Law of the State of Delaware.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing 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 Act or the rules and regulations of the Commission thereunder.

 

Very truly yours,
/s/ Latham & Watkins LLP