F-1MEF 1 tm2222214d5_f1mef.htm F-1MEF

 

As filed with the U.S. Securities and Exchange Commission on August 5, 2022.

Registration No. 333-

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM F-1

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

QUOIN PHARMACEUTICALS LTD.

(Exact name of Registrant as specified in its charter)

 

Not Applicable

(Translation of Registrant’s name into English)

 

 

 

State of Israel   2834   Not Applicable
(State or other jurisdiction of   (Primary Standard Industrial   (I.R.S. Employer
incorporation or organization)   Classification Code Number)   Identification No.)

 

Azrieli Center, Round Tower, 30th Floor

132 Menachem Begin Blvd

Tel Aviv, 6701101

Tel: +972 58-448-8821

 

(Address, including zip code, and telephone number, including area code, of

Registrant’s principal executive offices)

 

 

 

Dr. Michael Myers

Chief Executive Officer

Quoin Pharmaceuticals Ltd.

42127 Pleasant Forest Ct

Ashburn, VA 20148

Tel: 703-980-4182

 

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

 

 

 

Copies to:

 

Yelena M. Barychev   Phillip Waldoks   Faith L. Charles, Esq.
Peter I. Tsoflias   Clifford Davis   Naveen Pogula, Esq.
Peter M. Melampy   Amir Assali   Thompson Hine LLP
Blank Rome LLP   S. Horowitz & Co.   335 Madison Avenue, 12th Floor
One Logan Square
130 North 18th Street
Philadelphia, PA 19103
  31 Ahad Ha’am Street
Tel Aviv, 6520204
Israel
  New York, New York 10017
Tel: (212)
344-5680
Tel: (215) 569-5500   Tel: +972 3 567 0700    

 

 

 

Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective.

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ¨

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. x Registration No. 333-266476

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

 

Emerging growth company ¨

 

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, 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. ¨

 

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

 

This registration statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(a) of the Securities Act of 1933, as amended.

 

 

 

 

 

EXPLANATORY NOTE

 

This Registration Statement on Form F-1 is being filed by Quoin Pharmaceuticals Ltd. (‘we” or the “Registrant”), pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and General Instruction V to Form F-1. This Registration Statement relates to the Registrant’s Registration Statement on Form F-1 (File No. 333-266476) (the “Prior Registration Statement”), initially filed by the Registrant on August 3, 2022 and declared effective by the Securities and Exchange Commission (the “Commission”) on August 5, 2022.

 

This Registration Statement covers the registration of additional ordinary shares of the Registrant, no par value per share (“Ordinary Shares”), represented by American Depositary Shares (“ADSs”), with each ADS representing five thousand (5,000) Ordinary Shares, with a proposed maximum aggregate offering price of $2.8 million. We are also offering additional pre-funded warrants (“Pre-Funded Warrants”) to purchase Ordinary Shares represented by ADSs. For each Pre-Funded Warrant we sell, the number of ADSs we are offering will be decreased on a one-for-one basis. Registrant’s Ordinary Shares represented by ADSs and Pre-Funded Warrants are being offered together with warrants (“Common Warrants”) to purchase Ordinary Shares represented by ADSs. Each ADS and Pre-Funded Warrant will be sold together with one Common Warrant. Because we will issue a Common Warrant for each ADS and for each Pre-Funded Warrant sold in this offering, the number of Common Warrants sold in this offering will not change as a result of a change in the mix of ADSs and Pre-Funded Warrants sold. The required opinions of counsel and related consents, the accountants’ consent, and registration fee-related information are attached hereto and filed herewith. Pursuant to Rule 462(b), the contents of the Prior Registration Statement, including the exhibits thereto, are incorporated by reference into this Registration Statement.

 

 

 

CERTIFICATION

 

The Registrant hereby certifies to the Commission that (1) it has instructed its bank to pay the filing fee set forth in Exhibit 107 hereto by a wire transfer of such amount to the Commission’s account at U.S. Bank as soon as practicable (but no later than the close of business as of August 5, 2022), (2) it will not revoke such instructions, (3) it has sufficient funds in the relevant account to cover the amount of such filing fee and (4) it will confirm receipt of such instructions by its bank during regular business hours no later than August 5, 2022.

 

PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 8. Exhibits and Financial Statement Schedules.

 

(a) Exhibits. All exhibits filed with or incorporated by reference in the Prior Registration Statement are incorporated by reference into, and shall be deemed a part of, this Registration Statement, and the following additional exhibits are filed herewith, as part of this Registration Statement:

 

Exhibit
Number
  Description of Document
5.1 *   Legal Opinion of S. Horowitz & Co., Israeli legal counsel to Quoin Pharmaceuticals Ltd.
5.2 *   Legal Opinion of Blank Rome LLP, US legal counsel to Quoin Pharmaceuticals Ltd.
23.1 *   Consent of Friedman LLP, Certified Public Accountants
23.2 *   Consent of S. Horowitz & Co. (included in Exhibit 5.1)
23.3 *   Consent of Blank Rome LLP (included in Exhibit 5.2)
107*   Filing Fee Table

 

 

* Filed herewith.

 

 

 

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 F-1 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Ashburn, Virginia on August 5, 2022.

 

  Quoin Pharmaceuticals Ltd.
   
  By: /s/ Dr. Michael Myers
    Name: Dr. Michael Myers
    Title: Chief Executive Officer

 

 

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form F-1 has been signed by the following persons in the capacities and on the dates indicated.

 

Signature   Title   Date
         
/s/ Dr. Michael Myers   Chairman and Chief Executive Officer
(Principal Executive Officer)
  August 5, 2022
Dr. Michael Myers      
         
/s/ Gordon Dunn   Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)
   
Gordon Dunn     August 5, 2022
         
/s/ Denise Carter        
Denise Carter   Director and Chief Operating Officer   August 5, 2022
         
*        
Joseph Cooper   Director   August 5, 2022
         
*        
Dennis Langer   Director   August 5, 2022
         
*        
Natalie Leong   Director   August 5, 2022
         
*        
Mike Sember   Director   August 5, 2022
         
*        
James Culverwell   Director   August 5, 2022

 

*By: /s/ Dr. Michael Myers  
Dr. Michael Myers  
Attorney-in- Fact  

 

 

 

SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE

 

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Quoin Pharmaceuticals Ltd., has signed this registration statement on Form F-1 in Ashburn, Virginia on August 5, 2022.

 

  Authorized U.S. Representative
  Dr. Michael Myers
   
  By: /s/ Dr. Michael Myers
  Name: Dr. Michael Myers
  Title: Chief Executive Officer