As filed with the Securities and Exchange Commission on May 10, 2022
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
RECURSION PHARMACEUTICALS, INC.
(Exact name of Registrant as specified in its charter)
Delaware | 46-4099738 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) |
41 S Rio Grande Street
Salt Lake City, UT 84101
(Address of principal executive offices, including zip code)
2021 Equity Incentive Plan
2021 Employee Stock Purchase Plan
(Full title of the plans)
Christopher Gibson
Chief Executive Officer
Recursion Pharmaceuticals, Inc.
41 S Rio Grande Street
Salt Lake City, UT 84101
(385) 269-0203
(Name, address and telephone number, including area code, of agent for service)
Copies to:
Patrick J. Schultheis
Philip H. Oettinger
Jeana S. Kim
Wilson Sonsini Goodrich & Rosati,
Professional Corporation
701 Fifth Avenue, Suite 5100
Seattle, WA 98104
(206) 883-2500
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.
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 to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement on Form S-8 (this Registration Statement) registers additional shares of Class A common stock of Recursion Pharmaceuticals, Inc. (the Registrant) under its 2021 Equity Incentive Plan and 2021 Employee Stock Purchase Plan for which a registration statement (No. 333-255315) on Form S-8 was filed with the Securities and Exchange Commission (the Commission) on April 16, 2021 (the Previous Form S-8). Pursuant to General Instruction E to Form S-8, the contents of the Previous Form S-8, including periodic reports filed after the Previous Form S-8 to maintain current information about the Registrant, are incorporated by reference into this Registration Statement, except that the provisions contained in Part II of such earlier registration statement are modified as set forth in this Registration Statement.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this Registration Statement in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended (the Securities Act), and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the equity benefit plans covered by this Registration Statement as specified by Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. | Incorporation of Documents by Reference. |
The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission:
(1) The Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Commission on March 23, 2022 (the Annual Report);
(2) All other reports filed with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Annual Report (other than the portions of these documents not deemed to be filed); and
(3) The description of the Registrants Class A common stock contained in the Companys Registration Statement on Form 8-A (File No. 001-40323) filed with the Commission on April 12, 2021, pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), including any amendment or report filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters 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; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement. Any statement contained in a document 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 subsequently filed document which also 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 8. | Exhibits. |
Exhibit Number |
Exhibit Description |
Form |
Incorporated by |
Filing Date |
||||||||
File No. |
Exhibit | |||||||||||
4.1 | Amended and Restated Certificate of Incorporation of the Registrant | 8-K | 001-40323 | 3.1 | April 21, 2021 | |||||||
4.2 | Amended and Restated Bylaws of the Registrant | 8-K | 001-40323 | 3.2 | April 21, 2021 | |||||||
4.3 | Specimen Class A common stock certificate of the Registrant | S-1/A | 333-254576 | 4.2 | April 15, 2021 | |||||||
4.4 | 2021 Equity Incentive Plan and forms of agreements thereunder | S-1/A | 333-254576 | 10.3 | April 15, 2021 | |||||||
4.5 | 2021 Employee Stock Purchase Plan and forms of agreements thereunder | S-1/A | 333-254576 | 10.4 | April 15, 2021 | |||||||
5.1* | Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation | |||||||||||
23.1* | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm | |||||||||||
23.2* | Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (contained in Exhibit 5.1 hereto) | |||||||||||
24.1* | Power of Attorney (contained on signature page hereto) | |||||||||||
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 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 Salt Lake City, State of Utah, on May 10, 2022.
RECURSION PHARMACEUTICALS, INC. | ||
By: | /s/ Christopher Gibson | |
Christopher Gibson | ||
Chief Executive Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Christopher Gibson and Michael Secora, and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this registration statement on Form S-8 (including post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact, proxy and agent full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all the said attorney-in-fact, proxy and agent, or his 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 on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date | ||||
/s/ Christopher Gibson Christopher Gibson |
Chief Executive Officer and Director (Principal Executive Officer) | May 10, 2022 | ||||
/s/ Michael Secora Michael Secora |
Chief Financial Officer (Principal Financial and Accounting Officer) | May 10, 2022 | ||||
/s/ Zachary Bogue Zachary Bogue |
Director | May 10, 2022 | ||||
/s/ Blake Borgeson Blake Borgeson |
Director | May 10, 2022 | ||||
/s/ Terry-Ann Burrell Terry-Ann Burrell |
Director | May 10, 2022 | ||||
/s/ R. Martin Chavez R. Martin Chavez |
Director | May 10, 2022 |
/s/ Zavain Dar Zavain Dar |
Director | May 10, 2022 | ||
/s/ Robert Hershberg Robert Hershberg |
Director | May 10, 2022 | ||
/s/ Dean Li Dean Li |
Director | May 10, 2022 |
Exhibit 5.1
Wilson Sonsini Goodrich & Rosati Professional Corporation
701 Fifth Avenue Suite 5100 Seattle, Washington 98104-7036
O: 206.883.2500 F: 206.883.2699 |
May 10, 2022
Recursion Pharmaceuticals, Inc.
41 S Rio Grande Street
Salt Lake City, Utah 84101
Re: | Registration Statement on Form S-8 |
Ladies and Gentlemen:
We have examined the Registration Statement on Form S-8 (the Registration Statement) to be filed by Recursion Pharmaceuticals, Inc., a Delaware corporation (the Company), with the Securities and Exchange Commission on or about the date hereof, relating to the registration under the Securities Act of 1933, as amended, of an aggregate of 10,216,348 shares of your Class A common stock, par value $0.00001 per share (the Shares), consisting of: (i) 8,513,623 shares of Class A common stock to be issued under the 2021 Equity Incentive Plan (the 2021 EIP) and (ii) 1,702,725 shares of Class A common stock to be issued under the 2021 Employee Stock Purchase Plan (the 2021 ESPP, and together with the 2021 EIP, the Plans). As your legal counsel, we have reviewed the actions proposed to be taken by you in connection with the issuance and sale of the Shares to be issued under the Plans.
It is our opinion that the Shares, when issued and sold in the manner referred to in the Plans and pursuant to the agreements that accompany the Plans, will be legally and validly issued, fully paid and nonassessable.
We consent to the use of this opinion as an exhibit to the Registration Statement, and further consent to the use of our name wherever appearing in the Registration Statement and any amendments thereto.
Very truly yours, |
/s/ Wilson Sonsini Goodrich & Rosati, P.C. |
WILSON SONSINI GOODRICH & ROSATI |
Professional Corporation |
AUSTIN BEIJING BOSTON BRUSSELS HONG KONG LONDON LOS ANGELES NEW YORK PALO ALTO
SAN DIEGO SAN FRANCISCO SEATTLE SHANGHAI WASHINGTON, DC WILMINGTON, DE
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2021 Equity Incentive Plan, 2021 Employee Stock Purchase Plan, and 2016 Equity Incentive Plan of Recursion Pharmaceuticals, Inc. of our report dated March 23, 2022, with respect to the consolidated financial statements of Recursion Pharmaceuticals, Inc. included in this Annual Report (Form 10-K) for the year ended December 31, 2021, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Salt Lake City, Utah
May 10, 2022
Exhibit 107
Calculation of Filing Fee Tables
Form S-8
(Form Type)
Recursion Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Table 1 Newly Registered Securities
Security Type | Security Class Title |
Fee Calculation Rule |
Amount Registered(1) |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee | |||||||
Equity | Class A Common Stock, $0.00001 par value per share, reserved for issuance under the 2021 Equity Incentive Plan | 457(c) and 457(h) | 8,513,623(2) | $5.81(4) | $49,464,149.63 | $92.70 per $1,000,000 | $4,586.00 | |||||||
Equity | Class A Common Stock, $0.00001 par value per share, reserved for issuance under the 2021 Employee Stock Purchase Plan | 457(c) and 457(h) | 1,702,725(3) | $4.94(5) | $8,411,461.50 | $92.70 per $1,000,000 | $780.00 | |||||||
Total Offering Amounts | $57,875,611.13 | $5,366.00 | ||||||||||||
Total Fee Offsets | | |||||||||||||
Net Fee Due | $5,366.00 |
(1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the Securities Act), this Registration Statement covers any additional shares of the Registrants Class A Common Stock that become issuable under the 2021 Equity Incentive Plan (the 2021 Plan) and the 2021 Employee Stock Purchase Plan (the 2021 ESPP) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrants outstanding shares of Class A Common Stock. |
(2) | Represents an automatic annual increase of 8,513,623 shares of Class A Common Stock on January 1, 2022 to the number of shares of the Registrants Class A Common Stock reserved for issuance under, and which annual increase is provided for in, the 2021 Plan pursuant to an evergreen provision contained in the 2021 Plan. |
(3) | Represents an automatic annual increase of 1,702,725 shares of Class A Common Stock on January 1, 2022 to the number of shares of the Registrants Class A Common Stock reserved for issuance under, and which annual increase is provided for in, the 2021 ESPP pursuant to an evergreen provision contained in the 2021 ESPP. |
(4) | Estimated in accordance with Rules 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of $5.81 per share, which is the average of the high and low prices of the Registrants Class A Common Stock on May 9, 2022, as reported on the NASDAQ Global Select Market. |
(5) | Estimated in accordance with Rules 457(c) and (h) of the Securities Act solely for the purpose of calculating the registration fee on the basis of 85% of $5.81 per share, which is the average of the high and low prices of |
Registrants Class A Common Stock on May 9, 2022, as reported on the NASDAQ Global Select Market. Pursuant to the 2021 ESPP, the purchase price of the shares of Class A Common Stock reserved for issuance thereunder will be 85% of the lower of the fair market value of a share of Class A Common Stock on the last trading day prior to the first trading day of each offering period or on the last trading day prior to the exercise period.
Table 2 Fee Offset Claims and Sources
Registrant or Filer Name |
Form or Filing Type |
File Number |
Initial Filing Date |
Filing Date |
Fee Offset Claimed |
Security Type Associated with Fee Offset Claimed |
Unsold Securities Associated with Fee Offset Claimed |
Unsold Aggregate Offering Amount Associated with Fee Offset Claimed |
Fee Paid with Fee Offset Source | |||||||||||
Rule 457(p) | ||||||||||||||||||||
Fee Offset Claims |
||||||||||||||||||||
Fee Offset Sources |