As filed with the Securities and Exchange Commission on April 30, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
__________________
Prenetics Global Limited
(Exact name of registrant as specified in its charter)
__________________
Cayman Islands (State or other jurisdiction of incorporation or organization) | (Zip Code) | Not Applicable (I.R.S. Employer Identification Number) | ||||||
Unit 703-706, K11 Atelier King’s Road 728 King’s Road, Quarry Bay Hong Kong
(Address of Principal Executive Offices)
2022 Share Incentive Plan
(Full title of the plan)
Cogency Global Inc.
122 East 42nd Street, 18th Floor
New York, NY 10168
+1 800-221-0102
(Name, address, and telephone number, including area code, of agent for service)
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 o | Accelerated filer x | ||||
Non-accelerated filer o | Smaller reporting company o | ||||
Emerging growth company x | |||||
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 pursuant to Section 7(a)(2)(B) of the Securities Act. o | |||||
EXPLANATORY NOTE
This registration statement on Form S-8 is being filed by Prenetics Global Limited (the “Registrant”) with the U.S. Securities and Exchange Commission (the “Commission”) for the purpose of registering an additional 438,043 shares of the Registrant’s common stock, par value $0.0015 per share (the “Ordinary Shares”) to be issued pursuant to the evergreen provisions (as defined below) of the Registrant’s 2022 Share Incentive Plan (the “Plan”) and to be added to the award pool of the Plan. Pursuant to Section 3.1(a) of the Plan (hereinafter referred to as the “evergreen provisions”), the number of Ordinary Shares with respect to which awards may be granted under the Plan will be increased on the first day of each calendar year beginning in 2023, in accordance with a formula set forth in the Plan. Based on the foregoing, the Registrant previously registered 5,557,230 Class A ordinary shares, par value $0.0001 per share (equivalent to 370,482 Ordinary Shares after the reverse stock split carried out by the Registrant on November 14, 2024) that are or may become issuable under the Plan pursuant to the Registrant’s Registration Statement on Form S-8 (File No. 333-271552) filed with the Commission on May 1, 2023 (the “Prior Registration Statement”). This Registration Statement relates to securities of the same class as those to which the Prior Registration Statement relates and is submitted in accordance with General Instruction E of Form S-8. Pursuant to General Instruction E of Form S-8, the contents of the Prior Registration Statement is incorporated by reference herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by the Registrant with the Commission are hereby incorporated into this Registration Statement by reference (other than information in such filings deemed, under Commission rules or otherwise, not to have been filed with the Commission
a.The Registrant’s Annual Report on Form 20-F (File No. 001-41401) for the year ended December 31, 2023 filed with the Commission on April 30, 2024;
b.the description of the Registrant’s ordinary shares as contained in its registration statement on Form 8-A (File No. 001-41401), filed with the Commission under Section 12(b) of the Exchange Act on May 17, 2022, including any amendments or reports filed for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this registration statement and prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents.
Any statement in a document incorporated or deemed to be incorporated by reference in this registration statement will be deemed to be modified or superseded to the extent that a statement contained in this registration statement or in any other subsequently filed document which also is or is deemed to be incorporated by reference 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
The Exhibits listed on the accompanying Exhibit Index are filed as a part of, or incorporated by reference into, this registration statement.
EXHIBIT INDEX
| Exhibit Number | Description | |||||||
| 4.1 | ||||||||
| 4.2 | ||||||||
| 5.1* | ||||||||
| 10.1 | ||||||||
| 23.1* | ||||||||
| 24.1* | Powers of Attorney (included on signature page hereto) | |||||||
| 107* | ||||||||
_________________________
* Filed herewith.
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 Hong Kong, on April 30, 2024.
Prenetics Global Limited
By: /s/ Danny Sheng Wu Yeung
Name: Danny Sheng Wu Yeung
Title: Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned constitutes and appoints each of Danny Sheng Wu Yeung and Lo Hoi Chun, each acting alone, as his or her true and lawful attorney-in-fact and agents, with the power of substitution and re-substitution, for and in such person’s name, place and stead, in any and all capacities, to sign this Registration Statement on Form S-8, or other appropriate form, and all amendments thereto, including post-effective amendments, of Prenetics Global Limited, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may and agent, or his substitute or substitutes, may lawfully 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 and on the dates indicated.
| Signature | Title | Date | ||||||||||||||||||
| /s/ Danny Sheng Wu Yeung | Chief Executive Officer and Chairman of the Board of Directors (Principal Executive Officer) | April 30, 2024 | ||||||||||||||||||
| Danny Sheng Wu Yeung | ||||||||||||||||||||
| /s/ Lo Hoi Chun | Chief Financial Officer (Principal Financial and Accounting Officer) | April 30, 2024 | ||||||||||||||||||
| Lo Hoi Chun | ||||||||||||||||||||
| /s/ Cheng Yin Pan | Director | April 30, 2024 | ||||||||||||||||||
| Cheng Yin Pan | ||||||||||||||||||||
| /s/ Cui Zhanfeng | Director | April 30, 2024 | ||||||||||||||||||
| Cui Zhanfeng | ||||||||||||||||||||
| /s/ Ian Ying Woo | Independent Director | April 30, 2024 | ||||||||||||||||||
| Ian Ying Woo | ||||||||||||||||||||
| /s/ Chiu Wing Kwan Winnie | Independent Director | April 30, 2024 | ||||||||||||||||||
| Chiu Wing Kwan Winnie | ||||||||||||||||||||
SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES
Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Prenetics Global Limited has signed this registration statement or amendment thereto in the City of New York, New York on April 30, 2024.
Cogency Global Inc.
By: /s/ Colleen A. De Vries
Name: Colleen A. De Vries
Title: Senior Vice President
Calculation of Filing Fee Tables
S-8
(Form Type)
Prenetics Global Limited
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
| Security Type | Security Class Title | Amount to be Registered (1) | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | ||||||||||||||
| Equity | Class A Ordinary Shares, par value US$0.0015 per share | 438,043 (2) | 4.36 (3) | $1,909,867.48 | $147.60 per $1,000,000 | $281.90 | ||||||||||||||
| Total Offering Amounts | $1,909,867.48 | $281.90 | ||||||||||||||||||
| Total Fees Previously Paid | N/A | N/A | ||||||||||||||||||
| Total Fee Offsets | N/A | N/A | ||||||||||||||||||
| Net Fee Due | $281.90 | |||||||||||||||||||
(1) | Represents Class A ordinary shares or Class B ordinary shares underlying awards reserved for future grants under the 2022 Share Incentive Plan (the “Plan”). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement on Form S-8 (this “Registration Statement”) shall also cover any additional securities which may be offered and issued to prevent dilution resulting from any share dividend, share split, recapitalization or other similar transactions as provided in the Plan. | ||||
(2) | Represents 438,043 ordinary shares that have been added to the award pool under the Plan, effective from January 1, 2024, pursuant to the evergreen provisions, which were not previously registered under the Prior Registration Statement. | ||||
(3) | Estimated in accordance with Rules 457(c) and (h) under the Securities Act, solely for the purpose of computing the amount of the registration fee and is equal to $4.36, the average of the high and low prices of the Class A Ordinary Shares as reported on the Nasdaq Stock Market on April 29, 2024. | ||||
Exhibit 5.1
Mourant Ozannes (Hong Kong) LLP1002-1008
10/F Gloucester Tower
Landmark
15 Queen’s Road Central
Hong Kong
T + 852 3995 5700
F + 852 3995 5799
Prenetics Global Limited
c/o Unit 703-706
K11 Atelier King's Road
728 King's Road
Quarry Bay
Hong Kong
Date | 30 April 2024
Our ref | 8054020/90233994/2
Dear Sirs and Mesdames
Prenetics Global Limited (the Company)
We have acted as Cayman Islands legal advisers to the Company to provide this legal opinion in connection with the Company’s registration statement on Form S-8 to be filed on 30 April 2024 with the Securities and Exchange Commission (the Commission) under the U.S. Securities Act of 1933, as amended, relating to the offering and sale (the Offering) of 438,043 Class A Ordinary Shares of par value US$0.0015 par value each (the Shares).
1.Documents Reviewed
For the purposes of this opinion we have examined a copy of each of the following documents:
(a)The certificate of incorporation of the Company dated 21 July 2021;
(b)the amended and restated memorandum and articles of association of the Company as adopted by a special resolution on 15 September 2021 and amended by the resolutions passed at the annual general meeting of the Company held on 20 October 2023 authorising (among other things) a reverse stock split of the Company's Class A Ordinary Shares (the M&A);
(c)the Company's register of directors and officers (the Register of Directors, together with the M&A, the Company Records);
(d)written resolutions of the board of directors of the Company dated 30 April 2024 approving (among other things) the allotment and issue of the Shares by the Company (the Resolutions);
(e)a certificate of good standing dated 26 April 2024, issued by the Registrar of Companies (the Registrar) in the Cayman Islands (the Certificate of Good Standing); and
(f)a draft of the registration statement on Form S-8 to be filed with the Commission on 30 April 2024 in relation to the Company (excluding its exhibits and any documents incorporated by reference into such registration statement) (the Registration Statement).
2. Assumptions
The following opinions are given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion letter. These opinions only relate to the laws of the Cayman Islands which are in force on the date of this opinion letter. In giving these opinions we have relied upon the following assumptions, which we have not independently verified:
2.1 Copy documents or drafts of documents provided to us are true and complete copies of, or in the final forms of, the originals.
2.2 That where a document has been examined by us in draft form, it will be or has been executed and/or filed in the form of the draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention.
2.3 The accuracy and completeness of all factual representations made in the documents reviewed by us.
2.4 The genuineness of all signatures and seals.
2.5 The Resolutions were duly passed, are in full force and effect and have not been amended, revoked or superseded.
2.6 There is nothing under any law (other than the law of the Cayman Islands) which would or might affect the opinions set out below.
2.7 That the directors of the Company have not exceeded any applicable allotment authority conferred on the directors by the shareholders.
2.8 That upon issue the Company will receive in full the consideration for which the Company agreed to issue the Shares, which shall be equal to at least the par value thereof.
2.9 The validity and binding effect under the laws of the United States of America of the Registration Statement and the Registration Statement will be duly filed with the Commission.
2.10 Each director of the Company (and any alternate director) has disclosed to each other director any interest of that director (or alternate director) in the transactions contemplated by the Registration Statement in accordance with the M&A.
2.11 The Company is not insolvent, will not be insolvent and will not become insolvent as a result of executing, or performing its obligations under the Registration Statement and no steps have been taken, or resolutions passed, to wind up the Company or appoint a receiver in respect of the Company or any of its assets.
2.12 The Company Records were and remain at the date of this opinion accurate and complete.
2.13 No Share will be issued for a price which is less than its par value.
2.14 The Company will have sufficient authorised but unissued share capital to issue each Share
2.15 No change will be made to the Company's memorandum of association or articles of association which will affect the continuing accuracy of this opinion.
3. Opinion
Based upon the foregoing and subject to the qualifications set out below and having regard to such legal considerations as we deem relevant, we are of the opinion that:
3.1 The Company has been duly incorporated as an exempted company with limited liability and is validly existing and in good standing under the laws of the Cayman Islands. The Company is deemed to be in good standing on the date of issue of the Certificate of Good Standing if it:
(a) has paid all fees and penalties under the Companies Act; and
(b) is not, to the Registrar's knowledge, in default under the Companies Act.
3.2 Based solely on our review of the M&A, the authorised share capital of the Company is US$50,000 divided into 33,333,334 shares of US$0.0015 par value each, of which (i) 26,666,667 are designated as Class A Ordinary Shares, (ii) 3,333,333 are designated as convertible Class B Ordinary Shares and (iii) 3,333,334 are designated as shares of such class or classes (however designated) as the board of directors may determine in accordance with the M&A.
3.3 The issue and allotment of the Shares had been duly authorised and when allotted, issued and paid for as contemplated in the Registration Statement, the Shares will be legally issued and allotted, fully paid and non-assessable. As a matter of Cayman Islands law, a share is only issued when it has been entered in the register of members (shareholders).
4. Qualifications
Except as specifically stated herein, we make no comment with respect to any representations and warranties which may be made by or with respect to the Company in any of the documents or instruments cited in this opinion or otherwise with respect to the commercial terms of the transactions the subject of this opinion.
In this opinion the phrase non-assessable means, with respect to Shares in the Company, that a member shall not, solely by virtue of its status as a member, be liable for additional assessments or calls on the Shares by the Company or its creditors (except in exceptional circumstances and subject to the M&A, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).
5. Consent
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we come within the category of persons whose consent is required under Section 7 of the U.S. Securities Act of 1933, as amended, or the Rules and Regulations of the Commission thereunder.
Yours faithfully
/s/ Mourant Ozannes (Hong Kong) LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the use of our report dated April 30, 2024, with respect to the consolidated financial statements of Prenetics Global Limited, incorporated herein by reference.
/s/ KPMG
Hong Kong, China
April 30, 2024