As filed with the Securities and Exchange Commission on May 9, 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
Zai Lab Limited
(Exact name of registrant as specified in its charter)
Cayman Islands | 98-1144595 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S Employer Identification No.) | |
4560 Jinke Road Bldg. 1, 4F, Pudong, Shanghai, China |
201210 | |
(Address of Principal Executive Offices) | (Zip Code) |
2017 Equity Incentive Plan
(Full title of the plan)
F. Ty Edmondson
314 Main Street, 4th Floor
Cambridge, MA 02142
Telephone: +1 (786) 250-1886
(Name, address, and telephone number, including area code, of agent for service)
Copy to:
Thomas J. Danielski
Ropes & Gray
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Telephone: (617) 951-7000
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 pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed to register an additional 38,563,500 shares under the Registrants 2017 Equity Incentive Plan. Pursuant to Instruction E to Form S-8, the Registrant incorporates by reference, except to the extent supplemented, amended or superseded by the information set forth herein, into this Registration Statement the entire contents of its Registration Statement on Form S-8 (File No. 333-221616) filed with the Securities and Exchange Commission on November 16, 2017, its Registration Statement on Form S-8 (File No. 333-239223) filed with the Securities and Exchange Commission on June 17, 2020 and its Registration Statement on Form S-8 (file No. 333-258630) filed with the Securities and Exchange Commission on August 9, 2021.
PART II
INFORMATION REQUIRED IN THE 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
+ | Indicates management contract or compensatory plan, contract or arrangement. |
* | Filed herewith. |
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 Shanghai, on May 9, 2022.
ZAI LAB LIMITED | ||
By: | /s/ Samantha (Ying) Du | |
Name: Samantha (Ying) Du | ||
Title: Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Samantha (Ying) Du, Billy Cho and F. Ty Edmondson, and each of them singly, as his or her true and lawful attorneys-in-fact and agents, each with the full power of substitution and re-substitution, for and in such persons name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them singly, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or their 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/ Samantha (Ying) Du Samantha (Ying) Du |
Chief Executive Officer, Chairman of the Board of Directors (Principal Executive Officer) |
May 9, 2022 | ||
/s/ Billy Cho Billy Cho |
Chief Financial Officer (Principal Financial and Accounting Officer) |
May 9, 2022 | ||
/s/ Kai-Xian Chen Kai-Xian Chen |
Director | May 9, 2022 | ||
/s/ John Diekman John Diekman |
Director | May 9, 2022 | ||
/s/ Nisa Leung Nisa Leung |
Director | May 9, 2022 | ||
/s/ William Lis William Lis |
Director | May 9, 2022 | ||
/s/ Peter Wirth Peter Wirth |
Director | May 9, 2022 | ||
/s/ Leon O. Moulder, Jr. Leon O. Moulder, Jr. |
Director | May 9, 2022 | ||
/s/ Scott Morrison |
Director | May 9, 2022 | ||
Scott Morrison | ||||
/s/ Richard Gaynor |
Director | May 9, 2022 | ||
Richard Gaynor |
Exhibit 4.1
ZAI LAB LIMITED
Number | Ordinary Shares | |
[ ] | - [ ] - |
Incorporated under the laws of the Cayman Islands
Share capital is US$30,000 divided into 5,000,000,000 Shares of US$0.000006 par value each
THIS IS TO CERTIFY THAT [ ] is the registered holder of [ ] Ordinary Shares in the above-named Company subject to the Fifth Amended and Restated Memorandum and Articles of Association thereof.
EXECUTED on behalf of the said Company on the [ ] day of [ ] 2022 by:
Exhibit 5.1
Office: | +852 2801 6066 |
Mobile: | +61 41 777 0260 |
Email: | rthorp@tta.lawyer |
Zai Lab Limited
4560 Jinke Road
Bldg. 1, 4F, Pudong, Shanghai,
Peoples Republic of China
9 May 2022
Dear Sirs
Zai Lab Limited
We have examined the Registration Statement on Form S-8 to be filed by Zai Lab Limited, a Cayman Islands exempted company incorporated with limited liability (the Registrant), with the Securities and Exchange Commission (the Registration Statement), relating to the registration under the Securities Act of 1933, as amended, of an amount of ordinary shares of the Registrant (the Shares) for issuance pursuant to the Zai Lab Limited 2017 Equity Incentive Plan (the Plan).
As Cayman Islands counsel to the Registrant, we have examined the corporate authorisations of the Registrant in connection with the Plan and the issue of the Shares by the Registrant and have assumed that the Shares will be issued in accordance with the Plan and the resolutions authorizing the issue.
It is our opinion that the Shares to be issued by the Registrant have been duly and validly authorised, and when issued, sold and paid for in the manner described in the Plan and in accordance with the relevant resolutions adopted by the Board of Directors of the Registrant (or any committee to whom the Board of Directors have delegated their powers with respect to administration of the Plan) and when appropriate entries have been made in the Register of Members of the Registrant, will be legally issued, fully paid and nonassessable.
We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments thereto.
Yours faithfully
/S/ TRAVERS THORP ALBERGA
TRAVERS THORP ALBERGA
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated March 1, 2022, relating to the financial statements of Zai Lab Limited and the effectiveness of Zai Lab Limiteds internal control over financial reporting, appearing in the Annual Report on Form 10-K for the year ended December 31, 2021.
/s/ Deloitte Touche Tohmatsu Certified Public Accountants LLP
Deloitte Touche Tohmatsu Certified Public Accountants LLP
Shanghai, China
May 9, 2022
Exhibit 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
Zai Lab Limited
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security |
Security Class Title |
Fee Calculation Rule |
Amount Registered (2) |
Proposed Maximum Offering Price Per Unit (4) |
Maximum Aggregate Offering Price |
Fee Rate | Amount of Registration Fee | |||||||
Equity |
Ordinary Shares, $0.000006 par value per share (1) | 457(h) | 38,563,500(3) | $3.1745 | $122,419,830.75 | 0.0000927 | $11,348.32 | |||||||
Total Offering Amounts |
$122,419,830.75 |
$11,348.32 | ||||||||||||
Total Fee Offsets |
| |||||||||||||
Net Fee Due |
$11,348.32 |
(1) | These shares may be represented by the Registrants American depositary shares (ADS). The Registrants ADSs issuable upon deposit of the Ordinary Shares registered hereby have been registered under a separate registration statement on Form F-6 (File No. 333-220256). |
(2) | Pursuant to Rule 416(a) under the Securities Act of 1933, this Registration Statement also covers such additional Ordinary Shares as may be issued to prevent dilution from stock splits, stock dividends and similar transactions. |
(3) | Represents 38,563,500 Ordinary Shares that were automatically added to the shares authorized for issuance under the registrants 2017 Equity Incentive Plan (the 2017 Plan) pursuant to an evergreen provision contained in the 2017 Plan. The evergreen provision provides that on each January 1st from January 1, 2018 through January 1, 2027, the number of Ordinary Shares available for issuance under the 2017 Plan will automatically increase annually in an amount equal to the lesser of 4% of outstanding shares of the registrants Ordinary Shares as of the close of business on the immediately preceding December 31st or the number of shares determined by the Registrants board of directors. These shares may be represented by the Registrants ADS. The Registrants ADSs issuable upon deposit of the Ordinary Shares registered hereby have been registered under a separate registration statement on Form F-6 (File No. 333-220256). |
(4) | Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(h) based on the average high and low prices of the registrants ADSs as reported by the NASDAQ Global Market on May 6, 2022, a date that is within five business days prior to the date on which this Registration Statement is being filed, to be $35.41 and $28.08, respectively. One of the registrants ADSs represents ten Ordinary Shares. |