As filed with the Securities and Exchange Commission on November 22, 2017.

July 30, 2018.

Registration No. 333-_____

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-3

 

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

  

CohBar, Inc.

(Exact Name of Registrant as Specified in Its Charter)

  

Delaware 26-1299952
(State or Other Jurisdiction of
Incorporation or Organization)
 (I.R.S. Employer
Identification Number)

 

1455 Adams Dr., Suite 2050

Menlo Park, CA 94025

(650) 446-7888

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

 

Simon Allen

Chief Executive Officer

1455 Adams Dr., Suite 2050

Menlo Park, CA 94025

(650) 446-7888

(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

 

Copy to:

Peter B. Cancelmo

Garvey Schubert Barer

1191 2nd Avenue, Suite 1800

Seattle, Washington 98101

(206) 464-3939

 

Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.  ☐

 

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, other than securities offered only in connection with dividend or interest reinvestment plans, 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.  ☐

 

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 registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  ☐

 

If this form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to rule 413(b) under the Securities Act, check the following box.  ☐

 

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 ☐   (Do not check if smaller reporting company)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.  ☐

 

 

 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Securities To Be Registered(1)

 

Amount

To Be

Registered(1)

  

Proposed

Maximum

Offering Price

Per Unit(2)

 

Proposed

Maximum

Aggregate

Offering Price(2)

  

Amount Of

Registration Fee(3)

 
Common Stock, $0.001 par value per share (4)              
Preferred Stock (4)              
Warrants              
Units (5)              
Total $100,000,000  N/A $100,000,000  $12,450 

Title of each class of securities to be registered Amount to be 
registered
  

Proposed

maximum
offering price per share

  

Proposed

maximum
aggregate

offering price

  Amount of
registration fee
 
Common Stock, par value $0.001 per share  780,500(1) $5.86(2) $4,573,730  $569.43 

 

(1)An indeterminate number of securitiesThis registration statement registers for resale by the selling stockholders up to 780,500 shares of the identified classes is being registered as may be offered bycommon stock of the registrant, from time to time at indeterminate prices,along with an indeterminate numberpar value $0.001 per share (the “Common Stock”), consisting of securities that may be issued upon exercise, settlement, exchange or conversion780,500 shares of securities offered hereunder. Separate consideration may or may not be received for securitiesCommon Stock that are issuable upon the exercise settlement, conversion or exchange of other securities or that arecommon stock purchase warrants of the registrant issued in unitsa private placement. In accordance with other securitiesRule 416(a), there also are being registered hereunder.
(2)We will determine the proposed maximum aggregate offering price per class of security from time to time in connection with our issuance of the securities we are registering under this Registration Statement and we are not specifying such price as to each class of security pursuant to General Instruction II.D. of Form S-3 under the Securities Act.
(3)Calculated pursuant to Rule 457(o) under the Securities Act.
(4)Includeshereunder an indeterminate number of shares of common stock or preferred stock asthat may be issued by the registrant upon exercise, conversion or exchange of any securities that provide for such issuance, or that mayand resold resulting from time to time become issuable by reason of any stock split,splits, stock dividenddividends, recapitalizations or similar transaction,transactions.

(2)Estimated pursuant to Rule 457(c) of the Securities Act of 1933 solely for which no separate consideration will be received by registrant. 
(5)Each unit will be issued under a unit agreementthe purpose of computing the amount of the registration fee based on the average of the high and will represent an interest in two or more other securities, which may or may not be separable from one another.low prices reported on the NASDAQ Capital Market on July 26, 2018.

 

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 

 

 

The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

 

SUBJECT TO COMPLETION, DATED NOVEMBER 22, 2017JULY 30, 2018

 

PRELIMINARY PROSPECTUS

 

O:\1 Pre-Sub\2017\November\Night\15\CohBar\fs32017_cohbarinc 

 

COHBAR, INC.

 

$100,000,000780,500 Shares of Common Stock

 

Common Stock

Preferred Stock

Warrants

Units

We may offer from timeThis prospectus relates to time780,500 shares of our common stock, par value $0.001 (“Common Stock”), preferredwhich may be offered for sale from time to time by the selling stockholders identified in this prospectus. These shares are issuable upon the exercise of certain common stock purchase warrants and units that include any of these securities. The aggregate initial offering(the “Warrants”). Each Warrant may be exercised at an exercise price of the securities sold under this prospectus will not exceed $100,000,000. We will offer the securities in amounts,$5.30 per share of common stock and shall expire at prices and5:00 PM, New York City time, on terms to be determined at the time of the offering.March 29, 2021.

 

Shares of our common stock are quoted on the TSX Venture Exchange (TSX-V) under the symbol “COB.U” and on the OTCQX marketplace operated by OTC Markets Group, Inc.Nasdaq Capital Market (“Nasdaq”) under the symbol “CWBR.” On November 21, 2017,July 26, 2018 the closing pricesprice for our common stock on the TSX-V and OTCQX were $4.80 and $4.75Nasdaq was $5.87 per share, respectively. share.

 

Each time we sell securities hereunder, weWe are not selling any shares of our common stock in this offering and will attach a supplement tonot receive any proceeds from this prospectus that contains specific information aboutoffering. We will receive the termsexercise price payable upon exercise of the offering, including the price at which we are offering the securitiesWarrants, if any. The Warrants may be exercised only pursuant to the public. The prospectus supplement may also add, update or change information contained or incorporated in this prospectus. You should read this prospectus and the applicable prospectus supplement carefully before you invest in our securities.an available exemption from registration.

 

All costs associated with this registration statement will be borne by us. The securities hereunderselling stockholders will offer their shares at prevailing market prices on Nasdaq, or at privately negotiated prices in one or more transactions that may be offered directlytake place by us, through agents designated from time to time by us or toordinary broker’s transactions, privately-negotiated transactions or through underwriterssales to one or dealers. Ifmore dealers for resale. We will not receive any agents, dealers or underwriters are involved inof the proceeds from the sale of any securities, their names, and any applicable purchase price, fee, commission or discount arrangement between or among them will be set forth, or will be calculable fromshares of common stock by the information set forth,selling stockholders. All amounts are in the applicable prospectus supplement. See the section entitled “About This Prospectus” for more information.

United States dollars unless otherwise stated.

 

We are an “emerging growth company” under the U.S. federal securities laws and will be subject to reduced public company reporting requirements. Investing in our securities involves certainsubstantial risks. See Risk Factors“Risk Factors” beginning on page 5 of this prospectus. In addition, see “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, which has been filed with the Securities and Exchange Commission and is incorporated by reference into this prospectus. You should carefully read and consider these risk factors before you invest in our securities.5.

 

Neither the Securities and Exchange Commission (SEC) nor any stateother securities commission or regulatory authority has approved or disapproved of these securities or has passed upon the adequacyaccuracy or accuracyadequacy of this prospectus. Any representation to the contrary is a criminal offense.

 

The date of this prospectus is                  , 2017.2018.

 

 

Table of Contents

 

TABLE OF CONTENTS

 

 Page
ABOUT THIS PROSPECTUSSUMMARY1
THE COMPANY1
RISK FACTORS5
FORWARD-LOOKING STATEMENTS5
USE OF PROCEEDS6
DESCRIPTION OF CAPITAL STOCK67
DESCRIPTION OF COMMON STOCK6
DESCRIPTION OF PREFERRED STOCK7
DESCRIPTION OF WARRANTS8
DESCRIPTION OF UNITS9
PLAN OF DISTRIBUTION1013
LEGAL MATTERS1115
EXPERTS1115
WHERE YOU CAN FIND MORE INFORMATION15
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE11
WHERE YOU CAN FIND MORE INFORMATION1215

The distribution of this prospectus may be restricted by law in certain jurisdictions. You should inform yourself about and observe any of these restrictions. If you are in a jurisdiction where offers to sell, or solicitations of offers to purchase, the securities offered by this document are unlawful, or if you are a person to whom it is unlawful to direct these types of activities, then the offer presented in this prospectus does not extend to you.

 

This prospectus provides you withis part of a general description of the securitiesregistration statement we may offer. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of the offering and the offered securities. This prospectus, together with applicable prospectus supplements, any information incorporated by reference, and any related free writing prospectuses we filefiled with the Securities and Exchange Commission, (the “SEC”), includes all material information relatingor the SEC, using a “shelf” registration process. This means the securities described in this prospectus may be offered and sold in one or more offerings using this prospectus from time to these offerings and securities. We may also add, update or changetime as described in the prospectus supplement any“Plan of Distribution.” It is important for you to read and consider all of the information contained in this prospectus orand any applicable prospectus supplement before making a decision whether to invest in the documents that we have incorporated by reference intocommon stock. You should also read and consider the information contained in the exhibits filed with our registration statement, of which this prospectus including without limitation,is a discussion of any risk factors or other special considerations that apply to these offerings or securities or the specific plan of distribution.part, as described in “Where You Can Find More Information” in this prospectus.

 

We have not authorized anyone to give any information or make any representation about us that is different from, or in addition to, that contained in this prospectus, including in any of the materials that we have incorporated by reference into this prospectus, any accompanying prospectus supplement, and any free writing prospectus prepared or authorized by us. Therefore, if anyone does give you information of this sort, you should not rely on it as authorized by us. You should rely only on the information contained or incorporated by reference in this prospectus and any accompanyingapplicable prospectus supplement.supplement, including the information incorporated by reference. We have not authorized anyone to provide you with different information. We are not offering to sell or soliciting offers to buy, and will not sell, any securities in any jurisdiction where it is unlawful.

 

You should not assume that the information contained in this prospectus and any accompanying supplement to this prospectus is accurate on any date subsequent to the date set forth on the front of the document or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus and any accompanying supplement to this prospectus is delivered or securities are sold on a later date. Neither the delivery of this prospectus, nor any sale made hereunder, shall under any circumstances create any implication that there has been no change in our affairs since the date hereof or that the information incorporated by reference herein is correct as of any time subsequent to the date of such information.

 

ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement we filed with the Securities and Exchange Commission, or the SEC, using a “shelf” registration process. Under this shelf registration process, we may, from time to time, offer and sell any combination of the securities described in this prospectus in one or more offerings. The aggregate initial offering price of all securities sold under this prospectus will not exceed $100,000,000.

This prospectus provides certain general information about the securities that we may offer hereunder. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of the offering and the offered securities. In each prospectus supplement, we will include the following information:

the number and type of securities that we propose to sell;
the public offering price;
the names of any underwriters, agents or dealers through or to which the securities will be sold;
any compensation of those underwriters, agents or dealers;
any additional risk factors applicable to the securities or our business and operations; and
any other material information about the offering and sale of the securities.

In addition, the prospectus supplement may also add, update or change the information contained or incorporated in this prospectus. The prospectus supplement will supersede this prospectus to the extent it contains information that is different from, or that conflicts with, the information contained or incorporated in this prospectus. You should read and consider all information contained in this prospectus and any accompanying prospectus supplement in making your investment decision.You should also read and consider the information contained in the documents identified under the heading “Incorporation of Certain Documents by Reference” and “Where You Can Find More Information” in this prospectus.

As used in this prospectus, “CohBar,” the “Company,” “we,” “our” or “us” refers to CohBar, Inc. COHBARTMand other trademarks or service marks of CohBar, Inc. appearing in this prospectus are the property of CohBar, Inc. Trade names, trademarks and service marks of other companies appearing in this prospectus are the property of their respective holders.

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THE SUMMARY

This summary highlights information contained elsewhere in this prospectus or incorporated by reference into this prospectus from our Annual Report on Form 10-K for the year ended December 31, 2017 and our other filings with the SEC listed in the section of this prospectus entitled “Incorporation of Documents By Reference.” This summary does not contain all of the information you should consider before investing in our common stock. You should read this entire prospectus carefully, especially the “Risk Factors” section beginning on page 5 and our financial statements and the related notes thereto in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, which are incorporated by reference herein, before making an investment decision.

COMPANY OVERVIEW

 

CohBar, Inc. (“CohBar,” “we,” “us,” “our,” “its” or the “Company”) is an innovative biotechnology company and a leader in the research and development of mitochondria based therapeutics (MBTs), an emerging class of drugs with the potential to treatwhich may provide treatments for a wide range of diseases associated with aging and metabolic dysfunction, including non-alcoholic steatohepatitis (NASH), obesity, fatty liver disease (NAFLD), type 2 diabetes mellitus (T2D), cancer, atherosclerosis, cardiovascular disease and neurodegenerative diseases such as Alzheimer’s disease.

 

MBTs originate from almost two decades of research by our founders, resulting in their discovery of a novel group of mitochondrial-derived peptides (MDPs) encoded within the genome of mitochondria, the powerhouses of the cell. Some of these naturally occurring MDPs and certain relatedtheir analogs have demonstrated a range of biological activity and therapeutic potential in pre-clinical models across multiple diseases associated with aging.

 

We believe CohBar is athe first mover in exploring the mitochondrial genome for therapeutically relevant peptides, and has developed a proprietary MBT technology platform, which uses cell basedusing cell-based assays and animal models of disease, to rapidly identify mitochondrial peptides with promising biological activity. Once identified, we deploy optimization techniques to improve the drug-like properties of our MBT candidates, enabling us to match the most biologically promising peptides to disease indications that have substantial unmet medical needs.

 

In September 2016, we advanced two novel, optimized analogs of our MOTS-c MDP, CB4209 and CB4211, into IND-enabling studies as ourOur lead MBT drug candidates withcandidate for the potential for treatment of NASH and obesity.obesity is CB4211, a novel optimized analog of our MOTS-c MDP. In November 2017July 2018, we announced the selectioninitiation of a Phase 1a/1b safety and biomarker study of CB4211. The double-blind, placebo-controlled clinical study will initially assess the safety, tolerability, and pharmacokinetics of CB4211 asfollowing single and multiple-ascending doses in healthy subjects. The final Phase 1b stage of the final candidate for the remaining pre-IND studies.study will be an assessment of safety, tolerability, and activity in obese subjects with non-alcoholic fatty liver diseases (NAFLD). Assessments will include changes in liver fat assessed by MRI-PDFF, body weight, and biomarkers relevant to NASH and obesity.

 

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the University of California and the Albert Einstein College of Medicine of four issued U.S. patents, four U.S. patent applications and several related international patent applications in various jurisdictions. Our founderslicensed patents and patent applications include claims that are directed to compositions comprising MDPs and their analogs and/or methods of their use in the treatment of indicated diseases. We have also filed a non-provisional patent application under the international patent cooperation treaty (PCT) with claims directed to both compositions comprising and methods of using novel proprietary MDPs and their analogs. In addition, CohBar’s scientific team have alsohas more recently discovered a large number ofover 100 additional MDPs that have demonstrated a range of biological activities and therapeutic potential. potential and filed more than 65 provisional patent applications covering these newly discovered MDPs.

Our ongoing research and development of our pipeline MDPs is focusedactivities focus on identifying and advancing novel improved MDP analogs of those MDPs that have the greatest therapeutic and commercial potential for development into drugs. We believe that the proprietary capabilities of our technology platform combined with our scientific expertise and intellectual property portfolio provides a competitive advantage in our mission to treat age-related diseases and extend healthy life spans through the advancement of MBTs as a new class of transformative drugs.

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Our scientific team includes the expertise of our founders, Dr. Pinchas Cohen, Dean of the Davis School of Gerontology at the University of Southern California, and Dr. Nir Barzilai, Professor of Genetics and Director of the Institute for Aging Research at the Albert Einstein College of Medicine, and is augmented by our co-founders, Dr. David Sinclair, Professor of Genetics at Harvard Medical School, and Dr. John Amatruda, former Senior Vice President and Franchise Head for Diabetes and Obesity at Merck Research Laboratories. Our research and development efforts are conducted under the leadership of our Chief Scientific Officer, Dr. Kenneth Cundy, former Chief Scientific Officer at Xenoport, Inc. and Senior Director of Biopharmaceutics at Gilead Sciences, Inc. Dr. Cundy is the co-inventor of several approved drugs including tenofovir, an antiretroviral drug that is marketed globally in various combinations with other drugs for the treatment of HIV infection (Atripla®, Viread®, Complera®, Stribild®, Truvada®), gabapentin enacarbil (Horizant®) for the treatment of RLS and post-herpetic neuralgia, and Nanocrystal® technology, employed in several other approved drugs.

  

We are the exclusive licensee from the Regents of the University of California and the Albert Einstein College of Medicine of four issued U.S. patents, four U.S. patent applications and several related international patent applications in various jurisdictions. Our licensed patents and patent applications include claims that are directed to compositions comprising MDPs and their analogs and/or methods of their use in the treatment of indicated diseases. We have also filed one patent application under the international patent cooperation treaty (PCT) and more than 65 provisional patent applications with claims directed to both compositions comprising and methods of using novel proprietary MDPs and their analogs.

We believe that the proprietary capabilities of our technology platform combined with our scientific expertise and intellectual property portfolio provides a competitive advantage in our mission to treat age-related diseases and extend healthy life spans through the advancement of MBTs as a new class of transformative drugs.

We were formed as a limited liability company in the state of Delaware in 2007, and converted to a Delaware corporation in 2009. We completed our initial public offering of common stock in January 2015 and our common stock is listed for trading on the TSX-V (COB.U) andNasdaq Capital Market under the OTCQX (CWBR)symbol “CWBR”.

 

Our laboratory and corporate headquarters are located in Menlo Park, California.

 

Business Strategy

 

Our strategic objective is to secure, maintain and exploit a leading scientific, commercial and intellectual property position in the arena of mitochondria based therapeutics, with best-in-class treatments for diseases associated with aging and metabolic dysfunction. The key elements of our strategy include:

 

 advancing our lead program to IND submission andCB4211 through clinical trials;

 

 utilizing our proprietary technology platform to continue identifying, assessing and optimizing new analogs of biologically active MDPs and advancing research and development on those MBT candidates with the greatest therapeutic and commercial potential;

 

 developing strategic partnerships with leading pharmaceutical companies and other organizations to advance our research programs and future development and commercialization efforts;

 

 raising adequate capital to fund our operations, research and clinical development programs;

 

 minimizing operating costs and related funding requirements for our research and development activities through careful program management and cost-efficient relationships with academic partners, consultants and contract research organizations (CROs);

 

 optimizing the development ofcontinuing to optimize our intellectual property portfolio to capture all novel therapeutically relevant peptides encoded within the mitochondrial genome; and

 

 increasing awareness and recognition of our team, assets, capabilities and opportunities within the investment and scientific communities.

 

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OUR PIPELINE

 

Our pipeline includes a number of MDPs and MBT candidates in different stages of pre-clinical and early clinical study. Our research efforts are focused on identifying, assessing and optimizing new analogs of biologically active MDPs and advancing those MDPs considered to havecandidates with the greatest therapeutic and commercial potential as MBT candidates.potential.

 

Lead MBT Drug Candidate (CB4211)CB4211

 

In September 2016, we advanced two novel, optimized analogs of our MOTS-c MDP, CB4209 and CB4211, into IND-enabling studies as our lead MBT drug candidates with potential for treatment of NASH and obesity. In November 2017 we announced the selection of CB4211 as the final candidate for the remaining pre-IND studies. In July 2018, we announced the initiation of a Phase 1a/1b safety and biomarker study of CB4211. The double-blind, placebo-controlled clinical study will initially assess the safety, tolerability, and pharmacokinetics of CB4211 following single and multiple-ascending doses in healthy subjects. The final Phase 1b stage of the study will be an assessment of safety, tolerability, and activity in obese subjects with non-alcoholic fatty liver diseases (NAFLD). Assessments will include changes in liver fat assessed by MRI-PDFF, body weight, and biomarkers relevant to NASH and obesity.

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CB4211 is a novel, optimized analogsanalog of MOTS-c, a naturally occurring mitochondrial peptide discovered by our founders and their academic collaborators in 2012. Their research in cellscell-based assays and animal models indicated that MOTS-c plays a significant role in the regulation of metabolism. Certain of the original MOTS-c studies were published in an article entitled “The Mitochondrial-Derived Peptide, MOTS-c, Promotes Metabolic Homeostasis and Reduces Obesity and Insulin Resistance,” which appeared in the March 3, 2015 edition of the journal Cell Metabolism.

 

In pre-clinical models, both CB4209 and CB4211 demonstrated significant therapeutic potential for the treatment of NASH, showing improvements in triglyceride levels, as well as favorable effects on liver enzyme markers associated with NAFLD and NASH,NASH. Both CB4209 and CB4211 also demonstrated significant therapeutic potential for the treatment of obesity, demonstrating significantly greater weight loss together with more selective reduction of fat mass versus lean mass in head-to-head comparison to a market-leading obesity drug.drug in diet induced obese (DIO) mice. The therapeutic effects of CB4209 and CB4211 have been further evaluated in the well-established preclinical STAM™ mouse model of NASH. In this model, treatment with CB4209 or CB4211 resulted in a significant reduction of the non-alcoholic fatty liver disease activity score, or NAS, a composite measure of steatosis (fat accumulation), inflammation and hepatocyte ballooning (cellular injury). Additional pre-clinicalData from these studies are ongoing or planned. CB4211 represents a first-in-class drug candidatewere presented at the American Association for the treatmentStudy of Liver Disease (AASLD) 2017 Liver Meeting® in October, 2017.

In addition to the therapeutic potential indicated by the pre-clinical models described above, Data were presented at the 2018 American Diabetes Association meeting providing in vitro evidence that CB4211 inhibits adipocyte lipolysis, a process that is foundational in the development of liver steatosis, through an insulin-dependent mechanism. These data provide a potential mechanistic explanation for previous observations in vivo, including efficacy of CB4211 in animal models of NASH, and obesity, targeting energy regulationanti-steatotic effects on livers of mice on a high fat diet, where a corresponding reduction in circulating fat and lipid metabolism.biomarkers of liver damage was also observed. The activity of CB4211 appears to be specific to sensitizing insulin action on the insulin receptor. 

 

Investigational Programs

 

Our R&D pipeline also includes the MDPs described below. Our pre-clinical activities with respect to these peptides are focused on identifying and optimizing those MDPs and their analogs that demonstrate the greatest commercial and therapeutic potential as MBTs.

New MDP Analogs: Our internal discovery efforts have resulted in identification of more than 100 previously unidentified peptides encoded within the mitochondrial genome. These MDPs and their analogs have demonstrated various degrees of biological activity in a wide range of cell based and/or animal models relevant to diseases, such as NASH, obesity, T2D, cancer, cardiovascular disease and Alzheimer’s disease.

 

SHLP Analogs: Our founders and their academic collaborators discovered several peptides encoded within the mitochondrial genome with a similar origin to humanin, the first discovered peptide; we refer to these as small humanin-like peptides, or SHLPs. In cancer treatment models conducted by our founders and their collaborators, both in cell culture and in mice, SHLP-6 demonstrated suppression of cancer progression via mechanisms involving both suppression of tumor angiogenesis (blood vessel development) and induction of apoptosis (cancer cell death). There is also preclinical evidence to suggest that SHLP-2 has protective effects against neuronal toxicity. Certain of the SHLP studies were published in a research paper entitled “Naturally occurring mitochondrial-derived peptides are age-dependent regulators of apoptosis, insulin sensitivity, and inflammatory markers,” which appeared in the April 2016 edition of the journal Aging.

 

Humanin Analogs: Humanin has demonstrated protective effects in various animal models of age-related diseases, including Alzheimer’s disease, atherosclerosis, myocardial and cerebral ischemia and T2D. Humanin levels in humans have been shown to decline with age, and elevated levels of humanin together with lower incidence of age-related diseases have been observed in centenarians as well as their offspring. In vitro studies with humanin and humanin analogs have demonstrated protective effects against neuronal toxicity suggesting that a humanin analog may have potential for development as an MBT treatment for neurodegenerative diseases such as Alzheimer’s disease.

 

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Additional Discovered MDPs: Our internal discovery efforts have resulted in identification of more than 100 previously unidentified peptides encoded within the mitochondrial genome. These MDPs and their analogs have demonstrated various degrees of biological activity in a wide range of cell based and/or animal models relevant to diseases, such as NASH, obesity, T2D, cancer, cardiovascular disease and Alzheimer’s disease.

 

All of our pipeline MDPs and MBT candidates are in the pre-clinical stageor, with respect to CB4211, the early clinical stages of development, and there is no guarantee that the activity demonstrated in pre-clinical models will be shown in human testing.

 

OUR TECHNOLOGY PLATFORM

 

Our proprietary technology platform is designed to rapidly identify therapeutically relevant peptides encoded within the mitochondrial genome, to evaluate their biological activity, and to develop these peptides into novel MBTs that have the potential to treat diseases with major unmet medical needs. We believe our technology platform presentsprovides multiple opportunities for value creation. Our multiplexed peptide optimization process is designed to discover numerous potential drug candidate opportunities with near term value. These drug candidates couldcan be internally developed by CohBar or advanced through strategic partnerships with larger pharmaceutical companies. At the same time, our strategy of capturing the most valuable MBT space by aggressively filing for broad intellectual property coverage is designed to secure CohBar’s leadership role in the field and protect our ability to create additional value in the future.

 

We use a broad range of proprietary activity screens to assess the therapeutic potential of our novel peptides and to prioritize our development opportunities. Some of our novel peptides have demonstrated promising biological effects in a variety of in vitro and/or in vivo models of age relatedage-related diseases. We are prioritizing our novel peptides by assessing their activity in areas such as metabolic regulation, oxidative stress, cellular energy levels, cell proliferation, cell death, cellular protection, carbohydrate metabolism, lipid metabolism, body weight, regulation of body fat, insulin sensitivity, regulation of glucose, glucose tolerance, and liver function. 

 

Corporate Information

 

Our Company was formed as a Delaware limited liability company on October 19, 2007. We converted to a Delaware corporation under the provisions of the Delaware Limited Liability Company Act and the Delaware General Corporation Law on September 16, 2009. Our principal executive offices are located at 1455 Adams Dr., Suite 2050, Menlo Park, CA 94025. Our telephone number is (650) 446-7888. We maintain a website at www.cohbar.com. The information contained on, connected to or that can be accessed via our website is not a part of, and is not incorporated into, this prospectus and the inclusion of our website address in this prospectus is an inactive textual reference only. We have no subsidiaries.

 

THE OFFERING

Common stock offered by the selling stockholders780,500 shares of our common stock may be offered from time to time by the selling stockholders identified in this prospectus.  The shares are issuable upon the exercise of common stock purchase warrants having an exercise price of $5.30 per share.
Shares outstandingAs of the date of this prospectus, we had an aggregate of 42,463,796 shares of common stock outstanding.
Use of proceedsWe will not receive any proceeds from the sale of shares in this offering.
Risk factorsYou should read the “Risk Factors” section of this prospectus for a discussion of factors to consider carefully before deciding to invest in shares of our common stock.
Ticker symbolsOur common stock is traded on the Nasdaq Capital Market under the symbol “CWBR.”

The number of shares of our common stock outstanding excludes the following:

 45,525,834 shares of our common stock issuable upon the exercise of stock options outstanding as of July 26, 2018 at a weighted average exercise price of $2.03 per share;

 5,039,205 shares of our common stock issuable upon exercise of warrants outstanding as of July 26, 2018 at a weighted average exercise price of $2.37 per share; and

3,777,712 shares of our common stock available for future issuance under our 2011 Equity Incentive Plan, as of July 26, 2018.

Unless otherwise indicated, all information in this prospectus assumes no exercise of the outstanding options or warrants described above.

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RISK FACTORS

 

An investment in our securities involves a high degree of risk. Before making any investment decision, you should carefully consider the risk factors, set forth below, under the caption “Risk Factors” in any applicable prospectus supplement and under the caption “Risk Factors” in our most recent annual report on Form 10-K and our subsequent quarterly reports on Form 10-Q, which are incorporated by reference in this prospectus, as well as in any applicable prospectus supplement, as updated by our subsequent filings under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

These risks could materially affect our business, results of operation or financial condition and affect the value of our securities. Additional risks and uncertainties that are not yet identified may also materially harm our business, operating results and financial condition and could result in a complete loss of your investment. You could lose all or part of your investment. For more information, see “Where You Can Find More Information.”

 

Risks Related to Our Securities and the OfferingCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Future sales or other dilutionThis prospectus, including “Prospectus Summary,” “Risk Factors,” “Use of Proceeds,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business,” contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our equity could depressbusiness, future plans and strategies, projections, anticipated events, and trends, the market priceeconomy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions. These forward-looking statements include, but are not limited to, the following:

statements regarding anticipated outcomes of research, pre-clinical and clinical trials for CB4211 or other MBT candidates;

expectations regarding the future market for any drug we may develop;

expectations regarding the growth of MBTs as a significant future class of therapeutic products;

statements regarding the anticipated therapeutic properties of drug development candidates derived from MDPs;

expectations regarding our ability to effectively protect our intellectual property;

statements concerning perceived competitive advantages and our ability to defend competitive advantages;

expectations regarding timeframes associated with clinical trials and development of CB4211, including timeframes for completion and anticipated outcomes and of our phase 1 a/b clinical trial for CB4211; and

expectations regarding our ability to attract and retain qualified employees and key personnel.

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Because forward-looking statements relate to the future, they are subject to a number of risks, uncertainties and assumptions, which are difficult to predict and many of which are outside of our common stock.

Salescontrol, including those described in “Risk Factors.” Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our common stock, preferred stock, warrants, unitsbusiness or the extent to which any factor, or combination of the foregoingfactors, may cause actual results to differ materially from those contained in the public market, or the perception that such sales could occur, could negatively affect the price of our common stock. If one or more of our shareholders were to sell large portions of their holdings in a relatively short time, for liquidity or other reasons, the prevailing market price of our common stock could be negatively affected.

any forward-looking statements we may make. In addition, the issuance of additional shares of our common stock, securities convertible into or exercisable for our common stock, other equity-linked securities, including preferred stock or warrants or any combination of the securities pursuant to this prospectus will dilute the ownership interest of our common shareholders and could depress the market price of our common stock and impair our ability to raise capital through the sale of additional equity securities.

We may need to seek additional capital. If this additional financing is obtained through the issuance of equity securities or warrants to acquire equity securities, our existing shareholders could experience significant dilution upon the issuance, conversion or exercise of such securities.

Our management will have broad discretion over the use of the proceeds we receive from the sale of our securities pursuant to this prospectus and might not apply the proceeds in ways that increase the value of your investment.

Our management will have broad discretion to use the net proceeds from any offerings under this prospectus, and you will be relying on the judgment of our management regarding the applicationlight of these proceeds. Except as described in any prospectus supplement or in any related free writing prospectus that we may authorize to be provided to you,risks, uncertainties and assumptions, the net proceeds received by us from our sale of the securities described in this prospectus will be added to our general fundsforward-looking events and will be used for general corporate purposes. Our management might not apply the net proceeds from offerings of our securities in ways that increase the value of your investment and might not be able to yield a significant return, if any, on any investment of such net proceeds. You may not have the opportunity to influence our decisions on how to use such proceeds.

FORWARD-LOOKING STATEMENTS

Some of the statements contained or incorporated by referencecircumstances discussed in this prospectus may be “forward-looking statements” withinnot occur and actual results could differ materially and adversely from those anticipated or implied in the meaning of Section 27Aforward-looking statements. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among other things, the following:

our ability to successfully produce interim results from a clinical trial of CB4211 and whether such results will be predictive of the final results of the trial or results of early clinical studies, and whether such results will be indicative of the results of future studies;

our ability to obtain required regulatory approvals to develop and market our product candidates;

our ability to raise additional capital on favorable terms;

our ability to execute our research and development plan on time and on budget;

our ability to obtain commercial partners;

our ability, whether alone or with commercial partners, to successfully develop and commercialize a product candidate;

our ability to identify and develop additional drug candidates; and

other risk factors included under “Risk Factors” in this prospectus.

This list is not exhaustive of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act andfactors that may involve material risks, assumptions and uncertainties. Forward-looking statements typically are identified by the use of terms such as “may,” “will,” “should,” “believe,” “might,” “expect,” “anticipate,” “intend,” “plan,” “estimate” and similar words, although someaffect our forward-looking statements. You should not rely upon forward-looking statements are expressed differently.

as predictions of future events. Although we believe that the expectations reflected in suchthe forward-looking statements are reasonable, these statements are not guaranteeswe cannot guarantee that the future results, levels of futureactivity, performance or events and involve certain risks and uncertainties that are difficult to predict and which may cause actual outcomes and results to differ materially from what is expressed or forecastedcircumstances reflected in such forward-looking statements. Thesethe forward-looking statements speakwill be achieved or occur. Any forward-looking statement made by us in this prospectus is based only on information currently available to us and speaks only as of the date on which they are made andit is made. Moreover, except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Except as required by applicable law, we undertake no obligation to update publicly release the results of any revision or update of these forward-looking statements whether as a resultfor any reason after the date of new information, future events or otherwise. If we do update or correct one or more forward-lookingthis prospectus to conform these statements you should not conclude that we will make additional updates or corrections with respect thereto or with respect to other forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and eventsor to differ materially from our forward-looking statements is includedchanges in our periodic reports filed with the SEC and in the “Risk Factors” section of this prospectus.expectations.

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USE OF PROCEEDS

 

Except as may be statedWe are filing the registration statement of which this prospectus is a part to permit holders of the shares of our common stock described in the applicable prospectus supplement, we intendsection entitled “Selling Stockholders” to use the netresell such shares. We will not receive any proceeds we receive from the saleresale of the securitiesany shares offered by this prospectus by the selling stockholders.

The selling stockholders will pay any underwriting discounts and commissions and expenses incurred by such selling stockholders for general corporate purposes, which may include, amongbrokerage, accounting, tax or legal services or any other things, capital expenditures,expenses incurred by such selling stockholders in disposing of the financingshares. We will bear all other costs, fees and expenses incurred in effecting the registration of possible acquisitions or business expansions, increasingthe shares covered by this prospectus, including, without limitation, all registration, filing and exchange listing fees, and fees and expenses of our working capitalcounsel and the financingour auditors.

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Table of ongoing research and development, operating expenses and overhead.Contents

  

DESCRIPTION OF CAPITAL STOCK

 

The following is a summary of our capital stock and certain provisions of our Third Amended and Restated Certificate of Incorporation (“Certificate of Incorporation”) and Amended and Restated Bylaws (“Bylaws”). This summary does not purport to be complete and is qualified in its entirety by the provisions of our ArticlesCertificate of Incorporation, as amended, our Amended and Restated Bylaws, and applicable provisions of the Delaware General Corporation Law.

 

See “Where You Can Find More Information” elsewhere in this prospectus for information on where you can obtain copies of our Certificate of Incorporation and Bylaws, which have been filed with and are publicly available from the SEC.

 

Our authorized capital stock consists of 75,000,000 shares of common stock, par value $0.001 per share, and 5,000,000 shares of preferred stock, par value $0.001 per share.  Currently, we have no other authorized class of stock. 

 

DESCRIPTION OF COMMON STOCK

 

As of the date of this prospectus, we had an aggregate of 39,420,83742,463,796 shares of our common stock outstanding. Our outstanding capital stock was held by 97approximately 72 stockholders of record as of the date of this prospectus. This number does not include beneficial owners whose shares are held by nominees in street name.

 

Dividend Rights

 

Subject to any preferences that may be applicable to any then outstanding shares of preferred stock, holders of our common stock are entitled to receive dividends of cash, property or shares of our capital stock that we pay or distribute out of funds legally available if our board of directors, in its discretion, determines to issue dividends and only then at the times and in the amounts that our board of directors may determine. For further information on our dividend policy, see “Dividend Policy” above.

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Voting Rights

 

Each holder of our common stock is entitled to one vote for each share of common stock held by such holder on all matters on which stockholders generally are entitled to vote, provided that holders of common stock are not entitled to vote on amendments to our Certificate of Incorporation related solely to the terms of one or more outstanding series of preferred stock if the holders of such series are entitled to vote thereon, unless required by law. Our stockholders do not have cumulative voting rights in the election of directors. Accordingly, subject to the preferences that may be applicable to any then outstanding shares of preferred stock, holders of a majority of the voting shares are able to elect all of the directors.

 

Liquidation

 

In the event of our dissolution or liquidation, whether voluntary or involuntary, holders of our common stock will be entitled to share ratably in the net assets legally available for distribution to stockholders after the payment of all of our debts and other liabilities and subject to any preferential or other rights of any then outstanding shares of preferred stock.

 

Rights and Preferences

 

Holders of our common stock have no preemptive, conversion, subscription or other rights, and there are no redemption or sinking fund provisions applicable to our common stock. The rights, preferences and privileges of the holders of our common stock are subject to and may be adversely affected by the rights of the holders of shares of any series of our preferred stock that we may designate in the future.

 

Authorized but unissued sharesUnissued Shares

        

The authorized but unissued shares of common stock and preferred stock are available for future issuance without stockholder approval, subject to any limitations imposed by the listing standards of the TSX-VNasdaq Capital Market, or any other exchange or quotation service on which our stock may be traded. These additional shares may be used for a variety of corporate finance transactions, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could make more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

 

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Transfer Agent and Registrar

 

The main transfer agent and registrar for our common stock is AST Trust Company (Canada) in Vancouver, British Columbia, and the co-transfer agent and co-registrar for our common stock is American Stock Transfer & Trust Company, LLC in New York, New York. The agent and registrar for our warrants is AST Trust Company (Canada) in Vancouver, British Columbia.

 

Stock Exchange Listing

 

Our common stock is traded on the TSX-V under the symbol “COB.U” and on the OCTQXNasdaq Capital Market under the symbol “CWBR.”

 

DESCRIPTION OF PREFERRED STOCK

AsDelaware Anti-Takeover Law, Provisions of the date of this prospectus, no shares of preferred stock had been issued or were outstanding. Our board of directors has the authority, without further action by our stockholders, to issue up to 5,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of common stock. The issuance of preferred stock by us could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change of control of our company or other corporate action.

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We will file as an exhibit to the Registration Statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of any certificate of designation or amendment to our Certificate of Incorporation that describes the terms of any series of preferred stock we are offering before the issuance of that series of preferred stock. This description will include, but not be limited to, the following: (i) the title and stated value; (ii) the number of shares we are offering; (iii) the liquidation preference per share; (iv) the purchase price; (v) the dividend rate, period and payment date and method of calculation for dividends; (vi) whether dividends will be cumulative or non-cumulative and, if cumulative, the date from which dividends will accumulate; (vii) the provisions for a sinking fund, if any; (viii) the provisions for redemption or repurchase, if applicable, and any restrictions on our ability to exercise those redemption and repurchase rights; (ix) whether the preferred stock will be convertible into our common stock, and, if applicable, the conversion price, or how it will be calculated, and the conversion period; (x) whether the preferred stock will be exchangeable into debt securities, and, if applicable, the exchange price, or how it will be calculated, and the exchange period; (xi) voting rights, if any, of the preferred stock; (x) preemptive rights, if any; (xi) restrictions on transfer, sale or other assignment, if any; (xii) a discussion of any material United States federal income tax considerations applicable to the preferred stock; (xiii) the relative ranking and preferences of the preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; (xiv) any limitations on the issuance of any class or series of preferred stock ranking senior to or on a parity with the series of preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs and (xv) any other specific terms, preferences, rights or limitations of, or restrictions on, the preferred stock.Bylaws

 

DESCRIPTION OF WARRANTSDelaware Anti-Takeover Law

 

We may issue warrants for the purchase of common stock and/or preferred stock in one or more series. We may issue warrants independently or together with common stock and/or preferred stock and the warrants may be attached to or separate from these securities. While the terms summarized below will apply generally to any warrants that we may offer, we will describe the particular terms of any series of warrants in more detail in the applicable prospectus supplement. The terms of any warrants offered under a prospectus supplement may differ from the terms described below.

We will file as exhibits to the Registration Statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of warrant agreement, including a form of warrant certificate, that describes the terms of the particular series of warrants we are offering before the issuance of the related series of warrants. The following summaries of material provisions of the warrants and the warrant agreements are subject to and qualified in their entirety by reference to, all the provisionsSection 203 of the warrant agreement and warrant certificate applicable toDelaware General Corporation Law. Section 203 generally prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the particular series of warrants that we may offer under this prospectus. We urge you to read the applicable prospectus supplements related to the particular series of warrants that we may offer under this prospectus, as well as any related free writing prospectuses, and the complete warrant agreements and warrant certificates that contain the termsdate of the warrants.

General

We will describetransaction in which the applicable prospectus supplement the terms of the series of warrants being offered, including:person became an interested stockholder, unless:

 

 prior to the offering price and aggregate numberdate of warrants offered;the transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;
   
 the currencyinterested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (i) shares owned by persons who are directors and also officers and (ii) shares owned by employee stock plans in which employee participants do not have the warrants mayright to determine confidentially whether shares held subject to the plan will be purchased;tendered in a tender or exchange offer; or
   
 if applicable,on or subsequent to the designation and termsdate of the securities withtransaction, the business combination is approved by the board and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the warrants are issuedinterested stockholder.

Section 203 defines a business combination to include:

any merger or consolidation involving the corporation and the number of warrants issued with each such security or each principal amount of such security;interested stockholder;
   
 if applicable,any sale, transfer, pledge or other disposition involving the date on and after whichinterested stockholder of 10% or more of the warrants andassets of the related securities will be separately transferable;corporation;
   
 subject to exceptions, any transaction that results in the case of warrants to purchase common stockissuance or preferred stock,transfer by the number of shares of common stock or preferred stock, as the case may be, purchasable upon the exercise of one warrant and the price at which these shares may be purchased upon such exercise;

the effectcorporation of any merger, consolidation, sale or other disposition of our business on the warrant agreements and the warrants;

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the terms of any rights to redeem or call the warrants;

any provisions for changes to or adjustments in the exercise price or number of securities issuable upon exercisestock of the warrants;corporation to the interested stockholder; or
   
 the dates onreceipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.

In general, Section 203 defines an interested stockholder as any entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with, or controlling, or controlled by, the entity or person. The term “owner” is broadly defined to include any person that, individually, with or through that person’s affiliates or associates, among other things, beneficially owns the stock, or has the right to acquire the stock, whether or not the right is immediately exercisable, under any agreement or understanding or upon the exercise of warrants or options or otherwise or has the right to vote the stock under any agreement or understanding, or has an agreement or understanding with the beneficial owner of the stock for the purpose of acquiring, holding, voting or disposing of the stock.

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The restrictions in Section 203 do not apply to corporations that have elected, in the manner provided in Section 203, not to be subject to Section 203 of the Delaware General Corporation Law or, with certain exceptions, which do not have a class of voting stock that is listed on a national securities exchange or held of record by more than 2,000 stockholders. Our Certificate of Incorporation and Bylaws do not opt out of Section 203.

Section 203 could delay or prohibit mergers or other takeover or change in control attempts with respect to us and, accordingly, may discourage attempts to acquire us even though such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing market price.

Certificate of Incorporation and Bylaws

Provisions of our Certificate of Incorporation and Bylaws may delay or discourage transactions involving an actual or potential change in our control or change in our management, including transactions in which stockholders might otherwise receive a premium for their shares, or transactions that our stockholders might otherwise deem to be in their best interests. Therefore, these provisions could adversely affect the price of our common stock. Among other things, our Certificate of Incorporation and Bylaws:

permit our board of directors to issue up to 5,000,000 shares of preferred stock, without further action by the stockholders, with any rights, preferences and privileges as they may designate, including the right to exercise the warrants will commence and expire;approve an acquisition or other change in control;
   
 provide that the manner in which the warrant agreements and warrantsauthorized number of directors may be modified;changed only by resolution of the board of directors;
   
 provide that all vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of a discussionmajority of any material or special United States federal income tax consequences of holding or exercising the warrants;directors then in office, even if less than a quorum;
   
 do not provide for cumulative voting rights (therefore allowing the termsholders of a majority of the securities issuable upon exerciseshares of common stock entitled to vote in any election of directors to elect all of the warrants;directors standing for election, if they should so choose); and
   
 any other specific terms, preferences, rights or limitations of or restrictions on the warrants.

Before exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including in the case of warrants to purchase common stock or preferred stock, the right to receive dividends, if any, or payments upon our liquidation, dissolution or winding up or to exercise voting rights, if any.

Exercise of Warrants

Each warrant will entitle the holder to purchase the securities that we specify in the applicable prospectus supplement at the exercise price that we describe in the applicable prospectus supplement. Holders of the warrants may exercise the warrants at any time up to the specified time on the expiration date that we set forth in the applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void.

Holders of the warrants may exercise the warrants by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required amount to the warrant agent in immediately available funds, as provided in the applicable prospectus supplement. We will set forth on the reverse side of the warrant certificate and in the applicable prospectus supplement the information that the holder of the warrant will be required to deliver to the warrant agent.

If fewer than all of the warrants represented by the warrant certificate are exercised, then we will issue a new warrant certificate for the remaining amount of warrants. If we so indicate in the applicable prospectus supplement, holders of the warrants may surrender securities as all or part of the exercise price for warrants.

DESCRIPTION OF UNITS

As specified in the applicable prospectus supplement, we may issue, in one more series, units consisting of common stock, preferred stock and/or warrants for the purchase of common stock and/or preferred stock in any combination. The applicable prospectus supplement will describe:

.

the securities comprising the units, including whether and under what circumstances the securities comprising the units may be separately traded;
the terms and conditions applicableset forth an advance notice procedure with regard to the units, includingnomination, other than by or at the direction of our board of directors, of candidates for election as directors and with regard to business to be brought before a descriptionmeeting of the terms of any applicable unit agreement governing the units; and
a description of the provisions for the payment, settlement, transfer or exchange of the units.stockholders.

 

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SELLING STOCKHOLDERS

The following table was prepared as of July 26, 2018, on the basis of information available to us on that date, and details the name of each selling stockholder, the number of shares owned by that selling stockholder, and the number of shares that may be offered by each selling stockholder for resale under this prospectus. The selling stockholders may sell up to 780,500 shares of our common stock under this prospectus. Because each selling stockholder may offer all, some or none of the shares it holds, and because, based upon information provided to us, there are currently no agreements, arrangements or understandings with respect to the sale of any of the shares, no definitive estimate as to the number of shares that will be held by each selling stockholder after the offering can be provided. The following table has been prepared on the assumption that all shares offered under this prospectus will be sold to parties unaffiliated with the selling stockholders.

Name of Selling Stockholder Number of Shares Owned
Prior to
Offering (1)
  Shares Included in Prospectus  Number of Shares of Common Stock Owned After the Offering  Percentage Ownership after Completion of Offering (2)(3) 
Nancy Graham (6)  76,500   30,000   46,500   * 
Brian Bayley (7)  440,000   80,000   360,000   * 
Eric Hemel (8)  535,000   75,000   460,000   1.1%
KRE Trust (9)  200,000   20,000   180,000   * 
Jill Ann Anderson (10)  1,439,022   22,500  1,416,522   3.3%
Robert Anderson (11)  1,439,022   22,500  1,416,522   3.3%
The O'Donnell Family Trust (12)  187,000   5,000   182,000   * 
Keith F.  Pinsoneault (13)  60,000   22,500   37,500   * 
Steven P. Carroll and Jessica L. Carroll 1998 Trust (14)  287,300   20,000   267,300   * 
Michael Cantor (15)  153,334   20,000   133,334   * 
Jeffrey Biunno (4)(16)  414,960   1,500   413,460   1.0%
Marco & Sabrina Hellman Family Trust (17)  1,105,975   45,000   1,060,975   2.5%
Hellman Children's LLC (18)  431,668   15,000   416,668   1.0%
Miriam Hinrich (19)  383,334   50,000   333,334   * 
PENSCO Trust Company LLC, Custodian FBO Floyd R Ganassi SEP IRA (20)  229,798   36,000   193,798   * 
Hilary H. Davis Beneficiary Craig Hope (DECD) WFCS Custodian Bene Trad IRA (21)  110,000   10,000   100,000   * 
Jon Stern (4)(5)(22)  2,075,719   28,000   2,047,719   4.8%
Simon Allen (4)(23)  729,720   2,000   727,720   1.7%
Mark J. Blumenthal (24)  169,168   15,000   154,168   * 
The Feldman Family Trust (25)  28,000   8,000   20,000   * 
Allen Family Superannuation Fund (26)  28,333   15,000   13,333   * 
Albion J. Fitzgerald (5)(27)  2,634,566   75,000   2,559,566   6.0%
Lisa Zumpano (28)  302,000   105,000   197,000   * 
Colin Rothery (29)  228,800   20,000   208,800   * 
Greg Bonkowski (30)  20,000   20,000   -   - 
Rick Langer (31)  25,000   20,000   5,000   * 
MSN Investments, Inc. (32)  20,000   20,000   -   - 

(1)The number and percentage of shares beneficially owned is determined in accordance with Rule 13d-3 of the Exchange Act, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any shares as to which the selling stockholders has sole or shared voting power or investment power and also any shares which the selling stockholders has the right to acquire within 60 days.
(2)This percentage is based upon 42,463,796 shares issued and outstanding as of July 20, 2018, plus the additional shares that the selling stockholder is deemed to beneficially own.
(3)Assumes the sale of all shares of common stock registered pursuant to this prospectus, although the selling stockholders are under no obligations known to us to sell any shares of common stock at this time.
(4)The selling stockholder is an officer of the Company.

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(5)The selling stockholder is a director of the Company.
(6)Shares of common stock included in the prospectus represents 30,000 shares of common stock underlying currently exercisable warrants held of record by Nancy L. Graham Living Trust.

(7)Shares of common stock owned prior to the offering includes 265,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 80,000 shares of common stock underlying currently exercisable warrants.
(8)Shares owned prior to the offering includes 75,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 75,000 shares of common stock underlying currently exercisable warrants held of record by Pensco Trust Company LLC Custodian FBO Eric Hemel Roth IRA.

(9)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants. Kurt Maier is the beneficial owner of securities held of record by the KRE Trust.

(10)Shares of common stock owned prior to the offering includes (i) 33,340 shares of common stock and 33,340 shares of common stock underlying currently exercisable warrants not included in this prospectus and held of record by Jill Ann Anderson Charles Schwab Cust SEP-IRA, (ii) 16,700 shares of common stock and 16,700 shares of common stock underlying currently exercisable warrants not included in this prospectus and held of record by Anderson Living Trust U/A DTD 08/20/1999, (iii) 90,000 shares underlying currently exercisable warrants not included in this prospectus and held of record by Robert Anderson; and (iv) 857,150 shares held of record by Merrill Lynch f/b/o Robert Anderson. Shares of common stock included in this prospectus represents 22,500 shares of common stock underlying currently exercisable warrants held of record by Anderson Living Trust U/A DTD 08/20/1999. Jill Ann Anderson is a beneficial owner of those securities beneficially owned by her husband, Robert Anderson, and the Anderson Living Trust U/A DTD 8/20/1999.
(11)Shares of common stock owned prior to the offering includes (i) 33,340 shares of common stock and 33,340 shares of common stock underlying currently exercisable warrants not included in this prospectus and held of record by Jill Ann Anderson Charles Schwab Cust SEP-IRA, (ii) 16,700 shares of common stock and 16,700 shares of common stock underlying currently exercisable warrants not included in this prospectus and held of record by Anderson Living Trust U/A DTD 08/20/1999, (iii) 90,000 shares underlying currently exercisable warrants not included in this prospectus; and (iv) 857,150 shares held of record by Merrill Lynch f/b/o Robert Anderson. Shares of common stock included in this prospectus represents 22,500 shares of common stock underlying currently exercisable warrants held of record by Anderson Living Trust U/A DTD 08/20/1999. Robert Anderson is a beneficial owner of those securities beneficially owned by his wife, Jill Ann Anderson,and the Anderson Living Trust U/A DTD 8/20/1999.

(12)Shares of common stock owned prior to the offering includes 50,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 5,000 shares of common stock underlying currently exercisable warrants. William Malcolm O’Donnell, Jr. and Gail O’Donnell are the beneficial owners of the O’Donnell Family Trust.
(13)Shares of common stock owned prior to the offering includes 50,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 22,500 shares of common stock underlying currently exercisable warrants.
(14)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants. Steven P. Carroll and Jessica L. Carroll are the beneficial owners of securities held of record by the Steven P. Carroll and Jessica L. Carroll 1998 Trust.
(15)Shares owned prior to this offering includes 66,667 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares included in this prospectus represents 20,000 shares of common stock underlying currently exercisable warrants.

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(16)Shares of common stock owned prior to the offering includes (i) 403,960 shares of common stock subject to stock options exercisable within 60 days of July 20, 2018, (ii) 1,000 shares of common stock held in an account of Mr. Biunno’s daughter, and (iii) 10,000 shares held in Mr. Biunno’s own account.  Shares of common stock included in the prospectus represents 1,500 shares of common stock underlying currently exercisable warrants.
(17)Shares of common stock owned prior to the offering includes 100,000 shares underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 45,000 shares of common stock underlying currently exercisable warrants. Marco W. Hellman and Sabrina Harryman Hellman are the beneficial owners of securities held of record by the Marco & Sabrina Hellman Family Trust.
(18)Shares of common stock owned prior to the offering includes 33,334 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 15,000 shares of common stock underlying currently exercisable warrants.
(19)Shares of common stock owned prior to the offering includes 166,667 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 50,000 shares of common stock underlying currently exercisable warrants held of record by Hinrich Investments Limited.
(20)Shares of common stock owned prior to the offering includes 80,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 36,000 shares of common stock underlying currently exercisable warrants.
(21)Shares of common stock owned prior to the offering includes 50,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 10,000 shares of common stock underlying currently exercisable warrants. Hilary H. Davis is the beneficial owner of securities held of record by Hilary H. Davis Beneficiary Craig Hope (DECD) WFCS Custodian Bene Trad IRA.
(22)Shares of common stock owned prior to the offering includes (i) 563,662 shares of common stock subject to stock options exercisable within 60 days of July 20, 2018, (ii) 900,075 shares of common stock underlying currently exercisable warrants not included in this prospectus, and (iii) 22,000 shares of common stock held in accounts of Mr. Stern’s children.  Shares of common stock included in this prospectus represents (i) 20,000 shares of common stock underlying currently exercisable warrants and (ii) 8,000 shares of common stock underlying currently exercisable warrants held of record by Alfred’s Trust under Beatrice Stern Special Trust No. 2.

(23)Shares of common stock owned prior to the offering includes (i) 10,000 shares of common stock underlying currently exercisable warrants not included in this prospectus, and (ii) 707,520 shares of common stock subject to stock options exercisable within 60 days of July 20, 2018.  Shares of common stock included in this prospectus represents 2,000 shares of common stock underlying currently exercisable warrants.
(24)Shares of common stock owned prior to the offering includes 33,334 shares of common stock underlying currently exercisable warrants held of record by The Blumenthal Living Trust. Shares of common stock included in the prospectus represents 15,000 shares of common stock underlying currently exercisable warrants held of record by The Blumenthal Living Trust. Mark J. Blumenthal and Susan O. Blumenthal are the beneficial owners of The Blumenthal Living Trust.
(25)Shares of common stock owned prior to the offering includes 20,000 shares of common stock underlying currently exercisable warrants not included in this prospectus. Shares of common stock included in the prospectus represents 8,000 shares of common stock underlying currently exercisable warrants.  Andrew Feldman and Jeri Feldman are the beneficial owners of The Feldman Family Trust.
(26)Shares of common stock included in the prospectus represents 15,000 shares of common stock underlying currently exercisable warrants. Kenneth Craig Allen and Jill Sherwood Allen are the beneficial owners of the securities held of record by Allen Family Superannuation Fund.

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(27)Shares of common stock owned prior to the offering includes (i)456,250 shares of common stock subject to stock options exercisable within 60 days of July 20, 2018 and (ii) 6,982 shares of common stock underlying currently exercisable warrants not included in this prospectus.  Shares of common stock included in this prospectus represents 75,000 shares of common stock underlying currently exercisable warrants.
(28)Shares owned prior to this offering include 40,000 shares of common stock underlying currently exercisable warrants held of record by Brian McAlister not included in this prospectus. Shares of common stock included in the prospectus represents 105,000 shares of common stock underlying currently exercisable warrants held of record by RBC Dominion Securities in Trust for Lisa Zumpano. Lisa Zumpano is a beneficial owner of those securities beneficially owned by her husband, Brian McAlister.
(29)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants held of record by Canaccord Genuity Corp. ITF Colin Rothery.
(30)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants.
(31)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants held of record by Canaccord Genuity Corp. ITF Rick Langer.
(32)Shares of common stock included in the prospectus represents 20,000 shares of common stock underlying currently exercisable warrants.

*Less than 1%, unless otherwise specified.

None of the selling stockholders, other than those identified by disclosure above, has, or within the past three years has had, any position, office or material relationship with us or with any of our predecessors or affiliates.

PLAN OF DISTRIBUTION

 

The securities covered by this prospectus may be offered and soldselling stockholders are offering from time to time pursuant780,500 shares of our common stock. Subject to contractual restrictions imposed on certain affiliated selling stockholders described below, the selling stockholders and any of their pledgees, donees, assignees and successors-in-interest may, from time to time, sell any or all of their shares of our common stock being offered under this prospectus on any stock exchange, market or trading facility on which the shares are traded or in private transactions.  These sales may be at fixed or negotiated prices.  The selling stockholders may use any one or more of the following methods:methods when disposing of shares:

 

 through agents;ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

 block trades in which the broker-dealer will attempt to or through underwriters;sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

 

 to or through broker-dealers (actingpurchases by a broker-dealer as agent or principal);principal and resales by the broker-dealer for its account;

 

 an exchange distribution in “ataccordance with the market offerings” within the meaning of Rule 415(a)(4)rules of the Securities Act, to or through a market maker or into an existing trading market, on an exchange, or otherwise;applicable exchange;

 

 directly to purchasers, through a specific bidding or auction process or otherwise; or

through a combination of any such methods of sale.

Agents, underwriters or broker-dealers may be paid compensation for offering and selling the securities. That compensation may be in the form of discounts, concessions or commissions to be received from us, from the purchasers of the securities or from both us and the purchasers. Any underwriters, dealers, agents or other investors participating in the distribution of the securities may be deemed to be “underwriters,” as that term is defined in the Securities Act, and compensation and profits received by them on sale of the securities may be deemed to be underwriting commissions, as that term is defined in the rules promulgated under the Securities Act.

Each time securities are offered by this prospectus, the prospectus supplement, if required, will set forth:

the name of any underwriter, dealer or agent involved in the offer and sale of the securities;

the terms of the offering;

any discounts concessions or commissions and other items constituting compensation received by the underwriters, broker-dealers or agents;

any over-allotment option under which any underwriters may purchase additional securities from us; and

any initial public offering price.

The securities may be sold at a fixed price or prices, which may be changed, at market prices prevailing at the time of sale, at prices relating to the prevailing market prices or at negotiated prices. The distribution of securities may be effected from time to time in one or more transactions, by means of one or more of the following transactions, which may include cross or block trades:

transactions on the OTCQX marketplace, the TSX-V or any other organized market where the securities may be traded;

in the over-the-counter market;

inprivately negotiated transactions;

 

 under delayed delivery contracts or other contractual commitments; orto cover short sales made after the date that the registration statement, of which this prospectus is a part, is declared effective by the Commission;

broker-dealers may agree with the selling security holders to sell a specified number of such shares at a stipulated price per share;

 

 a combination of suchany of these methods of sale.sale; and

any other method permitted pursuant to applicable law.

 

If underwriters are used in a sale, securities will be acquired by the underwriters for their own account and may be resold from time to time in one or more transactions. Our securities may be offered to the public either through underwriting syndicates represented by one or more managing underwriters or directly by one or more firms acting as underwriters. If an underwriter or underwriters are used in the sale of securities, an underwriting agreement will be executed with the underwriter or underwriters at the time an agreement for the sale is reached. This prospectus and the prospectus supplement will be used by the underwriters to resell the shares of our securities. The underwriters’ commissions, discounts or concessions may qualify as underwriters’ compensation under the Securities Act and the rules of the Financial Industry Regulatory Authority, Inc., or FINRA. 

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The shares may also be sold under Rule 144 or Regulation S under the Securities Act of 1933, as amended (“Securities Act”), if available, rather than under this prospectus.  The selling stockholders have the sole and absolute discretion not to accept any purchase offer or make any sale of shares if they deem the purchase price to be unsatisfactory at any particular time.

The selling stockholders may pledge their shares to their brokers under the margin provisions of customer agreements. If 5%a selling security holder defaults on a margin loan, the broker may, from time to time, offer and sell the pledged shares.

Broker-dealers engaged by the selling stockholders may arrange for other broker-dealers to participate in sales. Broker-dealers may receive commissions or morediscounts from the selling stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated, which commissions as to a particular broker or dealer may be in excess of customary commissions to the extent permitted by applicable law.

If sales of shares offered under this prospectus are made to broker-dealers as principals, we would be required to file a post-effective amendment to the registration statement of which this prospectus is a part. In the post-effective amendment, we would be required to disclose the names of any participating broker-dealers and the compensation arrangements relating to such sales.

The selling stockholders and any broker-dealers or agents that are involved in selling the shares offered under this prospectus may be deemed to be “underwriters” within the meaning of the net proceedsSecurities Act in connection with these sales. Commissions received by these broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act.  Any broker-dealers or agents that are deemed to be underwriters may not sell shares offered under this prospectus unless and until we set forth the names of the underwriters and the material details of their underwriting arrangements in a supplement to this prospectus or, if required, in a replacement prospectus included in a post-effective amendment to the registration statement of which this prospectus is a part.

The selling stockholders and any offeringother persons participating in the sale or distribution of our securities madethe shares offered under this prospectus will be receivedsubject to applicable provisions of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and the rules and regulations under that act, including Regulation M.  These provisions may restrict activities of, and limit the timing of purchases and sales of any of the shares by, the selling security holders or any other person.  Furthermore, under Regulation M, persons engaged in a FINRA member participatingdistribution of securities are prohibited from simultaneously engaging in market making and other activities with respect to those securities for a specified period of time prior to the offering or affiliates or associated personscommencement of such FINRA member,distributions, subject to specified exceptions or exemptions.  All of these limitations may affect the offering will be conducted in accordance with FINRA Rule 5121.marketability of the shares.

 

To comply withIf any of the securities lawsshares of certain states, if applicable, the securitiescommon stock offered byfor resale pursuant to this prospectus are transferred other than pursuant to a sale under this prospectus, then subsequent holders could not use this prospectus until a post-effective amendment or prospectus supplement is filed, naming such holders.  We offer no assurance as to whether any of the selling security holders will besell all or any portion of the shares offered and sold in those states only through registered or licensed brokers or dealers.under this prospectus.

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Agents, underwriters and dealers may be entitled under agreements entered into with us to indemnification by us against specified liabilities, including liabilities incurred under the Securities Act, or to contribution by us to payments they may be required to make in respect of such liabilities. The prospectus supplement will describe the terms and conditions of such indemnification or contribution. Some of the agents, underwriters or dealers, or their respective affiliates may be customers of, engage in transactions with or perform services for us in the ordinary course of business. We will describe in the prospectus supplement naming the underwriter the nature of any such relationship.

Certain persons participating in the offering may engage in over-allotment, stabilizing transactions, short-covering transactions and penalty bids in accordance with Regulation M under the Exchange Act. We make no representation or prediction as to the direction or magnitude of any effect that such transactions may have on the price of the securities. For a description of these activities, see the information under the heading “Underwriting” in the applicable prospectus supplement.

LEGAL MATTERS

 

The validity of the securitiesshares of common stock offered in this prospectus will behereby is being passed upon for us by Garvey Schubert Barer.Barer, P.C.

 

EXPERTS

 

Our financial statements as of December 31, 20162017 and 2015,2016, and for the years then ended, incorporated by reference in this prospectus have been audited by Marcum LLP, an independent registered public accounting firm, as set forth in their report, and are included in reliance on such report given on the authority of said firm as experts in auditing and accounting.

 

WHERE YOU CAN FIND MORE INFORMATION

We file reports and other information with the SEC as required by the Exchange Act. You can find, copy and inspect information we file at the SEC’s public reference room, which is located at 100 F Street, N.E., Room 1580, Washington, DC 20549. Please call the SEC at 1-800-SEC-0330 for more information about the operation of the SEC’s public reference room. You can review our electronically filed reports and other information that we file with the SEC on the SEC’s web site at http://www.sec.gov or on our web site at http://www.elevenbio.com.

This prospectus is part of a registration statement that we filed with the SEC. The registration statement contains more information than this prospectus regarding us and the securities, including exhibits and schedules. You can obtain a copy of the registration statement from the SEC at any address listed above or from the SEC’s web site.

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

 

The SEC allows us to “incorporate by reference” the information from other documents that we file with them into this prospectus. Thisit, which means that we can disclose important information about us and our financial condition to you by referring you to another document filed separately with the SEC instead of having to repeat the information in this prospectus.those documents. The information incorporated by reference is considered to be part of this prospectus.

Information in this prospectus and latersupersedes information incorporated by reference that we filefiled with the SEC will automatically update and supersede this information. This prospectus incorporates by reference any future filings made with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, betweenprior to the date of the initial registration statementthis prospectus.

We incorporate by reference into this prospectus and prior to effectiveness of the registration statement andof which this prospectus is a part the information or documents listed below that we have previously filed with the SEC:SEC.

 

 our Annual Report on Form 10-K for the year ended December 31, 2016;2017, as filed with the Commission on April 2, 2018, including information specifically incorporated into the Registrant’s Form 10-K from the Registrant’s definitive proxy statement on Schedule 14A, as filed with the Commission on April 25, 2018, as supplemented on June 8, 2018;

our Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, as filed with the Commission on May 15, 2018;
   
our Quarterly Reports on Form 10-Q for the periods ended March 31, 2017, June 30, 2017, and September 30, 2017;

 our Current Reports on Form 8-K filed on FebruaryMarch 26, 2018; March 29, 2018; April 2, 2017,2018; April 13, 2018; April 20, 2018; April 30, 2018; May 4, 2018; May 15, 2018; May 29, 2018; June 19, 2017,7, 2018; June 23, 201712, 2018; June 21, 2018; June 27, 2018 and July 18, 2017.12, 2018; and
   
 the description of our common stock contained in our Registration Statement on Form 8-A filed with the SEC on December 17, 2014,13, 2017, including any amendments or reports filed for the purpose of updating such description.

 

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15

 

We also incorporate by reference all documents that we file with the SEC on or after the effective time of this prospectus pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act and prior to the sale of all the securities registered hereunder or the termination of the registration statement. Nothing in this prospectus shall be deemed to incorporate information furnished but not filed with the SEC.

 

Any statement contained in this prospectus or in a document incorporated or deemed to be incorporated by reference in this prospectus shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained herein or in the applicable prospectus supplement or in any other subsequently filed document which also is or is deemed to be incorporated by reference modifies or supersedes the statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.

 

You may request a copy of the filings incorporated herein by reference, including exhibits to such documents that are specifically incorporated by reference, at no cost, by writing or calling us at the following address or telephone number:

 

Simon Allen

Chief Executive Officer

1455 Adams Dr., Suite 2050

Menlo Park, CA 94025

(650) 446-7888

 

Statements contained in this prospectus as to the contents of any contract or other documents are not necessarily complete, and in each instance you are referred to the copy of the contract or other document filed as an exhibit to the registration statement or incorporated herein, each such statement being qualified in all respects by such reference and the exhibits and schedules thereto.

WHERE YOU CAN FIND MORE INFORMATION

This prospectus is part of a registration statement on Form S-3 that we filed with the SEC registering the securities that may be offered and sold hereunder. The registration statement, including exhibits thereto, contains additional relevant information about us and these securities that, as permitted by the rules and regulations of the SEC, we have not included in this prospectus. A copy of the registration statement can be obtained at the address set forth below or at the SEC’s website as noted below. You should read the registration statement, including any applicable prospectus supplement, for further information about us and these securities.

We file annual reports, quarterly reports, current reports, proxy statements and other information with the Securities and Exchange Commission (the “SEC”) under the Securities Exchange Act of 1934, as amended. You can inspect and obtain a copy of our reports, proxy statements and other information filed with the SEC at the offices of the SEC’s Public Reference Room at 100 F Street N.E., Washington, D.C. 20549, on official business days during the hours of 10 a.m. to 3 p.m. EST. Please call the SEC at 1-800-SEC-0330 for further information on the Public Reference Room. The SEC maintains an Internet website at http://www.sec.gov where you can access copies of most of our SEC filings.

We make our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, available free of charge on our corporate website. In addition, our Code of Ethics and Business Conduct and the charters of our Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee are available on our corporate website. The contents of our corporate website are not incorporated into, or otherwise to be regarded as part of, this Registration Statement on Form S-3.

 

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PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 14.Other Expenses of Issuance and Distribution.

Item 14. Other Expenses of Issuance and Distribution.

 

The following table sets forth allthe expenses payable by usto be incurred in connection with the offering described in this registration statement, all of our securities being registered hereby.which will be paid by the registrant. All amounts shown are estimates except the SEC registration fee.

 

Registration fee $12,450 
     
Legal fees and expenses  * 
     
Accounting fees and expenses  * 
     
Printing and miscellaneous expenses  * 
     
Total expenses $* 

*Estimated expenses are presently not known and cannot be estimated.

  Amount 
Securities and Exchange Commission registration fee $569.43
Accountant’s fees and expenses $10,000 
Legal fees and expenses $10,000 
Transfer agent’s fees and expenses $1,000
Miscellaneous $- 
     
Total expenses $21,569.43 
Item 15.Indemnification of Directors and Officers.

Item 15. Indemnification of Directors and Officers.

 

Section 145(a) of the General Corporation Law of the State of Delaware (the “DGCL”) provides that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interest of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

 

Section 145(b) of the DGCL provides that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys’ fees) actually and reasonably incurred by him in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made with respect to any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

 

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Our Third Amended and Restated Certificate of Incorporation provides for indemnification of our directors, officers, employees and other agents to the maximum extent permitted by the DGCL, and our amended and restated bylaws to be in effect upon the completion of this offering provide for indemnification of our directors, officers, employees and other agents to the maximum extent permitted by the DGCL.

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In addition, we have entered into indemnification agreements with our directors and officers containing provisions which are in some respects broader than the specific indemnification provisions contained in the DGCL. The indemnification agreements require us, among other things, to indemnify our directors against certain liabilities that may arise by reason of their status or service as directors and to advance their expenses incurred as a result of any proceeding against them as to which they could be indemnified.

 

These indemnification agreements are not intended to deny or otherwise limit third-party or derivative suits against us or our directors or officers, but to the extent a director or officer were entitled to indemnity or contribution under the indemnification agreements, the financial burden of a third-party suit would be borne by us, and we would not benefit from derivative recoveries against the director or officer. Such recoveries would accrue to our benefit but would be offset by our obligations to the director or officer under the indemnification agreements.

 

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors and officers persons pursuant to the foregoing, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director or officer in connection with the successful defense of any action, suit or proceeding) is asserted by such director or officer in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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Item 16.Exhibits.

Item 16. Exhibits.

 

See the Exhibit Index attached to this registration statement and incorporated herein by reference.

 

Item 17.Undertakings.

Item 17. Undertakings.

 

The undersigned Registrant hereby undertakes:

 

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(a)(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

 

(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

(i)to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);

 

(ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

(ii)to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

(iii)to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

  

provided,however, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SECCommission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.

 

(2) That, for the purposes of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4) That, for the purpose of determining liability under the Securities Act to any purchaser:

(i) Each prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

 15II-2 

 

(5) That, for the purpose of determining liability of a Registrant under the Securities Act to any purchaser in the initial distribution of the securities:

(2)That, for the purposes of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the time shall be deemed to be the initialbona fide offering thereof.

 

The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(3)To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(i) any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424;

(4)That, for the purpose of determining liability under the Securities Act to any purchaser:

 

(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;

(i)each prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

 

(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and

(ii)each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initialbona fide offering thereof;provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

 

(iv) any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.

(b)The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initialbona fide offering thereof.

 

(6) The undersigned Registrant hereby undertakes that:

(i) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon rule 430A and contained in a form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(ii) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the indemnification provisions described herein, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

(c)Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the indemnification provisions described herein, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

 16II-3 


 

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-3 and has duly caused this Registration Statement on Form S-3registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Menlo Park, State of California, on the 22ndthis 30th day of November, 2017.July, 2018. 

 

 COHBAR, INC.
   
 By:

/s/ Jeffrey Biunno

  Jeffrey Biunno
  Chief Financial Officer

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS that each of the undersigned officers and directors of CohBar, Inc. hereby constitutes and appoints Simon Allen and Jeffrey F. Biunno or either of them individually, such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for and in such person’s name, place and stead, in the capacities indicated below, to sign this Registration Statement on Form S-3 of CohBar, Inc. and any and all amendments (including post-effective amendments) thereto, and to file or cause to be filed 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, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as such person might, or could, do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, 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, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:

 

Signature Title Date
/s/ Simon Allen 

 

Chief Executive Officer

 

 

November 22, 2017July 30, 2018

Simon Allen (Principal Executive Officer)  
     
/s/ Jeffrey F. Biunno Chief Financial Officer, Treasurer and Secretary November 22, 2017July 30, 2018
 Jeffrey F. Biunno (Principal Financial and Accounting Officer)  
     
/s/ Jon L. Stern Chief Operating Officer and Director November 22, 2017July 30, 2018
Jon L. Stern    
     
/s/ Albion J. Fitzgerald Chairman of the Board of Directors November 22, 2017July 30, 2018
Albion J. Fitzgerald    
     
/s/ Nir Barzilai Director November 22, 2017July 30, 2018
Nir Barzilai    
     
/s/ Pinchas Cohen Director November 22, 2017July 30, 2018
Pinchas Cohen    
     
/s/ Marc E. GoldbergPhilippe Calais Director November 22, 2017July 30, 2018
Marc E. GoldbergPhilippe Calais
/s/ John AmatrudaDirectorJuly 30, 2018
John Amatruda    

 

 17II-4 

 

EXHIBIT INDEX

 

Exhibit

Number

 

Description of Exhibit

  
1.1Form of Underwriting Agreement.*
3.1 Third Amended and Restated Articles of Incorporation - Incorporated by reference to Exhibit 3.1 of our Current Report on Form 8-K, as filed with the Commission on January 8, 2015.
3.2 Amended and Restated Bylaws - Incorporated by reference to Exhibit 3.2 of our Current Report on Form 8-K, as filed with the Commission on January 8, 2015.
4.1 Form of Warrant Agreement, including formCommon Stock Certificate - Incorporated by reference to Exhibit 4.1 to Amendment No. 2 of Warrant.*our Registration Statement on Form S-1 (File No. 333-200033) as filed with the Commission on December 16, 2014.
4.2 Form of Unit Agreement.*
4.3Form of Pledge Agreement.*
5.1 Opinion of Garvey Schubert Barer.*Barer, P.C.*
23.1 Consent of Marcum LLP.*independent registered public accounting firm.*
23.3
23.2 Consent of Garvey Schubert Barer (included in legal opinion filed as Exhibit 5.1).**
24.1Powers of Attorney (included on signature page).**

 

* Filed herewith.

II-5

 

*To be filed by amendment or as an exhibit to a report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and incorporated herein by reference.
**Filed herewith.

18