As filed with the Securities and Exchange Commission on
September 23, 2022
Registration No.
333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM F-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Altamira Therapeutics Ltd.
(Exact name of registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English)
Bermuda |
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Not Applicable |
(State
or other jurisdiction of
incorporation or organization) |
|
(I.R.S.
Employer
Identification Number) |
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Tel: (441) 295-5950
(Address and telephone number of Registrant’s principal executive
offices)
Agent for Service of Process Info
Samuel Wickline
Chief Scientific Officer
Altamira Therapeutics Ltd.
8 The Green
Suite 12455
Dover, DE 19901
(302) 200-8095
(Name, address, and telephone number of agent for service)
Copies to:
Michael J. Lerner, Esq.
Steven M. Skolnick, Esq.
Lowenstein Sandler LLP
1251 Avenue of the Americas
New York, NY 10020
United States
(212) 262-6700
Approximate date of
commencement of proposed sale to the public: As soon as
practicable after the effective date of this Registration
Statement.
If 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, 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.C. 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.C. 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 an emerging growth company
as defined in Rule 405 of the Securities Act of 1933.
Emerging
growth company ☐
If an
emerging growth company that prepares its financial statements in
accordance with U.S. GAAP, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards† provided
pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
† The term
“new or revised financial accounting standard” refers to any update
issued by the Financial Accounting Standards Board to its
Accounting Standards Codification after April 5, 2012.
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 or until this
registration statement shall become effective on such date as the
Securities and Exchange Commission, acting pursuant to Section 8(a)
of the Securities Act, may determine.
The information in this prospectus is not
complete and may be changed. The selling shareholders may not sell
these securities pursuant to this prospectus until the registration
statement filed with the Securities and Exchange Commission is
effective. This prospectus is not an offer to sell these
securities, and the selling shareholders are not soliciting offers
to buy these securities in any jurisdiction where the offer or sale
of these securities is not permitted.
SUBJECT TO COMPLETION, DATED SEPTEMBER 23,
2022
PRELIMINARY PROSPECTUS

833,334 Common Shares
Altamira Therapeutics Ltd.
This prospectus relates to the disposition from time to time of up
to 833,334 common shares, par value CHF 0.01 per share (“Common
Shares”), of Altamira Therapeutics Ltd., an exempted company
limited by shares incorporated in Bermuda (“Altamira”, “we”, “us”
or the “Company”). These Common Shares consist of shares that may
be acquired upon the exercise of certain warrants (the “Warrants”)
issued in connection with the Loan Agreement (the “Loan
Agreement”), dated September 9, 2022, between the Company (the
“Borrower”), FiveT Investment Management Ltd., Dominik Lysek and
Thomas Meyer (the “Lenders”). The Warrants will be exercisable
between October 1, 2022 and September 30, 2027 at an exercise price
of CHF 0.36 per share and may be exercised on a cashless basis in
certain circumstances specified therein. See “Selling
Shareholders”. We are not selling any Common Shares under this
prospectus and will not receive any of the proceeds from the sale
of Common Shares by the selling shareholders. We will, however,
retain the proceeds from any cash exercise of the Warrants.
We will bear all of the expenses incurred in connection with the
registration of these shares. The selling shareholders will pay any
underwriting discounts and selling commissions and/or similar
charges incurred in connection with the sale of the shares. See
“Plan of Distribution.”
The selling shareholders (including its pledgees, donees,
transferees, assignees or other successors-in-interest) may offer
the Common Shares from time to time through public or private
transactions at prevailing market prices or at privately negotiated
prices.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE
SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE
SECURITIES OR PASSED UPON THE ACCURACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Investing in our securities involves a high degree of risk.
Before making any decision to invest in our securities, you should
carefully consider the information disclosed under “Risk Factors”
beginning on page 2 of this Prospectus, as well as those risk
factors contained or incorporated by reference into this Prospectus
and in the applicable Prospectus Supplements.
Currently, the Common Shares are traded on the Nasdaq Capital
Market under the symbol “CYTO”. The closing price of the Common
Shares on Nasdaq on September 22, 2022 was $0.27 per Common
Share.
Consent under the Exchange Control Act 1972 (and its related
regulations) from the Bermuda Monetary Authority for the issue and
transfer of our common shares to and between residents and
non-residents of Bermuda for exchange control purposes has been
obtained for so long as our common shares remain listed on an
“appointed stock exchange,” which includes the Nasdaq Capital
Market. In granting such consent, neither the Bermuda Monetary
Authority nor the Registrar of Companies in Bermuda accepts any
responsibility for our financial soundness or the correctness of
any of the statements made or opinions expressed herein.
The date of this Prospectus is ,
2022
TABLE OF CONTENTS
Unless otherwise indicated or the context otherwise requires, all
references in this prospectus to “Altamira Therapeutics Ltd.,”
“Altamira,” the “Company,” “we,” “our,” “ours,” “us” or similar
terms refer to (i) Auris Medical Holding AG (formerly Auris Medical
AG), or Auris Medical (Switzerland), together with its
subsidiaries, prior to our corporate reorganization by way of the
merger of Auris Medical Holding AG into Auris Medical NewCo Holding
AG (the “Merger”), a newly incorporated, wholly-owned Swiss
subsidiary on March 13, 2018 (i.e. to the transferring entity),
(ii) Auris Medical Holding AG (formerly Auris Medical NewCo Holding
AG), together with its subsidiaries after the Merger (i.e. to the
surviving entity) and prior to the Redomestication (as defined
below), (iii) Auris Medical Holding Ltd., a Bermuda exempted
company limited by shares, or Auris Medical (Bermuda), the
successor issuer to Auris Medical (Switzerland) under Rule 12g-3(a)
of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), after the effective time at which Auris Medical
(Switzerland) continued its corporate existence from Switzerland to
Bermuda (the “Redomestication”), which occurred on March 18, 2019,
and (iv) Altamira Therapeutics Ltd. (formerly Auris Medical Holding
Ltd.) after adoption of the new Company name by resolution of
Special General Meeting of Shareholders held on July 21, 2021. The
trademarks, trade names and service marks appearing in this
prospectus are property of their respective owners.
On May 1, 2019, the Company effected a one-for-twenty reverse share
split (the “2019 Reverse Share Split”) of the Company’s issued and
outstanding common shares. Unless indicated or the context
otherwise requires, all per share amounts and numbers of common
shares in this prospectus have been retrospectively adjusted for
the 2019 Reverse Share Split. Following shareholders’ approval at a
special general meeting of shareholders held on July 21, 2021 we
changed our name to Altamira Therapeutics Ltd.
Unless indicated or the context otherwise requires, (i) all
references in this prospectus to our common shares as of any date
prior to March 13, 2018 refer to the common shares of Auris Medical
(Switzerland) (having a nominal value of CHF 0.40 per share
(pre-2019 Reverse Share Split)) prior to the 10:1 “reverse share
split” effected through the Merger, (ii) all references to our
common shares as of, and after, March 13, 2018 and prior to the
Redomestication refer to the common shares of Auris Medical
(Switzerland) (having a nominal value of CHF 0.02 per share
(pre-2019 Reverse Share Split)) after the 10:1 “reverse share
split” effected through the Merger, (iii) all references to our
common shares as of, and after, the Redomestication on March 18,
2019 refer to the common shares of the Company (having a par value
of CHF 0.02 per share (pre-2019 Reverse Share Split)), and (iv) the
Company’s common shares on or after May 1, 2019, the date of the
2019 Reverse Share Split, have a par value of CHF 0.40. As of June
30, 2020, the Company reduced the par value of its shares to CHF
0.01 each.
The terms “dollar,” “USD” or “$” refer to U.S. dollars and the term
“Swiss Franc” and “CHF” refer to the legal currency of
Switzerland.
ABOUT THIS
PROSPECTUS
This prospectus is part of a registration statement on Form F-3
that we filed with the Securities and Exchange Commission (the
“SEC”) under the Securities Act of 1933, as amended, or the
Securities Act. This prospectus and any accompanying prospectus
supplement do not contain all of the information included in the
registration statement. For further information, we refer you to
the registration statement, including its exhibits, filed with the
SEC. Statements contained in this prospectus and any accompanying
prospectus supplement about the contents of any document are not
necessarily complete. If SEC rules require that a document be filed
as an exhibit to the registration statement, please see such
document for a complete description of these matters.
This prospectus only provides you with a general description of the
securities being offered. Each time the selling shareholders sell
any of the offered securities, the selling shareholders will
provide this prospectus and a prospectus supplement, if applicable,
that will contain specific information about the terms of the
offering. The prospectus supplement may also add, update or change
any information contained in this prospectus. You should carefully
read this prospectus, any prospectus supplement and any free
writing prospectus related to the applicable securities that is
prepared by us or on our behalf or that is otherwise authorized by
us, together with the additional information described under the
headings “Where You Can Find More Information” and “Incorporation
of Certain Documents by Reference.”
You should rely only on the information contained or incorporated
by reference in this prospectus, any prospectus supplement and any
free writing prospectus related to these securities that is
prepared by us or on our behalf or that is otherwise authorized by
us. We have not authorized any other person to provide you with
different information. If anyone provides you with different or
inconsistent information, you should not rely on it. You should
assume that the information contained in this prospectus, any
prospectus supplement, any free writing prospectus and the
documents incorporated by reference herein and therein is accurate
only as of their respective dates. Our business, financial
condition, results of operations and prospects may have changed
since those dates. To the extent there is a conflict between the
information contained in this prospectus and the prospectus
supplement, you should rely on the information in the prospectus
supplement, provided that if any statement in one of these
documents is inconsistent with a statement in another document
having a later date — for example, a document incorporated by
reference into this prospectus or any prospectus supplement — the
statement in the document having the later date modifies or
supersedes the earlier statement.
We are not making an offer to sell the offered securities in any
jurisdiction where the offer or sale is not permitted. This
offering is being made in the United States and elsewhere solely on
the basis of the information contained in this prospectus.
References to “selling shareholders” refer to the shareholders
listed herein under “Selling Shareholders,” and their
transferees.
PROSPECTUS
SUMMARY
This summary highlights selected information about us, this
offering and information contained in greater detail elsewhere in
this prospectus and in the documents incorporated by reference
herein. This summary is not complete and does not contain all of
the information that you should consider before investing in our
securities. You should carefully read and consider this entire
prospectus and the documents, including financial statements and
related notes, and information incorporated by reference into this
prospectus, including the financial statements and “Risk Factors”
in this prospectus, before making an investment decision. If you
invest in our securities, you are assuming a high degree of
risk.
Our Company
We are a biopharmaceutical company dedicated to developing
therapeutics that address important unmet medical needs. For the
most part since the formation of our Company, we have been focusing
on the development of therapeutics for inner ear disorders: (i)
Keyzilen® (AM-101) in acute inner ear tinnitus, (ii) Sonsuvi®
(AM-111) in acute inner ear hearing loss and (iii) AM-125 in acute
vestibular syndrome. We advanced Keyzilen® and Sonsuvi® to Phase 3
clinical trials, and in 2022 we completed Phase 2 clinical
development of AM-125. In 2021 we launched Bentrio™, a drug free
medical device for protection against airborne allergens and
viruses in selected European markets. Further, through the
acquisition of Trasir Therapeutics (“Trasir”) in 2021, we entered
the field of RNA delivery. In this context, we announced our
intention to reposition the Company around RNA therapeutics with
AM-401 for the treatment of KRAS driven cancers and AM-411 for the
treatment of rheumatoid arthritis being our first projects, and to
divest or spin off our non-RNA businesses, which are our assets in
neurotology, rhinology and allergology, including Bentrio™, AM-125,
Keyzilen®, Sonsuvi® and certain early-stage drug product
candidates.
Corporate Information
We are an exempted company limited by shares incorporated under the
laws of Bermuda. We began our current operations in 2003. On April
22, 2014, we changed our name from Auris Medical AG to Auris
Medical Holding AG and transferred our operational business to our
newly incorporated subsidiary Auris Medical AG, which is now our
main operating subsidiary. On March 13, 2018, we effected a
corporate reorganization through the Merger into a newly formed
holding company for the purpose of effecting the equivalent of a
10-1 “reverse share split.” Following shareholder approval at an
extraordinary general meeting of shareholders held on March 8, 2019
and upon the issuance of a certificate of continuance by the
Registrar of Companies in Bermuda on March 18, 2019, the Company
discontinued as a Swiss company and, pursuant to Article 163 of the
Swiss Federal Act on Private International Law and pursuant to
Section 132C of the Companies Act 1981 of Bermuda (the “Companies
Act”), continued existence under the Companies Act as a Bermuda
exempted company limited by shares with the name “Auris Medical
Holding Ltd.” (the “Redomestication”). By resolution of a Special
General Meeting of Shareholders held on July 21, 2021 we adopted
the new company name Altamira Therapeutics Ltd. Our registered
office is located at Clarendon House, 2 Church Street, Hamilton HM
11, Bermuda, telephone number +1 (441) 295 5950.
We maintain a website at www.altamiratherapeutics.com where general
information about us is available. Investors can obtain copies of
our filings with the Securities and Exchange Commission, or the SEC
or the Commission, from this site free of charge, as well as from
the SEC website at www.sec.gov. We are not incorporating the
contents of our website into this prospectus.
Implications of Being a Foreign Private Issuer
We currently report under the Securities Exchange Act of 1934, as
amended, or the Exchange Act, as a non-U.S. company with foreign
private issuer, or FPI, status. Although we no longer qualify as an
emerging growth company, as long as we qualify as a foreign private
issuer under the Exchange Act we will continue to be exempt from
certain provisions of the Exchange Act that are applicable to U.S.
domestic public companies, including:
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the sections of the Exchange Act
regulating the solicitation of proxies, consents or authorizations
in respect of a security registered under the Exchange Act; |
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the sections of the Exchange Act
requiring insiders to file public reports of their stock ownership
and trading activities and liability for insiders who profit from
trades made in a short period of time; and |
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the rules under the Exchange Act
requiring the filing with the Securities and Exchange Commission,
or SEC, of quarterly reports on Form 10-Q containing unaudited
financial and other specified information, or current reports on
Form 8-K, upon the occurrence of specified significant events. |
This Offering
We are registering for resale by the selling shareholders named
herein the 833,334 Common Shares as described below.
Securities being offered: |
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833,334 of our Common Shares that may be acquired upon the exercise
of the Warrants issued in connection with the Loan Agreement. |
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Use of
proceeds: |
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We will
not receive any of the proceeds from the sale or other disposition
of our Common Shares by the selling shareholders. |
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NASDAQ Capital
Market symbol: |
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CYTO |
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Risk factors: |
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See
“Risk Factors” beginning on page 2 for risks you should consider
before investing in our shares. |
RISK FACTORS
Investing in our securities involves a high degree of risk. Before
making an investment decision, you should carefully consider the
risks described in this prospectus, any applicable prospectus
supplement and any related free writing prospectus and under the
captions “Risk Factors” in any of our filings with the SEC,
including the item captioned “Risk Factors” in our most recent
Annual Report on Form 20-F and our Reports on Form 6-K furnished to
the SEC including our unaudited interim consolidated financial
statements and corresponding management’s discussion and analysis.
For additional information, please see the sources described in
“Where You Can Find More Information.”
These risks are not the only risks we face. Additional risks not
presently known to us, or that we currently view as immaterial, may
also impair our business, if any of the risks described in our SEC
filings or any Prospectus Supplement or any additional risks
actually occur, our business, financial condition, results of
operations and cash flows could be materially and adversely
affected. In that case, the value of our securities could decline
substantially and you could lose all or part of your
investment.
SPECIAL NOTE ON
FORWARD-LOOKING STATEMENTS
This prospectus contains statements that constitute forward-looking
statements, including statements concerning our industry, our
operations, our anticipated financial performance and financial
condition, and our business plans and growth strategy and product
development efforts. These statements constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Exchange Act. The words
“may,” “might,” “will,” “should,” “estimate,” “project,” “plan,”
“anticipate,” “expect,” “intend,” “outlook,” “believe” and other
similar expressions are intended to identify forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of their
dates. These forward-looking statements are based on estimates and
assumptions by our management that, although we believe to be
reasonable, are inherently uncertain and subject to a number of
risks and uncertainties.
Forward-looking statements appear in a number of places in this
prospectus and include, but are not limited to, statements
regarding our intent, belief or current expectations.
Forward-looking statements are based on our management’s beliefs
and assumptions and on information currently available to our
management. Such statements are subject to risks and uncertainties,
and actual results may differ materially from those expressed or
implied in the forward-looking statements due to various factors,
including, but not limited to:
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our operation as a drug
development-stage company with limited operating history and a
history of operating losses; |
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the COVID-19 pandemic, which
continues to evolve, and which could significantly disrupt our
preclinical studies and clinical trials, drug development and sales
efforts; |
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our need for substantial additional
funding to continue the development of our product candidates and
the roll-out of our first commercial product before we can expect
to become profitable from sales of our products and the possibility
that we may be unable to raise additional capital when needed; |
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the ability of our existing
distribution partners to successfully market and distribute
Bentrio™ and our ability to retain such distributors and identify
new ones in particular for key markets in North America and
Europe; |
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our capacity to supply our
distributors and markets timely and with sufficient numbers of
Bentrio™ nasal sprays while meeting quality requirements through
subcontractors; |
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our dependence on the success of
AM-125, AM-401 and AM-411, which are still in preclinical and
clinical development, and may eventually prove to be
unsuccessful; |
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our ability to divest or spin-off
our non-RNA businesses and to reposition our Company around RNA
therapeutics; |
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the success of our distributors in
the commercialization of Bentrio™; |
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the chance that we may become
exposed to costly and damaging liability claims resulting from the
testing of our product candidates in the clinic or in the
commercial stage; |
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the chance our clinical trials may
not be completed on schedule, or at all, as a result of factors
such as delayed enrollment or the identification of adverse
effects; |
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uncertainty surrounding whether any
of our product candidates will receive regulatory approval or
clearance, which is necessary before they can be
commercialized; |
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if our product candidates obtain
regulatory approval or clearance, our product candidates being
subject to expensive, ongoing obligations and continued regulatory
overview; |
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enacted and future legislation may
increase the difficulty and cost for us to obtain marketing
approval and commercialization; |
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our ability to obtain certification
of Bentrio™ as a Class II medical device under the European Medical
Device Regulation and to obtain regulatory approval for
prophylactic or therapeutic claims related to viral
infections; |
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dependence on governmental
authorities and health insurers establishing adequate reimbursement
levels and pricing policies; |
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our products may not gain market
acceptance, in which case we may not be able to generate product
revenues; |
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our reliance on our current
strategic relationship with Washington University, Wellesta
Holdings or Nuance Pharma and the potential success or failure of
strategic relationships, joint ventures or mergers and acquisitions
transactions; |
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our reliance on third parties to
conduct our nonclinical and clinical trials and on third-party,
single-source suppliers to supply or produce our product
candidates; |
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our ability to obtain, maintain and
protect our intellectual property rights and operate our business
without infringing or otherwise violating the intellectual property
rights of others; |
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our ability to meet the continuing
listing requirements of Nasdaq and remain listed on The Nasdaq
Capital Market; |
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the chance that certain intangible
assets related to our product candidates will be impaired; and |
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other risk factors discussed under
“Risk Factors” on page 2 and in our most recent Annual Report on
Form 20-F. |
Our actual results or performance could differ materially from
those expressed in, or implied by, any forward-looking statements
relating to those matters. Accordingly, no assurances can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
impact they will have on our results of operations, cash flows or
financial condition. Except as required by law, we are under no
obligation, and expressly disclaim any obligation, to update, alter
or otherwise revise any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future events or otherwise.
USE OF
PROCEEDS
The selling shareholders will receive all of the net proceeds from
the sales of our Common Shares offered by the selling shareholders
pursuant to this prospectus.
SELLING
SHAREHOLDERS
Loan Agreement
On September 9, 2022 (the “Effective Date”), Altamira Therapeutics
Ltd., an exempted company limited by shares incorporated in Bermuda
(“we”, the “Company” or the “Borrower”), entered into a loan
agreement (the “Loan Agreement”) with FiveT Investment Management
Ltd., Dominik Lysek and Thomas Meyer (the “Lenders”), pursuant to
which the Lenders have agreed to loan to the Borrower CHF 600,000
(the “Loan”), which Loan bears interest at the rate of 5% per annum
and matures as of March 31, 2023 (the “Maturity Date”).
The Borrower may prepay all or part of the Loan after three months
after the Effective Date. Subject to certain notice periods, the
Lenders shall have the right to accelerate repayment of the Loan
upon an event of default under the Loan Agreement, which includes
if the Borrower breaches any of its material obligations
thereunder. In addition, in the event that the Borrower enters into
any Change of Control Transaction (as defined in the Loan
Agreement) prior to the Maturity Date, the Loan shall become due in
full repayment of the total outstanding principal amount under the
Loan and all accrued and unpaid interest thereon in accordance with
the Loan Agreement immediately prior to the completion of the
Change of Control Transaction.
The Borrower agreed to issue to the Lenders the Warrants to
purchase an aggregate 833,334 Common Shares. The Warrants will be
exercisable between October 1, 2022 and September 30, 2027 at an
exercise price of CHF 0.36 per share and may be exercised on a
cashless basis in certain circumstances specified therein (“Warrant
Exercise”).
Pursuant to the Loan Agreement, the Company agreed to file a
registration statement on Form F-3 (or other appropriate form) as
soon as practicable (and in any event within 21 days of the
Effective Date) providing for the resale by the Lenders of the
Common Shares that may be issued upon any Warrant Exercise and to
use its best efforts to cause such resale registration statement to
be declared effective by the Securities and Exchange Commission
(the “SEC”) within 45 days following the Effective Date (or, in the
event of a “full review” by the SEC, the 90th calendar day
following the Effective Date).
The Warrants and the Common Shares are being sold by the Company to
the Lenders under the Loan Agreement in reliance upon an exemption
from the registration requirements of the Securities Act afforded
by Section 4(a)(2) of the Securities Act and Rule 506(b) of
Regulation D promulgated thereunder. We made this determination
based on the representations that the Lenders are “accredited
investors” within the meaning of
Rule 501 of Regulation D.
Information about Selling Shareholders Offering
We are registering the resale of the above-referenced Common Shares
to permit the selling shareholders identified below, or their
permitted transferees or other successors-in-interest that may be
identified in a supplement to this prospectus or, if required, a
post-effective amendment to the registration statement of which
this prospectus is a part, to resell or otherwise dispose of the
Common Shares in the manner contemplated under “Plan of
Distribution” in this prospectus (as may be supplemented and
amended). Throughout this prospectus, when we refer to the Common
Shares being registered on behalf of the selling shareholders, we
are referring to the Common Shares that may be acquired upon the
exercise of the Warrants issued in connection with the Loan
Agreement, and when we refer to the selling shareholders in this
prospectus, we are referring to the Lenders and their permitted
transferees or other successors-in-interest that may be identified
in a supplement to this prospectus or, if required, a
post-effective amendment to the registration statement of which
this prospectus is a part.
The selling shareholders may sell some, all or none of their Common
Shares. We do not know when or whether the selling shareholders
will exercise their Warrants for Common Shares, nor do we know how
long the selling shareholder will hold their Common Shares before
selling them, and we currently have no agreements, arrangements or
understandings with the selling shareholders regarding any exercise
of the Warrants or the sale or other disposition of any of the
Common Shares. The Common Shares covered hereby may be offered from
time to time by the selling shareholders.
The following table sets forth the names of the selling
shareholders, the number and percentage of our Common Shares
beneficially owned by the selling shareholders as of September 9,
2022, the number of our Common Shares issuable upon exercise of the
Warrants under the Loan Agreement that may be offered under this
prospectus and the number and percentage of our Common Shares
beneficially owned by the selling shareholders assuming all of the
Common Shares registered hereunder are sold. Beneficial ownership
is determined in accordance with the rules of the SEC and includes
voting or investment power with respect to our Common Shares.
Generally, a person “beneficially owns” Common Shares if the person
has or shares with others the right to vote those shares or to
dispose of them, or if the person has the right to acquire voting
or disposition rights within 60 days. The number of Common Shares
in the column “Number of Common Shares Registered” represents all
of the Common Shares that the selling shareholders may offer and
sell from time to time under this prospectus.
Unless otherwise indicated, all information contained in the table
below and the footnotes thereto is based upon information provided
to us by the selling shareholders. The percentage of shares owned
prior to and after the offering is based on 20,194,261 of our
Common Shares outstanding as of September 9, 2022. Unless otherwise
indicated in the footnotes to this table, we believe that the
selling shareholders named in this table have sole voting and
investment power with respect to the Common Shares indicated as
beneficially owned. Except as otherwise indicated in this section,
based on the information provided to us by the selling
shareholders, and to the best of our knowledge, the selling
shareholders are not broker-dealers or affiliates of
broker-dealers.
|
|
Number of Common Shares Beneficially Owned Prior to Offering |
|
|
Number of Common Shares Registered |
|
|
Number of Common Shares Beneficially Owned After Offering |
|
|
Percent |
|
FiveT
Investment Management Ltd. (1) |
|
|
3,055,764
|
|
|
|
277,778 |
|
|
|
2,777,986 |
|
|
|
11.7 |
% |
Dominik Lysek |
|
|
295,028 |
|
|
|
277,778 |
|
|
|
17,250 |
|
|
|
* |
|
Thomas Meyer (2) |
|
|
1,677,152 |
|
|
|
277,778 |
|
|
|
1,399,374 |
|
|
|
6.5 |
% |
|
(1) |
Includes 2,777,986 Common Shares
issuable upon conversion under the Convertible Loan Agreement dated
February 4, 2022 and 277,778 Common Shares issuable upon the
exercise of the Warrants issued in connection with the Loan
Agreement, without giving effect to limitations on beneficial
ownership set forth therein. Wieland Kreuder (“Mr. Kreuder”) has
voting control and investment discretion over the securities
reported herein that are held by FiveT Investment Management Ltd.
(“FiveT”). As a result, Mr. Kreuder may be deemed to have
beneficial ownership (as determined under Section 13(d) of the
Exchange Act of the securities reported herein that are held by
FiveT. The registered address of FiveT is Suite 5B201, 2nd Floor,
One Nexus Way, Camana Bay, Grand Cayman KY1-1108, Cayman
Islands. |
|
(2) |
Includes 1,035,000 Common Shares
and warrants and options to purchase up to 642,152 Common Shares
exercisable within sixty (60) days of the date hereof. |
DESCRIPTION OF SHARE
CAPITAL
As of September 9, 2022, our authorized share capital consisted of
25,000,000 common shares, par value CHF 0.01 per share, and
20,000,000 preference shares, par value CHF 0.02 per share, and
there were 20,194,261 common shares issued and outstanding,
excluding 1,846,616 common shares issuable upon exercise of options
and 206,377 common shares issuable upon exercise of warrants, and
no preference shares issued and outstanding. See Item 10.B. of our
most recent Annual Report on Form 20-F, which is incorporated
herein by reference.
PLAN OF
DISTRIBUTION
We are registering the Common Shares issued and issuable upon the
exercise of the Warrants issued under the Loan Agreement to permit
the resale of these Common Shares by the Lenders from time to time
after the date of this prospectus. We will not receive any of the
proceeds from the sale by the selling shareholders of the Common
Shares. We will bear all fees and expenses incident to our
obligation to register the Common Shares.
The selling shareholders may sell all or a portion of the Common
Shares beneficially owned by them and offered hereby from time to
time directly or through one or more underwriters, broker-dealers
or agents. If the Common Shares are sold through underwriters or
broker-dealers, the selling shareholders will be responsible for
underwriting discounts or commissions or agent’s commissions. The
Common Shares may be sold in one or more transactions at fixed
prices, at prevailing market prices at the time of the sale, at
varying prices determined at the time of sale, or at negotiated
prices. These sales may be effected in transactions, which may
involve crosses or block transactions,
|
● |
on any national
securities exchange or quotation service on which the securities
may be listed or quoted at the time of sale; |
|
● |
in the over-the-counter
market; |
|
● |
in transactions otherwise than on
these exchanges or systems or in the over-the-counter market; |
|
● |
through the writing of options,
whether such options are listed on an options exchange or
otherwise; |
|
● |
ordinary brokerage transactions and
transactions in which the broker-dealer solicits purchasers; |
|
● |
block trades in which the
broker-dealer will attempt to sell the shares as agent but may
position and resell a portion of the block as principal to
facilitate the transaction; |
|
● |
purchases by a broker-dealer as
principal and resale by the broker-dealer for its account; |
|
● |
an exchange distribution in
accordance with the rules of the applicable exchange; |
|
● |
privately negotiated
transactions; |
|
● |
sales pursuant to Rule 144; |
|
● |
broker-dealers may agree with the
selling shareholders to sell a specified number of such shares at a
stipulated price per share; |
|
● |
a combination of any such methods
of sale; and |
|
● |
any other method permitted pursuant
to applicable law. |
If the selling shareholders effect such transactions by selling
Common Shares to or through underwriters, broker-dealers or agents,
such underwriters, broker-dealers or agents may receive commissions
in the form of discounts, concessions or commissions from the
selling shareholders or commissions from purchasers of the Common
Shares for whom they may act as agent or to whom they may sell as
principal (which discounts, concessions or commissions as to
particular underwriters, broker-dealers or agents may be in excess
of those customary in the types of transactions involved). In
connection with sales of the Common Shares or otherwise, the
selling shareholders may enter into hedging transactions with
broker-dealers, which may in turn engage in short sales of the
Common Shares in the course of hedging in positions they assume.
The selling shareholders (other than Thomas Meyer) may also sell
Common Shares short and deliver Common Shares covered by this
prospectus to close out short positions and to return borrowed
shares in connection with such short sales. The selling
shareholders may also loan or pledge Common Shares to
broker-dealers that in turn may sell such shares. The selling
shareholders may pledge or grant a security interest in some or all
of the Common Shares owned by them and, if they default in the
performance of their secured obligations, the pledgees or secured
parties may offer and sell the Common Shares from time to time
pursuant to this prospectus or any amendment to this prospectus
under Rule 424(b)(3) or other applicable provision of the
Securities Act of 1933, as amended, amending, if necessary, the
list of selling shareholders to include the pledgee, transferee or
other successors in interest as selling shareholders under this
prospectus. The selling shareholders also may transfer and donate
the Common Shares in other circumstances in which case the
transferees, donees, pledgees or other successors in interest will
be the selling beneficial owners for purposes of this
prospectus.
The selling shareholders and any broker-dealer participating in the
distribution of the Common Shares may be deemed to be
“underwriters” within the meaning of the Securities Act, and any
commission paid, or any discounts or concessions allowed to, any
such broker-dealer may be deemed to be underwriting commissions or
discounts under the Securities Act. At the time a particular
offering of the Common Shares is made, a prospectus supplement, if
required, will be distributed which will set forth the aggregate
amount of Common Shares being offered and the terms of the
offering, including the name or names of any broker-dealers or
agents, any discounts, commissions and other terms constituting
compensation from the selling shareholders and any discounts,
commissions or concessions allowed or reallowed or paid to
broker-dealers.
Under the securities laws of some states, the Common Shares may be
sold in such states only through registered or licensed brokers or
dealers. In addition, in some states the Common Shares may not be
sold unless such shares have been registered or qualified for sale
in such state or an exemption from registration or qualification is
available and is complied with. There can be no assurance that any
selling shareholder will sell any or all of the Common Shares
registered pursuant to the registration statement, of which this
prospectus is a part.
The selling shareholders and any other person participating in such
distribution will be subject to applicable provisions of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and the rules and regulations thereunder, including, without
limitation, Regulation M of the Exchange Act, which may limit the
timing of purchases and sales of any of the Common Shares by the
selling shareholders and any other participating person. Regulation
M may also restrict the ability of any person engaged in the
distribution of the Common Shares to engage in marketmaking
activities with respect to the Common Shares. All of the foregoing
may affect the marketability of the Common Shares and the ability
of any person or entity to engage in market-making activities with
respect to the Common Shares. We will pay all expenses of the
registration of the Common Shares, estimated to be $24,563.27 in
total, including, without limitation, Securities and Exchange
Commission filing fees and expenses of compliance with state
securities or “blue sky” laws; provided, however, that the selling
shareholders will pay all underwriting discounts and selling
commissions, if any. We will indemnify the selling shareholders
against liabilities, including some liabilities under the
Securities Act, or the selling shareholders will be entitled to
contribution. We may be indemnified by the selling shareholders
against civil liabilities, including liabilities under the
Securities Act, that may arise from any written information
furnished to us by the selling shareholders specifically for use in
this prospectus, in accordance with the related agreement, or we
may be entitled to contribution. Once sold under the registration
statement of which this prospectus forms a part, the Common Shares
will be freely tradable in the hands of persons other than our
affiliates.
EXPENSES OF THE
OFFERING
The following is a statement of estimated expenses to be incurred
by us in connection with the registration of the securities
registered hereby, all of which will be borne by us. All amounts
shown are estimates except the SEC registration fee.
SEC registration fee |
|
$ |
26.27 |
|
Legal fees and expenses |
|
$ |
15,000 |
|
Accountant’s
fees and expenses |
|
$ |
9,537 |
|
|
|
|
|
|
Total |
|
$ |
24,563.27 |
|
LEGAL MATTERS
The validity of the Common Shares and certain other matters of
Bermuda law will be passed upon for us by Conyers Dill &
Pearman Limited, special Bermuda counsel to the Company.
EXPERTS
The financial statements of Altamira Therapeutics Ltd. as of
December 31, 2021 and 2020 and for each of the three years in the
period ended December 31, 2021, incorporated by reference in this
Prospectus by reference to Altamira Therapeutics Ltd.’s Annual
Report on Form 20-F for the year ended December 31, 2021, have been
audited by Deloitte AG, an independent registered public accounting
firm, as stated in their report. Such financial statements are
incorporated by reference in reliance upon the report of such firm
given their authority as experts in accounting and auditing.
ENFORCEABILITY OF
JUDGMENTS
Altamira Therapeutics Ltd. is a Bermuda exempted company limited by
shares. As a result, the rights of holders of its common shares
will be governed by Bermuda law and its memorandum of continuation
and bye-laws. The rights of shareholders under Bermuda law may
differ from the rights of shareholders of companies incorporated in
other jurisdictions. Many of our directors and some of the named
experts referred to in this prospectus are not residents of the
United States, and a substantial portion of our assets are located
outside the United States. As a result, it may be difficult for
investors to effect service of process on those persons in the
United States or to enforce in the United States judgments obtained
in U.S. courts against us or those persons based on the civil
liability provisions of the U.S. securities laws. It is doubtful
whether courts in Bermuda will enforce judgments obtained in other
jurisdictions, including the United States, against us or our
directors or officers under the securities laws of those
jurisdictions or entertain actions in Bermuda against us or our
directors or officers under the securities laws of other
jurisdictions.
WHERE YOU CAN FIND
MORE INFORMATION
We are subject to the informational requirements of the Exchange
Act. Accordingly, we are required to file reports and other
information with the SEC, including annual reports on Form 20-F and
reports on Form 6-K. The materials we file with or furnish to the
SEC are available to the public on the SEC’s Internet website at
www.sec.gov. Those filings are also available to the public
on our corporate website at www.altamiratherapeutics.com.
Information contained on our website is not a part of this
Prospectus and the inclusion of our website address in this
Prospectus is an inactive textual reference only.
As a foreign private issuer, we are exempt under the Exchange Act
from, among other things, the rules prescribing the furnishing and
content of proxy statements, and our directors, executive officers
and principal shareholders are exempt from the reporting and
short-swing profit recovery provisions contained in Section 16 of
the Exchange Act.
This Prospectus forms part of a registration statement that we
filed with the SEC. The registration statement contains more
information than this Prospectus regarding us and our Securities,
including certain exhibits and schedules. You can obtain a copy of
the registration statement from the SEC at the address listed above
or electronically at www.sec.gov.
DOCUMENTS
INCORPORATED BY REFERENCE
The SEC allows us to incorporate by reference information into this
document. This means that we can disclose important information to
you by referring you to another document filed separately with the
SEC. The information incorporated by reference is considered to be
a part of this document, except for any information superseded by
information that is included directly in this prospectus or
incorporated by reference subsequent to the date of this
prospectus.
We incorporate by reference the following documents or information
that we have filed or furnished with the SEC:
|
● |
our Annual Report on
Form 20-F for the fiscal year ended December 31, 2021, filed
with the SEC on April 12, 2022; |
|
● |
our Reports on Form 6-K furnished
on
February 8, 2022,
March 4, 2022,
May 17, 2022,
June 13, 2022,
June 27, 2022,
August 30, 2022 and
September 12, 2022; and |
|
● |
the description of our common
shares contained in our Report on Form 6-K furnished on
March 18, 2019, including any subsequent amendment or reports
filed for the purpose of updating such description. |
All subsequent annual reports on Form 20-F filed by us and all
subsequent reports on Form 6-K furnished by us that are identified
by us as being incorporated by reference shall be deemed to be
incorporated by reference into this prospectus and deemed to be a
part hereof after the date of this prospectus but before the
termination of the offering by this prospectus.
We will provide each person to whom this prospectus is delivered a
copy of the information that has been incorporated into this
prospectus by reference but not delivered with the prospectus
(except exhibits, unless they are specifically incorporated into
this prospectus by reference). You may obtain copies of these
documents, at no cost, by writing or telephoning us at:
Altamira Therapeutics Ltd.
Clarendon House
2 Church Street
Hamilton HM 11, Bermuda
(441) 295-5950
Any statement contained in this prospectus or in a document
incorporated or deemed to be incorporated herein by reference shall
be deemed to be modified or superseded, for the purposes of this
prospectus, to the extent that a statement contained herein or in
any other subsequently filed document which also is or is deemed to
be incorporated herein by reference modifies or supersedes such
statement. The modifying or superseding statement need not state
that it has modified or superseded a prior statement or include any
other information set forth in the document that it modifies or
supersedes. The making of a modifying or superseding statement
shall not be deemed an admission for any purposes that the modified
or superseded statement, when made, constituted a
misrepresentation, an untrue statement of a material fact or an
omission to state a material fact that is required to be stated or
that is necessary to make a statement not misleading in light of
the circumstances in which it was made. Any statement so modified
or superseded shall not constitute a part of this prospectus,
except as so modified or superseded.
Upon a new annual information form or annual report on Form 20-F
and the related audited annual consolidated financial statements
together with the auditors’ report thereon and management’s
discussion and analysis related thereto being filed by us with the
applicable securities regulatory authorities during the currency of
this Prospectus, the previous annual information form or annual
report on Form 20-F, the previous audited annual consolidated
financial statements and all unaudited interim financial
statements, annual and semi-annual management’s discussion and
analyses, material change reports and business acquisition reports
filed by us prior to the commencement of our financial year in
which the new annual information form or annual report on Form 20-F
was filed, no longer shall be deemed to be incorporated by
reference into this Prospectus for the purpose of future offers and
sales of securities hereunder.
One or more prospectus supplements containing the terms of an
offering of securities hereunder and other information in relation
to such securities will be delivered to purchasers of such
securities together with this prospectus and shall be deemed to be
incorporated by reference into this prospectus as of the date of
such prospectus supplement solely for the purposes of the offering
of the securities covered by any such prospectus supplement.
A prospectus supplement containing any additional or updated
information that we elect to include therein will be delivered with
this prospectus to purchasers of securities who purchase such
securities after the filing of this Prospectus and shall be deemed
to be incorporated into this Prospectus as of the date of such
Prospectus Supplement.
PART II—INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 8. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 98 of the Companies Act provides generally that a Bermuda
company may indemnify its directors, officers and auditors against
any liability which by virtue of any rule of law would otherwise be
imposed on them in respect of any negligence, default, breach of
duty or breach of trust, except in cases where such liability
arises from fraud or dishonesty of which such director, officer or
auditor may be guilty in relation to the company. Section 98
further provides that a Bermuda company may indemnify its
directors, officers and auditors against any liability incurred by
them in defending any proceedings, whether civil or criminal, in
which judgment is awarded in their favor or in which they are
acquitted or granted relief by the Supreme Court of Bermuda
pursuant to section 281 of the Companies Act.
We have adopted provisions in our bye-laws that provide that we
shall indemnify our officers and directors in respect of their
actions and omissions, except in respect of their fraud or
dishonesty. Our bye-laws provide that the shareholders waive all
claims or rights of action that they might have, individually or in
right of the company, against any of the company’s directors or
officers for any act or failure to act in the performance of such
director’s or officer’s duties, except in respect of any fraud or
dishonesty of such director or officer. Section 98A of the
Companies Act permits us to purchase and maintain insurance for the
benefit of any officer or director in respect of any loss or
liability attaching to him in respect of any negligence, default,
breach of duty or breach of trust, whether or not we may otherwise
indemnify such officer or director.
We have entered into indemnification agreements with each of the
members of our board of directors and executive officers.
Insofar as indemnification for liabilities arising under the
Securities Act of 1933, as amended, may be permitted to directors,
officers and controlling persons of the Company, the Company has
been advised that, in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as
expressed in the Securities Act of 1933, as amended, and is,
therefore, unenforceable.
ITEM 9. EXHIBITS
See Exhibit Index following the signature pages of this
registration statement.
ITEM 10. UNDERTAKINGS
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a further post-effective amendment to this registration
statement:
(i) To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after
the effective date of the 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 the 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 SEC 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 the registration
statement or any material change to such information in the
registration statement.
Provided, however, that paragraphs (a)(1)(i),
(a)(1)(ii) and (a)(1)(iii) of this section do not apply if the
registration statement is on Form S-3 or Form F-3 and the
information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished
to the SEC by the registrant pursuant to section 13 or section
15(d) of the Exchange Act that are incorporated by reference in the
registration statement, or is contained in a form of prospectus
filed pursuant to Rule 424(b) that is part of the registration
statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, 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
that 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) To file a post-effective amendment to the registration
statement to include any financial statements required by Item 8.
A. of Form 20-F at the start of any delayed offering or throughout
a continuous offering. Financial statements and information
otherwise required by Section 10(a)(3) of the Securities Act of
1933 need not be furnished, provided, that the registrant
includes in the prospectus, by means of a post-effective amendment,
financial statements required pursuant to this paragraph (a) (4)
and other information necessary to ensure that all other
information in the prospectus is at least as current as the date of
those financial statements. Notwithstanding the foregoing, with
respect to registration statements on Form F-3, a post-effective
amendment need not be filed to include financial statements and
information required by Section 10(a)(3) of the Securities Act of
1933 or Rule 3-19 of Regulation S-X if such financial statements
and information are contained in periodic reports filed with or
furnished to the SEC by the registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the Form F-3.
(5) 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)(l)(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 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.
(6) That, for the purpose of determining liability of the
registrant under the Securities Act of 1933 to any purchaser in the
initial distribution of the securities:
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:
(i) Any preliminary prospectus or prospectus of the undersigned
registrant relating to the offering required to be filed pursuant
to Rule 424;
(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;
(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
(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 of 1933, 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 the
registration statement shall be deemed to be a new registration
statement relating to the securities offering therein, and the
offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(c) The undersigned registrant hereby undertakes that:
(i) For purposes of determining any liability under the Securities
Act of 1933, the information omitted from the form of prospectus
filed as part of this registration statement in reliance upon Rule
430A and contained in the form of prospectus filed by the
registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the
Securities Act of 1933 shall be deemed to be part of the
registration statement as of the time it was declared
effective.
(ii) For the purpose of determining any liability under the
Securities Act of 1933, 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.
(d) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, 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 of 1933 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 of 1933 and will be governed by the final
adjudication of such issue.
EXHIBIT INDEX
Exhibit
Number |
|
Description |
4.1 |
|
Memorandum of Continuance of the registrant (incorporated herein by
reference to exhibit 1.2 of the Auris Medical Holding Ltd. Annual
Report on Form 20-F filed with the SEC on March 14, 2019). |
4.2 |
|
Bye-laws of the registrant (incorporated herein by reference to
exhibit 1.3 of the Auris Medical Holding Ltd. Annual Report on Form
20-F filed with the SEC on March 14, 2019). |
4.3 |
|
Loan Agreement, dated as of September 9, 2022, by and between
Altamira Therapeutics Ltd. and the Lenders (incorporated herein by
reference to exhibit 99.1 of the Altamira Therapeutics Ltd. Report
on Form 6-K filed with the SEC on September 12, 2022). |
4.4
|
|
Form of Warrant (incorporated herein by reference to exhibit 4.1 of
the Altamira Therapeutics Ltd. Report on Form 6-K filed with the
SEC on September 12, 2022).
|
5.1* |
|
Opinion of Conyers Dill & Pearman
Limited, special Bermuda counsel to the Company, as to the validity
of the common shares of Altamira Therapeutics Ltd. |
23.1* |
|
Consent of Conyers Dill & Pearman
Limited, special Bermuda counsel to the Company (included in
Exhibit 5.1). |
23.2* |
|
Consent of Deloitte AG. |
24.1* |
|
Power of Attorney (included
on the signature pages to this Registration Statement). |
107* |
|
Filing Fee Table |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form F-3 and has
duly caused this registration statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in Hamilton,
Bermuda, on September 23, 2022.
|
ALTAMIRA THERAPEUTICS LTD. |
|
|
|
By: |
/s/ Thomas
Meyer |
|
|
Name: |
Thomas Meyer |
|
|
Title: |
Chief Executive Officer |
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and
appoints Thomas Meyer and Marcel Gremaud, either of whom may act
without the joinder of the other, as the true and lawful
attorney-in-fact and agent of the undersigned, with full power of
substitution and resubstitution, to execute in the name, place and
stead of the undersigned, in any and all such capacities, any and
all amendments (including post-effective amendments) and
supplements to this Registration Statement on Form F-3 (including
any subsequent registration statement for the same offering which
may be filed under the Securities Act of 1933), and all instruments
necessary or in connection therewith, and to file the same, with
all exhibits thereto, and other documents in connection therewith,
with the United States Securities and Exchange Commission, and
hereby grants to such attorney-in-fact and agent, full power and
authority to do and perform in the name and on behalf of the
undersigned each and every act and thing whatsoever necessary or
advisable to be done, as fully and to all intents and purposes as
the undersigned might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
This Power of Attorney may be executed in multiple counterparts,
each of which shall be deemed an original, but which taken together
shall constitute one instrument.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in
the capacities and on the dates indicated.
Signature |
|
Title |
|
Date |
|
|
|
|
|
/s/ Thomas Meyer |
|
Chief
Executive Officer |
|
September 23, 2022 |
Thomas Meyer |
|
(Principal Executive
Officer) and Director |
|
|
|
|
|
|
|
/s/ Marcel Gremaud |
|
Chief Financial Officer |
|
September 23, 2022 |
Marcel
Gremaud |
|
(Principal Financial Officer and Principal Accounting Officer) |
|
|
|
|
|
|
|
/s/ Armando Anido |
|
Director |
|
September 23, 2022 |
Armando Anido |
|
|
|
|
|
|
|
|
/s/ Mats Blom |
|
Director |
|
September 23, 2022 |
Mats Blom |
|
|
|
|
|
|
|
|
|
/s/ Alain Munoz |
|
Director |
|
September 23, 2022 |
Alain Munoz |
|
|
|
|
|
|
|
|
/s/ Calvin Roberts |
|
Director |
|
September 23, 2022 |
Calvin Roberts |
|
|
|
|
|
|
|
|
|
/s/ Margrit Schwarz |
|
Director |
|
September 23, 2022 |
Margrit Schwarz |
|
|
|
|
AUTHORIZED REPRESENTATIVE
Pursuant to the requirements of Section 6(a) of the Securities Act
of 1933, the undersigned has signed this Registration Statement on
Form F-3, solely in the capacity of the duly authorized
representative of Altamira Therapeutics Ltd. in the United States,
on September 23, 2022.
|
Altamira Therapeutics Ltd. |
|
|
|
By: |
/s/ Samuel
Wickline |
|
Name: |
Samuel Wickline |
|
Title: |
Authorized Signatory |
19
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