Form S-1MEF - Registration adding securities to prior Form S-1 registration [Rule 462(b)]
23 October 2024 - 9:30AM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on October 22, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
_________________________
Synergy CHC Corp.
(Exact name of registrant as specified in its charter)
_________________________
Nevada
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2833
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99-0379440
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(State or other jurisdiction of incorporation or organization)
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(Primary Standard Industrial Classification Code Number)
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(I.R.S. Employer Identification No.)
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865 Spring Street
Westbrook, Maine 04092
(207) 321-2350
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive office)
_________________________
Jack Ross
Chief Executive Officer
c/o Synergy CHC Corp.
865 Spring Street
Westbrook, Maine 04092
(902) 237-1220
(Name, address, including zip code, and telephone number, including area code, of agent for service)
_________________________
Copies to:
W. David Mannheim Michael K. Bradshaw, Jr. Nelson Mullins Riley & Scarborough LLP 301 Hillsborough Street, Suite 1400 Raleigh, NC 27603 (919) 329-3800
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Mitchell S. Nussbaum Alexandria E. Kane Loeb & Loeb LLP 345 Park Avenue New York, New York 10154 (212) 407-4000
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Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
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, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ (File Number 333-280556)
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 post-effective amendment filed pursuant to Rule 462(d) 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. ☐
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.
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Large accelerated filer
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☐
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Accelerated filer
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☐
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Non-accelerated filer
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☒
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Smaller reporting company
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☒
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Emerging growth company
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☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
The Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(b) under the Securities Act of 1933, as amended.
EXPLANATORY NOTE
This Registration Statement on Form S-1 (this “Registration Statement”) is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, for the sole purpose of increasing the aggregate number of shares of common stock offered by Synergy CHC Corp., a Nevada corporation (the “Registrant”) by 172,500 shares, 22,500 of which are subject to purchase upon exercise of the underwriters’ option to purchase additional shares of the Registrant’s common stock, and 15,525 additional shares of common stock underlying representative warrants. The additional securities that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Filing Fee Table (Exhibit 107) filed as an exhibit to the Registration Statement on Form S-1 (File No. 333-280556) (the “Prior Registration Statement”). The information set forth in the Prior Registration Statement and all exhibits thereto are hereby incorporated by reference in this filing.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 16. Exhibits and Financial Statement Schedules.
(a) Exhibits. All exhibits filed with or incorporated by reference in the Registration Statement on Form S-1, as amended (SEC File No. 333-280556) are incorporated by reference into, and shall be deemed a part of, this Registration Statement, and the following additional exhibits are filed herewith, as part of this Registration Statement:
II-1
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Westbrook, State of Maine, on the 22nd day of October, 2024.
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SYNERGY CHC CORP.
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By:
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/s/ Jack Ross
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Jack Ross
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Chief Executive Officer and Chairman
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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
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TITLE
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DATE
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/s/ Jack Ross
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Chief Executive Officer and Chairman
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October 22, 2024
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Jack Ross
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(principal executive officer)
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/s/ Stacy B. McLaughlin
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Chief Financial Officer
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October 22, 2024
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Stacy B. McLaughlin
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(principal financial officer)
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*
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President and Director Nominee
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October 22, 2024
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Alfred Baumeler
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*
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Senior Vice President of Finance and Operations
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October 22, 2024
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Jaime Fickett
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(principal accounting officer)
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*
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Director
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October 22, 2024
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J. Paul SoRelle
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/s/ Jack Ross
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Jack Ross
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Attorney-in-Fact
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II-2
Exhibit 5.1
| NELSON MULLINS
RILEY & SCARBOROUGH LLP
ATTORNEYS AND COUNSELORS AT LAW |
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| 301 Hillsborough Street, Suite 1400
Raleigh,
NC 27603
T 919.329.3800 F 919.329.3799
nelsonmullins.com |
October 22, 2024
Synergy CHC Corp.
865 Spring Street
Westbrook, Maine 04092
Re: Registration Statement on Form S-1MEF
Ladies and Gentlemen:
We have examined the Registration Statement on
Form S-1 (the “Registration Statement”) of Synergy CHC Corp., a Nevada corporation (the “Company”),
filed with the Securities and Exchange Commission pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the “Securities
Act”), in connection with the offering by the Company of: (a) an aggregate of up to 172,500 shares (the “Shares”)
of the Company’s common stock, par value $0.00001 per share (the “Common Stock”); (b) the representative’s
warrants that will be issued by the Company to the representative of the underwriters of the offering (the “Representative’s
Warrants”); and (c) a number of shares of Common Stock equal to 9% of the Shares sold in the offering, issuable upon exercise
of the Representative’s Warrants (the “Representative’s Warrant Shares”). The Registration Statement incorporates
by reference the Registration Statement on Form S-1, as amended (File No. 333-280556) (the “Prior Registration Statement”),
including the prospectus which forms a part of the Prior Registration Statement.
In arriving at the opinions expressed below, we
have examined the Prior Registration Statement, originals, or copies certified or otherwise identified to our satisfaction as being true
and complete copies of the originals, of specimen common stock certificates, and such other documents, corporate records, certificates
of officers of the Company and of public officials and other instruments as we have deemed necessary or advisable to enable us to render
the opinions set forth below. In our examination, we have assumed without independent investigation the genuineness of all signatures,
the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals and the conformity
to original documents of all documents submitted to us as copies.
Based upon the foregoing, and subject to the assumptions,
exceptions, qualifications and limitations set forth herein, we are of the opinion that: (i) the Shares, when issued against payment therefor
as set forth in the Registration Statement, will be validly issued, fully paid and non-assessable; (ii) the Representative’s Warrant
Shares, when issued upon exercise of the Representative’s Warrants, will be validly issued, fully paid and non-assessable; and (iii)
the Representative’s Warrants, when issued as set forth in the Registration Statement, will be legal, valid and binding obligations
of the Company, enforceable against the Company in accordance with their terms.
California | Colorado | District
of Columbia | Florida | Georgia | Illinois | Maryland | Massachusetts | Minnesota
New York | North Carolina | Ohio
| Pennsylvania | South Carolina | Tennessee | Texas | Virginia | West Virginia
Synergy CHC Corp.
October 22, 2024
Page 2
The opinions expressed above are subject to the
following additional exceptions, qualifications, limitations and assumptions:
A. Our opinion expressed herein is limited to the federal laws of the United States, the laws of the State of New York and Chapter
78 of the Nevada Revised Statutes. The opinions expressed herein are based upon the federal laws of the United States, the laws of the
State of New York and Chapter 78 of the Nevada Revised Statutes in effect on the date hereof and as of the effective date of the Registration
Statement. We assume no obligation to revise or supplement this opinion in the event of future changes in such laws or the interpretations
thereof or such facts.
B. The opinion in clause (iii) above is
subject to (a) the effect of any bankruptcy, insolvency, reorganization, moratorium, arrangement or similar laws affecting the
rights and remedies of creditors’ generally, including without limitation the effect of statutory or other laws regarding
fraudulent transfers or preferential transfers, and (b) general principles of equity, including without limitation concepts of
materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific performance, liquidated
damages, injunctive relief or other equitable remedies regardless of whether enforceability is considered in a proceeding in equity
or at law.
We consent to the filing of this opinion as an
exhibit to the Registration Statement, and we further consent to the use of our name under the caption “Legal Matters” in
the Registration Statement and the prospectus that forms a part thereof. In giving these consents, we do not thereby admit that we are
within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission.
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Very truly yours, |
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/s/ Nelson Mullins Riley & Scarborough LLP |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
We consent to the incorporation by reference in
the Registration Statement on Form S-1 filed pursuant to Rule 462(b) of the Securities Act of 1933 of the reference to our firm under
the caption “Experts” and to the incorporation by reference of our report dated June 26, 2024, except for Note 17, as to which
the date is September 16, 2024 with respect to the consolidated financial statements of Synergy CHC Corp. as of and for the years ended
December 31, 2023 and 2022 included in Amendment No. 7 to the Registration Statement (Form S-1 No. 333-280556) and related Prospectus
of Synergy CHC Corp. for the registration of its common stock
/s/ RBSM LLP
New York, NY
October 22, 2024
Exhibit 107
Calculation of Filing Fee Tables
Form S-1
Synergy CHC Corp.
Table 1: Newly Registered Securities
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Security Type | |
Security Class Title | |
Fee Calculation or Carry Forward Rule | |
Amount Registered | | |
Proposed Maximum Offering Price Per Unit | | |
Maximum Aggregate Offering Price | | |
Fee Rate | | |
Amount of Registration Fee | |
Fees to Be Paid | |
Equity | |
Common Stock, par value $0.00001 per share(1)(2) | |
457(a) | |
| 172,500 | | |
$ | 9.00 | | |
$ | 1,552,500 | (3)(4) | |
| 0.00015310 | | |
$ | 237.69 | |
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Other | |
Representative’s Warrants(5) | |
Other | |
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Equity | |
Common Stock issuable upon the exercise of the Representative’s Warrants(6) | |
457(a) | |
| 15,525 | | |
$ | 11.70 | | |
$ | 181,642.50 | | |
| 0.00015310 | | |
$ | 27.81 | |
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Total Offering Amounts | | |
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$ | 1,734,142.50 | | |
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$ | 265.50 | |
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Total Fees Previously Paid | | |
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Total Fee Offsets | | |
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Net Fee Due | | |
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$ | 265.50 | |
(1) |
Represents only the additional number of shares being registered and includes shares of common stock issuable upon the exercise of the underwriters’ option to purchase additional shares. Does not include the securities that the registrant previously registered on the Registration Statement on Form S-1, as amended (File No. 333-280556). |
(2) |
Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), the shares of common stock registered hereby also includes an indeterminable number of additional securities that may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions. |
(3) |
The Registrant previously registered securities with an aggregate offering price not to exceed $14,130,050 on a Registration Statement on Form S-1, as amended (File No. 333-280556), for which a filing fee of $2,163.32 was previously paid. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a proposed aggregate offering price of $1,734,142.50 are hereby registered, which includes shares issuable upon the exercise of the underwriters’ option to purchase additional shares. |
(4) |
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(a) under the Securities Act of 1933, as amended. |
(5) |
No fee required pursuant to Rule 457(g). |
(6) |
We have agreed to issue to the representative of the underwriters (the “Representative”), upon the closing of this offering, warrants to purchase up to an aggregate number of shares of our common stock (the “Representative’s Warrants”) in an aggregate equal to nine percent (9%) of the aggregate number of shares of common stock to be issued and sold in this offering. The Representative’s Warrants are exercisable at a per share price equal to 130% of the public offering price per share of the shares of common stock sold in this offering. Represents only the additional proposed aggregate offering price of Representative’s Warrants. |
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