As filed with the Securities and Exchange Commission on June 4, 2024

Registration No. 333-

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

Sonendo, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

Delaware

20-5041718

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification Number)

 

 

26061 Merit Circle, Suite 102

Laguna Hills, CA

92653

(Address of Principal Executive Offices)

(Zip Code)

Sonendo, Inc. 2023 Employment Inducement Incentive Award Plan

(Full Title of the Plan)

Bjarne Bergheim

President and Chief Executive Officer

26061 Merit Circle, Suite 102

Laguna Hills, CA 92653

(949) 766-3636

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copy to:

Michael Sanders

Anne G. Peetz

Reed Smith LLP

1901 Avenue of Stars, Suite 700

Los Angeles, CA 90067-6078

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

 

 

 

 

 

Large accelerated filer

Accelerated filer

 

 

 

 

Non-accelerated filer

Smaller reporting company

 

 

 

 

 

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

 

 


 

EXPLANATORY NOTE

Sonendo, Inc. (the “Registrant”) is filing with the Securities and Exchange Commission (the “Commission”) this registration statement on Form S-8 (this “Registration Statement”) for the purpose of registering 1,000,000 shares (the “Additional Securities”) of its common stock, par value $0.001 per share (the “Common Stock”) to be issued under the Sonendo, Inc. 2023 Employment Inducement Incentive Award Plan, as amended by the Registrant’s board of directors on May 31, 2024 (the “Inducement Plan”), which Common Stock is in addition to the 750,000 shares of Common Stock already issuable under the Inducement Plan as registered on the Registrant’s Form S-8 filed on March 8, 2023 (File No. 333- 270368) (the “Prior Registration Statement”). The Inducement Plan provides for, among other things, the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents and other stock- or cash-based awards to eligible individuals.

This Registration Statement relates to securities of the same class as that to which the Prior Registration Statement relate, and is submitted in accordance with General Instruction E to Form S-8 regarding Registration of Additional Securities. Pursuant to General Instruction E of Form S-8, the contents of the Prior Registration Statement are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.Plan Information.*

Item 2. Registrant Information and Employee Plan Annual Information.*

*The documents containing the information specified in Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the “Securities Act”). These documents and the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

In this registration statement, Sonendo, Inc. is sometimes referred to as “Registrant,” “we,” “us” or “our.”

Item 3. Incorporation of Documents by Reference.

The following documents previously filed by Sonendo, Inc. (the “Registrant”) with the Securities and Exchange Commission (the “Commission”) are incorporated by reference into this Registration Statement:

(a)

Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Commission on March 11, 2024;

(b)

Registrant’s Proxy Statement on Form DEF 14A filed with the Commission on April 29, 2024, as supplemented on April 29, 2024;

(c)

Registration’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed with the Commission on May 8, 2024;

(d)

Registrant’s Current Reports on Form 8-K filed with the Commission on February 14, 2024, March 5, 2024, March 8, 2024 as amended on March 22, 2024, April 10, 2024, and April 15, 2024; and

(e)

The description of the Registrant’s Common Stock which is contained in a registration statement on 8-Afiled with the Commission on October 28, 2021 (File No. 001-40988) under the Exchange Act of 1934, as amended (the “Exchange Act”), as updated by the description of the Registrant’s capital stock contained in Exhibit 4.11 to the Registrant’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2022, and any amendment or report filed for the purpose of updating such description.

All documents that the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act prior to the filing of a post-effective amendment to this Registration Statement that indicates that all of the shares of Common Stock offered have

 


 

been sold or that deregisters all of such shares then remaining unsold shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such documents; except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished under current Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, that is not deemed filed under such provisions. For the purposes of this Registration Statement, any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Under no circumstances will any information filed under current Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

Item 8. Exhibits.

Reference is made under this Item 8 to the Exhibit Index included in this Registration Statement.

 

Exhibit Index

 

 

 

Exhibit

Number

Exhibit Description

 

 

 

4.1

 

Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K (File No. 001-40988) filed with the Commission on November 2, 2021)

 

 

 

4.2

 

Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K (File No. 001-40988) filed with the Commission on November 2, 2021)

 

 

 

4.3

 

Form of Certificate of Common Stock (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form S-1/A (File No. 333-260136), filed with the Commission on October 25, 2021)

 

 

 

 

5.1

 

Opinion of Reed Smith LLP

 

 

 

 

23.1

 

Consent of Independent Registered Public Accounting Firm

 

 

 

23.2

 

Consent of Reed Smith LLP (reference is made to Exhibit 5.1).

 

 

 

24.1

 

Power of Attorney (reference is made to the signature page hereto).

 

 

 

 

99.1

 

2023 Employment Inducement Incentive Award Plan (incorporated herein by reference to Exhibit 99.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333- 270368), filed with the Commission on March 8, 2023)

 

 

 

99.2

 

Amendment to 2023 Employment Inducement Incentive Award Plan

 

 

 

99.3

 

Form of Restricted Stock Unit Agreement pursuant to 2023 Employment Inducement Incentive Award Plan (incorporated herein by reference to Exhibit 99.2 to the Registrant’s Registration Statement on Form S-8 (File No. 333- 270368), filed with the Commission on March 8, 2023)

 

 

 

 

99.4

 

Form of Stock Option Agreement pursuant to 2023 Employment Inducement Incentive Award Plan (incorporated herein by reference to Exhibit 99.3 to the Registrant’s Registration Statement on Form S-8 (File No. 333- 270368), filed with the Commission on March 8, 2023)

 

 

 

 

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 S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Laguna Hills, State of California, on this 4th day of June, 2024.

 

 

 

Sonendo, Inc.

 

 

By:

/s/ Bjarne Bergheim

Name:

Bjarne Bergheim

Title:

President and Chief Executive Officer

POWER OF ATTORNEY

We, the undersigned officers and directors of Sonendo, Inc., hereby severally constitute and appoint Bjarne Bergheim and Chris Guo, and each of them singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him and in his name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement (or any other registration statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as full to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.

Name

Title

Date

/s/ Bjarne Bergheim

President, Chief Executive Officer and Director

 June 4, 2024

Bjarne Bergheim

(Principal Executive Officer)

/s/ Chris Guo

Interim Chief Financial Officer

 June 4, 2024

Chris Guo

(Principal Financial Officer and Accounting officer)

/s/ Carolyn Beaver

 Director

 June 4, 2024

Carolyn Beaver

/s/ Olav Bergheim

 Director

 June 4, 2024

Olav Bergheim

 

/s/ Anthony P. Bihl III

 Director

 June 4, 2024

Anthony P. Bihl III

 

/s/ Raj Pudipeddi

Director

 June 4, 2024

Raj Pudipeddi

 

 

 

 

 

 

/s/ Sadie Stern

 

Director

 

 June 4, 2024

Sadie Stern

 

 

 

 

 

 

 

 

 

 

 


Exhibit 5.1

img83859744_0.jpg 

June 4, 2024

Sonendo, Inc.

26061 Merit Circle, Suite 102

Laguna Hills, CA

Ladies and Gentlemen:

We have acted as counsel to Sonendo, Inc., a Delaware corporation (the “Company”), in connection with the filing by the Company on the date hereof of a Registration Statement on Form S-8 (the “Registration Statement”) with the Securities and Exchange Commission (the “Commission”) covering the offer and sale of up to 1,000,000 shares of the Company’s common stock, $0.001 par value per share (the “Plan Shares”), issuable pursuant to the Company’s 2023 Employment Inducement Incentive Award Plan, as amended on May 31, 2024 (the “Plan”).

This opinion is being furnished at the Company’s request in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933, as amended (the “Securities Act”), and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the prospectus forming a part thereof, other than as to the issuance of the Plan Shares.

In rendering the opinion hereinafter expressed, we have made such legal and factual examinations and inquiries, including an examination of originals or copies certified or otherwise identified to our satisfaction as being true reproductions of originals, of all such documents, records, agreements and other instruments, including the Registration Statement, the Plan, the Amended and Restated Certificate of Incorporation of the Company, the Amended and Restated Bylaws of the Company, and corporate minutes of the Company as we have deemed necessary and appropriate for the purpose of this opinion. We have further assumed the genuineness of all signatures, the authenticity of all documents, certificates and records submitted to us as originals, the conformity to original documents, certificates and records of all documents, certificates and records submitted to us as copies, and the truthfulness of all statements of fact contained therein.

Based upon the foregoing, and having regard to legal considerations and other information that we deem relevant, we are of the opinion that, as of the date hereof, when the Plan Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name and on behalf of the participants, and have been issued by the Company against payment therefor in the circumstances contemplated by the Plan and assuming in each case that the individual issuances, grants or awards under the Plan are duly authorized by all necessary corporate action of the Company and duly issued, granted or awarded and exercised and paid for, for consideration at least equal to the par value thereof, in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the offer and sale of the Plan Shares shall have been duly authorized and, when and to the extent that the Plan Shares are issued in accordance with the foregoing, such Plan Shares will be validly issued, fully paid and non-assessable.

We express no opinion herein as to the laws of any state or jurisdiction other than the General Corporation Law of the State of Delaware.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and the reference to this firm therein. In giving this consent, 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.

 

 

Very truly yours,

 

/s/ Reed Smith LLP

Reed Smith LLP

 


 

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2023 Employment Inducement Incentive Award Plan of Sonendo, Inc. of our report dated March 11, 2024, with respect to the consolidated financial statements of Sonendo, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission.

 

/s/ Ernst & Young LLP

 

Irvine, California

June 4, 2024

 

 


Exhibit 99.2

 

SONENDO, INC.

 

AMENDMENT TO 2023 EmployMENT

Inducement INCENTIVE Award PLAN

(Effective May 31, 2024)

Sonendo, Inc., a Delaware corporation (the “Company”), hereby adopts this Amendment (this “Amendment”) to the 2023 Employment Inducement Incentive Award Plan (as amended, the “Plan”).

WITNESSETH

WHEREAS, the Company’s Board of Directors (the “Board”) has adopted the Plan;

WHEREAS, the Plan currently provides for a maximum aggregate number of shares of common stock of the Company (“Common Stock”) that may be issued under the Plan;

WHEREAS, the Company desires to amend the Plan to increase the number of shares of Common Stock that may be issued under the Plan; and

WHEREAS, pursuant to Section 10.4 of the Plan, the Company may amend the Plan.

NOW, THEREFORE, BE IT RESOLVED, the Plan shall be amended as follows:

Section 11.26 shall be deleted and replaced in its entirety with the following:

“11.26 “Overall Share Limit” means the number of Shares available prior to the Amendment plus 1,000,000 Shares.”

Except as expressly amended by this Amendment, all terms and conditions of the Plan shall remain in full force and effect.

[signature page follows]

 


 

 

IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the effective date written above.

 

 

 

 

 

Sonendo, Inc.

 

 

By:

/s/ Bjarne Bergheim

Name:

Bjarne Bergheim

Title:

President and Chief Executive Officer

 

 


Exhibit 107

 

Calculation of Filing Fee Tables

Form S-8

(Form Type)

Sonendo, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

Security Type

Security Class Title

Fee Calculation Rule

Amount Registered (1)

Proposed Maximum Offering Price Per Share

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Equity

2023 Employment Inducement Incentive Award Plan Common Stock, $0.001 par value per share

Rule 457(c) and Rule 457(h)

1,000,000(2)

$0.09(3)

$90,000

$0.0001476

$13.28

Total Offering Amounts

 

$90,000

 

$13.28

Total Fee Offsets

 

 

 

Net Fee Due

 

 

 

$13.28

 

(1)

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock, $0.001 par value per share (the “Common Stock”), that become issuable under the Sonendo, Inc. 2023 Employment Inducement Incentive Award Plan, as amended on May 31, 2024 (the “2023 Inducement Plan”) by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the Registrant’s receipt of consideration which would increase the number of outstanding shares of Common Stock.

 

(2)

Represents 1,000,000 additional shares of Common Stock reserved for issuance under the 2023 Inducement Plan.

 

(3)

Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act solely for the purpose of calculating the registration fee on the basis of $0.09 per share, which is the average of the high and low prices of the Common Stock, as reported on the OTC Markets, on May 28, 2024.

 

 



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