ANEW Medical Inc
Filed Sep 5, 2024.
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A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Sep 5, 2024
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORMS-1
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
(Exact name of registrant as specified in its charter)
| Delaware | 2836 | 86-2727441 |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code) | (I.R.S. Employer Identification No.) |
13576 Walnut Street, Suite A
Omaha, NE 68144
Telephone: (833) 931-6330
(Address and telephone number of registrant’s
principal executive offices)
Joseph A. Sinkule
13576 Walnut Street, Suite A
Omaha, NE 68144
Telephone: (833) 931-6330
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
Copies of all Correspondence to:
Paul Goodman, Esq.
Cyruli Shanks & Zizmor, LLP
Attorneys At Law
420 Lexington Avenue
Suite 2320
New York, NY 10170
Telephone: (212) 212-6800
Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective.
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, please 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. ☐
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. ☐
If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box: ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ | |
| Non-accelerated filer | ☒ | Smaller reporting registrant | ☒ | |
| 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 13(a) of the Exchange Act.☐
(1) We are registering (a) up to 11,500,000 shares of common stock that we may issue to investors upon the exercise of warrants originally issued as part of a unit sold in our Initial Public Offering, and (b) 10,027,925 of common stock currently held by certain other selling shareholders which includes (i) up to 415,000 shares of common stock that we may issue to Redwoods, LLC upon the exercise of warrants and (ii) up to 115,000 shares of common stock that we may issue to Chardan Capital Markets, LLC upon the exercise of warrants.
(2) The offering price has been estimated solely for the purpose of computing the amount of the registration fee in accordance with Rule 457(c) of the Securities Act, based upon the average of the high and low sales prices for the registrant’s common stock as reported by Nasdaq on August 30, 2024.
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND IS SUBJECT TO COMPLETION AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.
Preliminary Prospectus Dated September 5, 2024
Up to a Maximum of 21,527,925 Shares of Common Stock
This prospectus relates to the offering and resale by the selling stockholders identified herein of up to 21,527,925 shares of common stock, par value $0.0001 per share, of ANEW Medical Inc. These shares include (a) up to 11,500,000 shares of common stock that we may issue to investors upon the exercise of warrants originally issued as part of a unit sold in our Initial Public Offering, and (b) 10,027,925 of common stock currently held by certain other selling shareholders which includes (i) up to 415,000 shares of common stock that we may issue to Redwoods, LLC upon the exercise of warrants and (ii) up to 115,000 shares of common stock that we may issue to Chardan Capital Markets, LLC upon the exercise of warrants.
The Selling Stockholders may offer all or part of the shares for resale from time to time through public or private transactions at either fixed prices or prevailing market prices at the time of sale, at varying prices or negotiated prices.
Any broker-dealers or agents that are involved in such resales may be deemed to be “underwriters” within the meaning of the Securities Act in connection therewith. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. For more information, please see the section of this prospectus titled “Plan of Distribution” beginning on page 30.
We will not receive any proceeds from the resale of shares of common stock by the Selling Stockholders.
Our common stock is traded on the NASDAQ Global Market under the symbol “WENA.” On August 30, 2024, the average of the high and low sales prices of our common shares was $0.95 per share. These prices will fluctuate based on the demand for our common shares.
Investing in our common shares involves a high degree of risk. You should purchase shares only if you can afford a complete loss. See “Risk Factors” beginning on page 2.
Neither the Securities and Exchange Commission (“SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
TABLE OF CONTENTS
| Page | |
|---|---|
| Prospectus Summary | 1 |
| Risk Factors | 2 |
| Forward Looking Statements | 28 |
| Use of Proceeds | 29 |
| Plan of Distribution | 30 |
| Description of Business | 32 |
| Dividend Policy | 58 |
| Management’s Discussion and Analysis of Financial Condition and Results of Operations | 59 |
| Directors, Executive Officers, Promoters and Control Persons | 71 |
| Security Ownership of Certain Beneficial Owners and Management | 77 |
| Certain Relationships and Related Transactions | 78 |
| Description of Capital Stock | 79 |
| Selling Stockholders | 84 |
| Shares Eligible for Future Sale | 86 |
| Disclosure of Commission Position on Indemnification for Securities Act liabilities | 87 |
| Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 88 |
| Market for Common Stock and Related Stockholder Matters | 89 |
| Experts | 90 |
| Legal Proceedings | 90 |
| Legal Matters | 90 |
| Where You Can Find More Information | 91 |
| Consolidated Financial Statements | F-1 |
Unless otherwise specified or the context otherwise requires, references in this prospectus to “we”, “our” and “us” and the “Company” refer to ANEW Medical, Inc.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.