As filed with the Securities and Exchange Commission on June 12, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S‑8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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| ASP ISOTOPES INC. |
| (Exact name of registrant as specified in its charter) |
| Delaware |
| 87-2618235 |
| (State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
1101 Pennsylvania Avenue NW, Suite 300
Washington, D.C. 20004
(Address of Principal Executive Offices) (Zip Code)
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ASP ISOTOPES INC. 2022 EQUITY INCENTIVE PLAN
(Full title of the plan)
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Paul E. Mann
Executive Chairman and Chief Executive Officer
ASP Isotopes Inc.
1101 Pennsylvania Avenue NW, Suite 300
Washington, D.C. 20004
(Name and address of agent for service)
(202) 756-2245
(Telephone number, including area code, of agent for service)
Copy to:
Donald G. Ainscow, Esq.
Blank Rome LLP
200 Crescent Court, Suite 1000
Dallas, TX 75201
Tel: (972) 850-1450
Fax: (972) 850-1451
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 ☒ | |
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| 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 ☐ |
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Explanatory Note
Pursuant to General Instruction E to Form S-8 under the Securities Act of 1933, as amended (the “Securities Act”), ASP Isotopes Inc. (the “Company”) is filing this Registration Statement on Form S-8 (the “Registration Statement”) for the purpose of registering additional shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), issuable under the ASP Isotopes Inc. 2022 Equity Incentive Plan (the “2022 Plan”). The number of shares of Common Stock available for issuance under the 2022 Plan is 5,000,000 shares of Common Stock, subject to an annual increase on January 1 of each year beginning in 2023 for a period of ten (10) years, in an amount equal to the lesser of (i) five percent (5%) of the total number of shares of Common Stock outstanding on December 31 of the preceding calendar year, or (ii) such number of shares of Common Stock determined by the Board of Directors of the Company (the “Evergreen Provision”). This Registration Statement registers an aggregate of 2,446,164 additional shares of Common Stock available for issuance under the 2022 Plan as a result of the Evergreen Provision, which shares were automatically made so available on the first day of 2024, representing 5% of the total number of shares of Common Stock outstanding on December 31, 2023.
The shares of Common Stock registered pursuant to this Registration Statement are of the same class of securities as the 8,200,000 shares of Common Stock registered for issuance under the 2022 Plan pursuant to the currently effective Registration Statement on Form S-8 (File No. 333-268421) filed on November 16, 2022 (representing 5,000,000 shares of Common Stock initially available for future grants under the 2022 Plan, and an additional 3,200,000 shares of Common Stock anticipated to become available for issuance under the 2022 Plan pursuant to the Evergreen Provision). The information contained in the Company’s Registration Statement on Form S-8 (File No. 333-268421) is hereby incorporated by reference pursuant to General Instruction E. Any items in the Company’s Registration Statement on Form S-8 (File No. 333-268421) not expressly changed hereby shall be as set forth in the Company’s Registration Statement on Form S-8 (File No. 333-268421).
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PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed by the Registrant with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:
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| (a) | the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 10, 2024, and as amended by that Form 10-K/A filed with the SEC on April 29, 2024; |
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| (b) | the Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the SEC on May 15, 2024; |
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| (c) | the Registrant’s Current Reports on Form 8-K filed on January 18, 2024, February 29, 2024, April 9, 2024, and June 6, 2024 and; |
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| (d) | the description of the Registrant’s common stock contained in Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed with the SEC on April 10, 2024, including any amendments or reports filed for the purpose of updating such description. |
All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to the Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such documents.
The Registrant is not incorporating by reference any information or document, or portion thereof, whether specifically listed above or to be filed in the future, that is furnished to, and is not deemed “filed” with, the Commission.
Any statement contained in a document incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in this Registration Statement, or in any other subsequently filed document which also is or is deemed to be incorporated by reference in this Registration Statement, modifies or supersedes such earlier statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
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Item 8. Exhibits.
(a) Exhibits
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| 23.2 |
| Consent of Blank Rome LLP (included in Exhibit 5.1) |
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| X |
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| ASP Isotopes Inc. 2022 Equity Incentive Plan and forms of award agreement thereunder |
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| S-1/A |
| 10/11/2022 |
| 10.2 |
| 333-267392 | |
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| X |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Washington, D.C. on June 12, 2024.
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| ASP ISOTOPES INC. |
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| By | /s/ Paul E. Mann |
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| Paul E. Mann Executive Chairman and Chief Executive Officer |
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KNOW ALL PERSONS BY THESE PRESENTS, that that each person whose signature appears below constitutes and appoints Paul E. Mann and Robert Ainscow, and each of them, as such person’s true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments, including post-effective amendments, to this Registration Statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully for all intents and purposes as such person might or could do in person, hereby approving, ratifying and confirming all that each of said attorneys-in-fact and agents or their substitute or substitutes may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
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| Date |
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| /s/ Paul E. Mann |
| Executive Chairman, Chief Executive Officer and Director (Principal Executive Officer) |
| June 12, 2024 |
| Paul E. Mann |
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| /s/ Robert Ainscow |
| Chief Operating Officer and Chief Financial Officer (Principal Financial and Accounting Officer) |
| June 12, 2024 |
| Robert Ainscow |
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| /s/ Michael Gorley, Ph.D. |
| Director |
| June 12, 2024 |
| Michael Gorley, Ph.D. |
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| /s/ Duncan Moore, Ph.D. |
| Director |
| June 12, 2024 |
| Duncan Moore, Ph.D. |
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| /s/ Robert Ryan |
| Director |
| June 12, 2024 |
| Robert Ryan |
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| /s/ Hendrik Strydom, Ph.D. |
| Director |
| June 12, 2024 |
| Hendrik Strydom, Ph.D. |
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| /s/ Todd Wider, M.D. |
| Director |
| June 12, 2024 |
| Todd Wider, M.D. |
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