# EDGAR Filing Document

**Accession Number:** 0001603454
**File Stem:** 0001493152-23-006593
**Filing Date:** 2023-3
**Character Count:** 12865
**Document Hash:** fb90a03db132caa45e3a299cd130ec4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-006593.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0001493152-23-006593

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**EFFECTIVENESS DATE**: 20230302

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Celcuity Inc.
- **CENTRAL INDEX KEY:** 0001603454
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MEDICAL LABORATORIES [8071]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270238
- **FILM NUMBER:** 23700111

**BUSINESS ADDRESS:**
- **STREET 1:** 16305 36TH AVENUE N
- **STREET 2:** SUITE 100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55446
- **BUSINESS PHONE:** 763-392-0767

**MAIL ADDRESS:**
- **STREET 1:** 16305 36TH AVENUE N
- **STREET 2:** SUITE 100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55446

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Celcuity LLC
- **DATE OF NAME CHANGE:** 20140324

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

**Under the Securities Act of 1933**

**CELCUITY INC.**

**(Exact Name of Registrant as Specified in its Charter)**

---

| | |
|:---|:---|
| **Delaware** | **82- 2863566** |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**16305 36th Avenue North; Suite 100**

**Minneapolis, Minnesota 55446**

**(Address of Principal Executive Offices and Zip Code)**

**Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan**

**Celcuity Inc. 2017 Employee Stock Purchase Plan**

**(Full Titles of the Plans)**

---

| | |
|:---|:---|
| **Brian F. Sullivan** | ***Copies to:*** |
| **Chief Executive Officer** | **Eric O. Madson** |
| **16305 36th Avenue N., Suite 100** | **Fredrikson & Byron, P.A.** |
| **Minneapolis, MN 55446** | **200 South Sixth Street, Suite 4000** |
| **(763) 392-0767** | **Minneapolis, MN 55402** |
| **(Name, Address and Telephone Number, Including Area Code, of Agent for Service)** | **Fax: (612) 492-7077** |

---

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 ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> 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. ☐

**STATEMENT OF INCORPORATION BY REFERENCE**

The purpose of this Registration Statement is to register (i) 216,673 additional shares of the registrant's common stock, par value $0.001 per share (the "Common Stock"), reserved for issuance under the Registrant's Amended and Restated 2017 Stock Incentive Plan, and (ii) 108,337 additional shares of Common Stock reserved for issuance under the Registrant's 2017 Employee Stock Purchase Plan. This Registration Statement is submitted in accordance with General Instruction E to Form S-8 regarding registration of additional securities, and pursuant to such instruction, the contents of the Registration Statement on Form S-8 (File No. 333-221117) is incorporated herein by reference, except for Item 8, Exhibits.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 8. Exhibits.**

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| 5.1 | [Opinion of Fredrikson & Byron, P.A.](ex5-1.htm) |
| 23.1 | [Consent of Boulay PLLP](ex23-1.htm) |
| 23.2 | [Consent of Fredrikson & Bryon, P.A. (included in Exhibit 5.1)](ex5-1.htm) |
| 24.1 | [Power of Attorney (included on signature page hereof)](#A_001) |
| 99.1 | [Celcuity Inc. 2017 Employee Stock Purchase Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant's Registration Statement on Form S-1 filed on September 12, 2017 (File No. 333-220128))](https://www.sec.gov/Archives/edgar/data/1603454/000157104917007846/t1702519_ex10-1.htm) |
| 99.2 | [Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on May 15, 2020)](https://www.sec.gov/Archives/edgar/data/1603454/000165495420005645/celc_ex101.htm) |
| 107 | [Filing Fee Table](ex107.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Act, 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 Minneapolis, State of Minnesota, on March 2, 2023.

---

| | |
|:---|:---|
| **CELCUITY INC.** | **CELCUITY INC.** |
| By: | */s/ Brian F. Sullivan* |
|  | Brian F. Sullivan |
|  | *Chief Executive Officer* |

---

**POWER OF ATTORNEY**

The undersigned directors and officers of Celcuity Inc. hereby appoint Brian F. Sullivan as attorneys-in-fact for the undersigned, with full power of substitution for, and in the name, place and stead of the undersigned, to sign and file with the Securities and Exchange Commission under the Securities Act, any and all amendments (including post-effective amendments) and exhibits to this registration statement on Form S-8 (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) and any and all applications and other documents to be filed with the Securities and Exchange Commission pertaining to the registration of the securities covered hereby, with full power and authority to do and perform any and all acts and things whatsoever requisite and necessary or desirable, hereby ratifying and confirming all that said attorney-in-fact, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

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

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Brian F. Sullivan* | Chief Executive Officer (Principal Executive Officer),<br>| March 2, 2023 |
| Brian F. Sullivan | Director and Chairman |  |
| */s/ Vicky Hahne* | Chief Financial Officer (Principal Financial and<br>| March 2, 2023 |
| Vicky Hahne | Accounting Officer) |  |
| */s/ Lance G. Laing* | Chief Science Officer, Vice President and Secretary, | March 2, 2023 |
| Lance G. Laing | and Director |  |
| */s/ Richard E. Buller* | Director | March 2, 2023 |
| Richard E. Buller |  |  |
| */s/ David F. Dalvey* | Director | March 2, 2023 |
| David F. Dalvey |  |  |
| */s/ Leo T. Furcht* | Director | March 2, 2023 |
| Leo T. Furcht |  |  |
| */s/ Polly A. Murphy* | Director | March 2, 2023 |
| Polly A. Murphy |  |  |
| */s/ Richard J. Nigon* | Director | March 2, 2023 |
| Richard J. Nigon |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

<u>OPINION OF FREDRIKSON & BYRON, P.A.</u>

**FREDRIKSON & BYRON, P.A.**

200 South Sixth Street, Suite 4000

Minneapolis, Minnesota 55402

Telephone: (612) 492-7000

Facsimile: (612) 492-7077

March 2, 2023

Celcuity Inc.

16305 36th Avenue N., Suite 100

Minneapolis, MN 55446

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We are acting as corporate counsel to Celcuity Inc. (the "Company") in connection with the filing by the Company of a Registration Statement on Form S-8 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Act"), to register 325,010 shares (plus any additional shares as described in footnote (1) to the Calculation of Registration Fee table) of Common Stock, par value $0.001, of the Company, which we have been advised by the Company may be issued from time to time pursuant to the Company's Amended and Restated 2017 Stock Incentive Plan and 2017 Employee Stock Purchase Plan (each, a "Plan" and collectively, the "Plans"). All such shares of Common Stock to be issued pursuant to the Plans are referred to herein as the "Shares."

In acting as such counsel and for the purpose of rendering this opinion, we have reviewed copies of the following, as presented, and represented as being such, to us by the Company: (i) the Company's Certificate of Incorporation; (ii) the Company's Bylaws; (iii) certain corporate resolutions adopted by the Board of Directors and stockholders of the Company pertaining to the approval of the Plans; (iv) the Plans; and (v) the Registration Statement. In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals and the conformity with the original of all documents submitted to us as copies thereof.

Based on, and subject to, the foregoing and upon representations and information provided by the Company or its officers or directors or by public officials or their staffs, it is our opinion as of this date that, upon issuance and delivery of the Shares against receipt by the Company of the consideration for the Shares pursuant to the terms of the respective Plan, the Shares will be validly issued, fully paid and nonassessable.

This opinion is limited to the Delaware General Corporation Law. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| Fredrikson & Byron, P.A. | Fredrikson & Byron, P.A. |
| By: | */s/ Eric O. Madson* |
|  | Eric O. Madson<br> *Vice President* |

---

## Exhibit 23.1

**Exhibit 23.1**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statement on Form S-8 pertaining to the Celcuity Inc. Amended and Restated 2017 Stock Incentive Plan and Celcuity Inc. 2017 Employee Stock Purchase Plan of our report dated March 23, 2022, with respect to the balance sheets of Celcuity Inc as of December 31, 2021 and 2020, and the related statements of operations, changes in stockholders' equity, and cash flows for each of the years ended December 31, 2021 and 2020 included in the Annual Report on Form 10-K of Celcuity Inc. for the year ended December 31, 2021, filed with the Securities and Exchange Commission.

/s/ Boulay PLLP

Minneapolis, Minnesota

March 2, 2023

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Tables**

**Form S-8**

(Form Type)

**Celcuity Inc.**

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Newly Registered Securities**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Type | Security Class Title | Fee Calculation Rate (1) | Amount Registered (2) | Proposed Maximum Offering Price Per Share (3) | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration fee |
| Equity | Common Stock issuable under the Registrant's Amended and Restated 2017 Stock Incentive Plan | Other | 216673 | $11.52 | $2496073 | 0.0001102 | $275.07 |
| Equity | Common Stock issuable under the Registrant's 2017 Employee Stock Purchase Plan | Other | 108337 | $11.52 | $1248043 | 0.0001102 | $137.54 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  |  | $3744116 |  | $412.61 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  |  | N/A |
| Net Fee Due | Net Fee Due | Net Fee Due |  |  |  |  | $412.61 |

---

(1) Fee
 calculated in accordance with Rules 457(c) and 457(h) under the Securities Act of 1933, as amended (the "Securities Act").

(2) Pursuant
 to Rule 416 under the Securities Act, there is also being registered hereunder an indeterminate number of additional securities that
 may become issuable pursuant to antidilution provisions of the plans covered by this Registration Statement.

(3) Estimated
 pursuant to Rule 457(c) and Rule 457(h) solely for the purpose of calculating the registration fee and based upon the average of
 the high and low prices of the Registrant's Common Stock on February 24, 2023, as quoted on the Nasdaq Capital Market.