As
filed with the Securities and Exchange Commission on June 10, 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
MDB
CAPITAL HOLDINGS, LLC
(Exact
Name of Registrant as Specified in Its Charter)
| Delaware |
|
87-4366624 |
State
or Other Jurisdiction of
Incorporation
or Organization |
|
(I.R.S.
Employer
Identification
Number) |
14135
Midway Road, Suite G150
Addison,
TX 75001
(Address
of Principal Executive Offices)
2022
Equity Incentive Plan
(Full
Title of the Plan)
Christopher
Marlett
Chief
Executive Officer
14135
Midway Road, Suite G150
Addison,
TX 75001
(310)
562-5000
(Name,
Address and Telephone Number, Including Area Code, of Agent for Service)
with
a copy to:
Andrew
Hudders, Esq.
Golenbock
Eiseman Assor Bell & Peskoe LLP
711
Third Avenue, Floor 17
New
York, New York 10017
Telephone:
(212) 907-7349
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 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. ☒
In
accordance with the provisions of Rule 462 promulgated under the Securities Act, this registration statement will become effective upon
filing with the Securities and Exchange Commission.
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 this Part I will be sent or given to the participants as specified by Rule 428(b)(1) of the Securities
Act of 1933, as amended (the “Securities Act”). Such documents need not be filed with the Securities and Exchange Commission
(the “SEC”) either as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule
424 of the Securities Act. These documents and the documents incorporated by reference in 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
Item 3. Incorporation of Documents by Reference.
The
following documents previously or concurrently filed by the Registrant with the Securities and Exchange Commission (“SEC”)
are hereby incorporated by reference in this Registration Statement:
| |
1. |
The
Registrant’s Annual Report on Form
10-K, for the fiscal year ended December 31, 2023, filed March 29, 2024; |
| |
2. |
The
Registrant’s Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2024, filed May 13, 2024; |
| |
3. |
The
Registrant’s Current Reports on Form 8-K filed with the SEC on July
31, 2023, September
20, 2023, November
14, 2023, November
16, 2023, and December
22, 2023; |
| |
4. |
The
description of the Registrant’s Class A Common Shares, representing limited liability interests, contained in a registration
statement on Form
8-A12B on July 20, 2023, pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including
any amendment or report filed for the purpose of updating such description, including the Exhibit
4.3 to the Registrant’s Annual Report on Form 10-K, for the fiscal year ended December 31, 2023; and |
| |
5. |
All
other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year for which audited financial
statements of the Registrant have been filed. |
All
documents subsequently filed by us 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 which indicates that all securities offered hereby have been sold or which deregisters all securities
remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the respective
dates of filing of such documents.
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 that also is or is deemed to be incorporated by reference in this Registration
Statement, modifies or supersedes such prior statement. Any statement contained in this Registration Statement shall be deemed to be
modified or superseded to the extent that a statement contained in a subsequently filed document that is or is deemed to be incorporated
by reference in this Registration Statement modifies or supersedes such prior 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.
Item 4. Description of Securities.
Not
applicable.
Item 5. Interests of Named Experts and Counsel.
Not
applicable.
Item 6. Indemnification of Directors and Officers.
Our
Amended and Restated Limited Liability Company Agreement provides that a director will not be personally liable to us or to our equity
holders for monetary damages for breach of the fiduciary duty of care as a director. This provision does not eliminate or limit the liability
of a director:
| |
●
|
for
breach of his or her duty of loyalty to us or to our equity holders; |
| |
●
|
for
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
| |
●
|
under
Section 174 of the Delaware General Corporation Law (the “DGCL”) relating to unlawful payments or dividends or unlawful
stock repurchases or redemptions; or |
| |
●
|
for
any transaction from which the director derived improper personal benefit. |
Our
Amended and Restated Limited Liability Company Agreement also provides that:
| |
●
|
we
are required to indemnify our directors and executive officers to the fullest extent permitted by the DGCL, subject to very limited
exceptions; |
| |
●
|
we
may indemnify our other employees and agents as set forth in the DGCL; |
| |
●
|
we
are required to advance expenses, as incurred, to our directors and executive officers in connection with a legal proceeding to the
fullest extent permitted by the DGCL, subject to very limited exceptions; and |
| |
●
|
the
rights conferred in the restated Amended and Restated Limited Liability Company Agreement are not exclusive. |
The
above is a general summary of certain provisions of the registrant’s Amended and Restated Limited Liability Company Agreement and
is subject in all respects to the specific and detailed provisions of the registrant’s Amended and Restated Limited Liability Company
Agreement.
The
registrant maintains insurance policies insuring its directors and officers against certain obligations that may be incurred by them.
Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons,
pursuant to the forgoing provisions or otherwise, we have been informed that in the opinion of the SEC such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable.
Item 8. Exhibits.
See
the attached Exhibit Index, which is incorporated herein by reference.
Item 9. Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
| |
(i) |
To
include any prospectus required by Section 10(a)(3) of the Securities Act; |
| |
(ii) |
To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end
of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
and |
| |
(iii) |
To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement; |
provided,
however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to the Securities and Exchange Commission by the
Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of
the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the provisions described in Item 6 above, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the
final adjudication of such issue.
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 Town of Addison, State of Texas, on June 10, 2024.
| |
MDB
CAPITAL HOLDINGS, LLC |
| |
|
|
| |
By: |
/s/
Christopher A. Marlett |
| |
|
Christopher
A. Marlett |
| |
|
Chief
Executive Officer |
POWER
OF ATTORNEY
KNOW
ALL PERSONS BY THESE PRESENTS that each person whose signature appears below constitutes and appoints Christopher A. Marlett and Mo Hayat
and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and re-substitution,
for him or her and in his or her 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 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 and necessary to be done, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that each of said attorney-in-fact and agents or their 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 dates indicated.
| Signature |
|
Title |
|
Date |
| |
|
|
|
|
| /s/
Christopher A. Marlett |
|
Chief
Executive Officer, Chairman of the Board and Director |
|
June
10, 2024 |
| Christopher
A. Marlett |
|
(Principal
Executive Officer) |
|
|
| |
|
|
|
|
| /s/
Jeremy W. James |
|
Chief
Financial Officer |
|
June
10, 2024 |
| Jeremy
W. James |
|
(Principal
Financial and Accounting Officer) |
|
|
| |
|
|
|
|
| /s/
Anthony DiGiandomenico |
|
Head
of New Venture Discovery and Director |
|
June
10, 2024 |
| Anthony
DiGiandomenico |
|
|
|
|
| |
|
|
|
|
| /s/
George Brandon |
|
President
& Head of Community Development and Director |
|
June
10, 2024 |
| George
Brandon |
|
|
|
|
| |
|
|
|
|
| /s/
Mo Hayat |
|
Head
of Corporate Development & Chief Legal Officer, and Director |
|
June
10, 2024 |
| Mo
Hayat |
|
|
|
|
|
|
|
|
|
| /s/
Susanne Meline |
|
Director |
|
June
10, 2024 |
| Susanne
Meline |
|
|
|
|
| |
|
|
|
|
| /s/
Matthew Hayden |
|
Director |
|
June
10, 2024 |
| Matthew
Hayden |
|
|
|
|
| |
|
|
|
|
| /s/
Sean Magennis |
|
Director |
|
June
10, 2024 |
| Sean
Magennis |
|
|
|
|
EXHIBIT
INDEX
*
Filed herewith
Exhibit
5.1
Golenbock
Eiseman Assor Bell & Peskoe LLP
711
Third Avenue
New
York, New York 10017
Attorneys
at Law
Tel.
212-907-7300 / Fax 212-754-0330 / www.golenbock.comn
June
10, 2024
MDB
Capital Holdings, LLC
14135
Midway Road, Suite G150
Addison,
TX 75001
Ladies
and Gentlemen:
We
have acted as counsel to MDB Capital Holdings, LLC, a Delaware limited liability company (the “Company”), in connection with
a Registration Statement on Form S-8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”),
relating to the issuance by the Company from time to time of up to 7,073,908 shares of Class A Common Shares of the Company, representing
Limited Liability Interests (the “Shares”), pursuant to the Company’s 2022 Equity Incentive Plan (the “Plan”).
We
have examined such documents and considered such legal matters as we have deemed necessary and relevant as the basis for the opinion
set forth below. With respect to such examination, we have assumed the genuineness of all signatures, the authenticity of all documents
submitted to us as originals, the conformity to original documents of all documents submitted to us as reproduced or certified copies,
and the authenticity of the originals of those latter documents. We have also assumed that in granting future awards under the Plan,
the Board of Directors of the Company or the appropriate committee thereunder will exercise its discretion in establishing the terms
of such awards within the permissible limits of the law of the State of Delaware and the Certificate of Formation and Amended and Restated
Operating Agreement of the Company.
Based
upon the foregoing, it is our opinion that the Shares to be issued by the Company under the Plan, when sold in accordance with the terms
of the Plan and the individual instruments or agreements governing their issuance, will be legally issued, fully paid and non-assessable,
although they may be subject to contractual restrictions established by the Plan or the individual instrument or agreement.
In
giving this opinion, we have assumed that all certificates or book entry evidence for the Shares, prior to their issuance, will be duly
executed or created on behalf of the Company by the Company’s transfer agent and the shares and their issuance appropriately registered
by the Company’s registrar, if necessary, and will conform, except as to name, address and denominations, to specimens which we
have examined.
We
express no opinion as to the applicability or effect of any laws, orders or judgments of any state or other jurisdiction other than federal
securities laws and the Limited Liability Company Act of the State of Delaware. Further, this opinion speaks as of the date hereof and
is based solely upon existing laws, rules and regulations, and we undertake no obligation to advise you of any changes that may be brought
to our attention after the date hereof. This opinion is expressly limited to the matters set forth above, and we render no opinion, whether
by implication or otherwise, as to any other matters relating to the Company or the Shares.
This
opinion is issued to you solely for use in connection with the Registration Statement and is not to be quoted or otherwise referred to
in any financial statements of the Company or any other document, nor is it to be filed with or furnished to any government agency or
other person, without our prior written consent.
We
hereby consent to the use of this opinion as an exhibit to the Registration Statement, to the use of our name as your counsel and to
all references made to us in the Registration Statement. In giving this consent, we do not hereby admit that we are in the category of
persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder.
| |
Very
Truly Yours, |
| |
|
| |
/S/
Golenbock Eiseman Assor Bell & Peskoe LLP |
Exhibit
23.1
CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We
consent to the incorporation by reference in this registration statement on Form S-8 pertaining to the 2022 Equity Inceptive Plan of
MDB Capital Holdings, LLC, of our report dated March 29, 2024 relating to the consolidated financial statements of MDB Capital Holdings,
LLC included in its Annual Report (Form 10-K) for the year ended December 31, 2023.
New
York, NY
June
10, 2024
Exhibit
23.2
Consent
of Independent Registered Public Accounting Firm
MDB
Capital Holdings, LLC
Addison,
Texas
We
hereby consent to the incorporation by reference in this Registration Statement of our report dated March 23, 2023, relating to the consolidated
financial statements of MDB Capital Holdings, LLC, (the Company) appearing in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2023.
/s/
BDO USA, P.C.
Dallas,
Texas
June
10, 2024
Exhibit
107
Calculation
of Filing Fee Table
FORM
S-8
(Form
Type)
MDB
Capital Holdings, LLC
(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(2) | | |
Maximum
Aggregate
Offering
Price | | |
Fee
Rate | | |
Amount
of
Registration
Fee | |
| Equity | |
Class
A Common Shares, no par value per share | |
Other | |
| 7,073,908 | | |
$ | 8.31 | | |
$ | 58,784,175.48 | | |
| 0.00014760 | | |
$ | 8,676.54 | |
| Total
Offering Amounts | | |
| | | |
$ | 58,784,175.48 | | |
| | | |
$ | 8,676.54 | |
| Total
Fee Offsets | | |
| | | |
| | | |
| | | |
| — | |
| Net
Fee Due | | |
| | | |
| | | |
| | | |
$ | 8,676.54 | |
| (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 Class A Common Shares that become issuable under the 2022 Incentive Equity 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 Class A Common Shares. |
| |
|
| (2) |
Estimated
solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under
the Securities Act. The Proposed Maximum Offering Price Per Share is based on the average of the high and the low price of Class
A Common Shares as reported on the Nasdaq Capital Market on June 7, 2024. |
Grafico Azioni MDB Capital (NASDAQ:MDBH)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni MDB Capital (NASDAQ:MDBH)
Storico
Da Nov 2023 a Nov 2024
