As
filed with the Securities and Exchange Commission on July 25, 2025
Registration
No. 333-
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
S-8
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
Cingulate
Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
86-3825535 |
(State
or other jurisdiction of
incorporation or organization) |
|
(I.R.S.
Employer
Identification
No.) |
1901
West 47th Place
Kansas
City, KS 66205
(Address
of Principal Executive Offices) (Zip Code)
Cingulate
Inc. 2021 Omnibus Equity Incentive Plan
(Full
title of the plan)
Shane
J. Schaffer
Chief
Executive Officer
Cingulate
Inc.
1901
West 47th Place
Kansas
City, KS 66205
(Name
and address of agent for service)
Telephone:
913-942-2300
(Telephone
number, including area code, of agent for service)
Please
send copies of all communications to:
Steven
M. Skolnick, Esq.
Michael
J. Lerner, Esq.
Lowenstein
Sandler LLP
1251
Avenue of the Americas
New
York, NY 10020
Telephone:
(212) 262-6700
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
Pursuant
to General Instruction E to Form S-8 under the Securities Act, this Registration Statement is filed by Cingulate Inc. (the “Company”)
for the purpose of registering additional shares of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), under the Company’s 2021 Omnibus Equity Incentive Plan, as amended (the “Equity Plan”).
The
number of shares of Common Stock available for issuance under the Equity Plan is subject to an automatic annual increase on January 1
of each year beginning in 2022 and ending on (and including) January 1, 2031 in an amount equal to the lesser of (i) five percent (5%)
of the outstanding shares of all classes of the Company’s Common Stock (on a fully diluted basis, but rounded to the nearest 1,000
share increment) as of the last day of the immediately preceding fiscal year or (ii) such number of shares determined by the Company’s
Board of Directors (the “Evergreen Increase”). An aggregate of 216,250 additional shares of Common Stock are
available for issuance under the Equity Plan as a result of the Evergreen Increase on January 1, 2025 (the “Evergreen Shares”).
On
June 10, 2025, at the Company’s 2025 Annual Meeting of Stockholders, the Company’s stockholders approved Amendment No. 2
to the Equity Plan to increase the number of shares of Common Stock authorized for issuance under the Equity Plan by 800,000 shares (the
“New Shares” and together with the Evergreen Shares, the “Additional Shares”).
The
1,016,250 Additional Shares being registered pursuant to this Registration Statement are of the same class of securities as the 8,033
shares of Common Stock (after giving effect to the Reverse Splits referenced below) registered for issuance under the Equity Plan pursuant
to the currently effective Registration Statement on Form S-8 (Registration No. 333-264002) filed on March 30, 2022, the 3,577 shares
of Common Stock (after giving effect to the Reverse Splits referenced below) registered for issuance under the Equity Plan pursuant to
the currently effective Registration Statement on Form S-8 filed on March 13, 2023 (Registration No. 333-270484), the 9,800 shares of
Common Stock (after giving effect to the 2024 Reverse Split referenced below) registered for issuance under the Equity Plan pursuant
to the currently effective Registration Statement on Form S-8 filed on April 4, 2024 (Registration No. 333-278511) and the 104,167 shares
of Common Stock (after giving effect to the 2024 Reverse Split referenced below) registered for issuance under the Equity Plan pursuant
to the currently effective Registration Statement on Form S-8 filed on July 15, 2024 (Registration No. 333-280819) (collectively,
the “Prior Registration Statements”). The information contained in the Prior Registration Statements is hereby
incorporated by reference pursuant to General Instruction E. Any items in the Prior Registration Statements not expressly changed hereby
shall be as set forth in the Prior Registration Statements.
All
share amounts referenced above and otherwise in this Registration Statement give effect to a 1-for- 20 reverse stock split of the Common
Stock effected on November 30, 2023 (the “2023 Reverse Split”) and a 1-for-12 reverse stock split of the Common
Stock effected on August 9, 2024 (the “2024 Reverse Split” and together with the 2023 Reverse Split, the “Reverse
Splits”).
PART
II
Information
Required in the Registration Statement
Item
3. Incorporation of Documents by Reference.
The
following documents filed by the Company with the Commission pursuant to the Securities Act and the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), are incorporated herein by reference :
|
(a) |
the
Company’s latest annual report on Form 10-K filed pursuant to Section 13(a) or 15(d) of the Exchange Act for the fiscal year
ended December 31, 2024, as filed with the Commission on March 27, 2025; |
|
|
|
|
(b) |
the
Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2025, filed on May 8, 2025; |
|
|
|
|
(b) |
the
Company’s current reports on Form 8-K, filed with the Commission on January
7, 2025, January
24, 2025, February
3, 2025, March
4, 2025, April
9, 2025, May
13, 2025 and June
11, 2025 July
22, 2025 and July 25, 2025 (other than any portions thereof deemed furnished and not filed); and |
|
|
|
|
(c) |
the
description of the Company’s common stock contained in the Company’s Registration Statement on Form 8-A (Registration
No. 001-40874) filed with the Commission on December 3, 2021 under Section 12(b) of the Exchange Act, including any amendments or
reports filed for the purpose of updating such description, including Exhibit 4.5 to the Company’s annual report on Form 10-K
for the year ended December 31, 2024, filed with the Commission on March 27, 2025. |
All
documents filed by the Company pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration
Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or
which deregisters all securities 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 filing such documents, except as to specific sections of such documents as set forth therein.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document, which
also is deemed to be incorporated by reference herein, modifies or supersedes such statement.
Item
8. Exhibits.
Exhibit |
|
|
|
Incorporated
by Reference |
Number |
|
Exhibit
Description |
|
Form |
|
Exhibit |
|
Filing
Date |
4.1 |
|
Cingulate Inc. 2021 Omnibus Equity Incentive Plan |
|
S-1 |
|
10.1 |
|
9/27/2021 |
4.2 |
|
Amendment No. 1 to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan |
|
8-K |
|
10.1 |
|
6/12/2024 |
4.3 |
|
Amendment No. 2 to the Cingulate Inc. 2021 Omnibus Equity Incentive Plan |
|
8-K |
|
10.1 |
|
6/11/2025 |
5.1* |
|
Opinion of Lowenstein Sandler LLP |
|
|
|
|
|
|
23.1* |
|
Consent of KPMG LLP |
|
|
|
|
|
|
23.2* |
|
Consent of Lowenstein Sandler LLP (included in Exhibit 5.1) |
|
|
|
|
|
|
24.1* |
|
Power of Attorney (included on the signature page) |
|
|
|
|
|
|
107* |
|
Calculation of Filing Fee Table |
|
|
|
|
|
|
*Filed
herewith
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 Kansas City, State of Kansas on July 25, 2025.
|
CINGULATE
INC. |
|
|
|
|
By: |
/s/
Shane J. Schaffer |
|
|
Shane
J. Schaffer |
|
|
Chief
Executive Officer |
POWER
OF ATTORNEY AND SIGNATURES
KNOW
ALL PERSONS BY THESE PRESENTS, that the undersigned officers and directors of Cingulate Inc., a Delaware corporation, do hereby constitute
and appoint each of Shane J. Schaffer and Jennifer L. Callahan as his or her true and lawful attorney-in-fact and agent, with full power
of substitution and re-substitution, for him and in his name, place, and stead, in any and all capacities, to sign any and all amendments
to this registration statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same,
with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done
in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent, 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, as amended, this Registration Statement has been signed by the following persons on
behalf of the registrant in the capacities and on the dates indicated.
Person |
|
Capacity
|
|
Date |
|
|
|
|
|
/s/
Shane J. Schaffer |
|
Chief
Executive Officer and Chairman |
|
|
Shane
J. Schaffer |
|
(Principal
Executive Officer) |
|
July
25, 2025 |
|
|
|
|
|
/s/
Jennifer L. Callahan |
|
Chief
Financial Officer |
|
|
Jennifer
L. Callahan |
|
(Principal
Financial Officer and Principal Accounting Officer) |
|
July
25, 2025 |
|
|
|
|
|
/s/
Jeffrey S. Ervin |
|
|
|
|
Jeffrey
S. Ervin |
|
Director
|
|
July
25, 2025 |
|
|
|
|
|
/s/
Bryan Lawrence |
|
|
|
|
Bryan
Lawrence |
|
Director
|
|
July
25, 2025 |
|
|
|
|
|
/s/
John A. Roberts |
|
|
|
|
John
A. Roberts |
|
Director
|
|
July
25, 2025 |
|
|
|
|
|
/s/
Peter J. Werth |
|
|
|
|
Peter
J. Werth |
|
Director |
|
July
25, 2025 |