Table of Contents

As filed with the Securities and Exchange Commission on January 26, 2017June 11, 2020

Registration Statement No. 333-     333-235399

 

UNITED STATES


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

AMENDMENT NO. 1 TO
FORM S-3

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

 

CELLDEX THERAPEUTICS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

Delaware

13-3191702

Delaware

13-3191702
(State of Incorporation)

(I.R.S. Employer
Identification Number)

 

Perryville III Building, 53 Frontage Road, Suite 220


Hampton, New Jersey 08827


(908) 200-7500

(Address, including zip code and telephone number, including area code, of Registrant’sRegistrant's principal executive offices)

 

Avery W. Catlin

Sam Martin
Chief Financial Officer


CELLDEX THERAPEUTICS, INC.


Perryville III Building, 53 Frontage Road, Suite 220


Hampton, New Jersey 08827


(908) 200-7500

(Name, address, including zip code and telephone number, including area code, of agent for service)

 

Copies to:

 

Anthony O. Pergola, Esq.


Lowenstein Sandler LLP


1251 Avenue of the Americas


New York, New York 10020


(212) 262-6700

 

Approximate Datedate of Commencementcommencement of Proposed Saleproposed sale to the Public: public:
From time to time after this Registration Statementregistration statement becomes effective, as determined by the Registrant.
registrant.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. box:o¨

 

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, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. box:x

 

If this Form is usedfiled to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act Registration Statementregistration statement number of the earlier effective registration statement for the same offering.o¨

 

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 Statementregistration statement number of the earlier effective registration statement for the same offering.o¨

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.o¨

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.o¨

 

Indicate by check mark whether eachthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of “large"large accelerated filer,” “accelerated filer”" "accelerated filer", "smaller reporting company," and “smaller reporting company”"emerging growth company" in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer
filer:
o¨

Accelerated filer filer:¨Non-accelerated filer:x

Non-accelerated filer o
(Do not check if a smaller reporting
company)

Smaller reporting company
company:
ox

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.o

CALCULATION OF REGISTRATION FEE

 

 

 

 

 

 

 

 

 

 

Title of Each Class of Securities to be Registered

 

Amount to
be
Registered
(1)

 

Proposed
Maximum
Offering
Price Per
Share (2)

 

Proposed
Maximum
Aggregate
Offering Price
(2)

 

Amount of
Registration
Fee

 

Common stock, par value $.001 per share

 

18,369,107

 

$

3.32

 

$

60,985,435.24

 

$

7,069

 

Total:

 

18,369,107

 

$

3.32

 

$

60,985,435.24

 

$

7,069

 

(1)Represents 18,369,107 shares of common stock, par value $.001 per share, of outstanding stock to be offered and sold by the selling stockholders identified in this Registration Statement.  In accordance with  Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers such indeterminate number of additional shares as may become issuable in connection with the shares registered for sale hereby to prevent dilution in connection with stock splits, stock dividends, recapitalizations or similar events.

 

(2)Estimated solely for the purpose of computing the amount of the registration fee for the shares of common stock to be registered in accordance with Rule 457(c) under the Securities Act, based upon the average of the high and low prices for a share of the Registrant’s common stock as reported on The NASDAQ Global Market on January 24, 2017, which date is a date within five business days of the filing of this Registration Statement..

Title of Each Class of Securities
to be Registered
 Proposed Maximum
Aggregate Offering
Price(1)(2)(3)
 Amount of
Registration Fee(2)
Common Stock, par value $0.001 per share    
Preferred Stock    
Warrants    
Depositary Shares    
Units(4)    
Total: $150,000,000 $19,470(5)
(1)The amount to be registered and the proposed maximum aggregate offering price per security are not specified as to each class of securities to be registered pursuant to General Instruction II.D. of Form S-3 under the Securities Act of 1933, as amended (the "Securities Act"). The securities covered by this registration statement may be sold or otherwise distributed separately or together with any other securities covered by this registration statement.
(2)The registrant is hereby registering an indeterminate amount of each identified class of securities up to a proposed maximum aggregate offering price of $150,000,000, which may be offered from time to time in unspecified amounts at unspecified prices. The registrant has estimated the proposed maximum aggregate offering price solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act. Securities registered hereunder may be sold separately, together or as units with other securities registered hereunder. The securities registered hereunder include securities that may be purchased by underwriters to cover over-allotments, if any.
(3)Pursuant to Rule 416 under the Securities Act, this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or similar transaction. Includes consideration to be received by the registrant, if applicable, for registered securities that are issuable upon exercise, conversion or exchange of other registered securities.
(4)Consisting of some or all of the securities listed above, in any combination, including common stock, preferred stock, warrants and depositary shares.
(5)Pursuant to Rule 415(a)(6) under the Securities Act, the securities registered pursuant to the registration statement include $147,459,779.61 of unsold securities previously registered on the registrant's registration statement on Form S-3 filed on December 2, 2016 which was declared effective by the Securities and Exchange Commission on February 13, 2017 (File No. 333-214882) (as amended, the "Prior Registration Statement"). The Prior Registration Statement registered securities for a proposed maximum aggregate offering price of $250,000,000, of which $147,459,779.61 remain unsold. In connection with the filing of the Prior Registration Statement, the registrant paid a registration fee of $17,090.59 in respect of such unsold securities. In accordance with Question 212.24 of the Securities and Exchange Commission, Division of Corporation Finance's Compliance and Disclosure Interpretations regarding Securities Act Rules, the registrant is not required to pay any additional fee with respect to the $147,459,779.61 of unsold securities being included in this registration in reliance on Rule 415(a)(6), because such unsold securities (and associated fees) are being moved from the Prior Registration Statement to this registration statement. Accordingly, the registrant paid only the registration fee of $2,379.41 attributable to the $2,540,220.39 of new securities registered on this registration statement. Pursuant to Rule 415(a)(6) of the Securities Act, the $17,090.59 registration fee previously paid by the registrant relating to the unsold securities included on this registration statement will continue to be applied to such unsold securities.

 

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, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

Table of Contents

 



The information in this prospectus is not complete 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.

 

Subject to Completion, dated January 26, 2017June 11, 2020

 

PROSPECTUS

 

 


 

CELLDEX THERAPEUTICS, INC.

 

18,369,107 shares of$150,000,000
Common Stock
Preferred Stock
Warrants
Depositary Shares
Units

 

Common Stock

Celldex Therapeutics, Inc. may offer, issue and sell from time to time, together or separately, in one or more offerings, any combination of:

our common stock,
our preferred stock, which we may issue in one or more series,
warrants,
depositary shares, and
units,

up to a maximum aggregate offering price of $150,000,000.

 

This prospectus relatesprovides a general description of the securities we may offer. Each time we sell securities, we will provide specific terms of the securities offered in a supplement to this prospectus (which includes an at-the-market offering prospectus). The prospectus supplement may also add, update or change information contained in this prospectus. You should read this prospectus and the resale, from time to time,accompanying prospectus supplement, as well as the documents incorporated or deemed incorporated by the selling stockholders identifiedreference in this prospectus, under the caption “Selling Stockholders,” of up to 18,369,107 outstanding shares of our common stock, par value $0.001 per share held by such selling stockholders.  We are not selling any shares of our common stock under this prospectus and will not receive any proceeds from the sale of shares by the selling stockholders.

The selling stockholders may sell all or a portion of these shares from time to time, in amounts, at prices and on terms determined at the time of sale. The shares may be sold by any means described in the section of this prospectus entitled “Plan of Distribution” beginning on page 7 of this prospectus.

carefully before you make your investment decision. Our common stock tradesis traded on The NASDAQ Globalthe Nasdaq Capital Market under the symbol “CLDX.”  The"CLDX." On June 10, 2020, the last reported sale price of our common stock on January 24, 2017the Nasdaq Capital Market was $3.33$4.80 per share. You are urged to obtain current market quotations forof the common stock. Each prospectus supplement will indicate if the securities offered thereby will be listed on any securities exchange.

 

This prospectus may not be used to sell securities unless accompanied by a prospectus supplement.

We may offer to sell these securities on a continuous or delayed basis, through agents, dealers or underwriters, or directly to purchasers. The prospectus supplement for each offering of securities will describe in detail the plan of distribution for that offering. If our agents or any dealers or underwriters are involved in the sale of the securities, the applicable prospectus supplement will set forth the names of the agents, dealers or underwriters and any applicable commissions or discounts. Our net proceeds from the sale of securities will also be set forth in the applicable prospectus supplement. For general information about the distribution of securities offered, please see "Plan of Distribution" in this prospectus.

Investing in our securities involves risks. Before making an investment decisions, you should carefully review the information contained in this prospectus under the heading “Risk Factors”"Risk Factors" beginning on page 4 of this prospectus.

 

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION OR REGULATORY BODY 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.

 

The date of this prospectus is , 2017.2020.

 

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ABOUT THIS PROSPECTUS

 

This prospectus is a part of a registration statement that we filed with the Securities and Exchange Commission, or the SEC, utilizing a “shelf”"shelf" registration process. Using theUnder this shelf registration process, the selling stockholderswe may, from time to time, offersell any combination of the securities described in this prospectus in one or more offerings.

The registration statement containing this prospectus, including the exhibits to the registration statement, provides additional information about us and the securities offered under this prospectus. You should read the registration statement and the accompanying exhibits for further information. The registration statement, including the exhibits and the documents incorporated or deemed incorporated herein by reference, can be read and are available to the public over the Internet at the SEC's website athttp://www.sec.gov as described under the heading "Where You Can Find More Information."

This prospectus provides you with a general description of the securities we may offer. Each time we sell shares of our common stocksecurities pursuant to this prospectus, we will provide a prospectus supplement (which term includes, as applicable, the at-the-market offering prospectus filed with the registration statement of which this prospectus forms a part) containing specific information about the terms of a particular offering by us. That prospectus supplement may include a discussion of any risk factors or other special considerations that apply to those securities. The prospectus supplement may add, update or change information in this prospectus. If the information in the prospectus is inconsistent with a prospectus supplement, you should rely on the information in that prospectus supplement. You should read both this prospectus and, if applicable, any prospectus supplement. See "Where You Can Find More Information" for more information.

 

You should rely only on the information incorporated by reference or provided in this prospectus. Neither we norprospectus or any of the selling stockholdersprospectus supplement. We have not authorized any dealer, salesman or other person to give any information or to make any representation other than those contained or incorporated by reference in this prospectus or any prospectus supplement. You must not rely upon any information or representation not contained or incorporated by reference in this prospectus.prospectus or any prospectus supplement. This prospectus doesand any prospectus supplement do not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which they relate, nor do this prospectus and any prospectus supplement constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. You should not assume that the information contained in this prospectus or any prospectus supplement is accurate on any date subsequent to the date set forth on the front of such document or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus and any prospectus supplement is delivered or securities are sold on a later date.

 

Unless this prospectus indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Celldex”"we," "our," "us," "Celldex" or the “Company”"Company" as used in this prospectus refer to Celldex Therapeutics, Inc. and its subsidiaries.subsidiaries, except that such terms refer to only Celldex Therapeutics, Inc. and not its subsidiaries in the sections entitled "Description of Common Stock," "Description of Preferred Stock," "Description of Warrants," "Description of Depositary Shares," and "Description of Units."

 

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PROSPECTUS SUMMARY

 

This summary description about us and our business highlights selected information contained elsewhere in this prospectus or incorporated by reference into this prospectus. It does not contain all the information you should consider before investing in our securities. Important information is incorporated by reference into this prospectus. To understand this offering fully, you should read carefully the entire prospectus, including “Risk Factors”, together with the additional information described under “Incorporation of Certain Information By Reference”.

We are a biopharmaceutical company focused on the development and commercialization of several immunotherapy technologies for the treatment of cancerimmunotherapies and other difficult-to-treat diseases.targeted biologics. Our drug candidates are derived from a broad set of complementary technologieshuman and bispecific antibodies which have the ability to utilizeengage the human immune system and enable the creation of therapeutic agents. We are using these technologies to develop targeted immunotherapeutics comprised of protein-based molecules such as vaccines, antibodies and antibody-drug conjugates that are usedand/or directly inhibit tumors to treat specific types of cancer or other diseases.

Our latest stage drug candidate, glembatumumab vedotin (also referred to as CDX-011) is a targeted antibody-drug conjugate in a randomized, Phase 2b study for the treatment of triple negative breast cancer and a Phase 2 study for the treatment of metastatic melanoma. Varlilumab (also referred to as CDX-1127) is an immune modulating antibody that is designed to enhance a patient’s immune response against their cancer. We established proof of concept in a Phase 1 study with varlilumab, which has allowed several combination studies to begin in various indications. We also have a number of earlier stage drug candidates in clinical development, including CDX-1401, a targeted immunotherapeutic They are aimed at antigen presenting cells, or APCs, for cancer indications, CDX-301, an immune cell mobilizing agent and dendritic cell growth factor, and CDX-014, an antibody drug conjugate targeting TIM-1. Our drug candidates addressaddressing market opportunities for which we believe current therapies are inadequate or non-existent.  As discussed below,

We are focusing our efforts and resources on the continued research and development of:

CDX-0159, a monoclonal antibody that specifically binds the KIT receptor and potently inhibits its activity, which recently completed a Phase 1a study in healthy volunteers where it demonstrated a favorable safety profile as well as profound and durable reductions of plasma tryptase, consistent with systemic mast cell suppression. We plan to study CDX-0159 in mast cell driven diseases, including, initially, chronic spontaneous urticaria (CSU) and chronic inducible urticarias (CINDUs);

CDX-1140, an agonist monoclonal antibody targeted to CD40, a key activator of immune response, currently being studied as a single-agent and in combination with CDX-301, a dendritic cell growth factor. Dose escalation was recently completed in a Phase 1 study in solid tumors and lymphoma and the recommended dose for further study was determined to be 1.5 mg/kg, one of the highest systemic dose levels in the CD40 agonist class, for both CDX-1140 monotherapy and in combination with CDX-301. Celldex has initiated multiple expansion cohorts within the study, including a combination cohort with KEYTRUDA® (pembrolizumab). The Company is exploring additional combination cohorts with mechanisms that we believe could be complementary or synergistic with CDX-1140;

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CDX-3379, a monoclonal antibody designed to block the activity of ErbB3 (HER3), currently in an early Phase 2 study in advanced head and neck squamous cell cancer in combination with Erbitux®;and

CDX-527, a bispecific antibody that uses our proprietary highly active anti-PD-L1 and CD27 human antibodies to couple CD27 co-stimulation with blockade of the PD-L1/PD-1 pathway, for which we recently acquired Kolltan Pharmaceuticals, Inc. thereby expandingare planning a Phase 1 study in advanced solid tumors.

We routinely work with external parties to collaboratively advance our pipeline ofdrug candidates. In addition to Celldex-led studies, we also have an Investigator Initiated Research (IIR) program with multiple studies ongoing with our drug candidates.

 

We are buildingOur goal is to build a fully integrated, commercial-stage biopharmaceutical company that develops important therapies for patients with unmet medical needs. OurWe believe our program assets provide us with the strategic options to either retain full economic rights to our innovative therapies or seek favorable economic terms through advantageous commercial partnerships. This approach allows us to maximize the overall value of our technology and product portfolio while best ensuring the expeditious development of each individual product.

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Description of the Merger Transaction

On November 29, 2016, we consummated the transactions contemplated Currently, all programs are fully owned by the Agreement and Plan of Merger dated as of November 1, 2016 by and among Celldex, Kolltan Pharmaceuticals, Inc., a Delaware corporation, Connemara Merger Sub 1 Inc. a Delaware corporation and a wholly-owned subsidiary of Celldex and Connemara Merger Sub 2 LLC., a Delaware limited liability company and a wholly-owned subsidiary of Celldex. Upon consummation of the transactions, Kolltan became a wholly-owned subsidiary of Celldex.

  

Prior to the merger, Kolltan was a privately-held clinical-stage company focused on the discovery and development of novel, antibody-based drug candidates targeting reception tyrosine kinases, or RTKs. Kolltan’s programs include: (i) KTN0158, a humanized monoclonal antibody that is a potent inhibitor of KIT activation and receptor dimerization in tumor cells and mast cells, which is currently in a Phase 1 dose escalation study in refractory gastrointestinal stromal tumors (GIST); (ii) KTN3379, a human monoclonal antibody designed to block the activity of ErbB3 (HER3), which recently completed a Phase 1b study with combination cohorts where meaningful responses and stable disease were observed in cetuximab (Erbitux®) refractory patients in head and neck squamous cell carcinoma and in BRAF-mutant non-small cell lung cancer (NSCLC); and (iii) a multi-faceted TAM program, a broad antibody discovery effort underway to generate antibodies that modulate the TAM family of RTKs, comprised of Tyro3, AXL and MerTK, which are expressed on tumor-infiltrating macrophages, dendritic cells and some tumors. Research supports TAMs having broad application and potential across immuno-oncology and inflammatory diseases.

Under the terms of the Merger Agreement, upon consummation of the transactions contemplated by the Merger Agreement, Kolltan’s investors received, in exchange for their share and debt interests in Kolltan, an aggregate of 18,257,996 shares of Celldex’s common stock with a calculated value of $62.5 million, based on the average closing price of Celldex’s stock for the five trading day period ending on October 28, 2016, the third calendar day prior to the date of the Merger Agreement, as adjusted downward pursuant to the terms of the Merger Agreement. The Merger Agreement provides that the number of shares that can be issued at the closing can be increased or decreased by no more than 5% in either direction based on the comparable average closing prices over the five trading days prior to the closing date.  Therefore, because the average closing price of Celldex’s stock over the five trading days prior to the closing date was higher than the comparable average closing prices over the five trading days prior to the date of the Merger Agreement, there was a full 5% downward adjustment in the number of shares issued at closing.  In addition, following closing, certain officers of Kolltan will receive an aggregate of 437,901 shares of Celldex’s common stock in lieu of cash severance obligations owed to them by Kolltan.  In addition, in the event that certain specified preclinical and clinical development milestones related to Kolltan’s development programs and/or Celldex’s development programs and certain commercial milestones related to Kolltan’s product candidates are achieved, Celldex will be required to pay Kolltan’s stockholders milestone payments of up to $172.5 million, which milestone payments may be made, at Celldex’s sole election, in cash, in shares of Celldex’s common stock or a combination of both, subject to NASDAQ listing requirements and provisions of the Merger Agreement.  The number of shares of Celldex common stock issued in connection with a milestone payment, if any, will be determined based on the average closing price per share of Celldex common stock for the five trading day period ending three calendar days prior to the achievement of such milestone. Pursuant to applicable NASDAQ listing rules, we are required to obtain stockholder approval of such issuances of our common stock to the extent that such issuances exceed 19.9% of our common stock outstanding prior to the merger.  If we do not obtain stockholder approval of such common stock issuances, we may elect to pay the milestone consideration in cash to maintain compliance with applicable NASDAQ listing standards.  We may still decide to pay cash even if we obtain stockholder approval.

Furthermore, under the terms of the Merger Agreement, Celldex agreed to file with the Securities Exchange Commission, as promptly as practical following the closing date, but in any event not later than sixty (60) following the closing date, a registration statement covering the resale of the shares of Celldex common stock issued at closing.  The filing of this registration statement satisfies such obligation.  Celldex further agreed to use reasonable best efforts to cause such Registration Statement to be declared effective as soon as reasonably practicable after filing and to maintain the continuous effectiveness of such registration statement until the earlier of (A) the date all such registration shares have been sold pursuant to such registration statement, or (B) such time as all such registration shares may be sold under Rule 144 of the Securities Act. Celldex also agreed, if any shares are issued as part of a milestone payment to file registration statements covering the resale of such shares of Celldex common

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stock, if any, as promptly as practical, but in any event not later than forty-five (45) days following issuance of any such milestone shares.  Celldex agreed to pay all expenses associated with the preparation and filing of such registration statements and any amendments or supplements thereto, and any actions or filings necessary to maintain the effectiveness of such registration statements.

Corporate Information

 

We are a Delaware corporation organized in 1983. Our principal executive offices are located at Perryville III Building, 53 Frontage Road, Suite 220, Hampton, New Jersey 08827 and our telephone number is (908) 200-7500. Our corporate website is www.celldex.com. The information on our website is not incorporated by reference into this prospectus.

 

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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This prospectus, including the documents that we incorporate by reference, contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “management"anticipate," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "management believes,” “we" "we believe,” “we intend”" "we intend" and similar words or phrases. Accordingly, these statements involve estimates, assumptions and uncertainties, which could cause actual results to differ materially from those expressed in them. Any forward-looking statements are qualified in their entirety by reference to the risk factors discussed in this prospectus or discussed in documents incorporated by reference in this prospectus.

 

Forward-looking statements are subject to known and unknown risks and uncertainties, which change over time, and are based on management’smanagement's expectations and assumptions at the time the statements are made, and are not guarantees of future results. Our actual results may differ materially from those expressed or anticipated in the forward-looking statements for many reasons including the factors described in the section entitled “Risk Factors”"Risk Factors" in this prospectus and in any risk factors described in a supplement to this prospectus or in other filings.

 

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this prospectus or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks we describe in the reports we file from time to time with the SEC after the date of this prospectus. We undertake no obligation to revise or update the forward-looking statements contained in this prospectus at any time. All forward-looking statements are qualified in their entirety by this cautionary statement.

 

RISK FACTORS

 

Investing in our securities involves significant risks. Before making an investment decision, you should carefully consider the risks and other information we include or incorporate by reference in this prospectus.prospectus and any prospectus supplement. In particular, you should consider the risk factors under the heading “Risk Factors”"Risk Factors" included in our most recent Annual Report on Form 10-K, or 10-K/A, as applicable, as may be revised or supplemented by our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, each of which are on file with the SEC and are incorporated herein by reference, and which may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. The risks and uncertainties we have described are not the only ones facing our company. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also affect our business operations. Additional risk factors may be included in a prospectus supplement relating to a particular offering of securities. Our business, financial condition or results of operations could be materially adversely affected by any of these risks. The trading price of our securities could decline due to any of these risks, and you may lose all or part of your investment. This prospectus is qualified in its entirety by these risk factors.

 

USE OF PROCEEDS

 

AllUnless otherwise provided in the applicable prospectus supplement to this prospectus used to offer specific securities, we expect to use the net proceeds from any offering of securities by us for general corporate purposes, which may include acquisitions, capital expenditures, investments, payment of milestone payments, and the resalerepayment, redemption or refinancing of all or a portion of any indebtedness or other securities outstanding at a particular time, to fund our operations until we receive FDA approval of our products and are able to commercialize our products and to make

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substantial investments to establish sales, marketing, quality control, and regulatory compliance capabilities in anticipation of FDA approval of our products. Pending the application of the net proceeds, we expect to invest the net proceeds in short-term, interest-bearing instruments with a maturity of three months or less at the date of purchase and consist primarily of investments in money market mutual funds with commercial banks and financial institutions or other investment-grade securities. Such investments may include depositing such net proceeds into, and maintaining cash balances with, financial institutions in excess of insured limits.

DESCRIPTIONS OF SECURITIES WE MAY OFFER

This prospectus contains summary descriptions of the common stock, preferred stock, warrants, depositary shares and units that we may offer and sell from time to time. The preferred stock may also be exchangeable for and/or convertible into shares of common stock or another series of preferred stock. When one or more of these securities are offered in the future, a prospectus supplement will explain the particular terms of the securities and the extent to which these general provisions may apply. These summary descriptions and any summary descriptions in the applicable prospectus supplement do not purport to be complete descriptions of the terms and conditions of each security and are qualified in their entirety by reference to our third restated certificate of incorporation, as amended, our by-laws and by applicable Delaware law and any other documents referenced in such summary descriptions and from which such summary descriptions are derived. If any particular terms of a security described in the applicable prospectus supplement differ from any of the terms described herein, then the terms described herein will be deemed superseded by the terms set forth in that prospectus supplement.

We may issue securities in book-entry form through one or more depositaries, such as The Depository Trust Company, Euroclear or Clearstream, named in the applicable prospectus supplement. Each sale of a security in book-entry form will settle in immediately available funds through the applicable depositary, unless otherwise stated. We will issue the securities only in registered form, without coupons, although we may issue the securities in bearer form if so specified in the applicable prospectus supplement. If any securities are to be listed or quoted on a securities exchange or quotation system, the applicable prospectus supplement will say so.

DESCRIPTION OF COMMON STOCK

As of June 10, 2020 we are authorized to issue up to 297,000,000 shares of common stock, $0.001 par value per share. As of June 10, 2020, approximately 20,675,269 shares of common stock were outstanding. All outstanding shares of our common stock offered by this prospectus will belongare fully paid and non-assessable. Our common stock is listed on the Nasdaq Capital Market under the symbol "CLDX".

Dividends

The Board of Directors may, out of funds legally available, at any regular or special meeting, declare dividends to the selling stockholders identified in this prospectus under “Selling Stockholders.” We will not receive any proceeds from the sale or other disposition by the selling stockholdersholders of the shares of our common stock covered by this prospectus.as and when they deem expedient, subject to the rights of holders of the preferred stock, if any.

Voting

Each share of common stock entitles the holders to one vote per share on all matters requiring a vote of the stockholders, including the election of directors. No holders of shares of common stock shall have the right to vote such shares cumulatively in any election for the board of directors.

 

SELLING STOCKHOLDERS

5

 

This prospectus covers an aggregateRights Upon Liquidation

In the event of 18,369,107our voluntary or involuntary liquidation, dissolution, or winding up, the holders of our common stock will be entitled to share equally in our assets available for distribution after payment in full of all debts and after the holders of preferred stock, if any, have received their liquidation preferences in full.

Miscellaneous

No holders of shares of our common stock thatshall have any preemptive rights to subscribe for, purchase or receive any shares of any class, whether now or hereafter authorized, or any options or warrants to purchase any such shares, or any securities convertible into or exchanged for any such shares, which may at any time be issued, sold or otherwise disposedoffered for sale by Celldex.

Anti-Takeover Provisions

Certain provisions in our third restated certificate of incorporation, as amended, and applicable Delaware corporate, as well as our shareholder rights agreement, may have the effect of discouraging a change of control of Celldex, even if such a transaction is favored by the sellingsome of our stockholders and their transferees.  Such shares were issuedcould result in stockholders receiving a substantial premium over the current market price of our shares. The primary purpose of these provisions is to the sellingencourage negotiations with our management by persons interested in acquiring control of our corporation. These provisions may also tend to perpetuate present management and make it difficult for stockholders in the transactions described under the caption “Descriptionowning less than a majority of the Merger Transaction” above.shares to be able to elect even a single director.

 

4Computershare Trust Company, N.A. is presently the transfer agent and registrar for our common stock.



 

DESCRIPTION OF PREFERRED STOCK

At June 10, 2020, the Company had authorized preferred stock comprised of 3,000,000 shares of Class C Preferred Stock of which 350,000 shares has been designated as Class C-1 Junior Participating Cumulative Preferred Stock, the terms of which are to be determined by our Board of Directors. As of June 10, 2020, there was no preferred stock outstanding.

Class C Preferred Stock

This section describes the general terms and provisions of our Class C Preferred Stock. The following table sets forth certain information with respectapplicable prospectus supplement will describe the specific terms of the shares of preferred stock offered through that prospectus supplement, as well as any general terms described in this section that will not apply to each selling stockholder, including (i)those shares of preferred stock.

Our board of directors has been authorized to provide for the issuance of the 2,650,000 unissued and undesignated shares of our Class C Preferred Stock In general, our third restated certificate of incorporation, as amended, authorizes our board of directors to issue new shares of our common stock beneficially ownedor preferred stock without further stockholder action, provided that there are sufficient authorized shares.

With respect to each series of our Class C Preferred Stock, our board of directors has the authority to fix the following terms:

the designation of the series;
the number of shares within the series;

6

whether dividends are cumulative and, if cumulative, the dates from which dividends are cumulative;
the rate of any dividends, any conditions upon which dividends are payable, and the dates of payment of dividends;
whether interests in the shares of preferred stock will be represented by depositary shares as more fully described below under "Description of Depositary Shares";
whether the shares are redeemable, the redemption price and the terms of redemption;
the amount payable to you for each share you own if we dissolve or liquidate;
whether the shares are convertible or exchangeable, the price or rate of conversion or exchange, and the applicable terms and conditions;
any restrictions on issuance of shares in the same series or any other series;
voting rights applicable to the series of preferred stock; and
any other rights, priorities, preferences, restrictions or limitations of such series.

The rights with respect to any shares of our Class C Preferred Stock will be subordinate to the rights of our general creditors. Shares of our Class C Preferred Stock that we issue in accordance with their terms will be fully paid and nonassessable, and will not be entitled to preemptive rights unless specified in the applicable prospectus supplement.

Our ability to issue preferred stock, or rights to purchase such shares, could discourage an unsolicited acquisition proposal. For example, we could impede a business combination by issuing a series of preferred stock containing class voting rights that would enable the sellingholders of such preferred stock to block a business combination transaction. Alternatively, we could facilitate a business combination transaction by issuing a series of preferred stock having sufficient voting rights to provide a required percentage vote of the stockholders. Additionally, under certain circumstances, our issuance of preferred stock could adversely affect the voting power of the holders of our common stock. Although our board of directors is required to make any determination to issue any preferred stock based on its judgment as to the best interests of our stockholders, our board of directors could act in a manner that would discourage an acquisition attempt or other transaction that some, or a majority, of our stockholders might believe to be in their best interests or in which stockholders might receive a premium for their stock over prevailing market prices of such stock. Our board of directors does not at present intend to seek stockholder approval prior to this offering, (ii)any issuance of currently authorized stock, unless otherwise required by law or applicable stock exchange requirements.

Terms of the Preferred Stock That We May Offer and Sell to You

We summarize below some of the provisions that will apply to the preferred stock that we may offer to you unless the applicable prospectus supplement provides otherwise. This summary may not contain all information that is important to you. You should read the prospectus supplement, which will contain additional information and which may update or change some of the information below. Prior to the issuance of a new series of preferred stock, we will further amend our third restated certificate of incorporation, as amended, designating the stock of that series and the terms of that series. We will file a copy of the certificate of designation that contains the terms of each new series of preferred stock with the SEC each time we issue a new series of preferred stock. Each certificate of designation will establish the number of shares being offered byincluded in a designated series and fix the selling stockholder pursuant to this prospectusdesignation, powers, privileges, preferences and (iii) the selling stockholder’s beneficial ownership after completion of this offering, assuming that allrights of the shares covered hereby are sold.of each series as well as any applicable qualifications, limitations or restrictions. You should refer to the applicable certificate of designation as well as our

 

The table is based on information available

7

third restated certificate of incorporation, as amended, before deciding to us as of January 24, 2017, with beneficial ownership and percentage ownership determined in accordance with the rules and regulations of the SEC and include voting or investment power with respect tobuy shares of stock.  This information does not necessarily indicate beneficial ownership for any other purpose.  In computingour preferred stock as described in the applicable prospectus supplement.

Our board of directors has the authority, without further action by the stockholders, to issue preferred stock in one or more series and to fix the number of shares, beneficially owned by a persondividend rights, conversion rights, voting rights, redemption rights, liquidation preferences, sinking funds, and any other rights, preferences, privileges and restrictions applicable to each such series of preferred stock.

The issuance of any preferred stock could adversely affect the percentage ownershiprights of that person, sharesthe holders of common stock subjectand, therefore, reduce the value of the common stock. The ability of our board of directors to any optionsissue preferred stock could discourage, delay or prevent a takeover or other convertible securities held by that person that are convertible or exercisable as of January 24, 2017, or convertible or exercisable within 60 days of January 24, 2017, are deemed outstanding.  Such shares, however, are not deemed outstanding for the purposes of computing the percentage ownership of any other person.  The percentage of beneficial ownership before and after this offering is based on 122,278,437 shares outstanding on January 24, 2017.corporate action.

 

The registrationterms of these sharesany particular series of commonpreferred stock does not mean that the selling stockholders will sell or otherwise dispose of all or any of those securities.  The selling stockholders may sell or otherwise dispose of all, a portion or none of such shares from time to time. We do not know the number of shares, if any, that will be offereddescribed in the prospectus supplement relating to that particular series of preferred stock, including, where applicable:

the designation, stated value and liquidation preference of such preferred stock;
the number of shares within the series;
the offering price;
the dividend rate or rates (or method of calculation), the date or dates from which dividends shall accrue, and whether such dividends shall be cumulative or noncumulative and, if cumulative, the dates from which dividends shall commence to cumulate;
whether interests in the shares of preferred stock will be represented by depositary shares as more fully described below under "Description of Depositary Shares");
any redemption or sinking fund provisions;
the amount that shares of such series shall be entitled to receive in the event of our liquidation, dissolution or winding-up;
the terms and conditions, if any, on which shares of such series shall be convertible or exchangeable for shares of our stock of any other class or classes, or other series of the same class;
the voting rights, if any, of shares of such series; the status as to reissuance or sale of shares of such series redeemed, purchased or otherwise reacquired, or surrendered to us on conversion or exchange;
the conditions and restrictions, if any, on the payment of dividends or on the making of other distributions on, or the purchase, redemption or other acquisition by us or any subsidiary, of the common stock or of any other class of our shares ranking junior to the shares of such series as to dividends or upon liquidation;
the conditions and restrictions, if any, on the creation of indebtedness by us or other disposition by any subsidiary, or on the issuance of any additional stock ranking on a parity with or prior to the shares of such series as to dividends or upon liquidation; and
any additional dividend, liquidation, redemption, sinking or retirement fund and other rights, preferences, privileges, limitations and restrictions of such preferred stock.

The description of the selling stockholders under this prospectus. Furthermore,terms of a particular series of preferred stock in the selling stockholders may have sold, transferred or disposedapplicable prospectus supplement will not be complete. You should refer to the applicable amendment to our third restated certificate of the sharesincorporation, as amended, for complete information regarding a series of common stock covered hereby in transactions exempt from the registration requirements of the Securities Act since the date on which the Company filed this prospectus.

 

 

Beneficial Ownership
Before the Offering

 

Shares Being
Offered

 

Beneficial Ownership
After the Offering

 

Name of Selling Stockholder

 

Number

 

Percent

 

Number

 

Number

 

Percent

 

 

 

 

 

 

 

 

 

 

 

 

 

Fidelity Select Portfolios: Biotechnology Portfolio(1)

 

7,625,866

 

6.24

%

2,693,710

 

4,932,156

 

4.03

%

Fidelity Advisor Series VII: Fidelity Advisor Biotechnology Fund(1)

 

1,295,036

 

1.06

%

407,715

 

887,321

 

*

 

Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund(1)

 

1,534,526

 

1.25

%

428,384

 

1,106,142

 

*

 

Fidelity Mt. Vernon Trust: Fidelity Growth Company Fund(1)

 

5,526,512

 

4.52

%

2,010,393

 

3,516,119

 

2.88

%

Fidelity Growth Company Commingled Pool(1)

 

1,861,312

 

1.52

%

92,999

 

1,768,313

 

1.45

%

Elm Street Ventures, LP(2)

 

126,588

 

*

 

126,588

 

 

*

 

Franklin M. Berger

 

632,944

 

*

 

632,944

 

 

*

 

Mark L. Hart III

 

126,588

 

*

 

126,588

 

 

*

 

David Madden

 

50,635

 

*

 

50,635

 

 

*

 

Waenard L. Miller, MD

 

37,977

 

*

 

37,977

 

 

*

 

Frederick C. Goggans Family Partnership(3)

 

25,318

 

*

 

25,318

 

 

*

 

Susan Kingsolver

 

12,659

 

*

 

12,659

 

 

*

 

Thomas H. Glocer(4)

 

14,982

 

*

 

14,982

 

 

*

 

Daniel M. Neidich

 

126,589

 

*

 

126,589

 

 

*

 

The Daniel M. Neidich 2012 Family Trust

 

126,589

 

*

 

126,589

 

 

*

 

David J. Shorma

 

25,318

 

*

 

25,318

 

 

*

 

Wagner Family Partnership VI

 

126,588

 

*

 

126,588

 

 

*

 

Joseph C. Tortorici

 

7,491

 

*

 

7,491

 

 

*

 

Jean-Pierre and Rachel Lehmann

 

379,766

 

*

 

379,766

 

 

*

 

VAE, LLC(5)

 

7,491

 

*

 

7,491

 

 

*

 

KLP Enterprises, LLC(6)

 

6,865,006

 

5.61

%

6,865,006

 

 

*

 

C.T. Koll, LLC

 

940,601

 

*

 

940,601

 

 

*

 

HBM BioCapital Ltd.(7)

 

632,944

 

*

 

632,944

 

 

*

 

ADC Products Switzerland Sarl

 

337,097

 

*

 

337,097

 

 

*

 

Rory Riggs

 

31,648

 

*

 

31,648

 

 

*

 

The Berggruen Trust u/t/a December 22, 2000

 

25,318

 

*

 

25,318

 

 

*

 

Deerfield Special Situations Fund, L.P.(8)

 

632,944

 

*

 

632,944

 

 

*

 

Madden 2002 Trust

 

50,635

 

*

 

50,635

 

 

*

 

Osage University Partners I, L.P.(9)

 

253,178

 

*

 

253,178

 

 

*

 

Leerink Swann Co-Investment Fund, LLC(10)

 

129,120

 

*

 

129,120

 

 

*

 

Leerink Holdings LLC(11)

 

126,589

 

*

 

126,589

 

 

*

 

New Emerging Medical Opportunities Fund II LP

 

253,178

 

*

 

253,178

 

 

*

 

Beacon Company(12)

 

259,507

 

*

 

259,507

 

 

*

 

Rosebay Medical Company L.P.(13)

 

259,507

 

*

 

259,507

 

 

*

 

Arthur Altshul

 

111,111

 

*

 

111,111

 

 

*

 

5




(1)         These accounts are managed by direct or indirect subsidiaries of FMR LLC.  Abigail P. Johnson is a Director, the Vice Chairman, the Chief Executive Officer and the President of FMR LLC.  Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders’ voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders’ voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.  Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act (“Fidelity Funds”) advised by Fidelity Management & Research Company (“FMR Co”), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds’ Boards of Trustees. Fidelity Management & Research Company carries out the voting of the shares under written guidelines established by the Fidelity Funds’ Boards of Trustees.

(2)   Elm Street Venture Associates, LLC is the general partner of Elm Street Ventures, LP.  Robert A. Bettigole is the managing partner of Elm Street Venture Associates, LLC and has voting and investment power over the securities held by Elm Street Ventures, LP.

(3)   Frederick C. Goggans is the managing partner of Frederick C. Goggans Family Partnership.

(4)   Thomas H. Glocer is a FINRA member.

(5)   Thomas M. Vertin is the President of VAE, LLC.

(6)   Andrew D. Wingate is the manager of KLP Enterprises, LLC and has the power to vote or dispose of the securities held by KLP Enterprises, LLC.  Each of KLP Enterprises, LLC and Andrew D. Wingate are deemed to beneficially own the securities held by KLP Enterprises, LLC.

(7)   HBM BioCapital Ltd. is the general partner of HBM BioCapital (EUR) L.P. and HBM BioCapital (USD) L.P.

(8)   Deerfield Mgmt, L.P. is the general partner of Deerfield Special Situations Fund, L.P.  Deerfield Management   Company, L.P. is the investment manager of Deerfield Special Situations Fund, L.P.  Mr. James E. Flynn is the sole member of the general partner of each of Deerfield Mgmt, L.P. and Deerfield Management Company, L.P.  Deerfield Mgmt, L.P., Deerfield Management Company, L.P. and James E. Flynn may be deemed to beneficially own the securities held by Deerfield Special Situations Fund, L.P.

(9)   Osage University GP, LP is the general partner of Osage University Partners I, L.P.  Osage Partners, LLC is the general partner of Osage University GP, LP.  William Harrington, Marc Singer and Robert Adelson are the members of Osage Partners, LLC and have shared voting and investment power over the securities held by Osage University Partners I, L.P.

(10) Leerink Swann Co-Investment Fund, LLC is a FINRA member and an affiliate of Leerink Partners LLC, a registered broker-dealer.  Leerink Partners LLC served as a joint book-running manager for underwritten public offerings completed by the Company in 2015 and 2013.

(11) Leerink Holdings LLC is a FINRA member and is the parent company of Leerink Partners LLC, a registered broker-dealer.  Leerink Partners LLC served as a joint book-running manager for underwritten public offerings completed by the Company in 2015 and 2013.

(12) The board of directors of Stanhope Gate Corp., the managing general partner of Beacon Company has the power to vote or dispose of the securities held by Beacon Company.  The board members are Joerg Fischer, Jonathan G. White and Philip J. Le Cornu.

(13) The board of directors of Rosebay Medical Company, Inc., the general partner of Rosebay Medical Company L.P. has the power to vote or dispose of the securities held by Rosebay Medical Company L.P.  The board members are Richard S. Sackler, M.D. and Jonathan D. Sackler.

6



PLAN OF DISTRIBUTIONpreferred stock.

 

The selling stockholders, which as used herein includes anypreferred stock will, when issued against payment of their respective pledgees, donees, transferees, assigneesthe consideration payable therefor, be fully paid and or other successors-in-interest, may, from timenonassessable. Unless otherwise specified in the applicable prospectus supplement, each

8

series of preferred stock will, upon issuance, rank senior to time, sell any or all of their shares ofthe common stock covered herebyand on a parity in all respects with each other outstanding series of preferred stock. The NASDAQ Global Market or any other stock exchange, market or trading facility on which the securities are traded or in private transactions.  These sales may be at fixed or negotiated prices.  A selling stockholder may use any one or morerights of the following methods when selling securities:holders of our preferred stock will be subordinate to that of our general creditors.

 

·                                          ordinary brokerage transactions and transactions in which the broker dealer solicits purchasers;DESCRIPTION OF WARRANTS

 

·                                          block trades in which the broker dealer will attempt to sell the securities as agent but may position and resell a portionWe summarize below some of the block as principalprovisions that will apply to facilitate the transaction;

·                                          purchases by a broker dealer as principal and resale bywarrants unless the broker dealer for its account;

·                                          an exchange distribution in accordance with the rulesapplicable prospectus supplement provides otherwise. This summary may not contain all information that is important to you. The complete terms of the warrants will be contained in the applicable exchange;

·                                          privately negotiated transactions;

·                                          settlement of short sales entered into after the effective date ofwarrant certificate and warrant agreement. These documents have been or will be included or incorporated by reference as exhibits to the registration statement of which this prospectus is a part;part. You should read the warrant certificate and the warrant agreement. You should also read the prospectus supplement, which will contain additional information and which may update or change some of the information below.

 

·                                          in transactions through broker dealers that agree with the selling stockholders to sell a specified number of such securities at a stipulated price per security;

General

 

·                                          through the writingWe may issue, together with other securities or settlement of optionsseparately, warrants to purchase common stock, preferred stock or other hedging transactions, whether through an options exchange or otherwise;

·                                          one or more underwritten offerings on a firm commitment or best efforts basis;

·                                          a combination of any such methods of sale; or

·                                          any other method permitted pursuant to applicable law.

The selling stockholderssecurities. We may also sell securitiesissue the warrants under Rule 144 under the Securities Act, if available, rather than under this prospectus.

Broker dealers engaged by the selling stockholders may arrange for other brokers dealers to participate in sales.  Broker dealers may receive commissions or discounts from the selling stockholders (or, if any broker dealer acts as agent for the purchaser of securities, from the purchaser) in amountswarrant agreements to be negotiated, but, exceptentered into between us and a bank or trust company, as warrant agent, all as set forth in a supplement to this Prospectus,the applicable prospectus supplement. The warrant agent would act solely as our agent in the case of an agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in compliance with FINRA IM-2440.

In connection with the salewarrants of the series being offered and would not assume any obligation or relationship of agency or trust for or with any holders or beneficial owners of warrants.

The applicable prospectus supplement will describe the following terms, where applicable, of warrants in respect of which this prospectus is being delivered:

the title of the warrants;
the designation, amount and terms of the securities for which the warrants are exercisable and the procedures and conditions relating to the exercise of such warrants;
the designation and terms of the other securities, if any, with which the warrants are to be issued and the number of warrants issued with each such security;
the price or prices at which the warrants will be issued;
the aggregate number of warrants;
any provisions for adjustment of the number or amount of securities receivable upon exercise of the warrants or the exercise price of the warrants;
the price or prices at which the securities purchasable upon exercise of the warrants may be purchased;
if applicable, the date on and after which the warrants and the securities purchasable upon exercise of the warrants will be separately transferable;
if applicable, a discussion of the material U.S. federal income tax considerations applicable to the warrants;
any other terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants;
the date on which the right to exercise the warrants shall commence and the date on which the right shall expire;

9

if applicable, the maximum or minimum number of warrants which may be exercised at any time;
the identity of the warrant agent;
any mandatory or optional redemption provision;
whether the warrants are to be issued in registered or bearer form;
whether the warrants are extendible and the period or periods of such extendibility;
information with respect to book-entry procedures, if any; and
any other terms of the warrants.

Before exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including the right to receive dividends, if any, or interests therein,payments upon our liquidation, dissolution or winding-up or to exercise voting rights, if any.

Exercise of Warrants

Each warrant will entitle the selling stockholders may enter into hedging transactions with broker-dealersholder thereof to purchase such number of shares of common stock or preferred stock or other financial institutions,securities at the exercise price as will in each case be set forth in, or be determinable as set forth in, the applicable prospectus supplement. Warrants may be exercised at any time up to the close of business on the expiration date set forth in the applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void. Warrants may be exercised as set forth in the applicable prospectus supplement relating to the warrants offered thereby. Upon receipt of payment and the warrant certificate properly completed and duly executed at the corporate trust office of the warrant agent or any other office indicated in the applicable prospectus supplement, we will, as soon as practicable, forward the purchased securities. If less than all of the warrants represented by the warrant certificate are exercised, a new warrant certificate will be issued for the remaining warrants.

Enforceability of Rights of Holders of Warrants

Each warrant agent will act solely as our agent under the applicable warrant agreement and will not assume any obligation or relationship of agency or trust with any holder of any warrant. A single bank or trust company may act as warrant agent for more than one issue of warrants. A warrant agent will have no duty or responsibility in case of any default by us under the applicable warrant agreement or warrant, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a warrant may, without the consent of the related warrant agent or the holder of any other warrant, enforce by appropriate legal action its right to exercise, and receive the securities purchasable upon exercise of, that holder's warrant(s).

Modification of the Warrant Agreement

The warrant agreement will permit us and the warrant agent, without the consent of the warrant holders, to supplement or amend the agreement in the following circumstances:

to cure any ambiguity;
to correct or supplement any provision which may be defective or inconsistent with any other provisions; or
to add new provisions regarding matters or questions that we and the warrant agent may deem necessary or desirable and which do not adversely affect the interests of the warrant holders.

10

DESCRIPTION OF DEPOSITARY SHARES

We summarize below some of the provisions that will apply to depositary shares unless the applicable prospectus supplement provides otherwise. This summary may not contain all information that is important to you. The complete terms of the depositary shares will be contained in the depositary agreement and depositary receipt applicable to any depositary shares. These documents have been or will be included or incorporated by reference as exhibits to the registration statement of which this prospectus is a part. You should read the depositary agreement and the depositary receipt. You should also read the prospectus supplement, which will contain additional information and which may in turn engage in short salesupdate or change some of the securitiesinformation below.

General

We may, at our option, elect to offer fractional or multiple shares of common stock or preferred stock, rather than single shares of common stock or preferred stock (to be set forth in the courseprospectus supplement relating to such depositary shares). In the event we elect to do so, depositary receipts evidencing depositary shares will be issued to the public.

The shares of hedgingcommon stock or any class or series of preferred stock represented by depositary shares will be deposited under a deposit agreement among us, a depositary selected by us, and the positions they assume.holders of the depositary receipts. The selling stockholdersdepositary will be a bank or trust company having its principal office in the United States and having a combined capital and surplus of at least $50,000,000. Subject to the terms of the deposit agreement, each owner of a depositary share will be entitled, in proportion to the applicable fraction of a share of common stock or preferred stock represented by such depositary share, to all the rights and preferences of the shares of common stock or preferred stock represented by the depositary share, including dividend, voting, redemption and liquidation rights.

The depositary shares will be evidenced by depositary receipts issued pursuant to the deposit agreement. Depositary receipts will be distributed to those persons purchasing the fractional shares of common stock or the related class or series of preferred shares in accordance with the terms of the offering described in the related prospectus supplement.

DESCRIPTION OF UNITS

We may also sell securities short and deliver these securities to close out their short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities.  The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or createissue units comprised of one or more derivativeof the other securities described in this prospectus in any combination. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. The unit agreement under which requirea unit is issued may provide that the deliverysecurities included in the unit may not be held or transferred separately, at any time or at any time before a specified date. The applicable prospectus supplement may describe:

the designation and terms of the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or transferred separately;
any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units;
the terms of the unit agreement governing the units;
United States federal income tax considerations relevant to the units; and
whether the units will be issued in fully registered global form.

This summary of certain general terms of units and any summary description of units in the applicable prospectus supplement do not purport to be complete and are qualified in their entirety by reference to all provisions of the applicable unit agreement and, if applicable, collateral arrangements

11

and depositary arrangements relating to such broker-dealerunits. The forms of the unit agreements and other documents relating to a particular issue of units will be filed with the SEC each time we issue units, and you should read those documents for provisions that may be important to you.

PLAN OF DISTRIBUTION

We may sell the securities covered hereby from time to time pursuant to underwritten public offerings, direct sales to the public, negotiated transactions, block trades or other financial institutiona combination of these methods. A distribution of the securities offered by this prospectus whichmay also be effected through the issuance of derivative securities, such broker-dealerincluding without limitation, warrants and subscriptions. We may sell the securities to or other financial institutionthrough underwriters or dealers, through agents, or directly to one or more purchasers. We may resell pursuantdistribute securities from time to this prospectus (as supplementedtime in one or amended to reflect such transaction).more transactions:

 

at a fixed price or prices, which may be changed;
at market prices prevailing at the time of sale;
at prices related to such prevailing market prices;
at varying prices determined at the time of sale; or
at negotiated prices.
A prospectus supplement or supplements will describe the terms of the offering of the securities, including:
the name or names of the underwriters, dealers or agents participating in the offering, if any;
the purchase price of the securities sold by us to any underwriter or dealer and the net proceeds we expect to receive from the offering;
any over-allotment options under which underwriters may purchase additional securities from us;
any agency fees or underwriting discounts or commissions and other items constituting agents' or underwriters' compensation;
any public offering price;
any discounts or concessions allowed or reallowed or paid to dealers; and
any securities exchange or market on which the securities may be listed.

The selling stockholders and any

Only underwriters broker-dealers or agents that participatenamed in the distributionprospectus supplement will be underwriters of the securities may be deemed to be “underwriters” withinoffered by the meaning of the Securities Act of 1933, and anyprospectus supplement.

 

7



discounts, concessions, commissions or fees received by them and any profit on the resale of the securities sold by them may be deemed to be underwriting discounts and commissions.

The Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities.  The Company has agreed to indemnify the selling stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.

Because selling stockholders may be deemed to be “underwriters” within the meaning of the Securities Act, they will be subject to the prospectus delivery requirements of the Securities Act including Rule 172 thereunder.  In addition, any securities covered by this prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus. The selling stockholders have advised us that there is no underwriter or coordinating broker acting in connection with the proposed sale of the resale securities by the selling stockholders.

We agreed to keep this prospectus effective until the earlier of (i) the date on which the securities may be resold by the selling stockholders without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for the Company to be in compliance with the current public information under Rule 144 under the Securities Act or any other rule of similar effect or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar effect.  The resale securities will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.

The selling stockholders and other persons participatingIf underwriters are used in the sale, they will acquire the securities for their own account and may resell the securities from time to time in one or distributionmore transactions at a fixed public offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities will be subject to the conditions set forth in the applicable provisionsunderwriting agreement. We may offer the securities to the public through underwriting syndicates represented by managing underwriters or by underwriters without a syndicate. Subject to certain conditions, the underwriters will be obligated to purchase all of the Securities Exchange Actsecurities offered by the prospectus supplement, other than securities covered by any over-allotment option. Any public offering price and any discounts or commissions or concessions allowed or reallowed or paid to dealers may change from time to time. We may use underwriters with whom we have a material relationship. We will describe in the prospectus supplement, naming the underwriter, the nature of 1934, as amended,any such relationship.

12

We may sell securities directly or through agents we designate from time to time. We will name any agent involved in the offering and sale of securities and we will describe any commissions and other compensation we will pay the agent in the prospectus supplement. Unless the prospectus supplement states otherwise, our agent will act on a best-efforts basis for the period of its appointment.

We may authorize agents or underwriters to solicit offers by certain types of institutional investors to purchase securities from us at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. We will describe the conditions to these contracts and the rulescommissions we must pay for solicitation of these contracts in the prospectus supplement.

We may provide agents and regulations thereunder,underwriters with indemnification against civil liabilities related to this offering, including Regulation M.  This regulationliabilities under the Securities Act, or contribution with respect to payments that the agents or underwriters may limitmake with respect to these liabilities. Agents and underwriters may engage in transactions with, or perform services for, us in the timingordinary course of purchasesbusiness.

All securities we may offer, other than common stock, will be new issues of securities with no established trading market. Any agents or underwriters may make a market in these securities, but will not be obligated to do so and salesmay discontinue any market making at any time without notice. We cannot guarantee the liquidity of the trading markets for any securities. There is currently no market for any of the offered securities, byother than our common stock which is listed on the selling stockholdersNasdaq Capital Market. We have no current plans for listing of the preferred stock, warrants or subscription rights on any securities exchange or quotation system; any such listing with respect to any particular preferred stock, warrants or subscription rights will be described in the applicable prospectus supplement or other offering materials, as the case may be.

Any underwriter may engage in overallotment, stabilizing transactions, short covering transactions and any other person.  The anti-manipulation rulespenalty bids in accordance with Regulation M under the Securities Exchange ActAct. Overallotment involves sales in excess of 1934 may applythe offering size, which create a short position. Stabilizing transactions permit bids to salespurchase the underlying security so long as the stabilizing bids do not exceed a specified maximum. Short covering transactions involve purchases of the securities in the open market and to the activities of the selling stockholders and their affiliates. Furthermore, Regulation M may restrict the ability of any person engaged inafter the distribution is completed to cover short positions. Penalty bids permit the underwriters to reclaim a selling concession from a dealer when the securities originally sold by the dealer are purchased in a stabilizing or covering transaction to cover short positions. Those activities may cause the price of the securities to be higher than it would otherwise be. If commenced, the underwriters may discontinue any of the activities at any time.

Any agents and underwriters who are qualified market makers on the Nasdaq Capital Market may engage in market-making activitiespassive market making transactions in the securities on the Nasdaq Capital Market in accordance with respectRegulation M, during the business day prior to the particular securities being distributed for a periodpricing of up to five business daysthe offering, before the distribution.  These restrictionscommencement of offers or sales of the securities. Passive market makers must comply with applicable volume and price limitations and must be identified as passive market makers. In general, a passive market maker must display its bid at a price not in excess of the highest independent bid for such security; if all independent bids are lowered below the passive market maker's bid, however, the passive market maker's bid must then be lowered when certain purchase limits are exceeded. Passive market making may affectstabilize the marketabilitymarket price of the securities at a level above that which might otherwise prevail in the open market and, the ability ofif commenced, may be discontinued at any person or entity to engage in market-making activities with respect to the securities.time.

 

LEGAL MATTERS

 

TheUnless otherwise indicated in the applicable prospectus supplement, the validity of the shares of common stocksecurities offered hereby will be passed upon for us by Lowenstein Sandler LLP, New York, New York. If the validity of the securities offered hereby in connection with offerings made pursuant to this prospectus

13

are passed upon by counsel for the underwriters, dealers or agents, if any, such counsel will be named in the prospectus supplement relating to such offering.

 

EXPERTS

 

The financial statements and management’s assessment of the effectiveness of internal control over financial reporting (which is included in Management’s Report on Internal Control over Financial Reporting) incorporated in this prospectusProspectus by reference to the Annual Report on Form 10-K/A10-K for the year ended December 31, 20152019 have been so incorporated in reliance on the report (which contains an explanatory paragraph relating to the Company’s ability to continue as a going concern as described in Note 1 to the financial statements) of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

 

WHERE YOU CAN FIND MORE INFORMATION

 

We have filed with the SEC a registration statement on Form S-3, including exhibits, under the Securities Act of which this prospectus forms a part. This prospectus does not contain all of the information set forth in the registration statement. This prospectus contains descriptions of certain agreements or documents that are exhibits to the registration statement. The statements as to the contents of such exhibits, however, are brief descriptions and are not

8



necessarily complete, and each statement is qualified in all respects by reference to such agreement or document. For further information about us, please refer to the registration statement and the documents incorporated by reference in this prospectus.

 

We file annual, quarterly and current reports, proxy statements and other information with the SEC. Our SEC filings are available to the public over the Internet at the SEC’sSEC's website athttp://www.sec.gov. The SEC’sSEC's website contains reports, proxy statements and other information regarding issuers, such as Celldex Therapeutics, Inc., that file electronically with the SEC. You may also read and copy any document we file with the SEC at the SEC’s Public Reference Room, located at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the operation of its Public Reference Room. We make available free of charge through our web site our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, Proxy Statements on Schedule 14A and all amendments to those reports as soon as reasonably practicable after such material is electronically filed with or furnished to the SEC. Our website address ishttp://www.celldextherapeutics.com. Please note that our website address is provided as an inactive textual reference only. Information contained on or accessible through our website is not part of this prospectus or the prospectus supplement, and is therefore not incorporated by reference unless such information is otherwise specifically referenced elsewhere in this prospectus or the prospectus supplement.

 

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

 

The SEC allows us to “incorporate"incorporate by reference”reference" into this prospectus the information we have filed with the SEC, which means that we can disclose important information to you by referring you to those documents. Any information that we file subsequently with the SEC will automatically update this prospectus. We incorporate by reference into this prospectus the information contained in the documents listed below, which is considered to be a part of this prospectus:

 

·                                          Our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the SEC on February 23, 2016;

·                                          Our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2015, filed with the SEC on February 25, 2016;

·                                          Our Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2016, June 30, 2016 and September 30, 2016, filed on May 5, 2016, August 8, 2016 and November 7, 2016, respectively;

·                                          Our Current Reports on Form 8-K filed with the SEC on February 23, 2016, March 7, 2016, May 19, 2016, June 9, 2016, August 11, 2016, November 1, 2016, November 29, 2016, December 5, 2016 and December 14, 2016 (in each case, not including any information furnished under Items 2.02 or 7.01 of Form 8-K, including the related exhibits, which information is not incorporated by reference herein);

·                                          Our Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 21, 2016 (other than the portions thereof which are furnished and not filed); and

·                                          The description of our common stock contained in our Registration Statement on Form 8-A, filed on November 8, 2004, as amended by Form 8-A/A filed on October 22, 2007 and March 7, 2008.

Our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on March 26, 2020;
Our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2020, filed onMay 6, 2020;
Our Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 28, 2020 (other than the portions thereof which are furnished and not filed); and
The description of our common stock contained in our Registration Statement on Form 8-A, filed onNovember 8, 2004, as amended by Form 8-A/A filed onOctober 22, 2007 andMarch 7, 2008.

 

We also incorporate by reference all documents we file under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (a) after the initial filing date of the registration statement of which this prospectus is a part and before the effectiveness of the registration statement and (b) after the effectiveness of the registration statement and before the filing of a post-effective amendment that indicates that the securities offered by this prospectus have been sold or that deregisters the securities covered by this prospectus then remaining unsold. The most recent information that we file with the SEC automatically updates and supersedes older information. The information contained in any such filing will be deemed to be a part of this prospectus, commencing on the date on which the document is filed.

 

Nothing in this prospectus shall be deemed to incorporate information furnished but not filed with the SEC pursuant to Item 2.02 or 7.01 of Form 8-K.

 

9



We will furnish without charge to each person, including any beneficial owner, to whom this prospectus is delivered, upon written or oral request, a copy of any documents incorporated by reference other than exhibits to those documents. Requests should be addressed to:

 

Corporate Secretary


Celldex Therapeutics, Inc.


Perryville III Building, 53 Frontage Road, Suite 220,


Hampton, New Jersey 08827


(908) 200-7500

 

10

14

 

$150,000,000

Common Stock
Preferred Stock
Warrants

PART IIDepositary Shares
Units

PROSPECTUS

, 2020

 

PART II

INFORMATION NOT REQUIRED IN THE PROSPECTUS

 

Item 14. Other Expenses of Issuance and Distribution.

 

The following table sets forth the estimated costs and expenses payable by the Registrant in connection with the registration of the securities being registered under this Registration Statement. All amounts shown are estimates except the Securities and Exchange Commission registration statement filing fee and the FINRA fee:

 

Registration Statement filing fee

 

$

7,069

 

 $19,470 
FINRA fee 23,000 

Printing fees

 

5,000

*

 *

Legal fees and expenses

 

20,000

*

 *

Accounting fees

 

15,000

*

 *

Miscellaneous

 

2,931

*

 *

Total

 

$

50,000

*

 $ *

 


*                 Estimated        These fees are calculated on the securities offered and the number of issuances and accordingly cannot be estimated at this time.

 

Item 15. Indemnification of Directors and Officers.

 

Celldex is a Delaware corporation. In accordance with the Delaware General Corporation Law (the “DGCL”"DGCL"), Article Six of the Registrant’sRegistrant's Third Restated Certificate of Incorporation, as amended, provides that no director of the Registrant shall be personally liable to the Registrant or its stockholders for breach of fiduciary duty as a director, except for liability (i) for any breach of the director’sdirector's duty of loyalty to Celldex or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from which the director derived an improper personal benefit.

 

The DGCL permits, but does not require, a corporation to indemnify its directors, officers, employees or agents and expressly provides that the indemnification provided for under the DGCL shall not be deemed exclusive of any indemnification right under any bylaw, agreement, vote of stockholders or disinterested directors, or otherwise. The DGCL permits indemnification against expenses and certain other liabilities arising out of legal actions brought or threatened against such persons for their conduct on behalf of the corporation, provided that each such person acted in good faith and in a manner that he or she reasonably believed was in or not opposed to the corporation’scorporation's best interests and in the case of a criminal proceeding, had no reasonable cause to believe his or her conduct was unlawful. The DGCL does not allow indemnification of directors in the case of an action by or in the right of the corporation (including stockholder derivative suits) unless the directors successfully defend the action or indemnification is ordered by the court. The Amended and Restated Bylaws of Celldex (the “Bylaws”"Bylaws") provide for indemnification to the directors, officers, employees and agents of Celldex consistent with that authorized by the DGCL. Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors and officers of Celldex pursuant to the foregoing provision or otherwise, Celldex has been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Exchange Act of 1934, as amended, and is therefore, unenforceable.

 

Celldex currently carries a directors’directors' and officers’officers' liability insurance policy which provides for payment of expenses of Celldex’sCelldex's directors and officers in connection with threatened, pending or completed actions, suits or proceedings against them in their capacities as directors and officers, in accordance with the Bylaws and the DGCL.

 

II-1

II-1


 

Item 16. Exhibits.

 

No.

Description

Location

No.

Description

Location

2.1

1.1

Form of Underwriting Agreement

To be filed, if applicable, by amendment or by a report filed under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, and incorporated herein by reference.
2.1Agreement and Plan of Merger, dated as of November 1, 2016, by and among Kolltan Pharmaceuticals, Inc., Celldex Therapeutics, Inc., Connemara Merger Sub 1 Inc. and Connemara Merger Sub 2 LLC.

LLC

Incorporated by reference to Exhibit 2.1 Celldex’sof Celldex's Current Report on Form 8-K, filed November 1, 2016.

4.1

Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’sCelldex's Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

1998.

4.2

Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’sCelldex's Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

1998.

4.3

Second Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.2 of Celldex’sCelldex's Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

1998.

4.4

Third Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’sCelldex's Quarterly Report on Form 10-Q, filed May 10, 2002

2002.

4.5

Amended and Restated By-Laws of Celldex as of March 14, 2007

Incorporated by reference to Exhibit 3.5 of Celldex’sCelldex's Annual Report on Form 10-K, filed March 18, 2008

2008.

4.6

Certificate of Designations, Preferences and Rights of a Series of Preferred Stock of Celldex classifying and designating the Series C-1 Junior Participating Cumulative Preferred Stock

Incorporated by reference to Exhibit 3.1 of Celldex’sCelldex's Registration Statement on Form 8-A, filed November 8, 2004

2004.

4.7

Certificate of Elimination of Series C-1 Junior Participating Cumulative Preferred Stock

Incorporated by reference to Exhibit 3.6 of Celldex’sCelldex's Annual Report on Form 10-K, filed March 16, 2005

2005.

4.8

Fourth Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’sCelldex's Current Report on Form 8-K, filed on March 11, 2008

2008.

4.9

Fifth Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

��

Incorporated by reference to Exhibit 3.2 of Celldex’sCelldex's Current Report on Form 8-K, filed on March 11, 2008

2008.

4.13

4.10
Sixth Certificate of Amendment of Third Restated Certificate of IncorporationIncorporated by reference to Exhibit 3.7 of Celldex's Quarterly Report on Form 10-Q, filed on November 10, 2008.

II-2

 

No.

DescriptionLocation
4.11Amended and Restated By-Laws, dated April 7, 2014Incorporated by reference to Exhibit 3.1 of Celldex's Current Report on Form 8-K, filed on April 8, 2014.
4.12Seventh Certificate of Amendment of Third Restated Certificate of IncorporationIncorporated by reference to Exhibit 3.1 of Celldex's Current Report on Form 8-K, filed on February 8, 2019.
4.13Specimen of Common Stock Certificate

Filed herewith

Incorporated by reference to Exhibit 4.1 of Celldex's Current Report on Form 8-K, filed on February 8, 2019.

5.1

4.14

Form of Warrant Agreement

To be filed subsequently by an amendment to the Registration Statement or by a Current Report of the Registrant on a Current Report on Form 8-K and incorporated by reference therein.
4.15Form of Warrant CertificateIncluded in Exhibit 4.14.
4.16Specimen of Preferred Stock CertificateTo be filed subsequently by an amendment to the Registration Statement or by a Current Report of the Registrant on a Current Report on Form 8-K and incorporated by reference therein.
4.17Form of Depositary AgreementTo be filed subsequently by an amendment to the Registration Statement or by a Current Report of the Registrant on a Current Report on Form 8-K and incorporated by reference therein.
4.18Form of Depositary ReceiptIncluded in Exhibit 4.17.
4.19Form of Unit AgreementTo be filed subsequently by an amendment to the Registration Statement or by a Current Report of the Registrant on a Current Report on Form 8-K and incorporated by reference therein.
5.1Opinion of Lowenstein Sandler LLP as to the legality of the securities being registered

Filed herewith

Previously filed.

23.1

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm

Filed herewith

herewith.

II-2



23.2

23.2Consent of Lowenstein Sandler LLP

Included in Exhibit 5.1

5.1.

24.1

Powers of Attorney

Included on signature pages to this Registration Statement

Previously filed.

II-3

 

Item 17. 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;

(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 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;

 

(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 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, Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of 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.

(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 initialbona fide offering thereof.

 

(3)  
(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.

(4)That, for the purpose of determining liability under the Securities Act to any purchaser, (A) each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and (B) each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or

II-4

prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

(5)That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities:

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of a post-effective amendment any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities being registered which remain unsold at the termination of the offering.

(5) That, for the purpose of determining liability under the Securities Act to anysuch purchaser:

 

(i)Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(i) If the registrant is relying on Rule 430B,

(ii)Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii)The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv)Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(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 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 initialbona 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 foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the 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 Act and will be governed by the final adjudication of such issue.

 

(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part

II-5

 

(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at

II-3



that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or

(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness; provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

(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 that is incorporated by reference in this 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 foregoing provisions, 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 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 Act and will be governed by the final adjudication of such issue.

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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-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Hampton, State of New Jersey, on January 26, 2017.June 11, 2020.

 

CELLDEX THERAPEUTICS, INC.

By:

/s/ ANTHONY S. MARUCCI

Anthony S. Marucci

Anthony S. Marucci

President and Chief Executive Officer

 

SIGNATURES AND POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Anthony S. Marucci and Avery W. Catlin, or any one of them, as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including pre-effective and post-effective amendments) to this registration statement on Form S-3 and any subsequent registration filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to file the same, with all 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 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 attorneys-in-fact and agents, or any of them, or their or his substitutes or substitute, 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 in the capacities and on the dates indicated.

 

Signature

Title

Date

/s/ AnthonyANTHONY S. Marucci

MARUCCI

January 26, 2017

Anthony S. Marucci

Director,President, Chief Executive Officer and PresidentDirector (Principal Executive Officer)

June 11, 2020

Anthony S. Marucci

/s/ Avery W. Catlin

January 26, 2017

Avery W. Catlin

/s/ SAM MARTIN

Senior Vice President, Treasurer and Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

June 11, 2020

Sam Martin

/s/ Larry Ellberger

January 26, 2017

Larry Ellberger

*

Director,

Chair of the Board of Directors

Karen L. Shoos

June 11, 2020

/s/

*Director
Keith L. BrownlieJune 11, 2020
*Director
Herbert J. Conrad

January 26, 2017

June 11, 2020

Herbert J. Conrad

Director

*

Director

/s/ George O. Elston

James J. Marino

January 26, 2017

June 11, 2020

George O. Elston

Director

*

Director

/s/ Gerald McMahon

Director

January 26, 2017

Gerald McMahon

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/s/ Harry H. Penner, Jr.

June 11, 2020

 

*By:  

/s/ Sam Martin 

January 26, 2017

Harry H. Penner, Jr.

Name:  

Sam Martin  

Director

Title:  

Attorney-in-fact  

/s/ Karen L. Shoos

January 26, 2017

Karen L. Shoos

Director

II-6

 

II-6



EXHIBIT INDEX

No.

Description

Location

2.1

Agreement and Plan of Merger, dated as of November 1, 2016, by and among Kolltan Pharmaceuticals, Inc., Celldex Therapeutics, Inc., Connemara Merger Sub 1 Inc. and Connemara Merger Sub 2 LLC.

Incorporated by reference to Exhibit 2.1 Celldex’s Current Report on Form 8-K, filed November 1, 2016.

4.1

Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’s Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

4.2

Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’s Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

4.3

Second Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.2 of Celldex’s Registration Statement on Form S-4 (Reg. No. 333-59215), filed July 16, 1998

4.4

Third Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’s Quarterly Report on Form 10-Q, filed May 10, 2002

4.5

Amended and Restated By-Laws of Celldex as of March 14, 2007

Incorporated by reference to Exhibit 3.5 of Celldex’s Annual Report on Form 10-K, filed March 18, 2008

4.6

Certificate of Designations, Preferences and Rights of a Series of Preferred Stock of Celldex classifying and designating the Series C-1 Junior Participating Cumulative Preferred Stock

Incorporated by reference to Exhibit 3.1 of Celldex’s Registration Statement on Form 8-A filed November 8, 2004

4.7

Certificate of Elimination of Series C-1 Junior Participating Cumulative Preferred Stock

Incorporated by reference to Exhibit 3.6 of Celldex’s Annual Report on Form 10-K, filed March 16, 2005

4.8

Fourth Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.1 of Celldex’s Current Report on Form 8-K filed on March 11, 2008

4.9

Fifth Certificate of Amendment of Third Restated Certificate of Incorporation of Celldex

Incorporated by reference to Exhibit 3.2 of Celldex’s Current Report on Form 8-K filed on March 11, 2008

4.13

Specimen of Common Stock Certificate

Filed herewith

5.1

Opinion of Lowenstein Sandler LLP as to the legality of the securities being registered

Filed herewith

23.1

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm

Filed herewith

II-7



23.2

Consent of Lowenstein Sandler LLP

Included in Exhibit 5.1

24.1

Powers of Attorney

Included on signature pages to this Registration Statement

II-8