As filed with the Securities and Exchange Commission on November 26, 2024 |
Registration No. 333- |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
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Florida | 98-0171860 |
(State or other jurisdiction of | (I.R.S. Employer |
President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of Principal Executive Offices)
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Amended and Restated 2022 Stock Incentive Plan
(Full title of the plan)
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Ali Mazanderani
Executive Chairman
Lesaka Technologies, Inc.
President Place, 4th Floor
Cnr. Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Name and address of agent for service)
__________________
27-11-343-2000
(Telephone number, including area code, of agent for service)
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Copy to:
Eric Orsic, Esq.
McDermott Will & Emery LLP
444 West Lake Street, Suite 4000
Chicago, IL 60606-0029
Tel: (312) 372-2000
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☒ |
Non-accelerated filer | ☐ | Smaller reporting company | ☒ |
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| Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed by Lesaka Technologies, Inc. (the "Company") to register (i) an additional 3,000,000 shares (the "Amendment Shares") of the common stock, par value $0.001 per share (the "Common Stock"), of the Company reserved for issuance under the Amended and Restated 2022 Stock Incentive Plan of Lesaka Technologies, Inc., as amended (the "Plan" and as amended to include the Amendment Shares, the "Plan Amendment") and (ii) 300,000 shares of Common Stock (the "Recycled Shares," and, together with the Amendment Shares, the "Shares") that may become available for issuance pursuant to the share counting and share recycling provisions of the Plan, including upon the expiration, cancellation, forfeiture or other termination of awards. The Plan Amendment was adopted by the Company's Board of Directors on April 11, 2024, subject to shareholder approval, which was obtained at a Special Meeting of Shareholders held on June 3, 2024.
The Shares being registered are in addition to the shares of Common Stock registered on the Company's Form S-8 filed with the Securities and Exchange Commission (the "Commission") on November 16, 2022 (File No. 333-268414) (the "Prior Registration Statement").
This Registration Statement relates to securities of the same class as that to which the Prior Registration Statement relates and is submitted in accordance with General Instruction E to Form S-8 regarding Registration of additional securities. Pursuant to General Instruction E of Form S-8, the contents of the Prior Registration Statement, to the extent relating to the registration of Common Stock issuable under the Plan, are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed with the Commission are incorporated by reference in this registration statement:
| (a) | the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Commission on September 11, 2024; |
| (b) | the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, filed with the Commission on November 6, 2024; |
| (c) | the Company's Current Reports on Form 8-K filed with the Commission on August 21, 2024, September 5, 2024, October 2, 2024, November 6, 2024 (with respect to Item 5.02 only) and November 14, 2024; |
| (d) | the information specifically incorporated by reference into the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024 from the Company's Definitive Proxy Statement on Schedule 14A filed with the Commission on October 2, 2024; |
| (e) | the audited financial statements of Adumo (RF) Proprietary Limited at September 30, 2023 and for year ended September 30, 2023 included in Lesaka's Definitive Proxy Statement on Schedule 14A filed with the Commission on August 2, 2024; |
| (f) | the unaudited financial statements of Adumo (RF) Proprietary Limited at March 31, 2024 and for the six months ended March 31, 2024 included in Lesaka's Definitive Proxy Statement on Schedule 14A filed with the Commission on August 2, 2024; and |
| (g) | the description of the Company's Common Stock, set forth in the Company's registration statements pursuant to Section 12 of the Exchange Act, and any amendment or report filed for the purpose of updating such description, including Exhibit 4.2 to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024. |
All documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended, subsequent to the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Notwithstanding the foregoing, unless specifically stated to the contrary, none of the information disclosed by the Company under Items 2.02 or 7.01 of any Current Report on Form 8-K that the Company may from time to time furnish to the Commission will be incorporated by reference into, or otherwise included in, this Registration Statement. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Johannesburg, South Africa on November 26, 2024.
| LESAKA TECHNOLOGIES, INC. | |
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| By: | /s/ Ali Mazanderani |
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| Ali Mazanderani |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Ali Mazanderani, Dan L. Smith and Naeem E. Kola, and each of them, his or her true and lawful attorney-in-fact and agent, with full powers of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and any other regulatory authority, 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 and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated below on November 26, 2024.
| /s/ Ali Mazanderani |
| Name: Ali Mazanderani |
| Title: Executive Chairman |
| Date: November 26, 2024 |
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| /s/ Dan L. Smith |
| Name: Dan L. Smith |
| Title: Group Chief Financial Officer, Treasurer, Secretary and Director (Principal Financial and Accounting Officer) |
| Date: November 26, 2024 |
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| /s/ Naeem E. Kola |
| Name: Naeem E. Kola |
| Title: Group Chief Operating Officer and Director |
| Date: November 26, 2024 |
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| /s/ Kuben Pillay |
| Name: Kuben Pillay |
| Title: Lead Independent Director and Director |
| Date: November 26, 2024 |
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| /s/ Antony C. Ball |
| Name: Antony C. Ball |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Nonkululeko N. Gobodo |
| Name: Nonkululeko N. Gobodo |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Steven J. Heilbron |
| Name: Steven J. Heilbron |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Lincoln C. Mali |
| Name: Lincoln C. Mali |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Venessa Naidoo |
| Name: S. Venessa Naidoo |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Ekta Singh-Bushell |
| Name: Ekta Singh-Bushell |
| Title: Director |
| Date: November 26, 2024 |
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| /s/ Dean C. Sparrow |
| Name: Dean C. Sparrow |
| Title: Director |
| Date: November 26, 2024 |
