Exhibit 5.1
JONES DAY
PARTNERSHIP CONSTITUEE SELON LE DROIT DE L’OHIO, USA
AVOCATS AU BARREAU DE PARIS
2, RUE SAINT-FLORENTIN • 75001 PARIS
TELEPHONE: (0)1.56.59.39.39 • FACSIMILE: (0)1.56.59.39.38 • TOQUE J 001
WWW.JONESDAY.COM
February 8, 2023
Cellectis S.A.
8, rue de la Croix Jarry
75013 Paris, France
Re: 10,120,000 ordinary shares in the form of American depositary shares issued by Cellectis SA
Ladies and Gentlemen:
We are acting as special French counsel for Cellectis S.A. (the “Company”), a French société anonyme, in connection with the issuance and sale by the Company of up to 10,120,000 ordinary shares, par value €0.05 (the “New Shares”) to be delivered in the form of an aggregate of 10,120,000 American depositary shares (the “ADSs”), each ADS representing one ordinary share of the Company, comprising: (i) 8,800,000 ordinary shares, par value €0.05 (the “Firm Shares”) delivered in the form of an aggregate of 8,800,000 ADSs and (ii) up to 1,320,000 ordinary shares, par value €0.05 (the “Option Shares”) to be delivered in the form of an aggregate of 1,320,000 ADSs.
The New Shares are included in the shelf registration statement on Form F-3 (No. 333-265826) filed by the Company with the Securities and Exchange Commission (“SEC”) on June 24, 2022, as amended, in the form in which it became effective on July 7, 2022 (the “Form F-3”), including the final prospectus supplement dated as of February 2, 2023, and filed by the Company pursuant to Rule 424(b) under the Securities Act on February 3, 2023, relating to the New Shares underlying the ADSs (the “Prospectus Supplement” and, together with the Form F-3, the “Prospectus”). The issuance and subscription of the New Shares is pursuant to the underwriting agreement (the “Underwriting Agreement”) entered into by and among the Company on the one hand and Jefferies LLC and Barclays Capital Inc., acting as the representative of the several underwriters named in the Underwriting Agreement on the other hand, substantially in the form filed by the Company as exhibit 1.1 to a Current Report on Form 6-K filed on February 7, 2023.
In connection with the opinions expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of such opinions. Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that, as of the date hereof:
1. The issuance of the New Shares has been duly authorized;