Exhibit 5.1
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February 3, 2022
Ra Medical Systems, Inc.
2070 Las Palmas Drive
Carlsbad, CA 92011
Re: Registration Statement on Form S-1 (File No. 333-262195)
Ladies and Gentlemen:
We have acted as counsel to Ra Medical Systems, Inc., a Delaware corporation (the “Company”), in connection with the filing of a registration statement on Form S-1 (Reg. No. 333-262195) (as amended, the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement relates to the proposed issuance and sale by the Company of (i) up to $13,800,000 of: (a) units (the “Units”), each consisting of one share of its common stock, par value $0.0001 per share (each a “Share” and collectively the “Shares”), one warrant to purchase one Share with an expiration date of one year from the date of issuance of such warrant (each a “Series A Warrant” and collectively the “Series A Warrants”), and one warrant to purchase one Share with an expiration date that is seven years from the date of issuance of such warrant (each a “Series B Warrant” and collectively the “Series B Warrants”) and (b) pre-funded units (the “Pre-Funded Units”), each consisting of one pre-funded warrant to purchase one Share (the “Pre-Funded Warrants” and together with the Series A Warrants and the Series B Warrants, the “Warrants”), one Series A Warrant and one Series B Warrant and (ii) the Shares issuable upon exercise of the Warrants (the “Warrant Shares”). The Units, the Pre-Funded Units, the Warrants, the Warrant Shares, and the Shares underlying the Units are collectively referred to herein as the “Securities.”
In rendering the opinions set forth below, we have assumed that (i) all information contained in all documents reviewed by us is true and correct; (ii) all signatures on all documents examined by us are genuine; (iii) all documents submitted to us as originals are authentic and all documents submitted to us as copies conform to the originals of those documents; (iv) each natural person signing any document reviewed by us had the legal capacity to do so; and (v) the certificates representing the Securities will be duly executed and delivered.
We have examined the Registration Statement, including the exhibits thereto, and such other documents, corporate records, and instruments and have examined such laws and regulations as we have deemed necessary for purposes of rendering the opinions set forth herein.
We express no opinion herein as to the laws of any state or jurisdiction other than the General Corporation Law of the State of Delaware (including the statutory provisions and all applicable judicial decisions interpreting those laws) and the federal laws of the United States of America.
Our opinions below are qualified to the extent that they may be subject to or affected by (i) applicable bankruptcy, insolvency, reorganization, moratorium, usury, fraudulent conveyance or similar laws affecting the rights of creditors generally, and (ii) by general equitable principles and public policy considerations, whether such principles and considerations are considered in a proceeding at law or at equity. Furthermore, we express no opinion as to the availability of any equitable or specific remedy, or as
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