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S-3 Filing
Rockley Photonics (RKLYQ) S-3Shelf registration
Filed: 1 Nov 22, 5:11pm
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered(1) | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial effective date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Newly Registered Securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees to Be Paid | Equity | Ordinary Shares, nominal value $0.000004026575398 per share | 457(c) | 443,808,239(2) | $0.6449(3) | $286,211,934 | $0.00011020 | $31,541 | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Offering Amounts | $286,211,934 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Fees Previously Paid | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Fee Offsets | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Fee Due | $31,541 |
(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), there are also being registered an indeterminable number of additional securities as may be issued resulting from stock splits, stock dividends or similar transactions. | ||||||||||||||||
(2) | The share amounts listed in this table includes up to 443,808,239 ordinary shares, nominal value $0.000004026575398 per share (“Ordinary Shares”) of Rockley Photonics Holdings Limited (the “Company”), which includes (i) up to 208,806,697 Ordinary Shares issuable upon conversion of the Company’s Convertible Senior Secured Notes due 2026 (the “New Notes”) (which amount consists of (A) 131,600,861 Ordinary Shares initially issuable upon conversion of all of the New Notes at an initial conversion price of $0.6888 per ordinary share and (B) an additional 77,205,836 Ordinary Shares that would have become due in connection therewith assuming that the New Notes were converted on the date they were issued and the interest make-whole payment (as defined in the Indenture) that would have become due in connection therewith was paid by the Company in Ordinary Shares on that date) and (ii) up to 235,001,542 Ordinary Shares issuable upon the exercise of the Company’s warrants (the “New 144A Warrants”) (which amount consists of (A) 131,600,861 Ordinary Shares initially issuable upon the exercise of the New 144A Warrants at an initial exercise price of $1.1182 per ordinary share and (B) an additional 103,400,681 Ordinary Shares that, together with 131,600,861 Ordinary Shares, would be issuable upon the exercise of the New 144A Warrants in connection with a ratchet anti-dilution adjustment as provided in the New 144A Warrants at an assumed exercise price of $0.6262 per ordinary share (the floor price for such ratchet anti-dilution adjustment) as a result thereof), in each case, issued in a private placement on October 25, 2022. The number of additional Ordinary Shares set forth in clauses (i)(B) and (ii)(B) of the immediately preceding sentence are included solely for purposes of estimating the filing fee and are based on the assumptions set forth in each such clause. Under certain circumstances as set forth in the Indenture, Ordinary Shares could be issued in connection with a conversion of interest that may be paid in kind as well as additional Ordinary Shares that would be issuable if a holder of New Notes elected to convert its New Notes in connection with a make-whole fundamental change (as defined in the Indenture), but the aggregate number of Ordinary Shares issuable in these circumstances are expected to be less than the number of Ordinary Shares set forth in clause (i)(B) of the first sentence of this note (2). The number of Ordinary Shares issuable in connection with an interest make-whole payment, if any, or a ratchet anti-dilution adjustment, if any, represent good faith estimates only and the actual number of Ordinary Shares which may be issued, if any, may vary. The information herein is not intended to constitute an indication or prediction of (i) the date on which the selling securityholders or the registrant will convert any New Notes into Ordinary Shares, or on which the selling securityholders will exercise any New 144A Warrants, if at all, or (ii) if the interest make-whole payment becomes due in connection with the conversion of any New Note, whether the Company would elect to make such payment in Ordinary Shares or have satisfied the conditions set forth in the Indenture to make such payment in Ordinary Shares. | ||||||||||||||||
(3) | Pursuant to Rule 457(c) under the Securities Act, and solely for the purpose of calculating the registration fee, the proposed maximum offering price is $0.6449, which represents the average of the high and low trading prices of the Ordinary Shares on October 26, 2022 on the New York Stock Exchange. |