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Delaware
(State or other jurisdiction of
incorporation or organization) |
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3841
(Primary Standard Industrial
Classification Code Number) |
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45-3213164
(I.R.S. Employer
Identification Number) |
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Valerie Ford Jacob, Esq.
Michael A. Levitt, Esq. Freshfields Bruckhaus Deringer US LLP 601 Lexington Avenue New York, New York 10022 (212) 277-4000 |
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Jason DiBona
c/o AeroClean Technologies, Inc. 10455 Riverside Drive Palm Beach Gardens, FL 33410 Telephone: (833) 652-5326 |
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Large accelerated filer
☐
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Accelerated filer
☐
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Non-accelerated filer
☒
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Smaller reporting company
☒
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Emerging growth company
☒
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Page
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Three Months Ended March 31,
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Year Ended December 31,
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2022
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2021
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2021
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2020
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Operating Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
Operating expenses
|
| | | $ | 2,673,707 | | | | | $ | 1,969,692 | | | | | $ | 8,521,360 | | | | | $ | 3,323,081 | | |
Net loss
|
| | | | (2,577,964) | | | | | | (1,969,692) | | | | | | (7,923,607) | | | | | | (3,323,081) | | |
| | |
As of March 31,
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As of December 31,
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| | |
2022
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2021
|
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2020
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Balance Sheet Data: | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | $ | 17,774,097 | | | | | $ | 19,629,649 | | | | | $ | 2,333,117 | | |
Total assets
|
| | | | 21,459,419 | | | | | | 23,722,748 | | | | | | 3,193,175 | | |
Total liabilities
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| | | | 1,656,130 | | | | | | 2,012,333 | | | | | | 665,308 | | |
Total members’/stockholders’ equity
|
| | | | 19,803,289 | | | | | | 21,710,415 | | | | | | 2,527,867 | | |
Name
|
| |
Age
|
| |
Position
|
|
Amin J. Khoury, PhD (Hon) | | |
83
|
| | Co-Founder, Chairman | |
David Helfet, M.D. | | |
74
|
| | Co-Founder, Chief Medical Officer, Director | |
Mark Krosney | | |
75
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| | Co-Founder, Chief Scientific Officer | |
Jason DiBona | | |
51
|
| | Chief Executive Officer | |
Ryan Tyler | | |
38
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| | Chief Financial Officer | |
Michael Senft | | |
63
|
| | Lead Independent Director | |
Thomas P. McCaffrey | | |
68
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| | Director | |
Heather Floyd | | |
43
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| | Director | |
Timothy J. Scannell | | |
57
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| | Director | |
Jimmy Thompson | | |
57
|
| | Vice President of Strategic Sales | |
Edward Lanzilotta, PhD | | |
61
|
| | Director of Engineering & Product Development | |
Nick DeAngelis, PhD | | |
82
|
| | Director of Regulatory Affairs & Quality | |
Rao Tella | | |
74
|
| | Director of Operations | |
Bill Reisenauer | | |
63
|
| | Lead Engineer on Pūrgo UV Subsystem Design | |
Karl Keppeler | | |
48
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| | Lead Engineer on the Electrical Engineering & Embedded Software Subsystems | |
Joseph Toro | | |
52
|
| | Lead Industrial Design Engineer | |
Name of Beneficial Owner
|
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Shares
Beneficially Owned |
| |
Percentage of Shares
Beneficially Owned |
| ||||||
5% Stockholders | | | | | | | | | | | | | |
Lewis Pell(1)
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| | | | 1,569,060 | | | | | | 10.2% | | |
Dateline TV Holdings, Inc.(2)
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| | | | 1,198,062 | | | | | | 7.8% | | |
Armistice Capital Master Fund Ltd.(3)
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| | | | 1,500,000 | | | | | | 9.7% | | |
Northeastern University(4)
|
| | | | 1,500,000 | | | | | | 9.7% | | |
Named Executive Officers and Directors | | | | | | | | | | | | | |
Amin J. Khoury(5)
|
| | | | 4,119,793 | | | | | | 26.7% | | |
David Helfet, M.D.(6)
|
| | | | 759,590 | | | | | | 4.9% | | |
Mark Krosney
|
| | | | 256,728 | | | | | | 1.7% | | |
Michael Senft(7)
|
| | | | 37,862 | | | | | | * | | |
Thomas P. McCaffrey(8)
|
| | | | 186,509 | | | | | | 1.2% | | |
Heather Floyd(9)
|
| | | | — | | | | | | — | | |
Timothy Scannell(10)
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| | | | — | | | | | | — | | |
Jason DiBona(11)
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| | | | — | | | | | | — | | |
Ryan Tyler(12)
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| | | | — | | | | | | — | | |
All Executive Officers and Directors as a Group (9 persons)
|
| | | | 5,360,482 | | | | | | 34.8% | | |
Name of Selling Stockholder
|
| |
Number of
shares of Common Stock Owned Prior to Offering |
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Maximum Number of
Shares of Common Stock to be Sold Pursuant to this Prospectus |
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Number of
Shares of Common Stock Owned After Offering |
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Percentage of Shares
of Common Stock Owned After the Offering |
| ||||||||||||
Armistice Capital Master Fund
Ltd. c/o Armistice Capital, LLC 510 Madison Avenue, 7th Floor New York, New York 10022 |
| | | | 1,500,000(1) | | | | | | 3,000,000 | | | | | | 0 | | | | | | 0.0% | | |
| | |
Amount to
be paid |
| |||
SEC registration fee
|
| | | $ | 3,526 | | |
Accounting fees and expenses
|
| | | $ | 10,000 | | |
Legal fees and expenses
|
| | | | 75,000 | | |
FINRA filing fee
|
| | | | 6,247 | | |
Total
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| | | $ | 94,773 | | |
Exhibit No.
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Exhibit Description
|
|
10.15 | | | | |
23.1* | | | | |
23.2* | | | | |
24.1* | | | | |
107* | | | |
|
Signature
|
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Title
|
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Date
|
|
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/s/ Jason DiBona
Jason DiBona
|
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Chief Executive Officer
(Principal Executive Officer) |
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July 20, 2022
|
|
|
/s/ Ryan Tyler
Ryan Tyler
|
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Chief Financial Officer
(Principal Financial Officer) |
| |
July 20, 2022
|
|
|
*
Amin J. Khoury, PhD (Hon)
|
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Chairman of the Board
|
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July 20, 2022
|
|
|
*
David Helfet, M.D.
|
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Director
|
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July 20, 2022
|
|
|
*
Michael Senft
|
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Director
|
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July 20, 2022
|
|
|
*
Thomas P. McCaffrey
|
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Director
|
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July 20, 2022
|
|
|
*
Heather Floyd
|
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Director
|
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July 20, 2022
|
|
|
*
Timothy J. Scannell
|
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Director
|
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July 20, 2022
|
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*By:
/s/ Jason DiBona
Jason DiBona
Attorney-In-Fact |
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