As filed with the Securities and Exchange Commission on February 27, 2023

 

Registration No. 333-

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT UNDER

THE SECURITIES ACT OF 1933

 

Inari Medical, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware		45-2902923
(State or Other Jurisdiction		(I.R.S. Employer Identification No.)
of Incorporation or Organization)

 

6001 Oak Canyon, Suite 100

Irvine, California 92618

(Address of Principal Executive Offices) (Zip Code)

 

2020 Incentive Award Plan

Amended and Restated 2020 Employee Stock Purchase Plan

(Full Title of the Plans)

Andrew Hykes

Chief Executive Officer

Inari Medical, Inc.

6001 Oak Canyon, Suite 100

Irvine, California 92618

(877) 923-4747

 

(Name, address, and telephone number, including area code, of agent for service)

Copies to:

B. Shayne Kennedy

J. Ross McAloon

Latham & Watkins LLP

650 Town Center Drive, 20th Floor

Costa Mesa, California 92626

(714) 540-1235

 

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 ý		Accelerated filer ¨
Non-accelerated filer ¨		Smaller reporting company ¨
		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. ¨

 

 

 

 

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EXPLANATORY NOTE

 

This Registration Statement on Form S-8 is being filed by Inari Medical, Inc. (the “Company” or the “Registrant”) with the Securities and Exchange Commission for the purpose of registering an additional 2,160,867 shares of the Company’s common stock, par value $0.001 per share (the “common stock”), issuable under the following employee benefit plans for which registration statements on Form S-8 (File Nos. 333-238735, 333-254133 and 333-262931) are effective: (i) the 2020 Incentive Award Plan which, as a result of an automatic annual increase provision therein, added 1,620,650 shares of common stock, and (ii) the Amended and Restated 2020 Employee Stock Purchase Plan which, as a result of the operation of an annual increase provision therein, added 540,217 shares of common stock.

 

INCORPORATION BY REFERENCE OF CONTENTS OF REGISTRATION STATEMENT ON FORM S-8

The contents of the registration statements on Form S-8 (File Nos. 333-238735, 333-254133 and 333-262931) are incorporated into this Registration Statement by reference to the extent not modified or superseded hereby or by any subsequently filed document, which is incorporated by reference herein or therein.

 

 

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				Incorporated by Reference
Exhibit Number		Description		Form		Exhibit		Date Filed	File Number		Filed Herewith
4.1		Amended and Restated Certificate of Incorporation		8-K		3.1		5/28/2020	001-39293
4.2		Amended and Restated Bylaws		8-K		3.2		5/28/2020	001-39293
5.1		Opinion of Latham & Watkins LLP									X
23.1		Consent of Independent Registered Public Accounting Firm									X
23.2		Consent of Latham & Watkins LLP (included in Exhibit 5.1)									X
24.1		Power of Attorney (included in the signature page to this Registration Statement)									X
99.1		2020 Incentive Award Plan		S-1/A		10.6		5/18/2020	333-236568
99.2		Form of Option Agreement pursuant to 2020 Incentive Award Plan		S-1/A		10.6.1		5/18/2020	333-236568
99.3		Form of Restricted Stock Unit Agreement pursuant to 2020 Incentive Award Plan		S-1/A		10.6.2		5/18/2020	333-236568
99.4		Form of Restricted Stock Unit Award Agreement pursuant to 2020 Incentive Award Plan – International		10-K		10.8		3/9/2021	001-39293
99.5		Form of Restricted Stock Unit Award Agreement pursuant to 2020 Incentive Award Plan - Non-Employee Director		10-K		10.25		2/23/2022	001-39293
99.6		Amended and Restated 2020 Employee Stock Purchase Plan		10-Q		10.3		11/12/2020	001-39293
107		Filing Fee Table									X

 

 

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 the City of Irvine, State of California, on February 27, 2023.

 

	INARI MEDICAL, INC.
	By:	/s/ Mitchell Hill
	Name:	Mitchell Hill
	Title:	Chief Financial Officer

 

 

 

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POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Andrew Hykes and Mitchell Hill, and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him or her 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, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.

 

Signature		Title		Date
/s/ Andrew Hykes		President, Chief Executive Officer and Director		February 27, 2023
Andrew Hykes		(Principal Executive Officer)
/s/ Mitchell Hill		Chief Financial Officer		February 27, 2023
Mitchell Hill		(Principal Accounting and Financial Officer)
/s/ Donald Milder		Director		February 27, 2023
Donald Milder
/s/ Rebecca Chambers		Director		February 27, 2023
Rebecca Chambers
/s/ William Hoffman		Director		February 27, 2023
William Hoffman
/s/ Cynthia Lucchese		Director		February 27, 2023
Cynthia Lucchese
/s/ Dana Mead		Director		February 27, 2023
Dana Mead
/s/ Kirk Nielsen		Director		February 27, 2023
Kirk Nielsen
/s/ Jonathan Root		Director		February 27, 2023
Jonathan Root
/s/ Katie Szyman		Director		February 27, 2023
Katie Szyman
/s/ Robert Warner		Director		February 27, 2023
Robert Warner

 

 

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Exhibit 5.1

 

		650 Town Center Drive, 20th Floor Costa Mesa, California 92626-1925 Tel: +1.714.540.1235 Fax: +1.714.755.8290
		www.lw.com
		FIRM / AFFILIATE OFFICES
		Austin	Milan
February 27, 2023		Beijing	Munich
		Boston	New York
		Brussels	Orange County
		Century City	Paris
		Chicago	Riyadh
		Dubai	San Diego
		Düsseldorf	San Francisco
Inari Medical, Inc.		Frankfurt	Seoul
6001 Oak Canyon, Suite 100		Hamburg	Shanghai
Irvine, California 92618		Hong Kong	Silicon Valley
		Houston	Singapore
Re: Registration Statement on Form S-8 with respect to 2,160,867 shares of Common Stock of Inari Medical, Inc., par value $0.001 per share		London	Tel Aviv
		Los Angeles	Tokyo
		Madrid	Washington, D.C.

 

To the addressee set forth above:

 

We have acted as special counsel to Inari Medical, Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S–8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Act”), relating to the issuance of up to 2,160,867 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), which may be issued pursuant to the Company’s 2020 Incentive Award Plan and the Amended and Restated 2020 Employee Stock Purchase Plan (together, the “Plans”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the prospectuses forming a part thereof, other than as expressly stated herein with respect to the issuance of the Shares.

 

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon the foregoing and upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein only as to the General Corporation Law of the State of Delaware, as amended (the “DCGL”), and we express no opinion with respect to any other laws.

 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the recipients thereof, and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plans, assuming in each case that the individual issuances, grants or awards under the Plans are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the applicable Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.

 

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

 

Sincerely,

/s/ Latham & Watkins LLP

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Exhibit 23.1

 

 

Consent of Independent Registered Public Accounting Firm

 

Inari Medical, Inc.

Irvine, California

 

We hereby consent to the incorporation by reference in the Prospectus constituting a part of this Registration Statement of our reports dated February 27, 2023, relating to the consolidated financial statements and the effectiveness of Inari Medical, Inc.’s internal control over financial reporting, of Inari Medical, Inc. appearing in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

 

 

/s/ BDO USA, LLP

 

Costa Mesa, California

February 27, 2023

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Exhibit 107

Calculation of Filing Fee Tables

 

Form S-8

(Form Type)

 

Inari Medical, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Table 1: Newly Registered Securities

 

	Security Type	Security Class Title	Fee Calculation Rule	Amount Registered (1)	Proposed Maximum Offering Price Per Share (2)	Maximum Aggregate Offering Price	Fee Rate	Amount of Registration Fee
Fees to Be Paid	Equity	Common Stock, $0.001 par value per share	457(c) and 457(h)	2,160,867 (3)	$54.80	$118,404,707.27	$110.20 per $1,000,000	$13,048.20
Fees Previously Paid
	Total Offering Amounts					$118,404,707.27		$13,048.20
	Total Fees Previously Paid							–
	Total Fee Offsets (4)							–
	Net Fee Due							$13,048.20

 

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