S-1MEF

As filed with the Securities and Exchange Commission on February 6, 2025.

Registration No. 333–   

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

Sionna Therapeutics, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   2834   84-2801521

(State or other jurisdiction of

incorporation or organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification No.)

21 Hickory Drive, Suite 500

Waltham, MA 02451

(617) 819-2020

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

Michael Cloonan

President and Chief Executive Officer

Sionna Therapeutics, Inc.

21 Hickory Drive, Suite 500

Waltham, MA 02451

(617) 819-2020

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

 

 

Copies to:

 

Gabriela Morales-Rivera

William D. Collins

Janet Hsueh

Goodwin Procter LLP

100 Northern Avenue

Boston, MA 02210

(617) 570-1000

 

Jennifer Fitzpatrick

Senior Vice President, General Counsel

21 Hickory Drive, Suite 500

Waltham, MA 02451

(617) 819-2020

 

Tara Fisher

Thomas J. Danielski

Ropes & Gray LLP

800 Boylston Street

Boston, MA 02199

(617) 951-7000

 

 

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ 333-284352

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

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      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. ☐

The Registration Statement shall become effective upon filing in accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended.

 

 

 


EXPLANATORY NOTE AND INCORPORATION BY REFERENCE

This Registration Statement is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the “Securities Act”), for the sole purpose of increasing the aggregate number of shares of common stock offered by Sionna Therapeutics, Inc. (the “Registrant”) by 2,029,409 shares, 264,705 of which are subject to purchase upon exercise of the underwriters’ option to purchase additional shares of the Registrant’s common stock. The contents of the Registration Statement on Form S-1, as amended (File No. 333-284352), filed by the Registrant with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act, which was declared effective by the Commission on February 6, 2025, including all exhibits thereto, are incorporated by reference into this Registration Statement.

The required opinion and consents are listed on an Exhibit Index attached hereto and filed herewith.

EXHIBIT INDEX

 

Exhibit

No.

  

Exhibit Index

 5.1    Opinion of Goodwin Procter LLP.
23.1    Consent of Deloitte & Touche LLP, independent registered public accounting firm.
23.2    Consent of Goodwin Procter LLP (included in Exhibit 5.1)
24.1*    Power of Attorney (included on signature page).
107    Filing Fee Table

 

*

Previously filed on the signature page to the Registrant’s Registration Statement on Form S-1, as amended (File No. 333-284352), originally filed with the Securities and Exchange Commission on January 17, 2025 and incorporated by reference herein.


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this registration statement on Form S-1 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Waltham, Massachusetts, on the 6th day of February, 2025.

 

SIONNA THERAPEUTICS, INC.
By:  

/s/ Michael S. Cloonan

Name:   Michael S. Cloonan
Title:   President and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-1 has been signed by the following person in the capacities and on the date indicated.

 

Name

  

Title

 

Date

/s/ Michael Cloonan

Michael Cloonan, M.B.A.

   President and Chief Executive Officer (Principal Executive Officer)   February 6, 2025

/s/ Elena Ridloff

Elena Ridloff, C.F.A.

  

Chief Financial Officer and Head of Corporate Development

(Principal Financial Officer and

Principal Accounting Officer)

  February 6, 2025

*

Paul Clancy, M.B.A.

   Chair of the Board of Directors   February 6, 2025

*

Bruce Booth, D.Phil.

   Director   February 6, 2025

*

H. Edward Fleming, Jr., M.D.

   Director   February 6, 2025

*

Lucian Iancovici, M.D.

   Director   February 6, 2025

*

Joshua Resnick, M.D., M.B.A.

   Director   February 6, 2025

*

Marcella Kuhlman Ruddy, M.D.

   Director   February 6, 2025

*

Laura Stelzer, M.B.A.

   Director   February 6, 2025


*

Peter A. Thompson, M.D.

   Director   February 6, 2025

*

Joanne Louise Viney, Ph.D.

   Director   February 6, 2025

 

* By:  

/s/ Elena Ridloff

  Elena Ridloff, C.F.A.
  Attorney-in-Fact
EX-5.1

Exhibit 5.1

February 6, 2025

Sionna Therapeutics, Inc.

21 Hickory Drive, Suite 500

Waltham, MA 02451

 

Re:

Securities Registered under Registration Statement on Form S-1

We have acted as counsel to you in connection with your filing of (i) a Registration Statement on Form S-1 (File No. 333-284352) (as amended or supplemented, the “Initial Registration Statement”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and (ii) a second Registration Statement on Form S-1 filed pursuant to Rule 462(b) promulgated under the Securities Act (the “462(b) Registration Statement,” and together with the Initial Registration Statement, the “Registration Statement”). This opinion letter is being furnished to you in connection with your filing of the 462(b) Registration Statement relating to the registration of the offering by Sionna Therapeutics, Inc., a Delaware corporation (the “Company”), of up to 2,029,409 shares (the “Shares”) of the Company’s Common Stock, $0.001 par value per share, including Shares purchasable by the underwriters upon their exercise of an over-allotment option granted to the underwriters by the Company. The Shares are being sold to the several underwriters named in, and pursuant to, an underwriting agreement among the Company and such underwriters (the “Underwriting Agreement”).

We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.

The opinion set forth below is limited to the Delaware General Corporation Law.

Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, when delivered and paid for in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and non-assessable.

This opinion letter and the opinion it contains shall be interpreted in accordance with the Core Opinion Principles as published in 74 Business Lawyer 815 (Summer 2019).

We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the 462(b) Registration Statement and to the references to our firm under the caption “Legal Matters” in the Initial Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

 

Very truly yours,

/s/ Goodwin Procter LLP

GOODWIN PROCTER LLP
EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this registration statement on Form S-1 of our report dated September 12, 2024 (February 3, 2025, as to the effects of the reverse stock split discussed in Note 16), relating to the financial statements of Sionna Therapeutics, Inc. appearing in registration statement No. 333-284352 on Form S-1 of Sionna Therapeutics, Inc. We also consent to the reference to us under the heading “Experts” in registration statement No. 333-284352 on Form S-1.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

February 6, 2025

EX-FILING FEES

Exhibit 107

Calculation of Filing Fee Table

Form S-1

(Form Type)

Sionna Therapeutics, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

 

                 
     Security
Type
 

Security

Class

Title

 

Fee

Calculation

or Carry

Forward

Rule

 

Amount

Registered

  Proposed
Maximum
Offering
Price Per
Unit
 

Proposed
Maximum

Aggregate

Offering
Price(1)(2)

 

Fee

Rate

 

Amount of

Registration Fee

 
NEWLY REGISTERED SECURITIES
                 

Fees to Be

Paid

  Equity   Common Stock, par value $0.001 per share   457(a)   2,029,409(1)   $18.00(1)   $36,529,362   0.00015310   $5,592.65
                 

Fees

Previously

Paid

               
 
CARRY FORWARD SECURITIES
                 

Carry

Forward

Securities

                 
           
    Total Offering Amounts     $36,529,362     $5,592.65
           
    Total Fees Previously Paid        
           
    Total Fee Offsets        
           
    Net Fee Due               $5,592.65(3)

 

(1) 

Represents only the additional number of shares being registered and includes 264,705 shares of common stock that the underwriters have the option to purchase. Does not include the securities that the Registrant previously registered on the Registration Statement on Form S-1 (File No. 333-284352), as amended (the “Prior Registration Statement”).

(2) 

Estimated solely for the purpose of computing the registration fee in accordance with Rule 457(a) under the Securities Act of 1933, as amended (the “Securities Act”).

(3) 

The registration fee is calculated in accordance with Rule 457(a) under the Securities Act based on the proposed maximum aggregate offering price. The Registrant previously registered securities on the Prior Registration Statement having a proposed maximum aggregate offering price of $182,647,044, which was declared effective by the Securities and Exchange Commission on February 6, 2025. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a proposed maximum aggregate offering price of $36,529,362 is hereby registered, which includes shares issuable upon the exercise of the underwriters’ option to purchase additional shares.