Form S-8 - Securities to be offered to employees in employee benefit plans

As filed with the Securities and Exchange Commission on August 14, 2024

Registration No. 333-   

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-8

REGISTRATION STATEMENT

Under

The Securities Act of 1933

 

 

OUSTER, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		86-2528989
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

350 Treat Avenue

San Francisco, CA 94110 [phone]

(Address, including zip code and telephone number, including area code, of Registrant’s Principal Executive Offices)

Ouster, Inc. Amended & Restated 2022 Employee Stock Purchase Plan

(Full title of the plan)

Megan Chung

General Counsel and Corporate Secretary

350 Treat Avenue

San Francisco, CA 94110

(Name and address of agent for service)

[phone]

(Telephone number, including area code, of agent for service)

Copies to:

Drew Capurro

Latham & Watkins LLP

650 Town Center Drive, 20th Floor

Costa Mesa, CA 92626

[phone]

 

 

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. ☐

 

 

 

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EXPLANATORY NOTE

This Registration Statement on Form S-8 is being filed with the Securities and Exchange Commission (the “Commission”) for the purpose of registering an additional 2,000,000 shares of Ouster, Inc. (the “Company”) common stock, par value $0.0001 per share (the “Common Stock”) issuable under the Company’s 2022 Employee Stock Purchase Plan (as amended and restated, the “2022 ESPP”) for which a registration statement of the Company on Form S-8 (File No. 333-266141) is effective.

Pursuant to General Instruction E of Form S-8, the contents of the above-referenced prior registration statement on Form S-8, File No. 333-266141, previously filed with respect to the 2022 ESPP, 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.

 

Item 3.

Incorporation of Documents by Reference.

The following documents, which have been filed by the Company with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated by reference in, and shall be deemed to be a part of, this Registration Statement:

 

a)

the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Commission on March 28, 2024;

 

b)

the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the Commission on May 13, 2024;

 

c)

the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the Commission on August 13, 2024;

 

d)

the Company’s Definitive Proxy Statement on Schedule 14A for the Company’s 2024 Annual Meeting of Stockholders, filed with the Commission on April 25, 2024;

 

e)

the Company’s Current Report on Form 8-K, filed with the Commission on June 25, 2024;

 

f)

the Company’s Current Report on Form 8-K, filed with the Commission on April 22, 2024;

 

g)

the Company’s Current Report on Form 8-K, filed with the Commission on March 14, 2024; and

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h)

the description of the Company’s shares of Common Stock contained in the Company’s Registration Statement on Form 8-A12B, filed with the Commission on August 19, 2020, as updated in the exhibit titled “Description of Our Securities” filed as Exhibit 4.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Commission on March 28, 2024, as well as any additional amendments or reports filed for the purpose of updating such description.

All reports and other documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered pursuant to this Registration Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents or reports.

For purposes of this Registration Statement, any document or any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded to the extent that a subsequently filed document or a statement contained therein, or in any other subsequently filed document which also is or is deemed to be incorporated by reference, modifies or supersedes such document or such statement in such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

 

Item 8.

Exhibits.

 

Exhibit Number		Exhibit Description		Form				File Number				Filing Date				Incorporated by Reference Exhibit				Filed Herewith
4.1		Certificate of Incorporation of Ouster, Inc.			S-4 POS				333-251611				3-10-2021				3.1
4.2		Certificate of Amendment to Certificate of Incorporation of Ouster, Inc.			8-K				001-39463				4-20-2023				3.1
4.3		Second Amended and Restated Bylaws of Ouster, Inc. (effective as of April 18, 2024).			8-K				001-39463				4-22-2024				3.1
5.1		Opinion of Latham & Watkins LLP.																			*
23.1		Consent of PricewaterhouseCoopers LLP.																			*
23.2		Consent of Latham & Watkins LLP (included in Exhibit 5.1).																			*
24.1		Power of Attorney (included on the signature page of the Registration Statement).																			*
99.1		Ouster, Inc. Amended and Restated 2022 Employee Stock Purchase Plan.			DEF 14A				001-39463				04-25-2024				Annex A
107.1		Filing Fee Table.																			*

 

*	Filed herewith.

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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 San Francisco, State of California, on this 14^th day of August, 2024.

 

OUSTER, INC.
By		/s/ Mark Weinswig
		Mark Weinswig
		Chief Financial Officer

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SIGNATURES AND POWER OF ATTORNEY

We, the undersigned officers and directors of Ouster, Inc., hereby severally constitute and appoint Angus Pacala, Mark Weinswig and Megan Chung, and each of them singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him or her and in his or her name, place and stead, and in any and all capacities, to sign this registration statement and any and all amendments (including post-effective amendments) to this registration statement and all documents relating thereto, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as full to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his or her substitute or substitutes, 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 held on the dates indicated.

 

Signature		Title		Date
/s/ Angus Pacala		Director, Co-Founder and Chief Executive Officer (Principal Executive Officer)		August 14, 2024
Angus Pacala
/s/ Mark Weinswig		Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)		August 14, 2024
Mark Weinswig
/s/ Theodore L. Tewksbury, Ph.D.		Chair of the Board of Directors		August 14, 2024
Theodore L. Tewksbury, Ph.D.
/s/ Susan Heystee		Vice Chair of the Board of Directors		August 14, 2024
Susan Heystee
/s/ Virginia Boulet		Director		August 14, 2024
Virginia Boulet
/s/ Ernest Maddock		Director		August 14, 2024
Ernest Maddock
/s/ Karin Rådström		Director		August 14, 2024
Karin Rådström
/s/ Kristin Slanina		Director		August 14, 2024
Kristin Slanina
/s/ Riaz Valani		Director		August 14, 2024
Riaz Valani

 

Exhibit 5.1

 

		650 Town Center Drive, 20th Floor
		Costa Mesa, California 92626-1925
		Tel: [phone] Fax: [phone]
		www.lw.com
		FIRM / AFFILIATE OFFICES
		Austin		Milan
		Beijing		Munich
		Boston		New York
		Brussels		Orange County
		Century City		Paris
		Chicago		Riyadh
		Dubai		San Diego
August 14, 2024		Düsseldorf		San Francisco
		Frankfurt		Seoul
		Hamburg		Silicon Valley
		Hong Kong		Singapore
		Houston		Tel Aviv
Ouster, Inc.		London		Tokyo
350 Treat Avenue		Los Angeles		Washington, D.C.
San Francisco, California 94110		Madrid

Re: Registration Statement on Form S-8; 2,000,000 shares of Ouster, Inc. Common Stock, par value $0.0001 per share

To the addressee set forth above:

We have acted as special counsel to Ouster, Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of an aggregate of 2,000,000 shares of its common stock, $0.0001 par value per share (the “Shares”), issuable under the Company’s Amended and Restated 2022 Employee Stock Purchase Plan (the “Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on August 14, 2024 (the “Registration Statement”).

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 related prospectuses, 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 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 as to the General Corporation Law of the State of Delaware (the “DGCL”) and we express no opinion with respect to any other laws.

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August 14, 2024

Page 2

 

 

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 Plan, and assuming in each case that the individual issuances, grants or awards under the Plan 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 Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issuance 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 as 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

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Ouster Inc. of our report dated March 28, 2024, relating to the financial statements, which appears in Ouster Inc.’s Annual Report on Form 10-K for the year ended December 31, 2023.

/s/ PricewaterhouseCoopers LLP

San Jose, CA

August 14, 2024

 

1

Exhibit 107.1

Calculation of Filing Fee Tables

Form S-8

(Form Type)

Ouster, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1—Newly Registered Securities

 

Security Type

Security Class Title

Fee Calculation Rule

Amount to be Registered (1)

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Equity

Common stock, $0.0001 par value per share

Rule 457(c) and Rule 457(h)

2,000,000 (2)

$10.45 (3)

$20,900,000

$147.60 per  $1,000,000

$3,084.84

Total Offering Amounts

$20,900,000

$3,084.84

Total Fee Offsets (4)

$0

Net Fee Due

$3,084.84

 

(1)

In accordance with Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall be deemed to cover any additional securities that may from time to time be offered or issued under the Ouster, Inc. 2022 Employee Stock Purchase Plan (as amended and restated, the “2022 ESPP”) to prevent dilution resulting from stock splits, stock dividends or similar transactions.

 

(2)	Consists of 2,000,000 shares of the Company’s common stock (“Common Stock”) issuable under the 2022 ESPP pursuant to its terms.

 

(3)	Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) of the Securities Act and based upon the average of the high and low prices of the Company’s Common Stock as reported on the New York Stock Exchange on August 9, 2024.

 

(4)	The Company does not have any fee offsets.

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