Attached files
file | filename |
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S-1MEF - FORM S-1MEF - CDTI ADVANCED MATERIALS, INC. | v59644m1sv1mef.htm |
EX-23.1 - EX-23.1 - CDTI ADVANCED MATERIALS, INC. | v59644m1exv23w1.htm |
Exhibit 5.1
Reed Smith LLP 101 Second Street Suite 1800 San Francisco, CA 94105-3659 +1 415 543 8700 Fax +1 415 391 8269 reedsmith.com |
June 28, 2011
Clean Diesel Technologies, Inc.
4567 Telephone Road, Suite 206
Ventura, CA 93003
4567 Telephone Road, Suite 206
Ventura, CA 93003
Ladies and Gentlemen:
We have acted as counsel to Clean Diesel Technologies, Inc., a Delaware corporation (the
Company), in connection with the preparation and filing on June 29, 2011 with the Securities and
Exchange Commission (the Commission) pursuant to Rule 462(b) under the Securities Act of 1933, as
amended (the Securities Act) of the Registration Statement on Form S-1 (the Abbreviated
Registration Statement) for the registration of an aggregate of 718,750 shares (the Additional
Shares) of the Companys common stock, $0.01 par value per share (the Common Stock). The
Additional Shares are being offered for sale together with the 2,415,000 shares of Common Stock
(the Initial Shares) previously registered pursuant to the Registration statement on Form S-1
(333-174680) of the Company that was declared effective by the Commission on June 28, 2011 (the
Initial Registration Statement). Of the Initial Shares and Additional Shares (collectively, the
Shares) (i) up to 3,053,750 Shares will be issued and sold by the Company, including up to
408,750 Shares issuable upon exercise of an over-allotment option granted by the Company (the
Company Shares) and (ii) 80,000 Shares (the Selling Stockholder Shares) will be sold by certain
stockholders of the Company (the Selling Stockholders). The Shares are to be sold by the Company
and the Selling Stockholders pursuant to an underwriting agreement (the Underwriting Agreement)
to be entered into by and among the Company, the Selling Stockholders and Roth Capital Partners,
LLC, as Representative of the several underwriters named therein, the form of which has been filed
as Exhibit 1.1 to the Initial Registration Statement.
In rendering the opinion set forth herein, we have examined originals or copies, certified or
otherwise identified to our satisfaction, of such documents, corporate records, certificates of
public officials and other instruments as we have deemed necessary or advisable.
Clean Diesel Technologies, Inc. June 29, 2011 Page 2 |
In such examination, we have assumed the genuineness of all signatures, the legal capacity of
natural persons, the authenticity of all items submitted to us as originals, the conformity with
originals of all items submitted to us as copies, and the authenticity of the originals of such
copies. As to any facts material to the opinions expressed herein that we did not independently
establish or verify, we have relied upon statements and representations of officers and other
representatives of the Company and public officials. Our opinion in clause (ii) below, insofar as
it relates to the Selling Stockholder Shares being fully paid, is based solely on a certificate of
the Chief Financial Officer of the Company confirming the Companys receipt of the consideration
called for by the applicable resolutions authorizing the issuance of such Selling Stockholder
Shares.
This opinion is based solely on the General Corporation Law of the State of Delaware
(including all related provisions of the Delaware Constitution and all reported judicial decisions
interpreting the General Corporation Law of the State of Delaware and the Delaware Constitution).
Based upon and subject to the foregoing, we are of the opinion that (i) the Company Shares
have been duly authorized for issuance and, when issued, delivered and paid for in accordance with
the terms of the Underwriting Agreement, the Company Shares will be validly issued, fully paid and
nonassessable, and (ii) the Selling Stockholder Shares have been duly authorized and are validly
issued, fully paid and nonassessable.
We consent to the inclusion of this opinion as an exhibit to the Abbreviated Registration
Statement and further consent to all references to us under the caption Legal Matters in the
Prospectus forming party of the Initial Registration Statement. In giving this 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 of the Commission.
Very truly yours,
/s/ Reed Smith LLP
Reed Smith LLP
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