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S-1/A - FORM S-1/A - Dex Liquidating Co.crdc20140306b_s1a.htm

 

Mark B. Weeks

T: +1 650 843 5011

mweeks@cooley.com

EXHIBIT 5.1 

 

 

March 6, 2014

 

Cardica, Inc.

900 Saginaw Drive

Redwood City, CA 94063

 

RE:

Cardica, Inc.

 

Ladies and Gentlemen:

 

We have acted as counsel to Cardica, Inc., a Delaware corporation (the “Company”), and you have requested our opinion with respect to certain matters in connection with the offering by the Company, of up to $40,250,000 of shares (the “Shares”) of the Company’s common stock, par value $0.001 (the “Common Stock”), including up to $5,250,000 of shares of Common Stock that may be sold by the Company pursuant to the exercise of an option to purchase additional shares granted to the underwriters, pursuant to a Registration Statement on Form S-1 (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), and the related prospectus dated February 20, 2014 (the “Prospectus”). The Shares are to be sold by the Company as described in the Registration Statement and the Prospectus.

 

In connection with this opinion, we have examined and relied upon the Registration Statement and the Prospectus, the Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, each as currently in effect, and the originals or copies certified to our satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and authenticity of all documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies; the accuracy, completeness and authenticity of certificates of public officials. Further, for purposes of this opinion that assumed that no more than 60,641,246 Shares will be issued pursuant to the Registration Statement and Prospectus.

 

Our opinion is expressed only with respect to the federal laws of the United States of America and the General Corporation Law of the State of Delaware.

 

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Registration Statement and the Prospectus, will be validly issued, fully paid and nonassessable.

 

We consent to the reference to our firm under the caption “Legal Matters” in the Prospectus included in the Registration Statement and to the filing of this opinion as an exhibit to a current report of the Company on Form 8-K.

 

 

Five Palo Alto Square, 3000 El Camino Real, Palo Alto, CA 94306-2155 T: (650) 843-5000 F: (650) 849-7400 www.cooley.com

 
 

 
 

Cardica, Inc.

Page Two

 

 

Very truly yours,

 

Cooley LLP

 

 

By:      /s/ Mark B. Weeks                 

            Mark B. Weeks

 

 

 

 

 

 

 

 

 

Five Palo Alto Square, 3000 El Camino Real, Palo Alto, CA 94306-2155 T: (650) 843-5000 F: (650) 849-7400 www.cooley.com