Attached files
file | filename |
---|---|
EX-10.7 - EX-10.7 - AVADIM HEALTH, INC. | d795932dex107.htm |
EX-23.1 - EX-23.1 - AVADIM HEALTH, INC. | d795932dex231.htm |
EX-10.12 - EX-10.12 - AVADIM HEALTH, INC. | d795932dex1012.htm |
EX-10.1 - EX-10.1 - AVADIM HEALTH, INC. | d795932dex101.htm |
EX-4.9 - EX-4.9 - AVADIM HEALTH, INC. | d795932dex49.htm |
EX-4.8 - EX-4.8 - AVADIM HEALTH, INC. | d795932dex48.htm |
EX-4.1 - EX-4.1 - AVADIM HEALTH, INC. | d795932dex41.htm |
EX-3.5 - EX-3.5 - AVADIM HEALTH, INC. | d795932dex35.htm |
EX-3.4 - EX-3.4 - AVADIM HEALTH, INC. | d795932dex34.htm |
EX-3.3 - EX-3.3 - AVADIM HEALTH, INC. | d795932dex33.htm |
EX-1.1 - EX-1.1 - AVADIM HEALTH, INC. | d795932dex11.htm |
S-1/A - S-1/A - AVADIM HEALTH, INC. | d795932ds1a.htm |
Exhibit 5.1
Yvan-Claude Pierre
+1 212 479 6721
ypierre@cooley.com
January 17, 2020
Avadim Health, Inc.
81 Thompson Street
Asheville, NC 28803
(828) 251-7111
Ladies and Gentlemen:
We have represented Avadim Health, Inc., a Delaware corporation (the Company), in connection with the filing by the Company of a Registration Statement (No. 333-235779) on Form S-1 (the Registration Statement) with the Securities and Exchange Commission, including a related prospectus filed with the Registration Statement (the Prospectus), covering an underwritten public offering of up to 5,750,000 shares of the Companys common stock, par value $0.001 per share (the Shares), which includes up to 750,000 shares that may be sold pursuant to the exercise of an option to purchase additional shares.
In connection with this opinion, we have (i) examined and relied upon (a) the Registration Statement and the Prospectus, (b) the Companys Amended and Restated Certificate of Incorporation, as amended, and Bylaws, each as currently in effect, (c) the forms of the Companys Second Amended and Restated Certificate of Incorporation and the Companys Amended and Restated Bylaws, filed as Exhibits 3.4 and 3.5 to the Registration Statement, respectively, each of which is to be in effect upon the closing of the offering contemplated by the Registration Statement and (d) 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, and (ii) assumed that the Shares will be sold at a price established by the Board of Directors of the Company, or a duly authorized committee thereof. We have undertaken no independent verification with respect to such matters. 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 and the due execution and delivery of all documents by all persons other than the Company where due execution and delivery are a prerequisite to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not sought independently to verify such matters.
Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued against payment therefor as described in the Registration Statement and the Prospectus, will be validly issued, fully paid and non-assessable.
Cooley LLP 55 Hudson Yards New York, NY 10001
t: (212) 479-6000 cooley.com
Avadim Health, Inc.
January 17, 2020
Page Two
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 the Registration Statement.
Sincerely,
Cooley LLP
By: | /s/ Yvan-Claude Pierre | |
Yvan-Claude Pierre |
Cooley LLP 55 Hudson Yards New York, NY 10001
t: (212) 479-6000 cooley.com