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EX-23.1 - EX-23.1 - FIGS, Inc.d190164dex231.htm

As filed with the Securities and Exchange Commission on May 26, 2021

File No. 333-                  

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM S-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

FIGS, Inc.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   2300   46-2005653

(State or other jurisdiction of

incorporation or organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification Number)

2834 Colorado Avenue, Suite 100

Santa Monica, California 90404

(424) 300-8330

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

 

 

Heather Hasson

Trina Spear

Co- Chief Executive Officers

FIGS, Inc.

2834 Colorado Avenue, Suite 100

Santa Monica, California 90404

(424) 500-8209

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

 

 

Copies to:

 

Marc D. Jaffe   Jeffrey D. Lawrence   Dave Peinsipp
Ian D. Schuman   Chief Financial Officer   Charles S. Kim
Alison A. Haggerty   FIGS, Inc.   Kristin VanderPas
Latham & Watkins LLP   2834 Colorado Avenue, Suite 100   Dave Young
1271 Avenue of the Americas   Santa Monica, California 90404   Cooley LLP
New York, New York 10020   (424) 500-8209   101 California Street, 5th Floor
(212) 906-1200     San Francisco, California 94111
    (415) 693-2000

 

 

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. ☒ (File No. 333-255797)

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 to Section 7(a)(2)(B) of the Securities Act.  ☐

 

 

 


CALCULATION OF REGISTRATION FEE

 

Title of each class of

securities to be registered

 

Amount

to be

registered(1)

 

Proposed

maximum

offering price

per share

 

Proposed

maximum

aggregate

offering price

 

Amount of

registration fee(2)

Class A Common Stock, $0.0001 par value per share

  4,469,317   $22.00   $98,324,974   $10,728

 

 

(1)

Represents only the additional number of shares of Class A common stock being registered, and includes 582,954 additional shares of Class A 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, as amended (File No. 333-255797).

(2)

The registration fee is calculated in accordance with Rule 457(a) under the Securities Act of 1933, as amended, based on the proposed maximum aggregate offering price. The Registrant previously paid a filing fee of $53,637 for the Registration Statement on Form S-1, as amended (File No. 333-255797), which was declared effective on May 26, 2021. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a proposed maximum aggregate offering price of $98,324,974 are hereby registered, which includes the additional shares that the underwriters have the option to purchase.

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


EXPLANATORY NOTE AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE

This Registration Statement is being filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended. This registration statement relates to the registrant’s prior Registration Statement on Form S-1 (File No. 333-255797), initially filed by FIGS, Inc. with the Securities and Exchange Commission (the “Commission”) on May 5, 2021, as amended (together with its exhibits the “Prior Registration Statement”), which was declared effective by the Commission on May 26, 2021. The Prior Registration Statement is incorporated herein by reference.

The registrant is filing this registration statement for the sole purpose of registering the sale of an additional 4,469,317 shares of Class A common stock, which includes 582,954 shares of Class A Common stock that may be sold pursuant to the underwriters’ option to purchase additional shares. The additional shares that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Prior Registration Statement.

The required opinion and consents are listed in Part II, Item 16 of this Registration Statement and filed herewith.

 


PART II

Information Not Required in Prospectus

Item 16. Exhibits

The following documents are filed as exhibits to this Registration Statement, and all other exhibits previously filed as exhibits to the Registrant’s Registration Statement on Form S-1, as amended (File No. 333-255797), are incorporated by reference into, and shall be deemed to be a part of, this filing.

 

Exhibit No.   Description
  5.1   Opinion of Latham & Watkins LLP (incorporated by reference to Exhibit 5.1 filed with the Prior Registration Statement on May  25, 2021)
23.1   Consent of Ernst & Young, LLP
23.2   Consent of Latham & Watkins LLP (included in Exhibit 5.1)
24.1(1)   Power of Attorney

 

(1)

Previously filed on the signature page to the Registrant’s Registration Statement on Form S-1, as amended (File No. 333-255797), filed with the Securities and Exchange Commission on May 5, 2021 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 to be signed on its behalf by the undersigned, thereunto duly authorized, Santa Monica, State of California on this 26th day of May 2021.

 

FIGS, Inc.

By:   /s/ Catherine Spear
 

Catherine Spear

Co-Chief Executive Officer and Director

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/ Catherine Spear

Catherine Spear

  

Co-Chief Executive Officer and Director

(Co-Principal Executive Officer)

   May 26, 2021

/s/ Heather Hasson

Heather Hasson

  

Co-Chief Executive Officer and Director

(Co-Principal Executive Officer)

   May 26, 2021

/s/ Jeffrey D. Lawrence

Jeffrey D. Lawrence

  

Chief Financial Officer

(Principal Financial and Accounting Officer)

   May 26, 2021

/s/ Shiela Antrum

Sheila Antrum

   Director    May 26, 2021

/s/ Michael Soenen

Michael Soenen

   Director    May 26, 2021

/s/ Christopher Varelas

Christopher Varelas

   Director    May 26, 2021

*

J. Martin Willhite

   Director    May 26, 2021

 

*By:   /s/ Catherine Spear
 

Catherine Spear

Attorney-in-Fact