As filed with the Securities and Exchange Commission on August 11, 2023
Registration No. 333-265168
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM S-3
POST-EFFECTIVE AMENDMENT NO. 1
TO
REGISTRATION STATEMENT NO. 333-265168
UNDER
THE SECURITIES ACT OF 1933
CHINOOK THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 94-3348934 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
400 Fairview Avenue North, Suite 900
Seattle, WA 98109
(206) 485-7241
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Karen L. Hale
Novartis AG
Lichtstrasse 35
4056 Basel
Switzerland
+41 61 324 1111
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Joseph Gilligan
Mahvesh Qureshi
Gabrielle Witt
Katherine Keeley
Hogan Lovells US LLP
555 13th Street NW
Washington, DC 20004
(202) 637-5600
Approximate date of commencement of proposed sale to the public: Not applicable
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
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, other than securities offered only in connection with dividend or interest reinvestment plans, 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. ☐
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 registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 431(b) under the Securities Act, check the following box. ☐
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. ☐
EXPLANATORY NOTE DEREGISTRATION OF SECURITIES
This Post-Effective Amendment (the Post-Effective Amendment) relates to the Automatic Shelf Registration Statement No. 333-265168 (the Registration Statement) of Chinook Therapeutics, Inc. (the Company) on Form S-3, filed with the U.S. Securities and Exchange Commission on May 24, 2022, registering an indeterminate number of shares of common stock, par value $0.0001 per share (the Common Stock), an indeterminate number of shares of preferred stock, par value $0.0001 per share, an indeterminate principal amount of debt securities, an indeterminate number of warrants to purchase Common Stock, preferred stock, debt securities or any combination thereof, an indeterminate number of subscription rights to purchase Common Stock, preferred stock or debt securities and an indeterminate number of units consisting of such securities of the Company.
On August 11, 2023 (the Effective Time), the Company completed the merger contemplated by the Agreement and Plan of Merger (the Merger Agreement), dated as of June 11, 2023, among the Company, Novartis AG (Novartis) and Cherry Merger Sub Inc., an indirect wholly owned subsidiary of Novartis (Merger Sub). Pursuant to the Merger Agreement, Merger Sub was merged with and into the Company (the Merger), with the Company surviving the Merger as an indirect wholly owned subsidiary of Novartis. Upon consummation of the Merger, at the Effective Time, each outstanding share of Common Stock of the Company (other than shares owned by the Company, Novartis, Merger Sub or certain of their respective subsidiaries (which shares were canceled) and shares with respect to which appraisal rights were property exercised and not withdrawn under Delaware law) was automatically converted into the right to receive (i) $40.00 in cash, without interest and less any applicable withholding taxes, and (ii) one contractual contingent value right pursuant to the Contingent Value Rights Agreement, dated August 11, 2023, by and between Novartis and Computershare Inc. and Computershare Trust Company, N.A., acting jointly as rights agent.
As a result of the Merger, the Company has terminated any and all offerings of its securities pursuant to the Registration Statement. Accordingly, the Company hereby terminates the effectiveness of the Registration Statement and, in accordance with any undertaking made by the Company in the Registration Statement to remove from registration, by means of a post-effective amendment, any and all securities that had been registered for issuance but remain unsold at the termination of the offering, removes from registration any and all securities of the Company that were registered under the Registration Statement and remain unsold at the termination of the offerings. The Registration Statement is hereby amended, as appropriate, to reflect the deregistration of such securities.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Seattle, State of Washington on August 11, 2023.
CHINOOK THERAPEUTICS, INC. | ||
By: | /s/ Eduard Marti | |
Name: | Eduard Marti | |
Title: | Vice President |
Note: No other person is required to sign this Post-Effective Amendment to the Registration Statement on Form S-3 in reliance upon Rule 478 under the Securities Act of 1933, as amended.