As filed with the Securities and Exchange Commission on March 27, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMS-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
Ambarella, Inc.
(Exact name of Registrant as specified in its charter)
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Cayman Islands | | 98-0459628 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification Number) |
3101 Jay Street
Santa Clara, CA 95054
(Address of principal executive offices, including zip code)
2012 Equity Incentive Plan
2012 Employee Stock Purchase Plan
(Full title of the plan)
Feng-Ming Wang
Chief Executive Officer
c/o Ambarella Corporation
3101 Jay Street
Santa Clara, CA 95054
(Name and address of agent for service)
(408)734-8888
(Telephone number, including area code, of agent for service)
Copies to:
Larry W. Sonsini
Herbert P. Fockler
Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, California 94304
(650)493-9300
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” or “emerging growth company” in Rule12b-2 of the Exchange Act.
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Large accelerated filer | | ☒ | | Accelerated filer | | ☐ |
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Non-accelerated filer | | ☐ | | Smaller reporting company | | ☐ |
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| | | | 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. ☐
CALCULATION OF REGISTRATION FEE
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Title 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 |
Ordinary shares, $0.00045 par value per share: | | | | | | | | |
—Reserved for issuance pursuant to the Amended and Restated 2012 Equity Incentive Plan | | 1,521,252 (2) | | $40.60 (4) | | $61,762,831.20 | | $8,016.82 |
—Reserved for issuance pursuant to the Amended and Restated 2012 Employee Stock Purchase Plan | | 422,570 (3) | | $34.51 (5) | | $14,582,890.70 | | $1,892.86 |
TOTAL: | | 1,943,822 | | | | $76,345,721.90 | | $9,909.68 |
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(1) | Pursuant to Rule 416(a) of the Securities Act of 1933, as amended, this Registration Statement shall also cover any additional ordinary shares of the Registrant that become issuable under the Amended and Restated 2012 Equity Incentive Plan (“2012 Plan”) and the Amended and Restated 2012 Employee Stock Purchase Plan (the “2012 ESPP”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant’s outstanding ordinary shares. |
(2) | Represents ordinary shares that were automatically added on February 1, 2020 to the ordinary shares reserved for issuance under the 2012 Plan pursuant to an “evergreen” provision contained in the 2012 Plan. Pursuant to such provision, on February 1st of each fiscal year, the number of ordinary shares reserved for issuance under the 2012 Plan is automatically increased by a number equal to the lesser of (i) 3,500,000 ordinary shares, (ii) four and one half percent (4.5%) of the aggregate number of ordinary shares outstanding on January 31st of the preceding fiscal year, or (iii) a lesser number of shares that may be determined by the Registrant’s Board of Directors. |
(3) | Represents ordinary shares that were automatically added on February 1, 2020 to the ordinary shares reserved for issuance under the 2012 ESPP pursuant to an “evergreen” provision contained in the 2012 ESPP. Pursuant to such provision, on February 1st of each fiscal year, the number of ordinary shares reserved for issuance under the 2012 ESPP is automatically increased by a number equal to the lesser of (i) 1,500,000 ordinary shares, (ii) one and one quarter percent (1.25%) of the aggregate number of ordinary shares outstanding on such date, or (iii) an amount determined by the Registrant’s Board of Directors or a duly authorized committee of the Board of Directors. |
(4) | Estimated in accordance with Rule 457(c) and (h) solely for purposes of calculating the registration fee on the basis of $40.60, the average of the high and low prices of the Registrant’s ordinary shares as reported on The NASDAQ Global Market on March 23, 2020. |
(5) | Estimated in accordance with Rule 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of 85% of $40.60, the average of the high and low prices of the Registrant’s ordinary shares as reported on The NASDAQ Global Market on March 23, 2020. Pursuant to the 2012 ESPP, the purchase price of the ordinary shares will be 85% of the lower of the fair market value of the ordinary shares on the first trading day of the offering period or on the last day of the offering period. |