As filed with the Securities and Exchange Commission on April 23, 2024.
Registration No. 333-278629
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________
AMENDMENT NO. 1 TO
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________________
Proficient Auto Logistics, Inc.
(Exact name of registrant as specified in its charter)
___________________________
Delaware |
7549 |
93-1869180 |
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(State or other jurisdiction of |
(Primary Standard Industrial |
(I.R.S. Employer |
c/o The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(415) 412-7448
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
___________________________
Ross Berner
Proficient Auto Logistics, Inc.
c/o The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(415) 412-7448
(Name, address, including zip code, and telephone number, including area code, of agent for service)
___________________________
Copies to:
Edward S. Best, Esq. |
Christopher D. Lueking Jonathan E. Sarna Latham & Watkins LLP 330 North Wabash Avenue, Suite 2800 Chicago, IL 60611 (312) 876-7700 |
___________________________
Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective.
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. ☐
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, 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 |
☐ |
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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. ☐
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY NOTE
Proficient Auto Logistics, Inc. is filing this Amendment No. 1 to its Registration Statement on Form S-1 (File No. 333-278629) (the Registration Statement) as an exhibits-only filing. Accordingly, this amendment consists only of the facing page, this explanatory note, Item 16 of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibits. The remainder of the Registration Statement is unchanged and has therefore been omitted.
Item 16. Exhibits and Financial Statement Schedules.
(a) Exhibits.
Exhibit No. |
Description |
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1.1 |
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3.1* |
Second Amended and Restated Certificate of Incorporation of the Registrant, as currently in effect. |
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3.2* |
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3.3 |
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3.4 |
Form of Amended and Restated Bylaws, to be in effect upon the completion of this offering. |
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4.1** |
Form of Common Stock Certificate. |
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4.2 |
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5.1** |
Opinion of Mayer Brown LLP. |
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10.1 |
Form of Indemnification Agreement, between the Company and its directors and officers. |
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10.2† |
Proficient Auto Logistics, Inc. 2024 Long-Term Incentive Plan, and forms of award agreements. |
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10.3† |
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10.4† |
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10.5† |
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10.6 |
Intentionally Omitted |
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10.7**† |
Executive Employment Agreement, dated as of , 2024, by and between Richard O’Dell and the Company. |
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10.8* |
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10.9* |
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10.10* |
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10.11* |
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10.12* |
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10.13* |
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10.14* |
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10.15* |
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10.16* |
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10.17* |
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10.18 |
Intentionally Omitted |
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10.19* |
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10.20 |
Intentionally Omitted |
II-1
Exhibit No. |
Description |
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21.1 |
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23.1* |
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23.2* |
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23.3* |
Consent of BKC, CPAs, PC, an independent public accounting firm for Delta Automotive Services, Inc. |
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23.4* |
Consent of BKC, CPAs, PC, an independent public accounting firm for Tribeca Automotive Inc. |
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23.5* |
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23.6* |
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23.7** |
Consent of Mayer Brown LLP (included in Exhibit 5.1). |
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99.1 |
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99.2 |
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99.3 |
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99.4 |
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99.5 |
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99.6 |
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99.7 |
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99.8 |
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107* |
____________
* Previously filed
** To be filed by amendment.
† Indicates management contract or compensatory plan.
II-2
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, in the City of Jacksonville, Florida on April 23, 2024.
Proficient Auto Logistics, Inc. |
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By: |
/s/ Ross Berner |
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Name: |
Ross Berner |
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Title: |
President |
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 and on the dates indicated.
Signature |
Title |
Date |
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/s/ Ross Berner |
President (Principal Executive Officer); |
April 23, 2024 |
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Ross Berner |
Director |
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/s/ Mark McKinney |
Secretary (Principal Financial and Accounting Officer); |
April 23, 2024 |
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Mark McKinney |
Director |
II-3