tm243190-6_10-12b - none

As filed with the Securities and Exchange Commission on April 25, 2024.

File No.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10

GENERAL FORM FOR REGISTRATION OF SECURITIES
Pursuant to Section 12(b) or (g) of
The Securities Exchange Act of 1934

Inhibrx Biosciences, Inc.
(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of
incorporation or organization)

11025 N. Torrey Pines Road, Suite 140
La Jolla, California

(Address of principal executive offices)

99-0613523

(I.R.S. Employer
Identification No.)

92037

(Zip Code)

(858) 795-4220

(Registrant’s telephone number, including area code)

Securities to be registered pursuant to Section 12(b) of the Act:

	Title of each class to be so registered			Name of each exchange on which each class is to be registered
	Common stock, par value $0.0001 per share			The Nasdaq Stock Market LLC

Securities to be registered pursuant to Section 12(g) of the Act: None

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 13(a) of the Exchange Act. ☒

INFORMATION REQUIRED IN REGISTRATION STATEMENT CROSS REFERENCE SHEET BETWEEN ITEMS OF FORM 10 AND THE ATTACHED INFORMATION STATEMENT.

Certain information required to be included herein is incorporated by reference to specifically identified portions of the body of the information statement filed herewith as Exhibit 99.1 (the “Information Statement”). None of the information contained in the Information Statement shall be incorporated by reference herein or deemed to be a part hereof unless such information is specifically incorporated by reference.

Item 1. Business.

The information required by this item is contained under the sections “Information Statement Summary,” “Business” and “Where You Can Find More Information” of the Information Statement. Those sections are incorporated herein by reference.

Item 1A. Risk Factors.

The information required by this item is contained under the sections “Information Statement Summary — Summary of Risk Factors” and “Risk Factors” in the Information Statement. Those sections are incorporated herein by reference.

Item 2. Financial Information.

The information required by this item is contained under the sections “Capitalization,” “Unaudited Pro Forma Condensed Consolidated Financial Statements,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations of Inhibrx, Inc.,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations of Inhibrx Biosciences (A Business of Inhibrx, Inc.) (Supplemental)” and “Index to Financial Statements” and the financial statements referenced therein of the Information Statement. Those sections are incorporated herein by reference.

Item 3. Properties.

The information required by this item is contained under the section “Business — Properties” of the Information Statement. That section is incorporated herein by reference.

Item 4. Security Ownership of Certain Beneficial Owners and Management.

The information required by this item is contained under the section “Principal Stockholders” of the Information Statement. That section is incorporated herein by reference.

Item 5. Directors and Executive Officers.

The information required by this item is contained under the section “Corporate Governance and Management” of the Information Statement. That section is incorporated herein by reference.

Item 6. Executive Compensation.

The information required by this item is contained under the sections “Director Compensation” and “Executive Compensation” of the Information Statement. Those sections are incorporated herein by reference.

Item 7. Certain Relationships and Related Transactions, and Director Independence.

The information required by this item is contained under the sections “Certain Relationships and Related Party Transactions,” “Principal Stockholders” and “Corporate Governance and Management — Director Independence” of the Information Statement. Those sections are incorporated herein by reference.

Item 8. Legal Proceedings.

The information required by this item is contained under the sections “Business — Legal Proceedings,” “Index to Financial Statements — Inhibrx, Inc. Notes to Consolidated Financial Statements — Note 9, Commitments and Contingencies — Litigation” and “Index to Financial Statements — Inhibrx Biosciences (A Business of Inhibrx, Inc.) (Supplemental) Notes to Combined Financial Statements — Note 9, Commitments and Contingencies — Litigation” of the Information Statement. Those sections are incorporated herein by reference.

Item 9.

Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters.

The information required by this item is contained under the sections “Questions and Answers About the Separation and Distribution,” “Information Statement Summary,” “Risk Factors,” “The Separation and Distribution,” “Dividend Policy,” “Corporate Governance and Management,” “Shares Eligible for Future Sale” and “Description of Our Capital Stock” of the Information Statement. Those sections are incorporated herein by reference.

Item 10.

Recent Sales of Unregistered Securities.

Inhibrx Biosciences, Inc., the registrant, was incorporated on January 8, 2024 under the laws of the State of Delaware under the name Ibex SpinCo, Inc. On January 8, 2024, Inhibrx, Inc. acquired 100 shares of common stock of the registrant for a nominal capital contribution.

Item 11.

Description of Registrant’s Securities to be Registered.

The information required by this item is contained under the sections “Questions and Answers About the Separation and Distribution,” “The Separation and Distribution” and “Description of Our Capital Stock” of the Information Statement. Those sections are incorporated herein by reference.

Item 12.

Indemnification of Directors and Officers.

The information required by this item is contained under the section “Indemnification of Directors and Officers” of the Information Statement. That section is incorporated herein by reference.

Item 13.

Financial Statements and Supplementary Data.

The information required by this item is contained under the sections “Unaudited Pro Forma Condensed Consolidated Financial Statements” and “Index to Financial Statements” and the financial statements referenced therein of this Information Statement. Those sections are incorporated herein by reference.

Item 14.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

Item 15.

Financial Statements and Exhibits.

(a) Financial Statements

The information required by this item is contained under the section “Index to Financial Statements” beginning on page F-1 of the Information Statement. That section is incorporated herein by reference.

Exhibit			Description
10.15†			License Agreement, dated July 1, 2013, by and between INBRX 103, LLC and Celgene Corporation (incorporated by reference to Exhibit 10.11 of Inhibrx, Inc.’s Form S-1 (File No. 333-231907) filed on June 3, 2019).
10.16			Amendment to License Agreement, dated November 23, 2018, by and among INBRX 103, LLC, Celgene Corporation and Inhibrx, Inc. (incorporated by reference to Exhibit 10.12 of Inhibrx, Inc.’s Form S-1 (File No. 333-231907) filed on June 3, 2019).
21.1			List of Subsidiaries (incorporated by reference to Exhibit 21.1 of Inhibrx, Inc.'s Form S-1 (File No. 333-231907) filed on June 3, 2019).
99.1			Preliminary Information Statement.
99.2			Form of Notice of Internet Availability of Information Statement Materials.

To be filed by amendment.

Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally to the SEC a copy of any omitted exhibits or schedules upon request. Pursuant to Item 601(a)(6) of Regulation S-K, certain information from this exhibit have been redacted as their disclosure would constitute a clearly unwarranted invasion of personal privacy.

†

Pursuant to Item 601(b)(10) of Regulation S-K, certain confidential portions of this exhibit have been omitted by means of marking such portions with asterisks as the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed.

Exhibit			Description
2.1^			Agreement and Plan of Merger, dated January 22, 2024, by and among Inhibrx, Inc., Aventis, Inc. and Art Acquisition Sub, Inc. (incorporated by reference to Exhibit 2.1 of Inhibrx, Inc.’s Current Report on Form 8-K (File No. 001-39452) filed on January 23, 2024).
2.2^			Separation and Distribution Agreement, dated January 22, 2024, by and among Inhibrx, Inc., the registrant and Aventis Inc. (incorporated by reference to Exhibit 2.2 of Inhibrx, Inc.’s Current Report on Form 8-K (File No. 001-39452) filed on January 23, 2024).
3.1			Form of Certificate of Incorporation of the registrant.
3.2			Form of Bylaws of the registrant.
4.1			Form of Warrant to Purchase Stock.
10.1			Form of Transition Services Agreement, by and between Inhibrx, Inc. and the registrant.
10.2			Form of Indemnification Agreement.
10.3^			Form of Registration Rights Agreement, by and among the registrant and the holders of the registrant’s warrants.
10.4			Third Amended and Restated Executive Employment Agreement, effective as of January 1, 2023, by and between Inhibrx, Inc. and Mark Lappe (incorporated by reference to Exhibit 10.2 of Inhibrx, Inc.’s Quarterly Report on Form 10-Q (File No. 001-39452) filed on November 7, 2022).
10.5			Second Amended and Restated Executive Employment Agreement, effective as of January 1, 2022, by and between Inhibrx, Inc. and Brendan Eckelman, Ph.D. (incorporated by reference to Exhibit 10.4 of Inhibrx, Inc.’s Quarterly Report on Form 10-Q (File No. 001-39452) filed on November 9, 2021).
10.6			Second Amended and Restated Executive Employment Agreement, effective as of January 1, 2023, by and between Inhibrx, Inc. and Kelly Deck (incorporated by reference to Exhibit 10.3 of Inhibrx, Inc.’s Quarterly Report on Form 10-Q (File No. 001-39452) filed on November 7, 2022).
10.7			Form of Employment Agreement Assignment Letter by and between the registrant and Mark Lappe.
10.8			Form of Employment Agreement Assignment Letter by and between the registrant and Brendan Eckelman, Ph.D.
10.9			Form of Employment Agreement Assignment Letter by and between the registrant and Kelly Deck.
10.10			2024 Omnibus Incentive Plan.
10.11			Form of Stock Option Grant Notice under the 2024 Omnibus Incentive Plan.
10.12			Form of Restricted Stock Unit Agreement under the 2024 Omnibus Incentive Plan.
10.13†			License Agreement, dated December 20, 2018, by and between Inhibrx, Inc. and bluebird bio, Inc. (incorporated by reference to Exhibit 10.18 of Inhibrx, Inc.’s Form S-1 (File No. 333-231907) filed on June 3, 2019).
10.14†			Option and License Agreement, dated June 9, 2020, by and between Inhibrx, Inc. and bluebird bio, Inc. (incorporated by reference to Exhibit 10.27 of Inhibrx, Inc.’s Form S-1 (File No. 333-240135) filed on July 28, 2020).