Attached files

file filename
EX-99.2 - POLARITYTE, INC.ex99-2.htm
EX-99.1 - POLARITYTE, INC.ex99-1.htm
EX-1.1 - POLARITYTE, INC.ex1-1.htm
8-K - POLARITYTE, INC.form8-k.htm

 

 

April 12, 2018

 

PolarityTE, Inc.

1960 S 4250 W

Salt Lake City, UT 84104

 

Re: PolarityTE, Inc.

 

Ladies and Gentlemen:

 

We have acted as special counsel for PolarityTE, Inc., a Delaware corporation (the “Company”), in connection with the proposed issuance of up to 2,335,937 shares of common stock, $0.001 par value per share (the “Common Stock”), including up to 304,687 shares of Common Stock issuable upon exercise of the underwriters’ option to purchase additional shares of Common Stock (the “Shares”). The Shares are included in a registration statement on Form S–3 under the Securities Act of 1933, as amended (the “Act”), initially filed with the Securities and Exchange Commission (the “Commission”) on July 7, 2017, as amended March 14, 2018 and March 26, 2018, and declared effective on March 28, 2018 (Registration No. 333–219202) (as so filed and as amended, the “Registration Statement”), a base prospectus dated March 28, 2018 included in the Registration Statement (the “Base Prospectus”), a preliminary prospectus supplement dated April 11, 2018 filed with the Commission pursuant to Rule 424(b) under the Act (together with the Base Prospectus, the “Preliminary Prospectus”) and a final prospectus dated April 12, 2018 (together with the Base Prospectus, the “Prospectus”). The Shares are being sold pursuant to an underwriting agreement dated April 12, 2018 by and between Cantor Fitzgerald & Co. and the Company (the “Underwriting Agreement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement, the Preliminary Prospectus or the Prospectus, other than as expressly stated herein with respect to the issue of the Shares.

 

We understand that the Shares are to be sold, as described in the Registration Statement, the Preliminary Prospectus and the Prospectus, pursuant to the Underwriting Agreement filed as Exhibit 1.1 to the Current Report on Form 8-K to which this opinion is attached as Exhibit 5.1.

 

In connection with this opinion, we have examined the Registration Statement, Base Prospectus, the Preliminary Prospectus and the Prospectus. We also have examined such corporate records, certificates and other documents and such questions of law as we have considered necessary or appropriate for the purpose of this opinion. We have assumed: (A) the genuineness and authenticity of all documents submitted to us as originals and (B) the conformity to originals of all documents submitted to us as copies thereof. As to certain factual matters, we have relied upon certificates of officers of the Company and have not sought independently to verify such matters.

 

Based on the foregoing, and subject to the assumptions, limitations and qualifications set forth herein, we are of the opinion that the issuance and sale of the Shares have been duly authorized and, when issued and sold in the manner described in the Registration Statement, the Base Prospectus, the Preliminary Prospectus and the Prospectus and in accordance with the terms and conditions of the Underwriting Agreement, the Shares will be validly issued, fully paid and non-assessable.

 

We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Company’s Current Report on Form 8-K dated April 11, 2018 and to the references to our firm therein and in the Preliminary Prospectus and the Prospectus under the caption “Legal Matters.” In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

 

  Very truly yours,
   
  /s/ Sichenzia Ross Ference Kesner LLP
  Sichenzia Ross Ference Kesner LLP