Attached files

file filename
EX-10.1 - FORM OF SECURITIES PURCHASE AGREEMENT, DATED AS OF MARCH 4, 2020, BETWEEN THE CO - SenesTech, Inc.ea119372ex10-1_senestech.htm
EX-4.2 - FORM OF PLACEMENT AGENT WARRANT - SenesTech, Inc.ea119372ex4-2_senestech.htm
EX-4.1 - FORM OF WARRANT - SenesTech, Inc.ea119372ex4-1_senestech.htm
8-K - CURRENT REPORT - SenesTech, Inc.ea119372-8k_senestechinc.htm

Exhibit 5.1

 

March 6, 2020

 

SenesTech, Inc.

23460 N 19th Ave., Suite 110
Phoenix, AZ 85027

 

Re:SenesTech, Inc. – Registration Statement on Form S-3 (File No. 333- 225712)

 

Ladies and Gentlemen:

 

We have acted as counsel to SenesTech, Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations promulgated thereunder, of a registration statement on Form S-3 (File No. 333-225712) (the “Registration Statement”), including the prospectus which forms a part of the Registration Statement (the “Base Prospectus”), and the prospectus supplement dated March 6, 2020 filed with the Commission pursuant to Rule 424(b) under the Securities Act (the “Prospectus Supplement” and, together with the Base Prospectus, the “Prospectus”) with respect to the issuance and sale by the Company of (i) 176,372 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”). The Shares are being sold pursuant to the terms of a securities purchase agreement, dated March 4, 2020 by and between the Company and the institutional investor set forth on the signature page thereto (the “Purchase Agreement”).

 

In our capacity as counsel to the Company, we have examined the Registration Statement, the Prospectus, the Securities Purchase Agreement and such other documents, records and instruments as we have deemed necessary for the purposes of this opinion. As to matters of fact material to the opinions expressed herein, we have relied on (a) information in public authority documents (and all opinions based on public authority documents are as of the date of such public authority documents and not as of the date of this opinion letter), and (b) factual information provided in certificates of officers of the Company. We have not independently verified the facts so relied on.

 

In such examination, we have assumed the following without investigation: (a) the authenticity of original documents and the genuineness of all signatures; (b) the conformity to the originals of all documents submitted to us as copies; and (c) the truth, accuracy and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed.

 

Based upon the foregoing, it is our opinion that the Shares have been duly authorized by all necessary corporate action of the Company and, when issued and delivered in accordance with the terms of the Registration Statement, the Prospectus and the Purchase Agreement against payment of the consideration set forth therein, the Shares will be validly issued, fully paid and non-assessable.

 

 

 

 

SenesTech, Inc.
March 6, 2020
Page 2

 

The foregoing opinions are subject to the following exclusions and qualifications:

 

(a)       Our opinions are as of the date hereof, and we have no responsibility to update this opinion for events and circumstances occurring after the date hereof or as to facts relating to prior events that are subsequently brought to our attention. This opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, and we disavow any undertaking to advise you of any changes in law.

 

(b)       We express no opinion as to enforceability of any right or obligation to the extent such right or obligation is subject to and limited by (i) the effect of bankruptcy, insolvency, reorganization, receivership, conservatorship, arrangement, moratorium, fraudulent transfer or other laws affecting or relating to the rights of creditors generally; (ii) rules governing the availability of specific performance, injunctive relief or other equitable remedies and general principles of equity, regardless of whether arising prior to or after the date hereof or considered in a proceeding in equity or at law; or (iii) the effect of federal and state securities laws and principles of public policy on the rights of indemnity and contribution.

 

(c)       We do not express any opinions herein concerning any laws other than the laws in their current forms of the State of Delaware, the State of New York and the federal securities laws of the United States of America, and we express no opinion with respect to the laws of any other jurisdiction and expressly disclaim responsibility for advising you as to the effect, if any, that the laws of any other jurisdiction may have on the opinions set forth herein.

 

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Company’s Current Report on Form 8-K filed with the Commission on or about the date hereof, to the incorporation by reference of this opinion into the Registration Statement and any amendments thereto, including any and all post-effective amendments, and to the reference to us under the headings “Legal Matters” in the Prospectus. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or related rules and regulations of the Commission issued thereunder.

 

  Very truly yours,
   
  /s/ Perkins Coie LLP
  PERKINS COIE LLP