Attached files

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EX-99.1 - PRESS RELEASE DATED JULY 16, 2020 - Inmune Bio, Inc.ea124233ex99-1_inmune.htm
EX-1.1 - UNDERWRITING AGREEMENT, DATED JULY 16, 2020, BY AND BETWEEN INMUNE BIO, INC. AND - Inmune Bio, Inc.ea124233ex1-1_inmune.htm
8-K - CURRENT REPORT - Inmune Bio, Inc.ea124233-8k_inmunebio.htm

Exhibit 5.1

 

 

July 16, 2020

 

INmune Bio, Inc.

1200 Prospect Street, Suite 525,

LaJolla, California 92037

 

Re: Common Stock registered under Registration Statement on Form S-3

 

Ladies and Gentlemen:

 

We have acted as counsel to INmune Bio Inc., a Nevada corporation (the “Company”), in connection with the Underwriting Agreement, dated July 16, 2020 (the “Underwriting Agreement”) by and between the Company and BTIG, LLC, as representative of the underwriters named therein relating to the sale by the Company of 2,173,914 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share.

 

This opinion is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933, as amended (the “Securities Act”).

 

In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of the following:

 

1. Certificate of Incorporation of the Company, as amended;

 

2. Bylaws of the Company, as amended;

 

3. The Underwriting Agreement;

 

4. Registration Statement on Form S-3 (Registration No. 333-237368) as filed by the Company with the Securities and Exchange Commission (the “Commission”) on March 24, 2020 (as such registration statement became effective on April 2, 2020, the “Registration Statement”) pursuant to the Securities Act;

 

5. The prospectus supplement filed with the Commission on July 15, 2020, pursuant to Rule 424(b)(5) promulgated under the Securities Act (the “Prospectus Supplement”), together with the base prospectus dated effective April 2, 2020 and

 

6. Written consent of the Board of Directors of the Company approving the Underwriting Agreement.

 

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.

  

In our examination, we have assumed the genuineness of all signatures, including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. In making our examination of executed documents, we have assumed (i) that the parties thereto, other than the Company, had the power, corporate or other, to enter into and perform all obligations thereunder and (ii) the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents, and the validity and binding effect thereof on such parties.

 

1185 Avenue of the Americas | 37th Floor | New York, NY | 10036

T (212) 930 9700 | F (212) 930 9725 | WWW.SRF.LAW

 

 

 

 

The opinion expressed below is limited to the federal securities laws of the United States of America and the corporate laws of the State of Nevada and we express no opinion as to the effect on the matters covered by the laws of any other jurisdiction.

 

Based upon and subject to the foregoing, we are of the opinion that when the Shares have been delivered pursuant to and as contemplated by the Underwriting Agreement, the Shares will be duly authorized, validly issued, fully paid and non-assessable.

 

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Company’s Current Report on Form 8-K being filed on the date hereof and incorporated by reference into the Registration Statement. We also hereby consent to the reference to our firm under the caption “Legal Matters” in the Prospectus Supplement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.

 

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