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    SEC Form S-8 filed by Remitly Global Inc.

    2/19/25 4:23:29 PM ET
    $RELY
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    S-8 1 dp225022_s8.htm FORM S-8

     

    As filed with the Securities and Exchange Commission on February 19, 2025

     

    Registration No. 333-

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM S-8

    REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

     

     

    REMITLY GLOBAL, INC.

    (Exact name of registrant as specified in its charter)

     

     
         
    Delaware   83-2301143

    (State or other jurisdiction

    of incorporation or organization)

     

    (I.R.S. Employer

    Identification No.)

     

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

     

    (Address of Principal Executive Offices) (Zip Code)

     

    Remitly Global, Inc. 2021 Equity Incentive Plan

    Remitly Global, Inc. 2021 Employee Stock Purchase Plan

    (Full titles of the plans)

     

     

     

    Matthew Oppenheimer

    Chief Executive Officer

    Remitly Global, Inc.

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

    (888) 736-4859

    (Name, address, including zip code, and telephone number, including area code, of agent for service)

     

     

     

    Copies to:

    Saema Somalya

    Chief Legal and Corporate Affairs Officer

    Remitly Global, Inc.

    1111 Third Avenue, Suite 2100

    Seattle, WA 98101

    (888) 736-4859

     

     

     

    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 7(a)(2)(B) of the Securities Act. ☐

     

     

     

    REGISTRATION OF ADDITIONAL SHARES

    PURSUANT TO GENERAL INSTRUCTION E

     

    Pursuant to General Instruction E of Form S-8, Remitly Global, Inc. (the “Registrant”) is filing this Registration Statement with the Securities and Exchange Commission (the “Commission”) to register 10,026,731 additional shares of common stock under the Registrant’s 2021 Equity Incentive Plan and 2,005,346 additional shares of common stock under the Registrant’s 2021 Employee Stock Purchase Plan pursuant to the provisions of those plans providing for an automatic annual increase in the number of shares reserved for issuance under such plans. In accordance with the instructional note of Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

     

    PART II

    Information Required in the Registration Statement

     

    Item 3. Incorporation of Documents by Reference.

     

    The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:

     

    a.the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Annual Report”), filed with the Commission on February 19, 2025;

     

    b.all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and

     

    c.the description of the Registrant’s common stock contained in Exhibit 4.3 to the Annual Report, including any amendments or reports filed for the purpose of updating such description.

     

    All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such documents as set forth therein. This Registration Statement hereby incorporates by reference the contents of the Registrant’s previous registration statements on Form S-8 filed with the Commission on September 23, 2021 (Registration No. 333-259737), March 29, 2022 (Registration No. 333-263958), February 28, 2023 (Registration No. 333-270112), and February 23, 2024 (Registration No. 333-277337) to the extent not superseded hereby. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement.

     

     

     

    Item 8. Exhibits.

     

    The following exhibits are filed herewith or incorporated by reference:

     

            Incorporated by Reference  
    Exhibit No.   Exhibit Description   Form   File No.   Exhibit   Filing Date Filed Herewith
    4.1   Amended and Restated Certificate of Incorporation of the Registrant.   10-Q   001-40822   3.3   11/12/2021  
    4.2   Amended and Restated Bylaws.   8-K   001-40822   3.1   3/20/2024  
    4.3   Form of Common Stock Certificate of the Registrant.   S-1/A   333-259167   4.1   09/22/2021  
    5.1   Opinion of Davis Polk & Wardwell LLP.                 X
    23.1   Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm.                 X
    23.2   Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1).                 X
    24.1   Power of Attorney (included on the signature page of this Registration Statement).                 X
    99.1   2021 Equity Incentive Plan, as amended, and forms of award agreements.   10-K   001-40822   10.3   02/23/2024  
    99.2   2021 Employee Stock Purchase Plan, as amended, and form of subscription agreement.   10-K   001-40822   10.4   02/23/2024  
    107.1   Filing Fee Table.                 X
                           

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Act of 1933, as amended the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Seattle, State of Washington, on this 19th day of February, 2025.

     

     

    REMITLY GLOBAL, INC.

       
      /s/ Matthew Oppenheimer
     

    Matthew Oppenheimer

    Chief Executive Officer

     

     

     

     

    POWER OF ATTORNEY

     

    KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Matthew Oppenheimer, Vikas Mehta, and Gail Miller, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.

     

    /s/ Matthew Oppenheimer   /s/ Vikas Mehta
    Matthew Oppenheimer, Chief Executive Officer and Director   Vikas Mehta, Chief Financial Officer
    (Principal Executive Officer)   (Principal Financial Officer)
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Gail Miller  

    /s/ Ryno Blignaut

    Gail Miller, Chief Accounting Officer   Ryno Blignaut, Director
    (Principal Accounting Officer)   Date: February 19, 2025
    Date: February 19, 2025    
         
    /s/ Phyllis Campbell   /s/ Bora Chung
    Phyllis Campbell, Director   Bora Chung, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Joshua Hug   /s/ Laurent Le Moal
    Joshua Hug, Vice Chair and Director   Laurent Le Moal, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Nigel Morris   /s/ Phillip Riese
    Nigel Morris, Director   Phillip Riese, Director
    Date: February 19, 2025   Date: February 19, 2025
         
    /s/ Margaret M. Smyth    
    Margaret M. Smyth, Director    
    Date: February 19, 2025    

     

     

     

     

     

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