As filed with the Securities and Exchange Commission on February 21, 2024
Registration No. 333-______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933
| Mega Matrix Corp. |
| (Exact name of registrant as specified in its charter) |
| Delaware |
|
94-3263974 |
(State or other jurisdiction of
incorporation or organization |
|
(I.R.S. Employer
Identification Number) |
|
3000 El Camino Real,
Bldg. 4, Suite 200, Palo Alto, CA |
|
94306 |
| (Address of Principal Executive Offices) |
|
(Zip Code) |
AMENDED
AND RESTATED 2021 EQUITY INCENTIVE PLAN
JANUARY
18, 2024 RESTRICTED STOCK UNIT AGREEMENT FOR XIANGCHEN GAO
Yucheng Hu
Chief Executive Officer
c/o Mega Matrix Corp.
3000 El Camino Real, Bldg. 4, Suite 200,
Palo Alto, CA 94306
(Name and Address
of Agent for Service)
(650) 340-1888
(Telephone number,
including area code, of agent for service)
Please send copies of all communications to:
John P. Yung, Esq
Lewis Brisbois Bisgaard & Smith LLP
45 Fremont Street, Suite 3000
San Francisco, CA 94105
(415) 362-2580
|
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large
accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
(Check one):
| Large accelerated filer |
☐ |
Accelerated filer |
☐ |
| Non-accelerated filer |
☒ |
Small 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. ☐
Explanatory Note
This registration
statement on Form S-8 (“Registration Statement”) is being filed by Mega Matrix Corp. (“Registrant” or “Company”),
to register a total of 1,604,000 shares of its common stock, par value $0.001 per share (“Common Stock”), including (i) 1,580,000
shares of Common Stock issuable under the Mega Matrix Corp. Amended and Restated 2021 Equity Incentive Plan (the “Amended Plan”),
and (ii) 24,000 shares of Common Stock issuable upon vesting of outstanding restricted stock units pursuant to the January 18, 2024 Restricted
Stock Unit Award granted to the Chief Operating Officer Xiangchen (Steven) Gao.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified
in “Item 1. Plan Information” and “Item 2. Registrant Information and Employee Plan Annual Information” of Form
S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the “Securities
Act”). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the “Commission”)
either as part of this Registration Statement or as a prospectus or prospectus supplement pursuant to Rule 424 under the Securities Act.
These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of Form S-8,
taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The Registrant hereby incorporates by reference
into this Registration Statement the following documents and information previously filed with the Securities and Exchange Commission
(“Commission”):
| (a) | The Registrant’s Annual Report on Form 10-K for the
fiscal year ended December 31, 202, filed with the Commission on March 31, 2023 (“Form 10-K”). |
| (b) | The Registrant’s Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, filed with the Commission on May 12, 2023, August 14, 2023,
and November 13, 2023, respectively. |
| (c) | The Registrant’s Current Reports on Form 8-K (excluding
Item 7.01) filed with the Commission on January 20, 2023, January 27, 2023, February 15, 2023, March 7, 2023, March 31, 2023, April 17, 2023, May 12, 2023, June 9, 2023, August 9, 2023, August 14, 2023, August 25, 2023, September 22, 2023, November 13, 2023, December 18, 2023, December 20, 2023, December 27, 2023, January 2, 2024, January 8, 2024, January 18, 2024 and January 19, 2024. |
| (d) | The description of Registrant’s Common Stock titled
Description of Securities filed as Exhibit 4(vi) to the Registrant’s Form 10-K. |
All documents, reports and definitive proxy or
information statements filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date 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 of such documents; provided, however, that documents, reports and definitive proxy or information statement,
or portions thereof, which are furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated
by reference into this Registration Statement.
Any statement contained in a document incorporated
or deemed to be incorporated herein by reference shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference
herein modifies or supersedes that statement. Any such statement so modified or superseded shall not constitute a part of this Registration
Statement, except as so modified or superseded.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers
The Registrant’s Second Amended and Restated Certificate of Incorporation,
as amended, and Fourth Amended and Restated Bylaws, as amended, provides that the Registrant shall indemnify its directors, officers employees
and agents to the fullest extent permitted by the General Corporation Law of the State of Delaware.
Sections 145 and 102(b)(7) of the General Corporation Law of the
State of Delaware provide that a corporation may indemnify any person made a party to an action by reason of the fact that he or she was
a director, executive officer, employee or agent of the corporation or is or was serving at the request of a corporation against expenses
(including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection
with such action if he or she acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, the best
interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct
was unlawful, except that, in the case of an action by or in right of the corporation, no indemnification may generally be made in respect
of any claim as to which such person is adjudged to be liable to the corporation.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
Item 9. Undertakings.
| A. |
The undersigned Registrant hereby undertakes: |
| |
1. |
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |
| |
(i) |
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; |
| |
(ii) |
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and |
| |
(iii) |
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement. |
| |
|
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) herein do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act (15 U.S.C. 78m or 78o(d)) that are incorporated by reference in the registration statement. |
| |
2. |
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
| |
3. |
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
B. The undersigned
Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering thereof.
C. Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, 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 Palo Alto, California, on February 21, 2024.
| |
Mega Matrix Corp.,
a Delaware corporation |
| |
|
|
| |
By: |
/s/ Yucheng Hu |
| |
Name: |
Yucheng Hu |
| |
Title: |
Chief Executive Officer |
POWER OF ATTORNEY AND SIGNATURE
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below hereby constitutes and appoints Yucheng Hu and Carol Wang, and each of them, as his or her true and
lawful attorney-in-fact and agent, with full power of substitution, for him or her and in his or her name, place and stead, to sign any
amendment (including post-effective amendments) to this registration statement (or any other registration statement for the same offering
that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933), and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent, 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 to all intents
and purposes as he or she may do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or
of 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 below by the following persons in the capacities and on the date
indicated.
| Signature |
|
Capacity |
|
Date |
| |
|
|
|
|
| /s/ Yucheng Hu |
|
Chief Executive Officer, President and Director |
|
February 21, 2024 |
| Yucheng Hu |
|
(Principal Executive Officer) |
|
|
| |
|
|
|
|
| /s/ Qin (Carol) Wang |
|
Chief Financial Officer |
|
February 21, 2024 |
| Qin (Carol) Wang |
|
(Principal Financial and Accounting Officer) |
|
|
| |
|
|
|
|
| /s/ Jianan Jiang |
|
Director |
|
February 21, 2024 |
| Jianan Jiang |
|
|
|
|
| |
|
|
|
|
| /s/ Qin Yao |
|
Director |
|
February 21, 2024 |
| Qin Yao |
|
|
|
|
| |
|
|
|
|
| /s/ Siyuan Zhu |
|
Director |
|
February 21, 2024 |
| Siyuan Zhu |
|
|
|
|
Exhibit 5.1
 |
|
2020 West El Camino Avenue, Suite 700
Sacramento, California 95833
Phone: 916-564-5400
|
February 21, 2024
|
Board of Directors
Mega Matrix Corp.
3000 El Camino Real,
Bldg. 4, Suite 200, Palo Alto, CA 94306 |
|
| |
Re: |
Common Stock of Mega Matrix Corp. |
| |
|
Registration Statement on Form S-8 |
Ladies and Gentlemen:
We have acted as counsel to
Mega Matrix Corp., a Delaware corporation (the “Company”), in connection with the registration of 1,604,000 shares (the “Shares”)
of the Company’s common stock, par value $0.001 (the “Common Stock”), under the Securities Act of 1933, as amended (the
“Securities Act”), which includes (i) 1,580,000 shares of Common Stock issuable under the Mega Matrix Corp. Amended and Restated
2021 Equity Incentive Plan (the “Plan”), and (ii) 24,000 shares of Common Stock issuable upon vesting of outstanding restricted
stock units pursuant to the January 18, 2024 Restricted Stock Unit Award (the “Agreement”) granted to the Chief Operating
Officer Xiangchen (Steven) Gao (the “Grant”), as further described in the Company’s registration statement on Form S-8
to be filed under the Securities Act (the “Registration Statement”) with the Securities and Exchange Commission (the “Commission”).
For the purpose of rendering
this opinion, we examined originals or copies of such documents as we deemed to be relevant, including (i) the Registration Statement,
including the exhibits filed therewith, (ii) the Company’s Second Amended and Restated Certificate of Incorporation, as amended
and currently in effect, (iii) the Company’s Fourth Amended and Restated Bylaws, as currently effect, (iv) the board resolutions,
stockholder approval and other actions of the Company with respect to the authorization and adoption of the Plan, the Agreement and the
Grant, (v) the Plan and the Agreement, and (vi) such other originals or copies certified to our satisfaction of such other documents,
records, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion
expressed below.
In conducting our examination,
we assumed without investigation, the genuineness of all signatures, the correctness of all certificates, the authenticity of all documents
submitted to us as originals, the conformity to all original documents of all documents submitted as certified or photostatic copies,
and the authenticity of the originals of such copies, and the accuracy and completeness of all records made available to us by the Company.
In addition, in rendering this opinion, we assume that the Shares will be offered in the manner and on the terms identified or referred
to under the Plan, the Agreement and in the Registration Statement, including all amendments thereto. As to questions of fact material
to this opinion, we have relied on certificates or comparable documents of public officials and of officers and representatives of the
Company.
ARIZONA
• CALIFORNIA • COLORADO • CONNECTICUT • DELAWARE • FLORIDA • GEORGIA • ILLINOIS • INDIANA •
KANSAS • KENTUCKY • LOUISIANA MARYLAND • MASSACHUSETTS • MINNESOTA • MISSISSIPPI • MISSOURI • NEVADA
• NEW JERSEY • NEW MEXICO • NEW YORK • NORTH CAROLINA OHIO • OREGON • PENNSYLVANIA • RHODE ISLAND
• TENNESSEE • TEXAS • UTAH • VIRGINIA • WASHINGTON • WASHINGTON D.C. • WEST VIRGINIA
February 21, 2024
Page 2
We express no opinions other
than as specifically set forth herein. We are opining solely on as to the General Corporation Law of the State of Delaware and we express
no opinion as to whether the laws of any jurisdiction are applicable to the subject matter hereof. We are not rendering any opinion as
to compliance with any federal or state law, rule or regulation relating to securities, or to the sale or issuance thereof. This opinion
letter deals only with the specified legal issues expressly addressed herein, and you should not infer any opinion that is not explicitly
stated herein from any matter addressed in this opinion letter.
Based upon and subject to
the foregoing, after giving due regard to such issues of law as we deemed relevant, and assuming that (i) the Registration Statement becomes
and remains effective, and the prospectus which is part thereof (the “Prospectus”), and the Prospectus delivery procedures
with respect thereto, fulfill all of the requirements of the Securities Act, throughout all periods relevant to the opinion, (ii) all
offers and sales of the Shares have been and will be made in compliance with the securities laws of the states, having jurisdiction thereof,
if applicable, (iii) the individual grants, issuance or awards under the Plan and the Agreement are duly authorized by all necessary corporate
action (and the agreements and awards duly adopted thereunder and in accordance therewith), (iv) such Shares are issued by the Company
in the circumstances contemplated by the Plan, the Agreement, and related agreements, and (v) the shares of Common Stock currently reserved
for issuance under the Plan and the Agreement will remain available for the issuance of the Shares, we are of the opinion that the Shares
to be issued in accordance with the requirements of the Plan and Agreement, when issued and sold pursuant to the terms of and in the manner
set forth in the Plan, Agreement and other related agreements thereunder will be, validly issued, fully paid, and nonassessable.
We hereby consent in writing
to the use of our opinion as an exhibit to the Registration Statement and any amendment thereto. By giving such consent, we do not thereby
admit that we come within the category of persons where consent is required under Section 7 of the Securities Act or the rules and regulations
of the Commission.
| |
Very truly yours, |
| |
|
| |
/s/ Lewis Brisbois Bisgaard & Smith LLP |
| |
LEWIS BRISBOIS BISGAARD & SMITH llp |
LEWIS BRISBOIS BISGAARD & SMITH LLP
www.lewisbrisbois.com
Exhibit 23.1
 |
AUDIT
ALLIANCE LLP®
|
 |
| |
A Top 18 Audit Firm |
|
| |
10 Anson Road, #20-16 International Plaza, Singapore 079903. |
|
UEN: T12LL1223B GST Reg No: M90367663E Tel: (65) 6227 5428
Website:
www.allianceaudit.com
Consent of Independent Registered
Public Accounting Firm
We consent to the incorporation
by reference in this Registration Statement of Mega Matrix Corp. (the “Company”) on Form S-8 of our report dated March 31,
2023, relating to the consolidated balance sheets of the Company as of December 31, 2022 and 2021 (Successor Company) and September 29,
2021 (Predecessor Company), and the related consolidated statements of operations and comprehensive income (loss), changes in stockholders’
equity (deficit), and cash flows for the year ended December 31, 2022, for the period from September 30, 2021 to December 31, 2021 (Successor
Company), and for the period from January 1, 2021 to September 29, 2021 (Predecessor Company), appearing in the Annual Report on Form
10-K of the Company for the year ended December 31, 2022.
/s/ Audit Alliance LLP
Audit Alliance LLP
Singapore
February 21, 2024
Exhibit 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
Mega Matrix Corp.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward
Securities
Security
Type | |
Security
Class Type | |
Fee
Calculation
Rate Rule | |
Amount
Registered(1) | | |
Proposed
Maximum
Offering
Price Per Unit | | |
Maximum
Aggregate
Offering
Price | | |
Fee
Rate | | |
Amount of
Registration Fee | |
| Equity | |
Common Stock, par value $0.001 per share | |
Other(2) | |
| 1,604,000 | (3) | |
$ | 2.42 | | |
$ | 3,881,680 | | |
$ | 0.0001476 | | |
$ | 572.94 | |
| | |
| |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| Total Offering Amount | |
| |
| | | |
| | | |
$ | 3,881,680 | | |
| | | |
$ | 572.94 | |
| Total Fee Offsets | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| Net Fees Due | |
| |
| | | |
| | | |
| | | |
| | | |
$ | 572.94 | |
| (1) | Pursuant to Rule 416(a)
under the Securities Act of 1933, as amended (“Securities Act”), this Registration Statement also covers any additional securities
that may be offered or issued in connection with any stock split, stock dividend or similar transaction. |
Pursuant to Rule 416(c) under the Securities
Act, this Registration Statement shall also cover an indeterminate amount of interests to be offered or sold pursuant to the employee
benefit plans described herein.
| (2) | Estimated in accordance with Rules
457(c) and (h) under the Securities Act solely for the purpose of calculating the registration fee based on the average the high and
low sale price of the Registrant’s common stock, par value $0.001 per share (the “Common Stock”) as reported on the
NYSE American on February 13, 2024, which date is within five business days prior to the filing of this Registration Statement. |
| (3) | Represents the maximum of 1,604,000 shares of the Registrant’s
common stock currently reserved for issuance pursuant to (i) Mega Matrix Corp. Amended and Restated 2021 Equity Incentive Plan and
(ii) January 18, 2024 Restricted Stock Unit Award granted to the Chief Operating Officer Xiangchen (Steven) Gao, and subject to
adjustment as provided for therein. |
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