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Aeva Technologies, Inc. – ‘S-1’ on 6/9/21 – ‘EX-5.1’

On:  Wednesday, 6/9/21, at 6:13am ET   ·   Accession #:  1193125-21-185876   ·   File #:  333-256919

Previous ‘S-1’:  ‘S-1/A’ on 1/29/20   ·   Next & Latest:  ‘S-1/A’ on 6/22/21   ·   9 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/09/21  Aeva Technologies, Inc.           S-1                  112:11M                                    Donnelley … Solutions/FA

Registration Statement (General Form)   —   Form S-1   —   SA’33

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML   1.57M 
 2: EX-5.1      Opinion of Counsel re: Legality                     HTML     33K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     30K 
 4: EX-23.2     Consent of Expert or Counsel                        HTML     30K 
11: R1          Cover                                               HTML     59K 
12: R2          Consolidated Balance Sheets                         HTML    158K 
13: R3          Consolidated Statements of Operations               HTML     33K 
                (Parenthetical)                                                  
14: R4          Consolidated Balance Sheets (Parenthetical)         HTML     65K 
15: R5          Consolidated Statements of Operations               HTML    108K 
16: R6          Consolidated Statements of Changes in               HTML     38K 
                Stockholders' Equity (Parenthetical)                             
17: R7          Consolidated Statements of Convertible Preferred    HTML    138K 
                Stock and Stockholders' Equity (Deficit)                         
18: R8          Consolidated Statements of Cash Flows               HTML    188K 
19: R9          Description of Organization and Business            HTML     48K 
                Operations                                                       
20: R10         Restatement of Previously Issued Financial          HTML    132K 
                Statements                                                       
21: R11         Liquidity and Going Concern                         HTML     35K 
22: R12         Summary of Significant Accounting Policies          HTML     67K 
23: R13         Public Offering                                     HTML     33K 
24: R14         Private Placement                                   HTML     34K 
25: R15         Related Party Transactions                          HTML     42K 
26: R16         Commitments and Contingencies                       HTML     64K 
27: R17         Private Warrants                                    HTML     33K 
28: R18         Stockholders' Equity                                HTML     54K 
29: R19         Income Tax                                          HTML     62K 
30: R20         Fair Value Measurements                             HTML     89K 
31: R21         Subsequent Events                                   HTML     40K 
32: R22         Description of Business and Summary of Significant  HTML     88K 
                Accounting Policies                                              
33: R23         Reverse Capitalization                              HTML     55K 
34: R24         Revenue                                             HTML     51K 
35: R25         Inventories                                         HTML     37K 
36: R26         Property, Plant and Equipment                       HTML     43K 
37: R27         Other Current Assets                                HTML     38K 
38: R28         Other Current Liabilities                           HTML     37K 
39: R29         Earnings (Loss) Per Share                           HTML     47K 
40: R30         Stock-based Compensation                            HTML     65K 
41: R31         Segment Information                                 HTML     38K 
42: R32         Description of Business and Summary of Significant  HTML    200K 
                Accounting Policies (Policies)                                   
43: R33         Restatement of Previously Issued Financial          HTML    130K 
                Statements (Tables)                                              
44: R34         Summary of Significant Accounting Policies          HTML     57K 
                (Tables)                                                         
45: R35         Income Tax (Tables)                                 HTML     63K 
46: R36         Fair Value Measurements (Tables)                    HTML     61K 
47: R37         Description of Business and Summary of Significant  HTML     35K 
                Accounting Policies (Tables)                                     
48: R38         Reverse Capitalization (Tables)                     HTML     48K 
49: R39         Revenue (Tables)                                    HTML     47K 
50: R40         Financial Instruments (Tables)                      HTML     76K 
51: R41         Inventories (Tables)                                HTML     38K 
52: R42         Property, Plant and Equipment (Tables)              HTML     42K 
53: R43         Other Current Assets (Tables)                       HTML     38K 
54: R44         Other Current Liabilities (Tables)                  HTML     37K 
55: R45         Capital Structure (Tables)                          HTML     40K 
56: R46         Earnings (Loss) Per Share (Tables)                  HTML     65K 
57: R47         Stock-based Compensation (Tables)                   HTML     68K 
58: R48         Commitments and Contingencies (Tables)              HTML     39K 
59: R49         Description of Organization and Business            HTML     68K 
                Operations - Additional Information (Detail)                     
60: R50         Restatement of Previously Issued Financial          HTML     65K 
                Statements - Schedule of Effect of Restatement                   
                Financial Statement - Balance Sheet (Detail)                     
61: R51         Restatement of Previously Issued Financial          HTML     71K 
                Statements - Schedule of Effect of Restatement                   
                Financial Statement - Statement of Operations                    
                (Detail)                                                         
62: R52         Restatement of Previously Issued Financial          HTML     66K 
                Statements - Schedule of Effect of Restatement                   
                Financial Statement - Statement of Cash Flow                     
                (Detail)                                                         
63: R53         Liquidity and Going Concern - Additional            HTML     38K 
                Information (Detail)                                             
64: R54         Summary of Significant Accounting Policies -        HTML     55K 
                Additional Information (Detail)                                  
65: R55         Summary of Significant Accounting Policies -        HTML     64K 
                Schedule of Basic and Diluted Net Income (Loss)                  
                Per Common Share (Detail)                                        
66: R56         Public Offering - Additional Information (Detail)   HTML     46K 
67: R57         Private Placement - Additional Information          HTML     50K 
                (Detail)                                                         
68: R58         Related Party Transactions - Additional             HTML    102K 
                Information (Detail)                                             
69: R59         Commitments and Contingencies - Additional          HTML    102K 
                Information (Detail)                                             
70: R60         Stockholders' Equity (Detail)                       HTML     62K 
71: R61         Income Tax - Schedule of Net Deferred Taxes         HTML     39K 
                (Detail)                                                         
72: R62         Income Tax - Schedule of Income Tax Provision       HTML     47K 
                (Detail)                                                         
73: R63         Income Tax - Additional Information (Detail)        HTML     45K 
74: R64         Income Tax - Summary of Reconciliation Federal      HTML     41K 
                Income Tax Rate (Detail)                                         
75: R65         Fair Value Measurements - Schedule of Fair Value    HTML     39K 
                Measured on Recurring Basis (Detail)                             
76: R66         Fair Value Measurements - Additional Information    HTML     47K 
                (Detail)                                                         
77: R67         Fair Value Measurements - Schedule of Fair Value    HTML     56K 
                Black-scholes Option Pricing Model (Detail)                      
78: R68         Fair Value Measurements - Summary of Fair Value of  HTML     43K 
                Warrant Liabilities (Detail)                                     
79: R69         Fair Value Measurements - Summary of Fair Value of  HTML     35K 
                Warrant Liabilities (Parenthetical) (Detail)                     
80: R70         Subsequent Events (Detail)                          HTML     62K 
81: R71         Description of Business and Summary of Significant  HTML     91K 
                Accounting Policies - Additional Information                     
                (Details)                                                        
82: R72         Description of Business and Summary of Significant  HTML     46K 
                Accounting Policies - Schedule of Property, Plant,               
                and Equipment Estimated Useful Lives (Details)                   
83: R73         Reverse Capitalization - - Schedule of Number of    HTML     50K 
                Common Stock Issued Following the Business                       
                Combination (Details)                                            
84: R74         Reverse Capitalization - Additional Information     HTML     99K 
                (Details)                                                        
85: R75         Reverse Capitalization - Reconciliation of          HTML     46K 
                Elements of Business Combination (Details)                       
86: R76         Reverse Capitalization - Schedule of Number of      HTML     49K 
                Common Stock Issued Following the Business                       
                Combination (Parenthetical) (Details)                            
87: R77         Revenue - Summary of Disaggregated Revenue by       HTML     51K 
                Geographic Region (Details)                                      
88: R78         Revenue - Additional Information (Details)          HTML     41K 
89: R79         Financial Instruments - Summary of Financial        HTML     70K 
                assets and Liabilities Measured at Fair Value on                 
                Recurring Basis (Details)                                        
90: R80         Financial Instruments (Additional Information)      HTML     33K 
                (Details)                                                        
91: R81         Financial Instruments - Summary of Changes in Fair  HTML     38K 
                Value of Level 3 Financial Instruments (Details)                 
92: R82         Financial Instruments - Schedule of Black-Scholes   HTML     42K 
                Option Pricing Model For Private Warrants                        
                (Details)                                                        
93: R83         Inventories - Schedule of Inventories (Details)     HTML     41K 
94: R84         Property, Plant and Equipment - Schedule of         HTML     55K 
                Property, Plant and Equipment (Details)                          
95: R85         Property, Plant and Equipment - Additional          HTML     33K 
                Information (Details)                                            
96: R86         Other Current Assets - Schedule of Other Current    HTML     44K 
                Assets (Details)                                                 
97: R87         Other Current Liabilities - Schedule of Other       HTML     41K 
                Current Liabilities (Details)                                    
98: R88         Capital Structure - Additional Information          HTML     67K 
                (Details)                                                        
99: R89         Capital Structure - Schedule of Conversions of      HTML     49K 
                Stock (Details)                                                  
100: R90         Earnings (Loss) Per Share - Schedule of Earnings    HTML     59K  
                Per Share, Basic and Diluted (Details)                           
101: R91         Earnings (Loss) Per Share - Schedule of             HTML     42K  
                Antidilutive Securities Excluded from Computation                
                of Diluted Earnings Per Share (Details)                          
102: R92         Stock-based Compensation - Additional Information   HTML     61K  
                (Details)                                                        
103: R93         Stock-based Compensation - Schedule of Fair Value   HTML     54K  
                Weighted-Average Assumptions (Details)                           
104: R94         Stock-based Compensation - Schedule of Restricted   HTML     54K  
                Stock Activity (Details)                                         
105: R95         Stock-based Compensation - Schedule of Stock        HTML     74K  
                Options Activity (Details)                                       
106: R96         Stock-based Compensation - Summary of Stock-Based   HTML     43K  
                Compensation Expense (Details)                                   
107: R97         Income Taxes - Schedule of Income before Income     HTML     41K  
                Taxes (Details)                                                  
108: R98         Commitments and Contingencies - Summary of          HTML     51K  
                Maturity Analysis of the Annual Undiscounted Cash                
                Flows of Operating Lease Liabilities (Details)                   
109: R99         Segment Information - Additional Information        HTML     51K  
                (Details)                                                        
111: XML         IDEA XML File -- Filing Summary                      XML    217K  
110: EXCEL       IDEA Workbook of Financial Reports                  XLSX    163K  
 5: EX-101.INS  XBRL Instance -- aeva-20201231                       XML   2.12M 
 7: EX-101.CAL  XBRL Calculations -- aeva-20201231_cal               XML    237K 
 8: EX-101.DEF  XBRL Definitions -- aeva-20201231_def                XML   1.19M 
 9: EX-101.LAB  XBRL Labels -- aeva-20201231_lab                     XML   2.07M 
10: EX-101.PRE  XBRL Presentations -- aeva-20201231_pre              XML   1.60M 
 6: EX-101.SCH  XBRL Schema -- aeva-20201231                         XSD    328K 
112: ZIP         XBRL Zipped Folder -- 0001193125-21-185876-xbrl      Zip    258K  


‘EX-5.1’   —   Opinion of Counsel re: Legality


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-5.1  

Exhibit 5.1

June 8, 2021

Aeva Technologies, Inc.

555 Ellis Street

Mountain View, California 94043

 

  Re:

Securities Registered under Registration Statement on Form S-1

We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-1 (as amended or supplemented, the “Registration Statement”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”), relating to the registration by Aeva Technologies, Inc., a Delaware corporation (the “Company”) of up to 182,111,147 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), which includes (i) up to 169,268,147 shares of Common Stock (the “Selling Securityholder Shares”) to be sold by the selling securityholders listed in the Registration Statement under “Selling Securityholders” (the “Selling Securityholders”) and (ii) up to 12,459,000 shares of Common Stock (the “Warrant Shares”) that may be issued upon exercise of outstanding warrants to purchase Common Stock (the “Warrants”).

We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinions set forth below, on certificates of officers of the Company.

The opinion set forth below is limited to the Delaware General Corporation Law.

Based on the foregoing, we are of the opinion that:

1.     The Selling Securityholder Shares have been duly authorized and validly issued and are fully paid and non-assessable.

2.     Assuming a sufficient number of authorized but unissued shares of Common Stock are available for issuance when the Warrants are exercised, the Warrant Shares, when and if issued upon exercise of the Warrants in accordance with the terms of the Warrants, will be validly issued, fully paid and non-assessable.

We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement and to the references to our firm under the caption “Legal Matters” in the Registration Statement. 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/ GOODWIN PROCTER LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-1’ Filing    Date    Other Filings
Filed on:6/9/21S-8
6/8/218-K/A
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/10/22  Aeva Technologies, Inc.           POS AM      5/09/22    2:403K                                   Donnelley … Solutions/FA
 3/23/22  Aeva Technologies, Inc.           POS AM      3/22/22    2:402K                                   Donnelley … Solutions/FA
 6/22/21  Aeva Technologies, Inc.           S-1/A       6/21/21    2:87K                                    Donnelley … Solutions/FA


6 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/18/21  Aeva Technologies, Inc.           8-K:1,2,3,5 3/12/21   14:1.2M                                   Donnelley … Solutions/FA
 2/16/21  Aeva Technologies, Inc.           424B3       2/12/21    1:17M                                    EdgarAgents LLC/FA
 1/14/21  Aeva Technologies, Inc.           S-4/A                 13:17M                                    EdgarAgents LLC/FA
12/03/20  Aeva Technologies, Inc.           S-4                   10:16M                                    EdgarAgents LLC/FA
 2/06/20  Aeva Technologies, Inc.           8-K:1,5,9   2/03/20   12:806K                                   EdgarAgents LLC/FA
 1/24/20  Aeva Technologies, Inc.           S-1/A                 23:3.2M                                   EdgarAgents LLC/FA
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Filing Submission 0001193125-21-185876   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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