Form: POS AM

Post-effective amendment to a registration statement that is not immediately effective upon filing

September 29, 2008

As filed with the Securities and Exchange Commission on September 29, 2008.

Registration No. 333-151396 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________   

 Post-Effective Amendment No. 1 to
FORM S-1
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
______________

NOVELOS THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation or organization)
2834
(Primary Standard Industrial
Classification Code Number)
04-3321804
(I.R.S. employer
identification number)

One Gateway Center
Suite 504
Newton, Massachusetts 02458
(617) 244-1616
(Address and telephone number of principal executive offices)

Harry S. Palmin
President and Chief Executive Officer
Novelos Therapeutics, Inc.
One Gateway Center, Suite 504
Newton, Massachusetts 02458
(617) 244-1616
(Name, address and telephone number of agent for service)

Copies to:
Paul Bork, Esq.
Foley Hoag LLP
155 Seaport Boulevard
Boston, Massachusetts 02110
(617) 832-1000
________________
 
Approximate date of commencement of proposed sale to the public: Not applicable.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: o
 
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
 
If this Form is a post-effective amendment pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
 
If the Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o

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.
 
Large accelerated filer o
Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company)
Smaller reporting company x
 
 
 

 

DEREGISTRATION OF UNSOLD SECURITIES



On June 3, 2008, Novelos Therapeutics, Inc. (the "Company") filed a Registration Statement on Form S-1 (File No. 333-151396) (the “Registration Statement”) with the Securities and Exchange Commission, which was declared effective on June 23, 2008. The Registration Statement registered the resale, from time to time, of 6,888,413 shares (the "Shares") of the Company's common stock, par value $0.00001 per share. The Shares were registered to permit resales of such Shares by the selling stockholders, as named in the Registration Statement, upon the exercise of warrants (the “Warrants”) to purchase Shares that had been acquired in connection with the Company's private placements in 2005. All of the warrants expired unexercised on August 11, 2008, thus no Shares were acquired for resale by the selling stockholders.

In accordance with the undertaking of the Company contained in the Registration Statement pursuant to Item 512 of Regulation S-K, the Company is filing this Post-Effective Amendment No. 1 to the Registration Statement to deregister all of the Shares. The Company is seeking to deregister the Shares because its obligation to keep the Registration Statement effective pursuant to the terms of its registration rights agreements with the selling stockholders terminated upon the expiration of the Warrants. The Registration Statement is hereby amended to reflect the deregistration of all 6,888,413 of the Shares.

 
 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this post-effective amendment to the registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Newton, Commonwealth of Massachusetts, on September 29, 2008.
 
 
NOVELOS THERAPEUTICS, INC.
 
 
 
 
 
 
By:
/s/ Harry S. Palmin                       
 
September 29, 2008
Harry S. Palmin
President and Chief Executive Officer
 
 
 
 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated:
 
Signature
 
Title
 
Date
/s/ Harry S. Palmin
Harry S. Palmin
 
Chief Executive Officer and Director
(principal executive officer)
 
September 29, 2008
         
/s/ Joanne M. Protano
Joanne M. Protano
 
Chief Financial Officer
(principal financial officer and principal accounting officer)
 
September 29, 2008
         
/s/ Stephen A. Hill*
Stephen A. Hill
 
Chairman of the Board of Directors
 
September 29, 2008
         
/s/ Michael J. Doyle*
Michael J. Doyle
 
Director
 
September 29, 2008
         
/s/ Sim Fass*
Sim Fass
 
Director
 
September 29, 2008
         
/s/ James S. Manuso*
James S. Manuso
 
Director
 
September 29, 2008
         
/s/ David B. McWilliams*
David B. McWilliams
 
Director
 
September 29, 2008
         
/s/ Howard M. Schneider*
Howard M. Schneider
 
Director
 
September 29, 2008
         
* Harry S. Palmin, as attorney-in-fact.