Exhibit 5.1
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Proskauer Rose LLP 2029 Century Park East, Suite 2400 Los Angeles, CA 90067-3010 |
December 12, 2022
Benitec Biopharma Inc.
3940 Trust Way
Hayward, California 94545
Ladies and Gentlemen:
We have acted as counsel to Benitec Biopharma Inc., a Delaware corporation (the “Company”), in connection with the Company’s Registration Statement on Form S-1 (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), relating to the offer and sale of up to 29,809,471 shares of the Company’s common stock, par value $0.0001 per share (“Shares”), to be sold by the Company as set forth in the Registration Statement and the prospectus contained therein (the “Prospectus”).
In connection with rendering this opinion, we have examined originals, certified copies or copies otherwise identified as being true copies of the following:
(a) the Registration Statement;
(b) the amended and restated certificate of incorporation of the Company, as in effect on the date hereof and as amended to date;
(c) the amended and restated bylaws of the Company, as in effect on the date hereof and as amended to date;
(d) corporate proceedings of the Company relating to its proposed issuance of the Securities; and
(e) such other instruments and documents as we have deemed relevant or necessary in connection with our opinions set forth herein.
We have made such examination of law as we have deemed necessary to express the opinion contained herein. As to matters of fact relevant to this opinion, we have relied upon, and assumed without independent verification, the accuracy of certificates of public officials and officers of the Company. We have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of documents submitted to us as originals, the conformity to the original documents of all documents submitted to us as certified, facsimile or photostatic copies, and the authenticity of the originals of such copies.
Based upon the foregoing, and subject to the limitations, qualifications, exceptions and assumptions expressed herein, we are of the opinion, assuming no change in the applicable law or pertinent facts, that the Shares, when issued as set forth in the Registration Statement, will have been duly authorized for issuance and, when the Shares are issued upon exercise of the Warrants (as defined in the Prospectus) in accordance with the terms thereof, the Shares will be validly issued, fully paid and non-assessable.
This opinion is limited in all respects to the General Corporation Law of the State of Delaware, and we express no opinion as to the laws, statutes, rules or regulations of any other jurisdiction. The reference and limitation to the “General Corporation Law of the State of Delaware” includes all applicable Delaware statutory provisions of law and reported judicial decisions interpreting these laws.
We hereby consent to the filing of this opinion letter in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the Registration Statement and the prospectus contained therein. In giving the foregoing
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