As filed with the Securities and Exchange Commission
on August 15, 2025
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
(Exact name of registrant as specified in its
charter)
Delaware |
|
20-2079805 |
(State or other jurisdiction
of |
|
(I.R.S. Employer |
incorporation or organization) |
|
Identification Number) |
13430 North Dysart Road, Suite 105
Surprise, Arizona 85379
(928) 779-4143
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)
Joel L. Fruendt
President and Chief Executive Officer
SenesTech, Inc.
13430 North Dysart Road, Suite 105
Surprise, Arizona 85379
(928) 779-4143
(Name, address, including zip code, and telephone
number, including area code, of agent for service)
Copies to:
Brian H. Blaney, Esq.
Katherine A. Beck, Esq.
Greenberg Traurig, LLP
2375 E. Camelback Road, Suite 800
Phoenix, Arizona 85016
(602) 445-8000
Approximate date of commencement of proposed
sale to the public: From time to time after the effective date of this registration statement, as determined by market conditions
and other factors.
If the only securities being registered on this
Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
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, other than securities
offered only in connection with dividend or interest reinvestment plans, check the following box. ☒
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. ☐
If this Form is a post-effective amendment filed
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. ☐
If this Form is a registration statement pursuant
to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant
to Rule 462(e) under the Securities Act, check the following box. ☐
If this Form is a post-effective amendment to
a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of
securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐
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. ☐
The Registrant hereby amends this registration
statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment that
specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities
Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission,
acting pursuant to said Section 8(a), may determine.
The information in
this prospectus is not complete and may be changed. The Selling Stockholders may not sell these securities until the registration statement
filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities, and the Selling
Stockholders are not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted.
PROSPECTUS | SUBJECT
TO COMPLETION, DATED AUGUST 15, 2025 |

SenesTech, Inc.
2,261,252 Shares of Common Stock
Pursuant to this prospectus, the selling stockholders
identified herein (the “Selling Stockholders”) are offering on a resale basis an aggregate of 2,188,308 shares (the “Inducement
Shares”) of our common stock, par value $0.001 per share (“Common Stock”), representing shares issuable upon the exercise
of outstanding warrants to purchase up to 2,188,308 shares of Common Stock with a per share exercise price equal to $5.25 (the “Common
Stock Warrants”), and 72,944 shares (the “Placement Agent Shares,” and together with the Inducement Shares, the “Shares”)
of Common Stock, representing shares issuable upon the exercise of outstanding placement agent warrants to purchase up to 72,944 shares
of Common Stock with a per share exercise price equal to $5.4219 (the “Placement Agent Warrants,” and together with the Common
Stock Warrants, the “Warrants”). Upon any cash exercise of the Warrants by the Selling Stockholders, we will receive cash
proceeds per share equal to the exercise price of the Warrants. If the Warrants are exercised in a cashless exercise, we will not receive
any proceeds from the exercise of the Warrants.
The Selling Stockholders may sell or otherwise
dispose of the Shares in a number of different ways and at varying prices. We provide more information about how the Selling Stockholders
may sell or otherwise dispose of the Shares in the section entitled “Plan of Distribution” on page 11. Discounts, concessions,
commissions and similar selling expenses attributable to the sale of the Shares will be borne by the Selling Stockholders. We will pay
all expenses (other than discounts, concessions, commissions and similar selling expenses) relating to the registration of the Shares
with the Securities and Exchange Commission (“SEC”).
Our Common Stock is listed on The Nasdaq Capital
Market under the symbol “SNES.” On August 14, 2025, the last reported sale price for our Common Stock on The Nasdaq Capital
Market was $4.61 per share. Our principal executive offices are located at 13430 North Dysart Road, Suite 105, Surprise, Arizona 85379,
and our telephone number is (928) 779-4143.
This prospectus, including such information that
is incorporated by reference, contains summaries of certain provisions contained in some of the documents described herein, but reference
is made to the actual documents for complete information. All the summaries are qualified in their entirety by the actual documents.
Copies of some of the documents referred to herein have been filed or have been incorporated by reference as exhibits to the registration
statement of which this prospectus forms a part, and you may obtain copies of those documents as described in this prospectus under the
heading “Where You Can Find Additional Information.”
Investing in our securities involves a
high degree of risk. Please read “Risk Factors” beginning on page 4 of this prospectus as well as any other risk factors
and other information contained in any other document that is incorporated by reference herein.
Neither the SEC nor any state securities commission
has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary
is a criminal offense.
This prospectus is dated , 2025.
TABLE OF CONTENTS
|
Page |
ABOUT THIS PROSPECTUS |
ii |
FORWARD-LOOKING STATEMENTS |
iii |
PROSPECTUS SUMMARY |
1 |
SUMMARY OF THE OFFERING |
3 |
RISK FACTORS |
4 |
USE OF PROCEEDS |
5 |
DILUTION |
6 |
DESCRIPTION OF PRIVATE PLACEMENT |
7 |
SELLING STOCKHOLDERS |
8 |
PLAN OF DISTRIBUTION |
11 |
LEGAL MATTERS |
12 |
EXPERTS |
12 |
WHERE YOU CAN FIND ADDITIONAL INFORMATION |
12 |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE |
12 |
You should read this prospectus and the information
incorporated by reference in this prospectus and any applicable prospectus supplement before making an investment in our securities.
Please read “Where You Can Find Additional Information” for more information. We have not and the Selling Stockholders have
not authorized anyone to provide you with any information or to make any representation, other than those contained in this prospectus
and the documents incorporated by reference or any free writing prospectus we have prepared. We take no responsibility for, and provide
no assurance as to the reliability of, any other information that others may give you. The information contained in this prospectus or
incorporated by reference in this prospectus is accurate only as of its date, or the date of the applicable document incorporated by
reference, regardless of the time of delivery of this prospectus or of any sale of our Common Stock. Our business, financial condition,
results of operations and prospects may have changed since that date.
For investors outside the United States: We have
not done anything that would permit possession or distribution of this prospectus in any jurisdiction where action for that purpose is
required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform
themselves about, and observe any restrictions relating to, the offering of securities and the distribution of this prospectus outside
the United States.
about
this prospectus
The registration statement of which this prospectus
forms a part that we have filed with the SEC, utilizing a shelf registration process, includes exhibits that provide more detail of the
matters discussed in this prospectus. Under the shelf registration process, the Selling Stockholders may, from time to time, offer and
sell the Shares described in this prospectus in one or more offerings. Information about the Selling Stockholders may change over time.
You should read this prospectus and the related exhibits filed with the SEC, together with the additional information described under
the headings “Where You Can Find Additional Information” and “Incorporation of Certain Information by Reference”
before making your investment decision.
You should rely only on the information provided
in or incorporated by reference in this prospectus, in any prospectus supplement or in a related free writing prospectus, or documents
to which we otherwise refer you. Neither we nor the Selling Stockholders have authorized anyone else to provide you with different information.
Neither we nor the Selling Stockholders have
authorized any dealer, agent or other person to give any information or to make any representation other than those contained or incorporated
by reference in this prospectus and any accompanying prospectus supplement or any related free writing prospectus. You must not rely
upon any information or representation not contained or incorporated by reference in this prospectus or an accompanying prospectus supplement
or any related free writing prospectus. This prospectus and any accompanying prospectus supplement and any related free writing prospectus,
if any, do not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities
to which they relate, nor do this prospectus and any accompanying prospectus supplement and any related free writing prospectus, if any,
constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful
to make such offer or solicitation in such jurisdiction. You should not assume that the information contained in this prospectus and
any accompanying prospectus supplement and any related free writing prospectus, if any, is accurate on any date subsequent to the date
set forth on the front of such document or that any information we have incorporated by reference is correct on any date subsequent to
the date of the document incorporated by reference, even though this prospectus and any accompanying prospectus supplement and any related
free writing prospectus is delivered or securities are sold on a later date.
Neither we nor the Selling Stockholders have
done anything that would permit this offering or possession or distribution of this prospectus or any free writing prospectus in any
jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourself about and
to observe any restrictions relating as to this offering and the distribution of this prospectus and any such free writing prospectus
outside the United States.
We further note that the representations, warranties
and covenants made by us in any agreement that is filed as an exhibit to any document that is incorporated by reference in this prospectus
were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among
the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations,
warranties or covenants were accurate only as of the date when made. Accordingly, such representations, warranties and covenants should
not be relied on as accurately representing the current state of our affairs.
You should also read and consider the information
in the documents to which we have referred you under the caption “Where You Can Find Additional Information” in this prospectus.
In addition, this prospectus contains summaries of certain provisions contained in some of the documents described herein, but reference
is made to the actual documents for complete information. All of the summaries are qualified in their entirety by the actual documents.
Copies of some of the documents referred to herein have been filed, will be filed or will be incorporated by reference as exhibits to
the registration statement of which this prospectus is a part, and you may obtain copies of those documents as described below under
the heading “Where You Can Find Additional Information.”
Unless the context otherwise requires, references
in this prospectus to “SenesTech,” “we,” “us,” “our” and “our company” refer
to SenesTech, Inc., a Delaware corporation. Our registered trademarks currently used in the United States include SenesTech, our logo,
including “Sound science. Effective solutions.”, and Contrapest. Solely for convenience, trademarks and tradenames referred
to in this prospectus may appear without the ® or ™ symbols, but such references are not intended to indicate in any way that
we will not assert, to the fullest extent under applicable law, our rights, or that the applicable owner will not assert its rights,
to these trademarks and tradenames. We do not intend our use or display of other companies’ trade names or trademarks to imply
a relationship with, or endorsement or sponsorship of us by, any other companies.
This prospectus contains and incorporates by
reference market data and industry statistics and forecasts that are based on our own internal estimates as well as independent industry
publications and other publicly available information. Although we believe these sources are reliable, we do not guarantee the accuracy
or completeness of this information and we have not independently verified this information. Although we are not aware of any misstatements
regarding the market and industry data presented in this prospectus or the documents incorporated herein by reference, these estimates
involve risks and uncertainties and are subject to change based on various factors, including those discussed under the headings “Risk
Factors” in this prospectus, and under similar headings in the other documents that are incorporated herein by reference. Accordingly,
investors should not place undue reliance on this information.
FORWARD-LOOKING
STATEMENTS
The statements contained in this prospectus that
are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities
Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). All statements other
than statements of historical facts contained or incorporated herein by reference in this prospectus, including statements regarding
our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and
objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms
such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “suggests,”
“targets,” “contemplates,” “projects,” “predicts,” “may,” “might,”
“plan,” “would,” “should,” “could,” “can,” “potential,” “continue,”
“objective,” or the negative of those terms, or similar expressions intended to identify forward-looking statements. However,
not all forward-looking statements contain these identifying words. Specific forward-looking statements in this prospectus include statements
regarding:
| ● | our
belief that there are growing concerns about the environmental and ecological impact of rodenticides
due to secondary exposure and bioaccumulation, including a push for safer and more humane
products as consumer awareness increases; |
| ● | our
belief that ContraPest targets the reproductive systems of both male and female rats, is
a highly palatable formulation, does not cause illness or changed behavior in rats, and leads
to significant reductions in fertility and rat populations; |
| ● | our
belief that Evolve is a novel soft bait product in the pest control industry that reduces
fertility in both male and female rats, its palatable formulation produces high acceptance
for sustained consumption even when other sought-after food sources are present, and it does
not cause illness in rats, and, therefore, it does not change behavior or result in bait
aversion; |
| ● | our
belief that by targeting the reproductive systems of both male and female rats, and with
palatability promoting continued consumption, the use of Evolve can lead to sustained reductions
of the rat population; |
| ● | our
expectation that when regulatory and financial conditions permit, we will seek regulatory
approval for additional jurisdictions beyond the United States; |
| ● | our
intent to use the proceeds from the exercise of any Warrants for cash for general corporate
purposes, which may include research and development expenses, capital expenditures, working
capital and general and administrative expenses, and potential acquisitions of or investments
in businesses, products and technologies that complement our business, although we have no
present commitments or agreements to make any such acquisitions or investments as of the
date of this prospectus; and |
| ● | our
expectation to continue to incur significant expenses and operating losses in the foreseeable
future. |
These forward-looking statements are not guarantees
of future performance and involve known and unknown risks, uncertainties and situations that are difficult to predict and that may cause
our own, or our industry’s, actual results to be materially different from the future results that are expressed or implied by
these statements. Accordingly, actual results may differ materially from those anticipated or expressed in such statements as a result
of a variety of factors, including those discussed in Item 1A- “Risk Factors” of Part I of our Annual Report on Form 10-K,
for the year ended December 31, 2024, filed with the SEC on March 13, 2025, and those contained from time to time in our other filings
with the SEC. A number of factors could cause our actual results to differ materially from those indicated by the forward-looking statements.
Such factors include, among others, the following:
| ● | the
successful commercialization of our products; |
| ● | market
acceptance of our products; |
| ● | our
financial performance, including our ability to fund operations; |
| ● | our
ability to maintain compliance with Nasdaq’s continued listing requirements; |
| ● | regulatory
approval and regulation of our products; and |
| ● | other
factors and risks identified from time to time in our filings with the SEC, including this
prospectus. |
All forward-looking statements included herein
are based on information available to us as of the date hereof and speak only as of such date. Except as required by law, we undertake
no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. The forward-looking
statements contained in or incorporated by reference into this prospectus reflect our views as of the date of this prospectus about future
events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results, performance
or achievements to differ significantly from those expressed or implied in any forward-looking statement. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, performance or achievements.
PROSPECTUS
SUMMARY
This summary highlights information contained
in other parts of this prospectus or incorporated by reference into this prospectus from our filings with the SEC, as described later
in the prospectus. Because it is only a summary, it does not contain all of the information that you should consider before investing
in our securities and it is qualified in its entirety by, and should be read in conjunction with, the more detailed information appearing
elsewhere in this prospectus, including the information incorporated by reference in this prospectus. You should read the entire prospectus
and the information incorporated by reference herein carefully, including the sections titled “Risk Factors,” “Management’s
Discussion and Analysis of Financial Condition and Results of Operations,” our audited financial statements and the related notes,
which are incorporated herein by reference from our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC
on March 13, 2025, and our unaudited financial statements and the related notes, which are incorporated herein by reference from our
Quarterly Reports on Form 10-Q for the three month period ended March 31, 2025 and for the three and six month periods ended June 30,
2025, filed with the SEC on May 8, 2025 and August 8, 2025, respectively. Please read “Where You Can Find Additional Information”
on page 12 of this prospectus.
Our Company
Overview
We have developed and are commercializing products
for managing animal pest populations through fertility control. Our current products focus on rat and mouse populations and are known
as ContraPest, Evolve Rat and Evolve Mouse.
As far back as we can trace, rodents - and in
particular rats - have been foes to mankind. Rodents pose threats to human and animal health, food security and infrastructure around
the world, and we have spent centuries trying to mitigate the problems associated with these pests. Rodents are known to be reservoir
hosts for at least 60 zoonotic diseases, and the potential transmission of these diseases creates a global risk to public health and
safety as well as agriculture. Through consumption and contamination, rats destroy at least 20% of the global stored food supply every
year. Additionally, rats cause over $27 billion in damage to public and private infrastructure annually in the United States alone by
burrowing beneath foundations and gnawing on electrical wiring, insulation, fire-proofing systems and equipment.
Over the centuries, the most prevalent response
to rodent infestations has been an attempt to eliminate them through the use of lethal tools such as traps and rodenticides. However,
there are growing concerns about the environmental and ecological impact of rodenticides due to secondary exposure and bioaccumulation,
including a push for safer and more humane products as consumer awareness increases. While some of these challenges are of recent concern,
the efficacy of how rodent infestations respond has always been limited by their extraordinary reproductive rate.
CONTRAPEST. ContraPest®, our initial product,
is a liquid bait, containing the active ingredients 4-vinylcyclohexene diepoxide (“VCD”) and triptolide. ContraPest, which
targets the reproductive systems of both male and female rats, is a highly palatable formulation, does not cause illness or changed behavior
in rats, and leads to significant reductions in fertility and rat populations. Accordingly, ContraPest is an additional tool to use as
part of an integrated pest management program.
In August 2016, the Environmental Protection
Agency (“EPA”) granted an unconditional registration for ContraPest as a Restricted Use Product (“RUP”), requiring
purchase or application oversight by a licensed professional. In October 2018, the EPA approved the removal of the RUP designation and
ContraPest was reclassified as a general-use pesticide. To date, ContraPest is registered in all 50 states (49 states and the District
of Columbia have approved the RUP designation) and two major U.S. territories, Puerto Rico and the U.S. Virgin Islands. On March 10,
2022, the EPA granted a sub-label for ContraPest allowing for an alternative delivery system in a hanging bait station. This sub-label
is marketed as Elevate Bait System™ and was designed to target roof rat habitats and infestations.
EVOLVE. The Evolve product line, which began
in the form of Evolve Rat, launched in January 2024, and is currently our lead product. Evolve Rat is a soft bait product that is novel
to the pest control industry and contains the active ingredient, cottonseed oil. Evolve Rat reduces fertility in both male and female
rats. Additionally, its palatable formulation produces high acceptance for sustained consumption even when other sought-after food sources
are present. Evolve Rat does not cause illness in rats and, therefore, it does not change behavior or result in bait aversion. By targeting
the reproductive systems of both male and female rats, and with palatability promoting continued consumption, the use of Evolve can lead
to sustained reductions of the rat population.
Evolve Rat meets the EPA’s minimum risk
pesticide conditions under the Federal Insecticide Fungicide and Rodenticide ACT (“FIFRA”), Section 25(b). Due to its classification,
Evolve Rat is exempt from federal registration because it poses little to no risk to human health and the environment. Evolve Rat may
also be used in agricultural application, as it is made from food ingredients with tolerance exemptions for both food and nonfood applications.
There are 10 states that accept the federal exemption for pesticide registration and require no additional determination or approval.
In states that do not accept the federal exemption, we must obtain registration from the various state regulatory agencies. To date,
we are authorized to sell Evolve Rat in 48 states and territories.
In May 2024, we launched Evolve Mouse, our latest
iteration of the Evolve product line. Evolve Mouse is a variation of our soft bait formulation and contains the active ingredient, cottonseed
oil, in a different concentration. Evolve Mouse limits reproduction of male and female mice and is also considered a minimum risk pesticide
under the EPA’s FIFRA, Section 25(b). To date, we are authorized to sell Evolve Mouse in 37 states.
We are continuously enhancing ContraPest and
Evolve to align with the unique needs and environments of our customers in our target verticals, while simultaneously pursuing regulatory
approvals and amendments to our existing U.S. registrations to broaden its use and marketability. When regulatory and financial conditions
permit, we will seek regulatory approval for additional jurisdictions beyond the United States.
For a complete description of our business, financial
condition, results of operations and other important information, please read our filings with the SEC that are incorporated by reference
in this prospectus, including our Annual Report on Form 10-K for the year ended December 31, 2024. For instructions on how to find copies
of these documents, please read “Where You Can Find Additional Information” and “Incorporation of Certain Information
by Reference.”
Recent Developments
Warrant Inducement
On August 4, 2025, we entered into inducement
offer letter agreements (the “Inducement Letters”) with certain holders (the “Holders”) of certain of our existing
warrants to purchase up to 1,458,872 shares of our Common Stock, originally issued to the Holders on July 1, 2025, at an exercise price
of $4.15 per share (the “Existing Warrants”). Pursuant to the Inducement Letters, the Holders agreed to exercise for cash
their Existing Warrants to purchase an aggregate of 1,458,872 shares of Common Stock at the existing exercise price of $4.15 per share
and pay a purchase price of $0.125 per share, or an aggregate purchase price of $273,538.50, in consideration of our agreement to issue,
in a private placement, new short-term Common Stock Warrants to purchase up to an aggregate of 2,188,308 shares of Common Stock
at an exercise price of $5.25 per share (the “Warrant Inducement”).The Common Stock Warrants are exercisable commencing on
the Closing Date (as defined below) and expire on the fifteen-month anniversary of the effective date of the registration statement of
which this prospectus forms a part. The closing of the transactions contemplated pursuant to the Inducement Letters occurred on August
5, 2025 (the “Closing Date”).
We engaged H.C. Wainwright
& Co., LLC (“Wainwright”) to act as our exclusive placement agent in connection with the Warrant Inducement. We also
agreed to issue to Wainwright or its designees Placement Agent Warrants to purchase up to 72,944 shares of Common Stock (representing
5% of the Existing Warrants being exercised), which Placement Agent Warrants have the same terms as the Common Stock Warrants except
that the Placement Agent Warrants have an exercise price equal to $5.4219 per share (125% of the offering price). The Placement Agent
Warrants are exercisable commencing on the Closing Date and expire on the fifteen-month anniversary of the effective date of the registration
statement of which this prospectus forms a part.
In connection with the Warrant Inducement, we
also agreed to file the registration statement of which this prospectus forms a part providing for the resale of the Shares issued or
issuable upon the exercise of the Warrants, as soon as practicable (and in any event within 15 calendar days of the date of the Inducement
Letters), and to use commercially reasonable efforts to have such registration statement declared effective by the SEC within 60 calendar
days following the date of the Inducement Letters (or within 90 calendar days following the date of the Inducement Letters in case of
a “full review” of such registration statement by the SEC) and to keep the registration statement effective at all times
until no holder of the Warrants owns any Warrants or Shares.
Corporate and Other Information
We were incorporated in Nevada in July 2004 and
reincorporated in Delaware in November 2015. Our principal executive offices are located at 13430 North Dysart Road, Suite 105, Surprise,
Arizona 85379, and our telephone number is (928) 779-4143. Our corporate website address is www.senestech.com. The information
contained on or accessible through our website is not a part of this prospectus and should not be relied upon in connection with making
an investment decision.
SUMMARY OF THE OFFERING
The Selling Stockholders
identified in this prospectus are offering on a resale basis an aggregate of 2,261,252 shares of Common Stock issuable upon the exercise
of the Warrants.
Securities
Offered by the Selling Stockholders |
|
Up to 2,261,252
shares of our Common Stock, par value $0.001 per share, consisting of (i) 2,188,308 shares of our Common Stock issuable upon the
exercise of the Common Stock Warrants, and (ii) 72,944 shares of our Common Stock issuable upon the exercise of the Placement Agent
Warrants. |
|
|
|
Use of Proceeds |
|
We will not receive any
of the proceeds from the sale of the Shares covered by this prospectus, except with respect to amounts received by us due to the
exercise of any Warrants for cash. We intend to use the proceeds from the exercise of any Warrants for cash for general corporate
purposes, which may include research and development expenses, capital expenditures, working capital and general and administrative
expenses, and potential acquisitions of or investments in businesses, products and technologies that complement our business, although
we have no present commitments or agreements to make any such acquisitions or investments as of the date of this prospectus. See
“Use of Proceeds.” |
|
|
|
Risk Factors |
|
You should carefully read
and consider the information set forth under “Risk Factors” on page 4 of this prospectus and under similar headings in
the documents incorporated by reference herein before deciding to invest in our securities. |
|
|
|
Market for Common Stock |
|
Our Common Stock is listed on The Nasdaq Capital Market
under the symbol “SNES.” |
RISK
FACTORS
Investing in our securities, including our Common
Stock, involves a number of risks. You should not invest unless you are able to bear the complete loss of your investment. You should
carefully consider the risks described below and discussed under the section entitled “Risk Factors” in our most recent Annual
Report on Form 10-K, which is incorporated herein by reference, together with other information in this prospectus and the information
and documents incorporated by reference in this prospectus, including our future reports on Form 10-K and 10-Q. For a description of
these reports and documents, and information about where you can find them, see “Where You Can Find More Information” and
“Incorporation of Certain Documents by Reference.” The risks and uncertainties we have described below and under the section
entitled “Risk Factors” in our most recent Annual Report on Form 10-K incorporated herein by reference are not the only risks
and uncertainties we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may
impair our business operations. If any of the risks actually occur, our business could be harmed. In such case, the trading price of
our Common Stock could decline and investors could lose all or a part of the money paid to buy our securities. Our actual results could
differ materially from those anticipated in these forward-looking statements as a result of these and other factors. See also the statements
contained under the heading “Forward-Looking Statements.”
Our business is subject to a number of risks,
including risks that may prevent us from achieving our business objectives or may adversely affect our business, results of operations,
financial condition and prospects. These risks are discussed more fully below and include risks related to the following:
Risks Related to this Offering
If we are unable to continue as a going
concern, our securities will have little or no value.
We have incurred operating losses since our inception,
and we expect to continue to incur significant expenses and operating losses for the foreseeable future. Our financial statements as
of December 31, 2024 and 2023 have been prepared under the assumption that we will continue as a going concern. Our independent registered
public accounting firm included in its opinion for the years ended December 31, 2024 and 2023 an explanatory paragraph referring
to our net loss from operations and net capital deficiency and expressing substantial doubt in our ability to continue as a going concern
without additional capital becoming available. If we encounter continued issues or delays in the commercialization of our products or
greater than anticipated expenses, our prior losses and expected future losses could have an adverse effect on our financial condition
and negatively impact our ability to fund continued operations, obtain additional financing in the future and continue as a going concern.
There are no assurances that such financing, if necessary, will be available to us at all or will be available in sufficient amounts
or on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty.
If we are unable to generate additional funds in the future through financings, sales of our products, licensing fees, royalty payments
or from other sources or transactions, we will exhaust our resources and will be unable to continue operations. If we cannot continue
as a going concern, our stockholders would likely lose most or all of their investment in us.
The sale of a
substantial amount of our shares of Common Stock, including resale of the Shares being registered hereunder, in the public market could
adversely affect the prevailing market price of our Common Stock.
We are registering for
resale 2,261,252 shares of Common Stock. Sales of substantial amounts of shares of our Common Stock in the public market, or the perception
that such sales might occur, could adversely affect the market price of our shares of Common Stock, and the market value of our other
securities. We cannot predict if and when the Selling Stockholders may sell such Shares in the public markets. Furthermore, in the future,
we may issue additional shares of Common Stock or other equity or debt securities convertible into shares of Common Stock. Any such issuance
could result in substantial dilution to our existing shareholders and could cause our stock price to decline.
We do not intend to pay any cash dividends
on Common Stock in the foreseeable future and, therefore, any return on your investment in Common Stock must come from increases in the
fair market value and trading price of Common Stock.
We do not intend to pay any cash dividends on
Common Stock in the foreseeable future and, therefore, any return on your investment in Common Stock must come from increases in the
fair market value and trading price of Common Stock.
USE
OF PROCEEDS
We are registering the Shares for resale by the
Selling Stockholders. We will not receive any of the proceeds from the sale of the Shares covered by this prospectus, except with respect
to amounts received by us due to the exercise of any Warrants for cash. If the Warrants are exercised in a cashless exercise, we will
not receive any proceeds from the exercise of the Warrants.
We intend to use the proceeds from the exercise
of any Warrants for cash for general corporate purposes, which may include research and development expenses, capital expenditures, working
capital and general and administrative expenses, and potential acquisitions of or investments in businesses, products and technologies
that complement our business, although we have no present commitments or agreements to make any such acquisitions or investments as of
the date of this prospectus.
Dilution
This offering of the Shares by the Selling Stockholders
on a continuous or delayed basis in the future will not result in a change to the net tangible book value per share before and after
the distribution of the Shares by the Selling Stockholders. However, purchasers of the Shares from the Selling Stockholders will experience
dilution to the extent of the difference between the amount per share paid and the net tangible book value per share of our Common Stock
at the time of the purchase.
DESCRIPTION OF PRIVATE PLACEMENT
On August 4, 2025, we entered into the Inducement
Letters with the Holders of the Existing Warrants to purchase up to 1,458,872 shares of our Common Stock, originally issued to the Holders
on July 1, 2025, at an exercise price of $4.15 per share. Pursuant to the Inducement Letters, the Holders agreed to exercise for cash
their Existing Warrants to purchase an aggregate of 1,458,872 shares of Common Stock at the existing exercise price of $4.15 per share
and pay a purchase price of $0.125 per share, or an aggregate purchase price of $273,538.50 in consideration of our agreement to issue,
in a private placement, new short-term Common Stock Warrants to purchase up to an aggregate of 2,188,308 shares of Common Stock
at an exercise price of $5.25 per share. The Common Stock Warrants are exercisable commencing on the Closing Date and expire on the fifteen-month
anniversary of the effective date of the registration statement of which this prospectus forms a part. The closing of the transactions
contemplated pursuant to the Inducement Letters occurred on August 5, 2025.
We engaged Wainwright to act as our exclusive
placement agent in connection with the Warrant Inducement. We also agreed to issue to the Wainwright or its designees Placement Agent
Warrants to purchase up to 72,944 shares of Common Stock (representing 5% of the Existing Warrants being exercised), which have the same
terms as the Common Stock Warrants except the Placement Agent Warrants have an exercise price equal to $5.4219 per share (125% of the
offering price). The Placement Agent Warrants are exercisable commencing on the Closing Date and expire on the fifteen-month anniversary
of the effective date of the registration statement of which this prospectus forms a part.
In connection with the Warrant Inducement, we
also agreed to file the registration statement of which this prospectus forms a part providing for the resale of the Shares issued or
issuable upon the exercise of the Warrants, as soon as practicable (and in any event within 15 calendar days of the date of the Inducement
Letters), and to use commercially reasonable efforts to have such registration statement declared effective by the SEC within 60 calendar
days following the date of the Inducement Letters (or within 90 calendar days following the date of the Inducement Letters in case of
a “full review” of such registration statement by the SEC) and to keep the registration statement effective at all times
until no holder of the Warrants owns any Warrants or Shares.
SELLING STOCKHOLDERS
We have prepared this prospectus to allow the
Selling Stockholders to offer for resale, from time to time, 2,261,252 Shares issuable upon the exercise of the Warrants. The Selling
Stockholders acquired the Warrants in connection with the Inducement Letters and related transactions, and we are filing the registration
statement of which this prospectus is a part pursuant to the Inducement Letters.
We do not know how long the Selling Stockholders
will hold the Warrants, whether the Selling Stockholders will exercise the Warrants, and upon such exercise, how long such Selling Stockholders
will hold the Shares before selling them, and we currently have no agreements, arrangements or understandings with the Selling Stockholders
regarding the sale of any of the Shares.
The following table presents information regarding
the Selling Stockholders and the Shares that they may offer and sell from time to time under this prospectus. The table is prepared based
on information supplied to us by the Selling Stockholders and reflects their holdings as of August 14, 2025, unless otherwise noted in
the footnotes to the table. Beneficial ownership is determined in accordance with the rules of the SEC, and thus represents voting or
investment power with respect to our securities. Under such rules, beneficial ownership includes any shares over which the Selling Stockholders
have sole or shared voting power or investment power as well as any shares the Selling Stockholders have the right to acquire within
60 days after the date of this table, including the Warrants. Unless otherwise indicated below, to our knowledge and subject to applicable
community property rules, the Selling Stockholders named in the table have sole voting and sole investment power with respect to all
equity interests beneficially owned.
Name of Selling Stockholder | |
Number of Shares of Common Stock Beneficially Owned Prior to Offering(1) | | |
Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus(2) | | |
Number of Shares of Common Stock Beneficially Owned After Offering(3) | | |
Percentage of Beneficial Ownership After Offering(4) | |
| |
| | |
| | |
| | |
| |
Lind Global Fund II, LP(5) | |
| 1,558,546 | (6) | |
| 782,616 | | |
| 775,930 | | |
| 4.99 | % |
Sabby Volatility Warrant Master Fund, Ltd.(7) | |
| 1,391,865 | (8) | |
| 1,119,516 | | |
| 272,349 | | |
| 3.78 | % |
PFS Trust(9) | |
| 390,000 | (10) | |
| 90,000 | | |
| 300,000 | | |
| 4.16 | % |
Glenbrook Capital Management Inc. Employee Profit-Sharing Plan(11) | |
| 190,000 | (12) | |
| 90,000 | | |
| 100,000 | | |
| 1.39 | % |
Intracoastal Capital, LLC(13) | |
| 47,481 | (14) | |
| 46,176 | | |
| 1,305 | | |
| * | |
KBB Asset Management(15) | |
| 60,000 | (16) | |
| 60,000 | | |
| — | | |
| — | |
Michael Vasinkevich(17) | |
| 142,119 | (18) | |
| 46,775 | | |
| 95,344 | | |
| 1.31 | % |
Noam Rubinstein(17) | |
| 69,815 | (19) | |
| 22,977 | | |
| 46,838 | | |
| * | |
Craig Schwabe(17) | |
| 7,480 | (20) | |
| 2,462 | | |
| 5,018 | | |
| * | |
Charles Worthman(17) | |
| 2,219 | (21) | |
| 730 | | |
| 1,489 | | |
| * | |
| (1) | Consists of shares of Common Stock and shares
of Common Stock issuable pursuant to the full exercise of the Warrants issued in the Warrant
Inducement and other warrants previously acquired from us. |
| (2) | Represents shares of Common Stock underlying
the Warrants issued to the Selling Stockholders in the Warrant Inducement. All of the Warrants
that are exercisable for the Shares offered hereby contain certain beneficial ownership limitations,
which provide that a holder of the Warrants will not have the right to exercise any portion
of its Warrants if such holder, together with its affiliates and attribution parties, would
beneficially own in excess of 4.99% of the number of shares of Common Stock outstanding immediately
after giving effect to such exercise, provided that upon at least 61 days prior notice to
us, a holder may increase or decrease such limitation up to a maximum of 9.99% of the number
of shares of Common Stock outstanding (each such limitation, a “Beneficial Ownership
Limitation”). |
| (3) | Assumes all Shares offered by the Selling
Stockholders hereby are sold and that the Selling Stockholders buy or sell no additional
shares of Common Stock prior to the completion of this offering. We do not know when or in
what amounts the Selling Stockholder may offer Shares for sale. The Selling Stockholder might
not sell any or might sell all of the Shares offered by this prospectus. Because the Selling
Stockholder may offer all or some of the Shares pursuant to this offering, and because there
are currently no agreements, arrangements or understandings with respect to the sale of any
of the Shares, we cannot estimate the number of the Shares that will be held by the Selling
Stockholder after completion of the offering. However, for purposes of this table, we have
assumed that, after completion of the offering, none of the Shares covered by this prospectus
will be held by the Selling Stockholders, including Common Stock issuable upon exercise of
the Warrants issued in the Warrant Inducement. |
| (4) | Based on 7,204,373 shares of Common Stock,
consisting of 4,943,121 shares of Common Stock outstanding as of August 14, 2025, and 2,261,252
Shares underlying the Warrants (assuming the full exercise of the Warrants), and excluding
279,894 shares of Common Stock currently held in abeyance. |
| (5) | The Common Stock and other securities are
held by Lind Global Fund II, LP. Each of Lind Global Fund II, LP, Lind Global Partners II
LLC and Jeff Easton has sole shared voting and dispositive power over the shares. The address
of Lind Global Fund is c/o The Lind Partners, 444 Madison Ave, 41st Floor, New
York, New York 10022. We do not have a material relationship with the Selling Stockholder
other than as a result of the ownership of our Common Stock or other securities. |
| (6) | Consists of (i) 211,976 shares of Common
Stock; and (ii) 1,346,570 shares of Common Stock issuable upon the exercise of outstanding
warrants, including 782,616 Shares issuable upon the exercise of the Warrants issued in connection
with the Warrant Inducement and being registered for resale pursuant to the registration
statement of which this prospectus forms a part, and excludes 279,894 shares of Common Stock
currently held in abeyance. The Selling Stockholder’s warrants prohibit the exercise
of such warrants if, after giving effect to such exercise, it would result in the Selling
Stockholder’s, including any person or entity whose beneficial ownership would be attributable
to the Selling Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership
Limitation. |
| (7) | The Common Stock and other securities are
held by Sabby Volatility Warrant Master Fund, Ltd. (“Sabby”). Sabby Management,
LLC, the investment manager to Sabby, has discretionary authority to vote and dispose of
the shares held by Sabby and may be deemed to be the beneficial owner of these shares. Hal
Mintz (“Mr. Mintz”), in his capacity as manager of Sabby Management, LLC, may
also be deemed to have investment discretion and voting power over the shares held by Sabby.
Sabby Management, LLC and Mr. Mintz each disclaim any beneficial ownership of these shares.
The address of Sabby Volatility Warrant Master Fund, Ltd. is c/o Captiva (Cayman) Ltd, Governors
Square, Bldg 4, 2nd Floor, 23 Lime Tree Bay Avenue, P.O. Box 32315, Grand Cayman
KY1-1209, Cayman Islands. We do not have a material relationship with the Selling Stockholder
other than as a result of the ownership of our Common Stock or other securities. |
| (8) | Consists of (i) 272,349 shares of Common
Stock; and (ii) 1,119,516 shares of Common Stock issuable upon the exercise of the Warrants
issued in connection with the Warrant Inducement and being registered for resale pursuant
to the registration statement of which this prospectus forms a part. The Selling Stockholder’s
warrants prohibit the exercise of such warrants if, after giving effect to such exercise,
it would result in the Selling Stockholder’s, including any person or entity whose
beneficial ownership would be attributable to the Selling Stockholder, beneficial ownership
exceeding the applicable Beneficial Ownership Limitation. |
| (9) | The Common Stock and other securities are
held by PFS Trust. Each of Grover T. Wickersham and Richard Rudgley holds sole shared voting
and dispositive power and disclaims beneficial ownership. The address of PFS Trust is 2207,
Suite B, Bellanca St., Minden, Nevada 89423. We do not have a material relationship with
the Selling Stockholder other than as a result of the ownership of our Common Stock or other
securities. |
| (10) | Consists of (i) 300,000 shares of Common Stock;
and (ii) 90,000 Shares issuable upon the exercise of the Warrants issued in connection
with the Warrant Inducement and being registered for resale pursuant to the registration
statement of which this prospectus forms a part. The Selling Stockholder’s warrants
prohibit the exercise of such warrants if, after giving effect to such exercise, it would
result in the Selling Stockholder’s, including any person or entity whose beneficial
ownership would be attributable to the Selling Stockholder, beneficial ownership exceeding
the applicable Beneficial Ownership Limitation. |
| (11) | The Common Stock and
other securities are held by Glenbrook Capital Management Inc. Employee Profit-Sharing Plan
(“Glenbrook”). Each of Grover T. Wickersham and Richard Rudgley holds sole shared
voting and dispositive power and disclaims beneficial ownership. The address of Glenbrook
is 5396 Avenue 18 ½, Chowchilla, CA 93610. We do not have a material relationship
with the Selling Stockholder other than as a result of the ownership of our Common Stock
or other securities. |
| (12) | Consists of (i) 100,000
shares of Common Stock; and (ii) 90,000 Shares issuable upon the exercise of the Warrants
issued in connection with the Warrant Inducement and being registered for resale pursuant
to the registration statement of which this prospectus forms a part. The Selling Stockholder’s
warrants prohibit the exercise of such warrants if, after giving effect to such exercise,
it would result in the Selling Stockholder’s, including any person or entity whose
beneficial ownership would be attributable to the Selling Stockholder, beneficial ownership
exceeding the applicable Beneficial Ownership Limitation. |
| (13) | The Common Stock and other securities are
held by Intracoastal Capital, LLC. Michael P. Kopin (“Mr. Kopin”) and Daniel
B. Asher (“Mr. Asher”), each of whom are managers of Intracoastal Capital, LLC
(“Intracoastal”), have shared voting control and investment discretion over the
securities reported herein that are held by Intracoastal. As a result, each of Mr. Kopin
and Mr. Asher may be deemed to have beneficial ownership (as determined under Section 13(d)
of the Exchange Act) of the securities reported herein that are held by Intracoastal. The
address of Intracoastal Capital, LLC is 245 Palm Trail, Delray Beach, Florida 33483. We do
not have a material relationship with the Selling Stockholder other than as a result of the
ownership of our Common Stock or other securities. |
| (14) | Consists of 47,481 shares
of Common Stock issuable upon the exercise of outstanding warrants, including 46,176 Shares
issuable upon the exercise of the Warrants issued in connection with the Warrant Inducement
and being registered for resale pursuant to the registration statement of which this prospectus
forms a part. The Selling Stockholder’s warrants prohibit the exercise of such warrants
if, after giving effect to such exercise, it would result in the Selling Stockholder’s,
including any person or entity whose beneficial ownership would be attributable to the Selling
Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
| (15) | The securities are held by KBB Asset Management.
The address of KBB Asset Management is 47 Calle Del Sur, Palm Coast, Florida 32137. We do
not have a material relationship with the Selling Stockholder other than as a result of the
ownership of our Common Stock or other securities. |
| (16) | Consists of 60,000 Shares issuable upon
the exercise of the Warrants issued in connection with the Warrant Inducement and being registered
for resale pursuant to the registration statement of which this prospectus forms a part.
The Selling Stockholder’s warrants prohibit the exercise of such warrants if, after
giving effect to such exercise, it would result in the Selling Stockholder’s, including
any person or entity whose beneficial ownership would be attributable to the Selling Stockholder,
beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
| (17) | The Selling Stockholder is affiliated with
Wainwright, a registered broker-dealer with a registered address of H.C. Wainwright &
Co., LLC, 430 Park Ave, 3rd Floor, New York, NY 10022. Wainwright acted as our placement
agent in the Warrant Inducement. The Selling Stockholder has sole voting and dispositive
power over the securities held, acquired the securities in the ordinary course of business
and, at the time the securities were acquired, the Selling Stockholder had no agreement or
understanding, directly or indirectly, with any person to distribute such securities. |
| (18) | Consists of 142,119 shares of Common Stock
issuable upon the exercise of outstanding warrants, including 46,775 Shares issuable upon
the exercise of the Warrants issued as compensation in connection with the Warrant Inducement
and being registered for resale pursuant to the registration statement of which this prospectus
forms a part. The Selling Stockholder’s warrants prohibit the exercise of such warrants
if, after giving effect to such exercise, it would result in the Selling Stockholder’s,
including any person or entity whose beneficial ownership would be attributable to the Selling
Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
| (19) | Consists of 69,815 shares of Common Stock
issuable upon the exercise of outstanding warrants, including 22,977 Shares issuable upon
the exercise of the Warrants issued as compensation in connection with Warrant Inducement
and being registered for resale pursuant to the registration statement of which this prospectus
forms a part. The Selling Stockholder’s warrants prohibit the exercise of such warrants
if, after giving effect to such exercise, it would result in the Selling Stockholder’s,
including any person or entity whose beneficial ownership would be attributable to the Selling
Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
| (20) | Consists of 7,480 shares of Common Stock
issuable upon the exercise of outstanding warrants, including 2,462 Shares issuable upon
the exercise of the Warrants issued as compensation in connection with the Warrant Inducement
and being registered for resale pursuant to the registration statement of which this prospectus
forms a part. The Selling Stockholder’s warrants prohibit the exercise of such warrants
if, after giving effect to such exercise, it would result in the Selling Stockholder’s,
including any person or entity whose beneficial ownership would be attributable to the Selling
Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
| (21) | Consists of 2,219 shares of Common Stock
issuable upon the exercise of outstanding warrants, including 730 Shares issuable upon the
exercise of the Warrants issued as compensation in connection with the Warrant Inducement
and being registered for resale pursuant to the registration statement of which this prospectus
forms a part. The Selling Stockholder’s warrants prohibit the exercise of such warrants
if, after giving effect to such exercise, it would result in the Selling Stockholder’s,
including any person or entity whose beneficial ownership would be attributable to the Selling
Stockholder, beneficial ownership exceeding the applicable Beneficial Ownership Limitation. |
PLAN
OF DISTRIBUTION
The Selling Stockholders and any of their pledges,
assignees and successors-in-interest may, from time to time, sell any or all of their Shares covered hereby on the principal trading
market or any other stock exchange, market or trading facility on which the Shares are traded or in private transactions. These sales
may be at fixed or negotiated prices. The Selling Stockholders may use any one or more of the following methods when selling the Shares:
| ● | ordinary
brokerage transactions and transactions in which the broker-dealer solicits purchasers; |
| ● | block
trades in which the broker-dealer will attempt to sell the Shares as agent, but may position
and resell a portion of the block as principal to facilitate the transaction; |
| ● | purchases
by a broker-dealer as principal and resale by the broker-dealer for its own account; |
| ● | an
exchange distribution in accordance with the rules of the applicable exchange; |
| ● | privately
negotiated transactions; |
| ● | short
sales effected after the date the registration statement of which this prospectus is a part
is declared effective by the SEC; |
| ● | through
the writing or settlement of options or other hedging transactions, whether through an options
exchange or otherwise; |
| ● | through
agreements between broker-dealers and the seller stockholder(s) to sell a specified number
of such Shares at a stipulated price per share; |
| ● | a
combination of any such methods of sale; and |
| ● | any
other method permitted by applicable law. |
The Selling Stockholders may also sell the Shares
under Rule 144 or any other exemption from registration under the Securities Act, if available, rather than under this prospectus.
Broker-dealers engaged by the Selling Stockholders
may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the Selling Stockholders
(or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser) in amounts to be negotiated, but, except
as set forth in a supplement to this prospectus, in the case of an agency transaction not in excess of a customary brokerage commission
in compliance with FINRA Rule 2121; and in the case of a principal transaction a markup or markdown in compliance with FINRA Rule 2121.
In connection with the sale of the Shares or
interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers or other financial institutions,
which may in turn engage in short sales of the Shares in the course of hedging the positions they assume. The Selling Stockholders may
also sell the Shares short and deliver the Shares to close out their short positions, or loan or pledge the securities to broker-dealers
that in turn may sell the Shares. The Selling Stockholders may also enter into option or other transactions with broker-dealers or other
financial institutions or create one or more derivative securities which require the delivery to such broker-dealer or other financial
institution of the Shares offered by this prospectus, which Shares such broker-dealer or other financial institution may resell pursuant
to this prospectus (as supplemented or amended to reflect such transaction).
The Selling Stockholders and any broker-dealers
or agents that are involved in selling the Shares may be deemed to be “underwriters” within the meaning of the Securities
Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale
of the Shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. The Selling Stockholders
have informed us that they do not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute
the Shares.
We agreed to keep this prospectus effective until
the Selling Stockholders no longer own any Warrants and all of the Shares have been sold pursuant to this prospectus or Rule 144 under
the Securities Act or any other rule of similar effect. The Shares will be sold only through registered or licensed brokers or dealers
if required under applicable state securities laws. In addition, in certain states, the Shares covered hereby may not be sold unless
they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement
is available and is complied with.
Under applicable rules and regulations under
the Exchange Act, any person engaged in the distribution of the resale Shares may not simultaneously engage in market making activities
with respect to the Common Stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution.
In addition, the Selling Stockholders will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder,
including Regulation M, which may limit the timing of purchases and sales of the Common Stock by the Selling Stockholders or any other
person. We will make copies of this prospectus available to the Selling Stockholders and have informed it of the need to deliver a copy
of this prospectus to each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the Securities
Act).
LEGAL
MATTERS
The validity of the Shares being offered hereby
will be passed upon for us by Greenberg Traurig, LLP, Phoenix, Arizona.
EXPERTS
The financial statements of our company as of
December 31, 2024 and 2023, and for each of the two years in the period ended December 31, 2024, incorporated by reference in this prospectus
have been so incorporated in reliance on the report of M&K CPAS, PLLC, an independent registered public accounting firm (which report
contains an explanatory paragraph describing conditions that raise substantial doubt about our ability to continue as a going concern, as
described in Note 1 to the financial statements), given on the authority of said firm as experts in auditing and accounting.
WHERE
YOU CAN FIND ADDITIONAL INFORMATION
We file annual, quarterly and current reports,
proxy statements and other information with the SEC. The SEC maintains a website that contains reports, proxy and information statements
and other information regarding companies, such as ours, that file documents electronically with the SEC. The website address is www.sec.gov.
The information on the SEC’s website is not part of this prospectus, and any references to this website or any other website are
inactive textual references only.
INCORPORATION
OF CERTAIN INFORMATION BY REFERENCE
We “incorporate by reference” certain
information into this registration statement, which means that we disclose important information to you by referring you to another document
filed separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus, and relying on the
Fixing America’s Surface Transportation Act, or the FAST Act, as a smaller reporting company, subsequent information that we file
with the SEC will automatically update and supersede that information. Any statement contained in a previously filed document incorporated
by reference will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in
this prospectus modifies or replaces that statement.
We incorporate by reference our documents listed
below and any future filings made by us with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act prior to the termination
of the offering, including documents we may file with the SEC after the date of the initial registration statement and prior to effectiveness
of the registration statement. We are not, however, incorporating by reference any documents or portions thereof, whether specifically
listed below or filed in the future, that are not deemed “filed” with the SEC, including any information furnished pursuant
to Items 2.02 or 7.01 of Form 8-K or related exhibits furnished pursuant to Item 9.01 of Form 8-K. This prospectus and any amendments
or supplements thereto incorporate by reference the documents set forth below that have previously been filed with the SEC:
| ● | Our
Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC
on March 13, 2025. |
| ● | Our
Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 28, 2025. |
| ● | Our
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, filed
with the SEC on May 8, 2025 and August 8, 2025, respectively. |
| ● | Our
Current Reports on Form 8-K filed with the SEC on January 10, 2025, March 11, 2025, June 10, 2025, June 30, 2025, July 1, 2025, July 10, 2025, and August 5, 2025. |
| ● | The
description of our capital stock contained in our registration statement on Form 8-A filed
with the SEC on November 7, 2016, including any amendments or reports filed for the purpose
of updating such description (including Exhibit 4.1 to our Amendment No. 1 to the Annual
Report on Form 10-K/A for the fiscal year ended December 31, 2019, filed with the SEC on
April 21, 2020). |
You should rely only on the information incorporated
by reference or provided in this prospectus. We have not authorized anyone else to provide you with any information. You should not assume
that the information incorporated by reference or provided in this prospectus is accurate as of any date other than the date on the front
of each document. You may request a free copy of any or all of the reports or documents incorporated by reference in this prospectus
(other than exhibits, unless they are specifically incorporated by reference in the documents) by writing or telephoning us at the following
address:
SenesTech, Inc.
13430 North Dysart Road, Suite 105
Surprise, Arizona 85379
Attn: Secretary
(928) 779-4143
We also maintain a website at www.senestech.com
where incorporated reports or other documents filed with the SEC may be accessed. We have not incorporated by reference into this prospectus
the information contained in, or that can be accessed through, our website, and you should not consider it to be part of this prospectus.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. Other Expenses of Issuance and Distribution
The following table sets forth the anticipated
costs and expenses payable by us (other than commissions and fees) in connection with the sale of the securities being registered. All
amounts shown are estimates except for the SEC registration fee.
SEC registration fee | |
$ | 1,544.04 | |
Legal fees and expenses | |
| 100,000.00 | |
Accounting fees and expenses | |
| 5,000.00 | |
Printing and miscellaneous fees and expenses | |
| 3,455.96 | |
Total | |
$ | 110,000.00 | |
ITEM 15. Indemnification of Directors and Officers
The Registrant incorporated under the laws of
the State of Delaware. Section 145 of the Delaware General Corporation Law provides that a Delaware corporation may indemnify any persons
who were, are, or are threatened to be made, parties to any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such
person is or was an officer, director, employee or agent of such corporation, or is or was serving at the request of such corporation
as an officer, director, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. The indemnification
may include expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by such person in connection with defending or settling such action, suit or proceeding, provided that such person acted in good faith
and in a manner he or she reasonably believed to be in or not opposed to the corporation’s best interests except that no indemnification
is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director
is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or her against
the expenses (including attorneys’ fees) actually and reasonably incurred.
The Registrant’s amended and restated certificate
of incorporation and amended and restated bylaws provide for the indemnification of its directors and officers to the fullest extent
permitted under the Delaware General Corporation Law.
Section 102(b)(7) of the Delaware General
Corporation Law permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be
personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, except for
liability for any:
| ● | Breach
of director’s duty of loyalty to the corporation or its stockholders; |
| ● | Act
or omission not in good faith or that involves intentional misconduct or a knowing violation
of law; |
| ● | Unlawful
payment of dividends or unlawful purchase or redemption of shares; or |
| ● | Transaction
from which the director derives an improper personal benefit; |
The Registrant’s amended and restated certificate
of incorporation includes such a provision. Expenses incurred by any officer or director in defending any such action, suit or proceeding
in advance of its final disposition shall be paid by the Registrant upon delivery to it of an undertaking, by or on behalf of such director
or officer, to repay all amounts so advanced if it shall ultimately be determined that such director or officer is not entitled to be
indemnified by the Registrant.
Section 174 of the Delaware General Corporation
Law provides, among other things, that a director who willfully or negligently approves of an unlawful payment of dividends or an unlawful
stock purchase or redemption, may be held jointly and severally liable for such actions. A director who was either absent when the unlawful
actions were approved or dissented at the time may avoid liability by causing his or her dissent to such actions to be entered in the
books containing minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent
director receives notice of the unlawful acts.
As permitted by the Delaware General Corporation
Law, the Registrant has entered into indemnification agreements with each of its directors and executive officers, that require the Registrant
to indemnify such persons against any and all costs and expenses (including attorneys’, witness or other professional fees) actually
and reasonably incurred by such persons in connection with any action, suit or proceeding (including derivative actions), whether actual
or threatened, to which any such person may be made a party by reason of the fact that such person is or was a director or officer or
is or was acting or serving as an officer, director, employee or agent of the Registrant or any of its affiliated enterprises. Under
these agreements, the Registrant is not required to provide indemnification for certain matters, including:
| ● | Indemnification
for expenses or losses with respect to proceedings initiated by the director or officer,
including any proceedings against the Registrant or its directors, officers, employees or
other indemnitees and not by way of defense, with certain exceptions; |
| ● | Indemnification
for any proceeding if a final decision by a court of competent jurisdiction determines that
such indemnification is prohibited by applicable law; |
| ● | Indemnification
for the disgorgement of profits arising from the purchase or sale by the director or officer
of securities of the Registrant in violation of Section 16(b) of the Exchange Act, or any
similar successor statute; or |
| ● | Indemnification
for the director or officer’s reimbursement to the Registrant of any bonus or other
incentive-based or equity-based compensation previously received by the director or officer
or payment of any profits realized by the director or officer from the sale of securities
of the Registrant, as required in each case under the Exchange Act. |
The indemnification agreements also set forth
certain procedures that will apply in the event of a claim for indemnification thereunder. Except as otherwise disclosed in our periodic
reports incorporated by reference herein, there is at present no pending litigation or proceeding involving any of the Registrant’s
directors or executive officers as to which indemnification is required or permitted, and the Registrant is not aware of any threatened
litigation or proceeding that may result in a claim for indemnification.
The Registrant has an insurance policy in place,
with limits of $6.0 million in the aggregate, that covers its officers and directors with respect to certain liabilities, including liabilities
arising under the Securities Act or otherwise. 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 SEC such indemnification is against public policy as expressed in the Securities Act and is,
therefore, unenforceable.
ITEM 16. Exhibits and Financial Statement Schedules
Exhibit
Number |
|
Description |
4.1 |
|
Form of the Registrant’s Common Stock certificate (incorporated by reference to Exhibit 4.1 to the Registrant’s Amendment No. 1 to Registration Statement on Form S-1, filed with the SEC on October 7, 2016 (File no. 333-213736)) |
4.2+ |
|
Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on December 21, 2016 (File no. 001-37941) |
4.3 |
|
Form of Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Amendment No. 1 to Registration Statement on Form S-1, filed with the SEC on November 16, 2017 (File no. 333-221433)) |
4.4 |
|
Form of Underwriter’s Warrant, as amended (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 21, 2017 (File no. 001-37941)) |
4.5 |
|
Form of New Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on June 20, 2018 (File no. 001-37941)) |
4.6 |
|
Form of Warrant issued to investors in Rights Offering (incorporated by reference to Exhibit 4.1 to the Registrant’s Quarterly Report on Form 10-Q, filed with the SEC on August 14, 2018 (File no. 001-37941)) |
4.7 |
|
Form of Warrant issued to dealer-manager in Rights Offering (incorporated by reference to Exhibit 4.2 to the Registrant’s Quarterly Report on Form 10-Q, filed with the SEC on August 14, 2018 (File no. 001-37941)) |
4.8 |
|
Warrant Agency Agreement, dated August 13, 2018, between the Registrant and Transfer Online, Inc. (incorporated by reference to Exhibit 4.3 to the Registrant’s Quarterly Report on Form 10-Q, filed with the SEC on August 14, 2018 (File no. 001-37941)) |
4.9 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on July 17, 2019 (File no. 001-37941)) |
4.10 |
|
Form of Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on January 28, 2020 (File no. 001-37941)) |
4.11 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on January 28, 2020 (File no. 001-37941)) |
4.12 |
|
Form of Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 6, 2020 (File no. 001-37941)) |
4.13 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 6, 2020 (File no. 001-37941)) |
4.14+ |
|
Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 4.6 to the Registrant’s Annual Report on Form 10-K, filed with the SEC on March 17, 2020 (File no. 001-37941)) |
4.15 |
|
Form of New Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on October 27, 2020 (File no. 001-37941)) |
4.16 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on October 27, 2020 (File no. 001-37941)) |
4.17 |
|
Form of Pre-Funded Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on February 2, 2021 (File no. 001-37941) |
4.18 |
|
Form of Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on February 2, 2021 (File no. 001-37941) |
4.19 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.3 to the Registrant’s Current Report on Form 8-K, filed with the SEC on February 2, 2021 (File no. 001-37941) |
4.20 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 23, 2021 (File no. 001-37941)) |
4.21 |
|
Form of Series A Warrant (incorporated by reference to Exhibit 4.21 to the Registrant’s Registration Statement on Form S-1/A, filed with the SEC on November 15, 2022 (File no. 333-267991)) |
4.22 |
|
Form of Series B Warrant (incorporated by reference to Exhibit 4.22 to the Registrant’s Registration Statement on Form S-1/A, filed with the SEC on November 15, 2022 (File no. 333-267991)) |
4.23 |
|
Form of Pre-Funded Warrant (incorporated by reference to Exhibit 4.23 to the Registrant’s Registration Statement on Form S-1/A, filed with the SEC on November 15, 2022 (File no. 333-267991)) |
4.24 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.24 to the Registrant’s Registration Statement on Form S-1/A, filed with the SEC on November 15, 2022 (File no. 333-267991)) |
4.25 |
|
Form of SenesTech, Inc. Stock Option Grant Notice and Stand-Alone Option Agreement (incorporated by reference to Exhibit 4.2 to the Registrant’s Registration Statement on Form S-8, filed with the SEC on February 10, 2023 (File no. 333-269686)) |
4.26 |
|
Form of SenesTech, Inc. Restricted Stock Unit Grant Notice and Stand-Alone Restricted Stock Unit Agreement (incorporated by reference to Exhibit 4.3 to the Registrant’s Registration Statement on Form S-8, filed with the SEC on February 10, 2023 (File no. 333-269686)) |
4.27 |
|
Form of Series C Warrant (incorporated by reference to Exhibit 4.28 to the Registrant’s Current Report on Form 8-K, filed with the SEC on April 12, 2023 (File no. 001-037941)) |
4.28 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.29 to the Registrant’s Current Report on Form 8-K, filed with the SEC on April 12, 2023 (File no. 001-037941)) |
4.29 |
|
Form of New Warrants (incorporated by reference to Exhibit 4.33 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 22, 2023 (File no. 001-37941)) |
4.30 |
|
Form of Series D Warrant (incorporated by reference to Exhibit 4.34 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 29, 2023 (File no. 001-37941)) |
4.31 |
|
Form of Series E Warrant (incorporated by reference to Exhibit 4.35 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 29, 2023 (File no. 001-37941)) |
4.32 |
|
Form of Pre-Funded Warrant (incorporated by reference to Exhibit 4.36 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 29, 2023 (File no. 001-37941)) |
4.33 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.37 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 29, 2023 (File no. 001-37941)) |
4.34 |
|
Form of Series F-1 Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 23, 2024 (File no. 001-37941)) |
4.35 |
|
Form of Series F-2 Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 23, 2024 (File no. 001-37941)) |
4.36 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.3 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 23, 2024 (File no. 001-37941)) |
4.37 |
|
Form of Series G Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 11, 2025 (File no. 001-37941)) |
4.38 |
|
Form of Placement Agent Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 11, 2025 (File no. 001-37941)) |
4.39 |
|
Form of Series H Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on July 1, 2025 (File no. 001-37941)) |
4.40 |
|
Form of Placement Agent Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on July 1, 2025 (File no. 001-37941)) |
4.41 |
|
Form of Series I Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 5, 2025 (File no. 001-37941)) |
4.42 |
|
Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, filed with the SEC on August 5, 2025 (File no. 001-37941)) |
5.1* |
|
Legal Opinion of Greenberg Traurig, LLP |
23.1* |
|
Consent of M&K CPAS, PLLC, independent registered public accounting firm |
23.2* |
|
Consent of Greenberg Traurig, LLP (contained in Exhibit 5.1) |
24.1* |
|
Power of Attorney (included on signature page hereof) |
107* |
|
Filing Fee Table |
+ |
Indicates a management
contract or compensatory plan. |
(b) Financial Statement Schedules
No financial statement schedules are provided
because the information called for is not required or is shown either in the financial statements or the notes thereto.
Item 17. Undertakings
The undersigned registrant hereby undertakes:
(a)(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; |
|
(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 SEC pursuant to Rule 424(b) if, in the aggregate, the changes
in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation
of Registration Fee” table in the effective registration statement; |
|
(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),
(a)(1)(ii) and (a)(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in periodic reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus
filed pursuant to Rule 424(b) that is part of 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 that remain unsold at the termination of the offering.
(4) That, for the purpose of determining
liability under the Securities Act of 1933 to any purchaser:
|
(i) |
Each prospectus filed by
the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus
was deemed part of and included in the registration statement; and |
|
(ii) |
Each prospectus required
to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to
an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a)
of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date
such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering
described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an
underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the
registration statement to which the prospectus relates, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part
of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement
or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective
date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration
statement or made in any such document immediately prior to such effective date. |
(5) That, for the purpose of determining liability
of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant
undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless
of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means
of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer
or sell such securities to such purchaser:
|
(i) |
Any preliminary prospectus
or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; |
|
(ii) |
Any free writing prospectus
relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; |
|
|
|
|
(iii) |
The portion of any other
free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities
provided by or on behalf of the undersigned registrant; and |
|
|
|
|
(iv) |
Any other communication
that is an offer in the offering made by the undersigned registrant to the purchaser. |
(b) The undersigned registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee
benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) 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 of 1933 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 SEC such indemnification is against
public policy as expressed in the Securities Act of 1933 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 of 1933 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-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the
City of Surprise, State of Arizona, on the 15th day of August 2025.
|
SENESTECH, INC. |
|
|
|
|
By: |
/s/ Joel
L. Fruendt |
|
|
Joel L. Fruendt |
|
|
President and Chief Executive Officer |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Joel L. Fruendt and Thomas C. Chesterman, and each of them, as his
or her true and lawful attorneys-in-fact and agents, each with the full power of substitution, for him or her and in his or her name,
place or stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments),
and to sign any registration statement for the same offering covered by this registration statement that is to be effective upon filing
pursuant to Rule 462(b) promulgated under the Securities Act, and all post-effective amendments thereto, and to file the same, with
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 and about the premises, as fully to 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 their, his or her substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
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/
Joel L. Fruendt |
|
President and Chief Executive Officer |
|
August 15, 2025 |
Joel L. Fruendt |
|
(Principal Executive Officer) |
|
|
|
|
|
|
|
/s/
Thomas C. Chesterman |
|
Executive Vice President,
Chief Financial Officer, |
|
August
15, 2025 |
Thomas C. Chesterman |
|
Treasurer and Secretary (Principal Financial and
Accounting Officer) |
|
|
|
|
|
|
|
/s/ Jamie
Bechtel |
|
Chair of the Board |
|
August 15, 2025 |
Jamie Bechtel |
|
|
|
|
|
|
|
|
|
/s/ Lynn
Y. Graham |
|
Director |
|
August 15, 2025 |
Lynn Y. Graham |
|
|
|
|
|
|
|
|
|
/s/ Phil
N. Grandinetti, III |
|
Director |
|
August 15, 2025 |
Phil N. Grandinetti, III |
|
|
|
|
|
|
|
|
|
/s/ Jake
S. Leach |
|
Director |
|
August 15, 2025 |
Jake S. Leach |
|
|
|
|
|
|
|
|
|
|
|
Director |
|
August 15, 2025 |
Joshua M. Moss |
|
|
|
|
|
|
|
|
|
/s/ Matthew
K. Szot |
|
Director |
|
August 15, 2025 |
Matthew K. Szot |
|
|
|
|
II-7