As filed with the Securities and Exchange Commission
on July 11, 2024
Registration
No. 333–278973
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
PRE-EFFECTIVE AMENDMENT NO. 2
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________
LendingTree,
Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
26-2414818 |
(State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification Number) |
1415 Vantage Park Dr., Suite 700
Charlotte, North Carolina 28203
(704)541-5351
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
____________________
Heather Novitsky, Esq.
General Counsel
LendingTree, Inc.
1415 Vantage Park Dr., Suite 700
Charlotte, North Carolina 28203
(704) 541-5351
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
____________________
Copy to:
Lindsay H. Ferguson, Esq.
Edwin Astudillo, Esq.
Sheppard, Mullin, Richter & Hampton LLP
2200 Ross Avenue, 20th Floor
Dallas, Texas 75201
(469) 391-7400
____________________
Approximate date of commencement of proposed
sale to the public: From time to time after the effective date of this registration statement.
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 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.
EXPLANATORY NOTE
LendingTree, Inc. is filing this Pre-Effective
Amendment No. 2 (“Amendment No. 2”) to its Registration Statement on Form S-3 (333-278973), originally filed on April
26, 2024 (the “Registration Statement”), as an exhibit-only filing solely to file an updated auditor consent as Exhibit 23.1.
This Amendment No. 2 consists only of the facing page, this explanatory note, Part II of the Registration Statement, the signature page
to the Registration Statement, and the exhibit being filed with this Amendment No. 2. Part I of the Registration Statement is unchanged
and has been omitted.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution.
The following table sets
forth the costs and expenses, other than underwriting discounts and commissions, payable by LendingTree, Inc. (the “Company”)
in connection with the offering of the securities being registered. All the amounts shown are estimates, except for the SEC registration
fee.
SEC registration fee |
$ |
22,140 |
FINRA filing fee |
$ |
* |
Accounting fees and expenses |
$ |
* |
Legal fees and expenses |
$ |
* |
Transfer agent fees and expenses |
$ |
* |
Trustee fees and expenses |
$ |
* |
Printing and miscellaneous expenses |
$ |
* |
Total |
$ |
* |
* These fees are calculated based on the
securities offered and the number of issuances and, accordingly, cannot be estimated at this time.
Item 15. Indemnification of Directors and
Officers.
Section 145 of the General
Corporation Law of the State of Delaware (the “DGCL”) provides that a corporation may indemnify directors and officers as
well as other employees and individuals against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement
in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative,
in which such person is made a party by reason of the fact that the person is or was a director, officer, employee or agent of the corporation
(other than an action by or in the right of the corporation - a “derivative action”), if such person acted in good faith and
in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any
criminal action or proceeding, had no reasonable cause to believe such person’s conduct was unlawful. A similar standard is applicable
in the case of derivative actions, except that indemnification only extends to expenses (including attorneys’ fees) incurred in
connection with the defense or settlement of such action, and the statute requires court approval before there can be any indemnification
where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other
indemnification that may be granted by a corporation’s by-laws, disinterested director vote, stockholder vote, agreement or otherwise.
The Amended and Restated
Certificate of Incorporation of the Company provides that no director shall be liable to the Company or its stockholders for monetary
damages for breach of fiduciary duty as a director, except to the extent such exemption from liability or limitation on liability is
not permitted under the DGCL, as now in effect or as amended. Currently, Section 102(b)(7) of the DGCL requires that liability be imposed
for the following:
| · | any
breach of the director’s duty of loyalty to the Company or its stockholders; |
| | |
| · | acts
or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
| | |
| · | unlawful
payments of dividends or unlawful stock purchases or redemptions as provided in Section 174 of the DGCL; and |
| | |
| · | any
transaction from which the director derived an improper personal benefit. |
The Company’s Fourth
Amended and Restated By-Laws provide that, to the fullest extent authorized by the DGCL, as now in effect or as amended, the Company will
indemnify any person who was or is a party or is threatened to be made a party to or is otherwise involved in any action, suit or proceeding
by reason of the fact that such person, or a person of whom he or she is the legal representative, is or was a director or officer of
the Company, or by reason of the fact that such person, or a person of whom he or she is the legal representative, is or was serving,
at the Company’s request, as a director, officer or trustee of another corporation or of a partnership, joint venture, trust or
other enterprise, including service with respect to employee benefit plans maintained or sponsored by the Company. To the extent authorized
by the DGCL, the Company will indemnify such persons against all expenses, liability and loss (including attorneys’ fees, judgments,
fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by such persons in
connection with such service. Any amendment of these provisions will not reduce the indemnification obligations of the Company relating
to actions taken before such amendment.
The Company maintains a directors’
and officers’ liability insurance policy insuring its directors and officers against certain liabilities and expenses incurred by
them in their capacities as such and insuring the Company, under certain circumstances, in the event that indemnification payments are
made by the Company to such directors and officers.
Item 16. Exhibits.
Exhibit
Number |
Description |
Filed
Herewith |
Incorporated by Reference to |
1.1* |
Form of Underwriting Agreement (Equity) |
|
|
1.2* |
Form of Underwriting Agreement (Debt Securities) |
|
|
3.1 |
Amended and Restated Certificate of Incorporation of LendingTree, Inc. |
|
Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on August 25, 2008 |
3.2 |
Certificate of Amendment of Amended and Restated Certificate of Incorporation of LendingTree, Inc. |
|
Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on December 31, 2014 |
3.3 |
Fourth Amended and Restated By-Laws of LendingTree, Inc. |
|
Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on November 15, 2017 |
4.1 |
Specimen Common Stock Certificate |
|
Exhibit 4.1 to the Registrant’s Registration Statement on Form S-3 filed on November 2, 2015 |
4.2 |
Form of Senior Debt Indenture |
|
Exhibit 4.2 to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
4.3* |
Form of Senior Debt Security |
|
|
4.4 |
Form of Subordinated Debt Indenture |
|
Exhibit 4.4 to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
4.5* |
Form of Subordinated Debt Security |
|
|
4.6* |
Form of Capital Stock Warrant Agreement |
|
|
4.7* |
Form of Capital Stock Warrant Certificate |
|
|
4.8* |
Form of Debt Securities Warrant Agreement |
|
|
4.9* |
Form of Debt Securities Warrant Certificate |
|
|
4.10* |
Form of Subscription Right |
|
|
4.11* |
Form of Unit Agreement |
|
|
4.12* |
Form of Unit Certificate |
|
|
5.1 |
Opinion of Sheppard Mullin Richter & Hampton, LLP |
|
Exhibit 5.1 to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
23.1 |
Consent of PricewaterhouseCoopers LLP |
X |
|
23.2 |
Consent of Sheppard Mullin Richter & Hampton, LLP (included in Exhibit 5.1) |
|
Exhibit 23.2 to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
24.1 |
Power of Attorney (included on signature page) |
|
Included on the signature page to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
25.1* |
Statement of Eligibility and Qualification on Form T-1 of the trustee under the Senior Indenture |
|
|
25.2* |
Statement of Eligibility and Qualification on Form T-1 of the trustee under the Subordinated Indenture |
|
|
107 |
Filing Fee Table |
|
Exhibit 107 to the Registrant’s Registration Statement on Form S-3 filed on April 26, 2024 |
____________________
* | To be filed, if applicable, by amendment or by a report filed
under the Securities Exchange Act of 1934, as amended, and incorporated herein by reference. |
Item 17. Undertakings.
The undersigned
registrant hereby undertakes:
(1) | To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement: |
(i) To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(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 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration
Fee” table in the effective registration statement; and
(iii) To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
provided, however,
that the undertakings set forth in paragraphs (1)(i), (1)(ii) and (1)(iii) above do not apply if the information required to be included
in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are incorporated by reference
in this registration statement or are contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration
statement.
(2) | That, for the purpose of determining any liability under the Securities
Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(3) | To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination of the offering. |
(4) | That, for the purpose of determining liability under the Securities
Act 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 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 that 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 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. |
(6) | That, for purposes of determining any liability under the Securities
Act: |
(i) the
information omitted from the form of prospectus filed as part of the registration statement in reliance upon Rule 430A and contained in
the form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to
be part of the registration statement as of the time it was declared effective; and
(ii) each
post-effective amendment that contains a form of prospectus 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.
(7) | That, for purposes of determining any liability under the Securities
Act, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(8) | To file an application for the purpose of determining the eligibility
of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act in accordance with the rules and regulations prescribed
by the SEC under Section 305(b)(2) of the Trust Indenture Act. |
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. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of
the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements
of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Charlotte, State of North Carolina, on July 11, 2024.
|
LendingTree, Inc. |
|
|
|
By: |
/s/ Trent Ziegler |
|
|
Trent Ziegler
Chief Financial Officer |
Pursuant to the requirements
of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in their capacities and
on the date indicated.
Signature |
|
Title |
|
Date |
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* |
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Chairman, Chief Executive Officer and Director |
|
July 11, 2024 |
Douglas R. Lebda |
|
(Principal Executive Officer) |
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|
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|
|
/s/ Trent Ziegler |
|
Chief Financial Officer |
|
July 11, 2024 |
Trent Ziegler |
|
(Principal Financial Officer) |
|
|
|
|
|
|
|
* |
|
Senior Vice President and Chief Accounting Officer |
|
July 11, 2024 |
Carla Shumate |
|
(Principal Accounting Officer) |
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* |
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Director |
|
July 11, 2024 |
Gabriel Dalporto |
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* |
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Director |
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July 11, 2024 |
Thomas M. Davidson |
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* |
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Director |
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July 11, 2024 |
Mark Ernst |
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* |
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Director |
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July 11, 2024 |
Robin Henderson |
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* |
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Director |
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July 11, 2024 |
Steven Ozonian |
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* |
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Director |
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July 11, 2024 |
Diego Rodriguez |
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* |
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Director |
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July 11, 2024 |
Saras Sarasvathy |
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* |
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Director |
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July 11, 2024 |
G. Kennedy Thompson |
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*By: |
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/s/ Trent Ziegler |
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Attorney-in-fact |
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Trent Ziegler |
|
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
We hereby consent to the incorporation by reference
in this Registration Statement on Form S-3 of LendingTree, Inc. of our report dated February 28, 2024 relating to the financial statements
and the effectiveness of internal control over financial reporting, which appears in LendingTree, Inc.'s Annual Report on Form 10-K for
the year ended December 31, 2023. We also consent to the reference to us under the heading “Experts” in such Registration
Statement.
/s/ PricewaterhouseCoopers LLP
Charlotte, North Carolina
July 11, 2024
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