250 VESEY STREET ● NEW YORK, NEW YORK 10281.1047
TELEPHONE: +1.212.326.3939 ● FACSIMILE: +1.212.755.7306
July 16, 2021
2800 Mount Ridge Road
Roseville, MN 55113
Re: Registration Statement on Form S-8 Filed by Calxyt, Inc.
Ladies and Gentlemen:
We have acted as counsel for Calyxt, Inc., a Delaware corporation (the Company), in connection with the Calyxt, Inc. 2017 Omnibus Incentive Plan (as amended, effective May 18, 2021) and the Calxyt, Inc. Employee Inducement Incentive Plan (together, the Plans). In connection with the opinion expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of such opinion. Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that the aggregate 4,899,904 shares (the Shares) of common stock, par value $0.0001 per share, of the Company that may be issued or delivered and sold pursuant to the Plans and the authorized forms of stock option, restricted stock unit, performance stock unit, or other applicable award will be, when issued or delivered and sold in accordance with the applicable Plan, validly issued, fully paid and nonassessable, provided that the consideration for the Shares is at least equal to the stated par value thereof.
The opinion expressed herein is limited to the General Corporation Law of the State of Delaware, as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction on the opinion expressed herein. In addition, we have assumed that the resolutions authorizing the Company to issue or deliver and sell the Shares pursuant to the Plans will be in full force and effect at all times at which the Shares are issued or delivered or sold by the Company, and that the Company will take no action inconsistent with such resolutions.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement on Form S-8 filed by the Company to effect the registration of the Shares under the Securities Act of 1933 (the Act). In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
Very truly yours,
/s/ Jones Day
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