Document




Filed Pursuant to Rule 424(b)(3)
Registration No. 333-160648


Prospectus Supplement No. 2
(to Prospectus dated October 26, 2009)

CLEVELAND BIOLABS, INC.
350,357 Shares

This Prospectus Supplement No. 2 supplements and amends the prospectus dated October 26, 2009, as supplemented by prospectus supplement No. 1 dated November 23, 2009 (together, the “Original Prospectus”) relating to the offer and sale of up to 350,357 shares of our common stock which may be offered from time to time by certain of our stockholders of certain shares of our common stock. The Original Prospectus covered the offer and sale by certain of our stockholders of up to 4,366,381 shares of our common stock, and this prospectus supplement No. 2 relates to the offer and sale of the remaining 350,357 shares of our common stock that were not disposed of previously. We are not selling any shares of common stock in this offering and therefore will not receive any proceeds from this offering. You should read this prospectus supplement No. 2 together with the Original Prospectus. All share amounts in this prospectus supplement No. 2 reflect our 1-for-20 reverse stock split effected on January 28, 2015.

This prospectus supplement No. 2 should be read in conjunction with the Original Prospectus. Any statement contained in the Original Prospectus shall be deemed to be modified or superseded to the extent this prospectus supplement No. 2 modifies or supersedes such statement. This prospectus supplement No. 2 is not complete without, and may not be delivered or used except in connection with, the Original Prospectus, including all amendments and supplements thereto. We may amend or supplement the Original Prospectus, as supplemented by this prospectus supplement No. 2, from time to time by filing amendments or supplements as required.

Our common stock is traded on the NASDAQ Capital Market under the symbol “CBLI.” On March 20, 2018, the last reported sales price of our common stock was $3.32 per share.

Investing in our common stock involves a high degree risk. See “Risk Factors” beginning on page 6 of the Original Prospectus, “Risk Factors” beginning on page 17 of the annual report on Form 10-K filed by us with the Securities and Exchange Commission on March 6, 2018 and other information included and incorporated by reference in this prospectus for a discussion of the factors you should carefully consider before deciding to buy shares of our common stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the Original Prospectus or this Prospectus Supplement No. 2 is truthful or complete. Any representation to the contrary is a criminal offense.


The date of this prospectus supplement No. 2 is March 21, 2018.







SELLING STOCKHOLDERS

The table on page 7 of the Original Prospectus sets forth information with respect to the selling stockholders and the respective amounts of shares of our common stock beneficially owned by each selling stockholder that may be offered pursuant to the Original Prospectus. The purpose of this prospectus supplement No. 2 is to (i) reflect transfers by certain of the selling stockholders named in the Original Prospectus of warrants exercisable for the shares of our common stock being offered hereby and (ii) update the holdings of the other selling stockholders included in the Original Prospectus, in each case, by amending and restating that table in its entirety related to the offering of the remaining 441,069 shares of our common stock.

Information with respect to shares owned beneficially after the offering assumes the sale of all of the shares offered and no other purchases or sales of common stock. To our knowledge, except as noted below, no selling stockholder or any of their affiliates has held any position or office with, been employed by, or otherwise has held any material relationship with us or our affiliates during the three years prior to the date of this prospectus supplement no. 2.

We have prepared the following table based on information given to us by, or on behalf of, the selling stockholders on or before March 20, 2018. We have not independently verified this information. Information about the selling stockholders may change over time. In addition, the selling stockholders may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any time and from time to time, shares of our common stock in transactions exempt from the registration requirements of the Securities Act after the date on which they provided the information set forth on the table below.

Name and Address of Selling Stockholder
Shares of Common Stock Owned Before the Offering
Shares of Common Stock Being Offered
Shares of Common Stock Owned Upon Completion of the Offering
Jan Arnett
7 Longwood Road
Sands Point, New York 11050
5,728

5,728


Berdon Ventures LLC (1)
37 Westerleigh Road
Purchase, New York 10577
16,396

14,780

1,616

Guy Michael Dart (2)
834 Devon Avenue
Los Angeles, California 90024
5,728

5,728


Michael N. Emmerman (3)
151 East 63rd Street
New York, New York 10065
18,746

13,746

5,000

Jonathan Kamen
#1 Sunnyside Road
Greenville, Delaware 19807
7,637

7,637


Lindsay E. Dart Separate Property Trust (4)
1080 Wisconsin Avenue NW
Washington, D.C. 20007
3,819

3,819


Lindsay Dart Lincoln TTEE, Lindsay E. Dart Separate Property Trust (5)
1080 Wisconsin Avenue NW
Washington, D.C. 20007
1,910

1,910


Richard and Arline McGowan, JTWROS (6)
2445 Congress Street
Fairfield, Connecticut 06824
13,215

13,215









Martin H. Meyerson, TTEE (7)
19500 Turnberry Way
Aventura, Florida 33180
26,740

11,455

15,285

William F. Quirk Jr. (8)
10 Water Witch Crossing
Savannah, Georgia 31411
10,715

10,715


Lorin Wels (9)
133 Lakeview Drive
Old Tappan, New Jersey 07675
7,773

7,773


Iroquois Master Fund Ltd. (10)
205 E 42nd Street, 20th Floor
New York, New York 10017

6,552

6,552


Greenwich Growth Fund Limited
P.O. Box HM 2257
Hamilton HM JX, Bermuda
3,572

3,572


Intracoastal Capital, LLC (11)
245 Palm Trl
Delray Beach, Florida 33483
44,556

3,572

40,984

JPMCC FBO Stuart Schapiro JPMCC Master Defined Cont Money Purchase Pension Plan
41 Winged Foot Drive
Larchmont, New York 10538
2,136

1,786

350

Marschall-Cook-Critchley Family Ventures, F.L.P. (12)
P.O. Box 1039
Grantham, New Hampshire 03753
1,910

1,910


George L. Black Jr. Trust
4631 Lane Road
Zephyrhills, Florida 33541
1,528

1,528


Brad DeHaan
1605 Vandyk Road
Lynden, Washington 98264
379

379


Frank C. Heyman
8458 Jardin Way
Sandy, Utah 84093
925

925


Michael Silver and Lori Silver JT TEN (13)
216 Maison Court
Elmhurst, Illinois 60126
1,528

1,528


Steven E. Slawson (14)
19 Sawmill Road
Lebanon, New Jersey 08833
3,819

3,819


Old Kings Capital LP (15)
9 Old King's Highway South
Dorien, Connecticut 06820
3,026

3,026


Vertical Partners LP (16)
9 Old King's Highway South
Dorien, Connecticut 06820
8,194

8,194


Zanett Opportunity Fund Ltd. (17)
635 Madison Avenue, 15th Floor
New York, New York 10022
9,058

7,637

1,421

Robert Brous (18)
4 Kings Terrace Road
Kings Point, New York 11024
7,027

6,412

615

CRCK IV, LLC (19)
101 Park Avenue, 23rd Floor
New York, New York 10178
76,365

63,544

12,821

Next Generation Trust FBO Walter Schenker IRA (20)
75 Livingston Ave, Suite 304
Roseland, New Jersey 07068
3,819

3,819









Susan Schenker (21)
105 Windsor Drive
Pine Brook, New Jersey 07058
3,819

3,819


Walter Schenker (22)
105 Windsor Drive
Pine Brook, New Jersey 07058
3,412

3,412


MAZ Partners LP(23)
1130 Route 46, Suite 12
Parsippany, New Jersey 07054
10,563

10,563


James W. Harpel (24)
1102 North Ocean Boulevard
Palm Beach, Florida 33480
33,601

33,601


James W. Harpel, Jr. Trust 40 (25)
1102 North Ocean Boulevard
Palm Beach, Florida 33480
3,055

3,055


Anthony C. Harpel Trust 40 (26)
1102 North Ocean Boulevard
Palm Beach, Florida 33480
5,346

5,346


Jed F. Fisher (27)
3925 Savannah Pass
Mishawaka, Indiana 46545
955

955


Ronald Lukas (28)
135 Pueblo Court
Frankfort, Illinois 60423
6,339

6,339


Frank Decarolis IRA FCC as Custodian
5 Hill Drive
Oyster Bay, New York 11771
1,528

1,528


Robert H. Cohen (29)
37 Brookridge Road
New Rochelle, New York 10804
49,321

38,183

11,138

Dustin Cohen (30)
2 Hickory Lane
Scarsdale, New York 10583
893

893


Carly Cohen (31)
2 Hickory Lane
Scarsdale, New York 10583
893

893


John G. Manos Living Trust U/A/D - 7/21/04 (32)
85 Prospect Street
South Easton, Massachusetts 02375
2,673

2,673


Philip Patt and Maxine Patt JTWROS (33)
455 Devlon Park Drive
Wayne, Pennsylvania 19087
9,119

7,637

1,482

Thomas R. Ulie (34)
P.O. Box 814
Mercer Island, Washington 98040
11,455

11,455


Miriam Koryn
2406 Theall Road
Rye, New York 10580
3,819

3,819


Michael B. Pisani (35)
1290 Club House Road
Gladwyne, Pennsylvania 19035
1,070

1,070


Andrew Schenker (36)
300 Mercer Avenue, Apt. 15L
New York, New York 10003
407

407



None of the selling stockholders will beneficially own 1% or more of our outstanding common stock after the completion of the offering, based on 11,279,834 shares of common stock outstanding as of March 20, 2018








(1)    Shares of common stock being offered includes 10,715 shares of common stock underlying a Series D Warrant held by Berdon Ventures LLC. Frederick Berdon exercises voting and dispositive control over these shares.
(2)    Shares of common stock being offered includes 2,679 shares of common stock underlying Series D Warrants.
(3)    Shares of common stock being offered includes 6,429 shares of common stock underlying a Series D Warrant.
(4)    Shares of common stock being offered includes 1,786 shares of common stock underlying a Series D Warrant. Lindsay Dart Lincoln exercises voting and dispositive control over these shares. Does not include shares owned by Lindsay Dart Lincoln TTEE, Lindsay E. Dart Separate Property Trust over which Lindsay Dart Lincoln also exercises voting and dispositive control. These two selling stockholders collectively seek to register a total of 5,729 shares of common stock.
(5)    Shares of common stock being offered includes 893 shares of common stock underlying a Series D Warrant. Lindsay Dart Lincoln exercises voting and dispositive control over these shares. Does not include shares owned by Lindsay E. Dart Separate Property Trust, over which Lindsay Dart Lincoln also exercises voting and dispositive control. These two selling stockholders collectively seek to register a total of 5,729 shares of common stock.
(6)    Shares of common stock being offered includes 13,215 shares of common stock underlying a Series D Warrant. Richard McGowan served as director on the Company's board of directors until July 8, 2016.
(7)    Shares of common stock being offered includes 5,358 shares of common stock underlying Series D Warrants owned by Martin H. Meyerson, TTEE. Martin H. Meyerson exercises voting an dispositive control over these shares.
(8)    Shares of common stock being offered includes 10,715 shares of common stock underlying Series D Warrants.
(9)    Shares of common stock being offered includes 3,634 shares of common stock underlying a Series D Warrant.
(10)    Shares of common stock being offered includes 3,572 shares of common stock underlying a Series D Warrant. Joshua Silverman has voting and investment control over the shares held by Iroquois Master Fund Ltd. Mr. Silverman disclaims beneficial ownership of these shares.
(11)    Shares of common stock being offered includes 3,572 shares of common stock underlying Series D Warrants. The shares of common stock owned upon completion of offering represent shares of common stock underlying Series A Warrants which are currently exercisable. Mitchell P. Kopin and Daniel B. 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 of the securities reported herein that are held by Intracoastal.
(12)    Shares of common stock being offered includes 893 shares of common stock underlying a Series D Warrant. June Louise Critchley exercises voting and dispositive control over these shares.
(13)    Shares of common stock being offered includes 715 shares of common stock underlying a Series D Warrant.
(14)    Shares of common stock being offered includes 1,786 shares of common stock underlying a Series D Warrant.
(15)    Goodnow Investment Group (“Goodnow”) is the investment manager of Old Kings Capital LP. Peter J. Gavey, in his role as Chief Compliance Officer of Goodnow, exercises voting and dispositive control over these shares. Does not include shares owned by Vertical Partners LP, over which Mr. Gavey also exercises voting and dispositive control. These two selling stockholders collectively seek to register a total of 11,220 shares of common stock.
(16)    Goodnow is the investment manager of Vertical Partners LP. Peter J. Gavey, in his role as Chief Compliance Officer of Goodnow, exercises voting and dispositive control over these shares. Does not include shares owned by Old Kings Capital LP, over which Mr. Gavey also exercises voting and dispositive control. These two selling stockholders collectively seek to register a total of 11,220 shares of common stock.







(17)    Shares of common stock being offered includes 3,572 shares of common stock underlying a Series D Warrant. Zachary McAdoo, President and Director of Zanett Opportunity Fund, Ltd., exercises voting and dispositive control over these shares.
(18)    Shares of common stock being offered includes 1,429 shares of common stock underlying Series D Warrants and 3,357 shares of common stock underlying Agent Warrants.
(19)    Shares of common stock being offered includes 35,715 shares of common stock underlying a Series D Warrant. Paul P. Tanico, Ellen H. Adams, and Maria Lamari Burden exercise voting and dispositive control over these shares.
(20)    Shares of common stock being offered includes 1,786 shares of common stock underlying a Series D Warrant. Walter Schenker exercises voting and dispositive control over these shares. Does not include shares owned by Walter Schenker or Susan Schenker, the spouse of Walter Schenker, individually, over which each of them exercises voting and dispositive control. Nor does it include shares owned by MAZ Partners, over which Walter Schenker exercises partial voting and dispositive control. These four selling stockholders collectively seek to register a total of 21,613 shares of common stock.
(21)    Shares of common stock being offered includes 1,786 shares of common stock underlying a Series D Warrant. Does not include shares owned by Walter Schenker, the spouse of Susan Schenker, individually or Next Generation Trust FBO Walter Schenker, over which Walter Schenker exercises voting and dispositive control. Nor does it include shares owned by MAZ Partners, over which Walter Schenker exercises partial voting and dispositive control. These four selling stockholders collectively seek to register a total of 21,613 shares of common stock.
(22)    Shares of common stock being offered includes 1,786 shares of common stock underlying a Series D Warrant. Does not include shares owned by Susan Schenker, the spouse of Walter Schenker, individually, over which Susan Schenker exercises voting and dispositive control, or Next Generation Trust FBO Walter Schenker, over which Walter Schenker exercises voting and dispositive control. Nor does it include shares owned by MAZ Partners, over which Walter Schenker exercises partial voting and dispositive control. These four selling stockholders collectively seek to register a total of 21,613 shares of common stock.
(23)    Shares of common stock being offered includes 5,358 shares of common stock underlying a Series D Warrant. Walter Schenker exercises partial voting and dispositive control over these shares. Does not include shares owned by Walter Schenker, or Susan Schenker, the spouse of Walter Schenker, individually, over which each of them exercises voting and dispositive control. Nor does it include shares owned by Next Generation Trust FBO Walter Schenker, over which Walter Schenker exercises voting and dispositive control. These four selling stockholders collectively seek to register a total of 21,613 shares of common stock.
(24)    Shares of common stock being offered includes 15,715 shares of common stock underlying Series D Warrants. Does not include shares owned by James W. Harpel, Jr. Trust 40 or Anthony C. Harpel Trust 40, over which James W. Harpel, as trustee, exercises voting and dispositive control. These three selling stockholders collectively seek to register a total of 42,002 shares of common stock.
(25)    Shares of common stock being offered includes 1,429 shares of common stock underlying a Series D Warrant. James W. Harpel, trustee, exercises voting and dispositive control over these shares. Does not include shares owned by James W. Harpel or Anthony C. Harpel Trust 40, over which James W. Harpel individually and as trustee, respectively, exercises voting and dispositive control. These three selling stockholders collectively seek to register a total of 42,002 shares of common stock.
(26)    Shares of common stock being offered includes 2,500 shares of common stock underlying a Series D Warrant. James W. Harpel, trustee, exercises voting and dispositive control over these shares. Does not include shares owned by James W. Harpel or James W. Harpel, Jr. Trust 40, over which James W. Harpel individually and as trustee, respectively, exercises voting and dispositive control. These three selling stockholders collectively seek to register a total of 42,002 shares of common stock.
(27)    Shares of common stock being offered includes 447 shares of common stock underlying a Series D Warrant.







(28)    Shares of common stock being offered includes 2,965 shares of common stock underlying a Series D Warrant.
(29)    Shares of common stock being offered includes 17,858 shares of common stock underlying a Series D Warrant.
(30)    Shares of common stock being offered includes 893 shares of common stock underlying a Series D Warrant.
(31)    Shares of common stock being offered includes 893 shares of common stock underlying a Series D Warrant.
(32)    Shares of common stock being offered includes 1,250 shares of common stock underlying a Series D Warrant. Each of Dorothy Mason and John Manos have the individual authority to exercise voting and dispositive control over these shares.
(33)    Shares of common stock being offered includes 3,572 shares of common stock underlying Series D Warrants.
(34)    Shares of common stock being offered includes 5,358 shares of common stock underlying a Series D Warrant.
(35)    Shares of common stock being offered includes 250 shares of common stock underlying a Series D Warrant.
(36)    Shares of common stock being offered represent shares of common stock transferred to Andrew Schenker by Walter Schenker in a gift transaction.