Exhibit 5.1
December
10, 2021
Dermata
Therapeutics, Inc.
3525
Del Mar Heights Rd., #322
San
Diego, CA 92130
Ladies
and Gentlemen:
We have
acted as counsel to Dermata Therapeutics, Inc. (the
“Company”), in connection with the Company’s
filing on the date hereof with the Securities and Exchange
Commission of a Registration Statement on Form S-8 (the
“Registration Statement”) under the Securities Act of
1933, as amended. The Registration Statement relates to the
registration of 1,648,213 shares (the “Shares”) of the
Company’s common stock, par value $0.0001 per share (the
“Common Stock”), issuable pursuant to the Dermata
Therapeutics, Inc. 2021 Omnibus Equity Incentive Plan, as amended
(the “Plan”).
In
connection with rendering this opinion, we have examined or are
familiar with the Registration Statement and related prospectuses,
the Plan, the Company’s Amended and Restated Certificate of
Incorporation (the “Certificate of Incorporation”), the
Amended and Restated By-Laws of the Company, the corporate
proceedings with respect to the authorization of the Registration
Statement, and such other certificates, instruments and documents
as we have considered necessary or appropriate for purposes of this
opinion. In such examination, we have assumed the genuineness of
all signatures, the authenticity of all documents submitted to us
as originals, conformity to the original documents of all documents
submitted to us as copies and the authenticity of the originals of
such latter documents. As to any facts material to our
opinion, we have, when relevant facts were not independently
established, relied upon the Registration Statement and the
aforesaid records, certificates and documents.
We
assume that the Company has sufficient unissued and unreserved
shares of Common Stock and (or will validly amend the Certificate
of Incorporation, to authorize a sufficient number of shares of
Common Stock prior to the issuance thereof) available for issuance
as provided in the Registration Statement and any related amendment
thereto or prospectus supplement.
Based
upon such examination and review, we are of the opinion that the
Shares, upon issuance and delivery as contemplated by the Plan,
will be validly issued, fully paid and nonassessable outstanding
shares of Common Stock.
The
opinion expressed herein is limited to the corporate laws of the
State of Delaware (including the statutory provisions, all
applicable provisions of the Delaware Constitution and reported
judicial decisions interpreting the foregoing) and we express no
opinion as to the effect on the matters covered by this letter of
the laws of any other jurisdiction. We assume no obligation to
advise you of facts or circumstances that come to our attention or
changes in law that occur which could affect the opinions contained
herein.
We
hereby consent to the filing of this letter as an exhibit to the
Registration Statement. In giving this consent, we do not admit
that we are in the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended, or
the rules and regulations of the SEC promulgated
thereunder.
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Very
Truly Yours,
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/s/ Lowenstein Sandler LLP
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Lowenstein
Sandler LLP
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