SEC Comment Letter for HG Holdings, Inc. (STLY) (CIK 0000797465) (STLY) — May 4, 2020
HG Holdings, Inc. (STLY) (CIK 0000797465)
Date: May 4, 2020 · CIK: 0000797465 · Accession: 0000000000-20-003870
AI Filing Summary & Sentiment
File numbers found in text: 333-235539
Letter
United States securities and exchange commission logo May 4, 2020 Brad G. Garner Principal Financial Officer HG Holdings, Inc. 2115 E. 7th Street, Suite 101 Charlotte, North Carolina 28204 Re:HG Holdings, Inc. Amendment No. 3 to Registration Statement on Form S-1 Filed April 13, 2020 File No. 333-235539 Dear Mr. Garner: We have reviewed your April 30, 2020 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Unless we note otherwise, our reference to prior comment is to a comment in our April 28, 2020 letter. Form S-1 filed on April 13. 2020 Unaudited Pro Forma Financial Statements, page 4 1.We note your response to our prior comment 2. Regulation S-X requires completed or probable transactions that would be material to investors be reflected in pro forma financial information as well as events or transactions directly attributable to the completed or probable transactions. Please revise your pro forma financial information to reflect your additional investments in HC Realty and those transactions directly attributable to the additional investments. You may contact Peter McPhun at 202-551-3581 or Shannon Menjivar at 202-551-3856 if you have questions regarding comments on the financial statements and related
FirstName LastNameBrad G. Garner Comapany NameHG Holdings, Inc. May 4, 2020 Page 2 FirstName LastName Brad G. Garner HG Holdings, Inc. May 4, 2020 Page 2 matters. Please contact Ruairi Regan at 202-551-3269 or David Link at 202-551-3356 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: David W. Robertson, Esq.
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United States securities and exchange commission logo
May 4, 2020
Brad G. Garner
Principal Financial Officer
HG Holdings, Inc.
2115 E. 7th Street, Suite 101
Charlotte, North Carolina 28204
Re:HG Holdings, Inc.
Amendment No. 3 to Registration Statement on Form S-1
Filed April 13, 2020
File No. 333-235539
Dear Mr. Garner:
We have reviewed your April 30, 2020 response to our comment letter and have the
following comment. In our comment, we may ask you to provide us with information so we may
better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to this comment, we may have additional comments. Unless we note
otherwise, our reference to prior comment is to a comment in our April 28, 2020 letter.
Form S-1 filed on April 13. 2020
Unaudited Pro Forma Financial Statements, page 4
1.We note your response to our prior comment 2. Regulation S-X requires completed or
probable transactions that would be material to investors be reflected in pro forma
financial information as well as events or transactions directly attributable to the
completed or probable transactions. Please revise your pro forma financial information to
reflect your additional investments in HC Realty and those transactions directly
attributable to the additional investments.
You may contact Peter McPhun at 202-551-3581 or Shannon Menjivar at 202-551-3856
if you have questions regarding comments on the financial statements and related
FirstName LastNameBrad G. Garner
Comapany NameHG Holdings, Inc.
May 4, 2020 Page 2
FirstName LastName
Brad G. Garner
HG Holdings, Inc.
May 4, 2020
Page 2
matters. Please contact Ruairi Regan at 202-551-3269 or David Link at 202-551-3356 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: David W. Robertson, Esq.