SEC Comment Letter for Cellectar Biosciences, Inc. (CLRB) (CIK 0001279704) (CLRB) — Jun 3, 2014
Cellectar Biosciences, Inc. (CLRB) (CIK 0001279704)
Date: June 3, 2014 · CIK: 0001279704 · Accession: 0000000000-14-028090
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June 2 , 2014 Via E -mail Simon Pedder, Ph.D. President and Chief Executive Officer Cellectar Biosciences, Inc. 3301 Agriculture Drive Madison, WI 53716 Re: Cellectar Biosciences , Inc. Registration Statement on Form S-1 Filed May 19 , 2014 File No. 333 -196091 Dear Dr. Pedder : We have limited our review of your registration statement to those issues we have addressed in our comments below. Please respond to this letter by amending your registration statement and providing the requested information. Where you do not believe our comments apply 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 these comments, we may have additional comments. Prospectus Cover Page 1. Please amend your registration statement to also register the “combinations ” being offered , as these appear to be the functional equivalent of units . 2. Prior to going effective, please file an amendment to your registration sta tement to specify the total number of combinations to be offered. Although Rule 430A of the Securities Act of 1933 permits registrants to omit certain pricing -related information from a registration statement that is declared effective, your filing must include the amount of securities to be offered, as well as other mat erial information not related to pricing, in a pre -effective amendment. For further guidance, refer to Question 227.02 of the Securities Act Rules Compliance & Disclosure Interpretations. 3. Please amend your registration statement to file the legal opini on of Foley Hoag LLP as soon as it is available. We may have further comments upon review of this opinion. Simon Pedder, Ph.D. Cellectar Biosciences, Inc. June 2 , 2014 Page 2 We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Act of 1933 and all applicable Sec urities Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Notwithstanding our comments, in th e event you request acceleration of the effective date of the pending registration statement please provide a written statement from the company acknowledging that: should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company fro m its full responsibility for the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regarding requests for acceleration. We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration stat ement. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Austin Stephenso n at (202) 551 -3192, Dan Greenspan at (202) 551 -3623 , or me at (202) 551 -3715 with any questions. Sincerely, /s/ Daniel Greenspan for Jeffrey P. Riedler Assistant Director cc: Via E -mail Paul Bork , Esq. Foley Hoag LLP