SEC Comment Letter for Clean Energy Fuels Corp. (CLNE) (CIK 0001368265) (CLNE) — Apr 4, 2013
Clean Energy Fuels Corp. (CLNE) (CIK 0001368265)
Date: April 4, 2013 · CIK: 0001368265 · Accession: 0000000000-13-018151
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File numbers found in text: 333-187085
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April 4, 2013 Andrew J. Littlefair President and Chief Executive Officer Clean Energy Fuels Corp. 3020 Old Ranch Parkway, Suite 400 Seal Beach, California 90740 Re: Clean Energy Fuels Corp. Registration Statement on Form S-3 Filed March 6, 2013 File No. 333-187085 Dear Mr. Littlefair : We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, 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 . 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. General 1. To the extent applicable, please amend your post -effective amendment no. 3 to Form S -3 (file no. 333 -168433) filed on March 6, 2013 to reflect the revisions requested by this letter. Risk Factors 2. We note tha t your stock price has experienced volatility relative to other reporting companies in your industry. Please include a risk factor to disclose this volatility. 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 193 3 and all applicable Securities Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are res ponsible for the accuracy and adequacy of the disclosures they have made. Andrew J. Littlefair Clean Energy Fuels Corp. April 4, 2013 Page 2 Notwithstanding our comments, in the 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 from 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 o f 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Charles Lee , Staff Attorney, at (202) 551 -3427, Lilyanna Peyser , Special Counsel, at (202) 551 -3222 , or me at (202) 551 -3720 with any questions. Sincerely, /s/ Lilyanna L. Peyser for Mara L. Ransom Assistant Director cc: Nate Jensen Clean Energy Fuels Corp. Andrew Thorpe Morrison & Foerster LLP