SEC Comment Letter 0000000000-24-001455 to Telvantis, Inc. (RDAR)
Telvantis, Inc.
Date: Feb. 6, 2024 · CIK: 0001384365 · Accession: 0000000000-24-001455
AI Filing Summary & Sentiment
File numbers found in text: 024-11519
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United States securities and exchange commission logo
February 6, 2024
Jacob DiMartino
Chief Executive Officer
RAADR, INC.
7950 E. Redfield Road, Unit 210
Scottsdale, Arizona 85260
Re:RAADR, INC.
Post-Qualification Amendment No. 8 to Offering Statement on Form 1-A
Filed January 12, 2024
File No. 024-11519
Dear Jacob DiMartino:
We have reviewed your amendment and have the following comments.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a 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 offering statement and the information you provide in
response to this letter, we may have additional comments.
Post-Qualification Amendment No. 8 to Offering Statement on Form 1-A
Cover Page
1.We note that you have a dual class capital structure whereby Series E Preferred Shares
have a 66 2/3% voting control at all times and your Chief Executive Officer Jacob
DiMartino will have majority voting control of the company following this offering.
Please revise your cover page to discuss the dual class nature of your capital structure and
quantify the voting control that Mr. DiMartino will have following the offering. In
addition, revise your risk factor disclosure to address the risks associated with a dual class
capital structure and management's voting control of the company.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Liquidity and Capital Resources, page 21
2.Please disclose the minimum funding required to remain in business for at least the next
12 months, as well as the minimum number of months that you will be able to conduct
your planned operations using currently available capital resources. Describe, in detail, the
FirstName LastNameJacob DiMartino
Comapany NameRAADR, INC.
February 6, 2024 Page 2
FirstName LastName
Jacob DiMartino
RAADR, INC.
February 6, 2024
Page 2
company's plan of operation for the remainder of the fiscal year, including detailed
milestones and the anticipated time frame for beginning and completing each milestone.
Explain how you intend to meet each of the milestones if you cannot receive funding.
Refer to Form 1-A Item 9.
Business, page 24
3.Please substantially revise this section to provide a more complete discussion of your
RAADR product. As part of your disclosure, clarify whether the product is operational
and available for download, and how many subscribers you currently have and have had
for each of the periods presented. In addition, revise your discussion of the RAADR
application to clarify what information it collects and how it informs parents of potential
cyberbullying incidents if it is not installed on children's devices. As a non-exclusive
example, clarify whether it would be able to detect cyber-bulling occurring on social
media accounts that are private or using aliases on a child's device, or if it is restricted to
publicly available data.
Executive Compensation, page 26
4.Please update your executive compensation disclosure for the fiscal year ended December
31, 2023.
We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Dave Edgar at 202-551-3459 or Kathleen Collins at 202-551-3499 if you
have questions regarding comments on the financial statements and related matters. Please
contact Aliya Ishmukhamedova at 202-551-7519 or Matthew Derby at 202-551-3334 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Eric Newlan