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SEC Comment Letter for Eledon Pharmaceuticals, Inc. (ELDN) (CIK 0001404281) (ELDN) — Jun 28, 2017

Eledon Pharmaceuticals, Inc. (ELDN) (CIK 0001404281)
Date: June 28, 2017 · CIK: 0001404281 · Accession: 0000000000-17-022740

Offering / Registration Process Regulatory Compliance Financial Reporting

AI Filing Summary & Sentiment

Sentiment
Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

Date
June 28, 2017
Author
Irene Paik
Form
UPLOAD
Company
Eledon Pharmaceuticals, Inc. (ELDN) (CIK 0001404281)

Letter

June 28, 2017 Gregory Flesher President and Chief Executive Officer Novus Therapeutics, Inc. 19900 MacArthur Blvd., Suite 550 Irvine, CA 92612 Novus Therapeutics, Inc. Registration Statement on Form S-3 Filed on June 23, 2017 File No. 333-218949Re: Dear Mr. Flesher: 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. If 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.

Gregory Flesher Novus Therapeutics, Inc. 2 PageJune 28, 2017 Form S-3 filed June 23, 2017 Selling Securityholders, page 2 It appears that you intend to rely on General Instruction II.G. of Form S-3 in order to refer to unnamed selling security holders in a generic manner by identifying the initial transaction in which the securities were sold. For example, we note your disclosure on page 3 that you will provide information about other selling security holders, except for any future transferees, pledgees, donees or successors of the selling security holder named in the selling securityholder table, in a prospectus supplement or amendment to the registration statement. Please note that General Instruction II.G. is only available to registrants eligible to register primary offerings on Form S-3 pursuant to General Instruction I.B.1, for which you do not appear to be eligible. Please revise your disclosure here and elsewhere to clarify that you must file a post-effective amendment to add selling security holders to your registration statement and that a Rule 424(b) prospectus supplement must be used to post-effectively update the selling security holder table to reflect any transfers from a previously identified selling security holder. For guidance, please refer to Question 140.03 of the Regulation S-K Compliance and Disclosure Interpretations. 1. Incorporation of Certain Information by Reference, page 6 Please incorporate by reference your Form 8-A filed September 12, 2014, as amended on June 23, 2017. Please see Item 12(a)(3) of Form S-3 for guidance.2. 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. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Irene Paik at (202) 551-6553 with any questions. Division of Corporation Finance Office of Healthcare & Insurance cc: Ryan Murr, Esq., Gibson, Dunn & Crutcher LLP

Show Raw Text
June 28, 2017
Gregory  Flesher
President and Chief Executive Officer
Novus Therapeutics, Inc.
19900 MacArthur Blvd., Suite 550
Irvine, CA 92612
Novus Therapeutics, Inc.
Registration Statement on Form S-3
Filed on June 23, 2017
File No. 333-218949Re:
Dear Mr. Flesher:
        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.  If 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.

Gregory  Flesher
Novus Therapeutics, Inc.
2 PageJune 28, 2017
Form S-3 filed June 23, 2017
Selling Securityholders, page 2
It appears that you intend to rely on General Instruction II.G. of Form S-3 in order to refer
to unnamed selling security holders in a generic manner by identifying the initial
transaction in which the securities were sold.  For example, we note your disclosure on
page 3 that you will provide information about other selling security holders, except for
any future transferees, pledgees, donees or successors of the selling security holder named
in the selling securityholder table, in a prospectus supplement or amendment to the
registration statement.  Please note that General Instruction II.G. is only available to
registrants eligible to register primary offerings on Form S-3 pursuant to General
Instruction I.B.1, for which you do not appear to be eligible.  Please revise your
disclosure here and elsewhere to clarify that you must file a post-effective amendment to
add selling security holders to your registration statement and that a Rule 424(b)
prospectus supplement must be used to post-effectively update the selling security holder
table to reflect any transfers from a previously identified selling security holder.  For
guidance, please refer to Question 140.03 of the Regulation S-K Compliance and
Disclosure Interpretations. 1.
Incorporation of Certain Information by Reference, page 6
Please incorporate by reference your Form 8-A filed September 12, 2014, as amended on
June 23, 2017. Please see Item 12(a)(3) of Form S-3 for guidance.2.
        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.
        Refer to Rules 460 and 461 regarding requests for acceleration.  Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
        Please contact Irene Paik at (202) 551-6553 with any questions.
Division of Corporation Finance
Office of Healthcare & Insurance
cc: Ryan Murr, Esq., Gibson, Dunn & Crutcher LLP