SEC Comment Letter 0000000000-22-013677 to THERAPEUTIC SOLUTIONS INTERNATIONAL, INC. (TSOI) (CIK 0001419051)
THERAPEUTIC SOLUTIONS INTERNATIONAL, INC. (TSOI) (CIK 0001419051)
Date: Dec. 19, 2022 · CIK: 0001419051 · Accession: 0000000000-22-013677
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File numbers found in text: 333-268070
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United States securities and exchange commission logo
December 19, 2022
Timothy G. Dixon
President and Chief Executive Officer
Therapeutic Solutions International, Inc.
701 Wild Rose Lane
Elk City, Idaho 83525
Re:Therapeutic Solutions International, Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed December 8, 2022
File No. 333-268070
Dear Timothy G. Dixon:
We have reviewed your amended registration statement and have the following
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. Unless we note
otherwise, our references to prior comments are to comments in our November 14, 2022 letter.
Form S-1 filed December 8, 2022
The Offering, page 6
1.We note your revisions in response to our prior comment 7, including your addition to the
cover page that the selling shareholder is offering up to 555,000,000 shares of common
stock. However, the Offering Summary on page 6 states that up to 216,001,530 shares of
common stock may be offered by the selling stockholders. Please revise to reconcile the
discrepancy in the amount of shares covered by this registration statement. Please also
revise the filing fee table and the legal opinion to reflect the number of shares covered by
this registration statement.
FirstName LastNameTimothy G. Dixon
Comapany NameTherapeutic Solutions International, Inc.
December 19, 2022 Page 2
FirstName LastName
Timothy G. Dixon
Therapeutic Solutions International, Inc.
December 19, 2022
Page 2
Risk Factors, page 20
2.We note your response to our prior comment number 5 and the two risk factors added to
page 25. We note these risk factors relate to your inability to determine the exact number
of shares that will be issued under the agreement and effect on stock price. Please revise to
explain the risk concerning the possibility that you may not have access to the full amount
available to you under the equity line, which is $10 million.
Selling Shareholders, page 53
3.We note that "Percentage of Common Stock Owned Before Offering" and "Amount to Be
Beneficially Owned After the Offering" columns of your selling shareholder table
references footnote 1 and 2 respectively, but there do not appear to be any corresponding
footnotes in this section. We also note that your Total Row does not reflect the total
amount or percentage of common stock owned by GHS before the offering. Please revise
these apparent discrepancies.
Plan of Distribution, page 57
4.We note your disclosure that Regulation M limits "the timing of purchases and sales of the
securities by the selling stockholder." Please revise this section to specifically disclose
that Regulation M may prohibit GHS and any other distribution participants that are
participating in the distribution of the company’s securities from purchasing shares in the
open market while the equity line is in effect.
Exhibits
5.We note your response to our prior comment 9 and reissue. It appears that your Exhibit
1.1, Securities Purchase Agreement is still not text-searchable. Please refile this exhibit in
the proper text-searchable format.
General
6.We note you have removed most references to incorporating by reference (on page 31 you
still refer to your Annual Report on Form 10-K for the fiscal year ended December 31,
2021 and Form 10-Q for quarter ending September 30, 2022 filed as Exhibits 13.1 and
13.2), however, information required by Form S-1 is still missing, notably Item 301 of
Regulation S-K. Please revise to provide this information.
FirstName LastNameTimothy G. Dixon
Comapany NameTherapeutic Solutions International, Inc.
December 19, 2022 Page 3
FirstName LastName
Timothy G. Dixon
Therapeutic Solutions International, Inc.
December 19, 2022
Page 3
Please contact Jordan Nimitz at 202-551-5831 or Margaret Schwartz at 202-551-7153
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc: Hugh Kelso, Esq.