SEC Comment Letter for Predictive Oncology Inc. (AGPU) (CIK 0001446159) (AGPU) — Oct 16, 2019
Predictive Oncology Inc. (AGPU) (CIK 0001446159)
Date: Oct. 16, 2019 · CIK: 0001446159 · Accession: 0000000000-19-014587
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File numbers found in text: 333-234073
Letter
October 16, 2019 Bob Myers Chief Financial Officer Predictive Oncology Inc. 2915 Commers Drive, Suite 900 Eagan, MN 55121 Re:Predictive Oncology Inc. Registration Statement on Form S-3 Filed October 3, 2019 File No. 333-234073 Dear Mr. Myers: We have limited our review of your registration statement to those issues we have addressed in our comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our 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 registration statement and the information you provide in response to this comment, we may have additional comments. Registration Statement on Form S-3 Description of Capital Stock, page 7 1.We note that your forum selection provision in the Certificate of Incorporation filed as Exhibit 3.1 identifies the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any "derivative action." Please disclose whether this provision applies to actions arising under the Securities Act or the Exchange Act. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suites brought to enforce any duty or liability created the the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal ans state courts over all suites brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If the provision applies to Securities Act claims, please revise your prospectus to state that there is uncertainty as to whether a court would enforce such provision and investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. If the provision does not apply to actions arising under the Securities Act or
FirstName LastNameBob Myers Comapany NamePredictive Oncology Inc. October 16, 2019 Page 2 FirstName LastName Bob Myers Predictive Oncology Inc. October 16, 2019 Page 2 Exchange Act, please also tell us how you will inform investors in future filings that the provision does not apply to any actions arising under the Securities Act or Exchange Act. 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 Paul Fischer, Staff Attorney, at 202-551-3415, or Mary Beth Breslin, Legal Branch Chief, at 202-551-3625, with any questions. Sincerely, Division of Corporation Finance Office of Life Sciences cc: Martin Rosenbaum
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October 16, 2019
Bob Myers
Chief Financial Officer
Predictive Oncology Inc.
2915 Commers Drive, Suite 900
Eagan, MN 55121
Re:Predictive Oncology Inc.
Registration Statement on Form S-3
Filed October 3, 2019
File No. 333-234073
Dear Mr. Myers:
We have limited our review of your registration statement to those issues we have
addressed in our comment. Please respond to this letter by amending your registration statement
and providing the requested information. If you do not believe our 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 registration statement and the information you
provide in response to this comment, we may have additional comments.
Registration Statement on Form S-3
Description of Capital Stock, page 7
1.We note that your forum selection provision in the Certificate of Incorporation filed as
Exhibit 3.1 identifies the Court of Chancery of the State of Delaware as the exclusive
forum for certain litigation, including any "derivative action." Please disclose whether this
provision applies to actions arising under the Securities Act or the Exchange Act. In that
regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction
over all suites brought to enforce any duty or liability created the the Exchange Act or the
rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent
jurisdiction for federal ans state courts over all suites brought to enforce any duty or
liability created by the Securities Act or the rules and regulations thereunder. If the
provision applies to Securities Act claims, please revise your prospectus to state that there
is uncertainty as to whether a court would enforce such provision and investors cannot
waive compliance with the federal securities laws and the rules and regulations
thereunder. If the provision does not apply to actions arising under the Securities Act or
FirstName LastNameBob Myers
Comapany NamePredictive Oncology Inc.
October 16, 2019 Page 2
FirstName LastName
Bob Myers
Predictive Oncology Inc.
October 16, 2019
Page 2
Exchange Act, please also tell us how you will inform investors in future filings that the
provision does not apply to any actions arising under the Securities Act or Exchange Act.
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 Paul Fischer, Staff Attorney, at 202-551-3415, or Mary Beth Breslin,
Legal Branch Chief, at 202-551-3625, with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Martin Rosenbaum