SEC Company Response from AIxCrypto Holdings, Inc. (AIXC) (CIK 0001460702) (FFR) — Jul 19, 2017
AIxCrypto Holdings, Inc. (AIXC) (CIK 0001460702)
Date: July 19, 2017 · CIK: 0001460702 · Accession: 0001493152-17-007984
AI Filing Summary & Sentiment
File numbers found in text: 333-219147
Referenced dates: July 19, 2017
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CORRESP
1
filename1.htm
Reed Smith LLP
599 Lexington Avenue, Floor 26
New York, NY 10022
Tel: 212.521.5400
Fax:
212.521.5450
July
19, 2017
VIA
EDGAR
Securities
and Exchange Commission
Division
of Corporation Finance
100
F Street, N.E.
Washington,
D.C. 20549
Attn:
Chris
Edwards
Suzanne
Hayes
Re:
Ritter
Pharmaceutical Inc.
Amendment
No. 1 to the
Registration
Statement on Form S-1
Filed
July 18, 2017
File
No. 333-219147
Dear
Mr. Edwards and Ms. Hayes:
On
behalf of our client, Ritter Pharmaceuticals, Inc. (the “Company”), we submit this letter in response to comments
from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”)
issued in its letter dated July 19, 2017 (the “Comment Letter”) relating to the above-referenced Amendment
No. 1 to the Registration Statement on Form S-1 (the “Registration Statement”). We are concurrently submitting
via EDGAR this letter and Amendment No. 2 to the Registration Statement (the “Amended Registration Statement”).
Set
forth below in bold are comments from the Comment Letter. For your convenience, each of the numbered paragraphs below corresponds
to the numbered comment in the Comment Letter and includes the caption used in the Comment Letter. Immediately following each
comment is the Company’s response to that comment. Defined terms used but not otherwise defined herein have the meanings
ascribed to such terms in the Amended Registration Statement.
Form
S-1
Cover
Page
1. We
note your response to prior comment number 2. Please clarify, if true, that the offering
price for the Class A Units will be the current market price on the pricing date. If
the offering price will be at a discount to the current market price, that should be
clearly indicated on the cover page. Please also include on the cover page the factors
that will be used to determine the price for the Class B Units.
Securities
and Exchange Commission
July
19, 2017
Page
2
The
Company acknowledges the Staff’s comment and respectfully advises the Staff that it has revised the Registration
Statement to disclose on the cover page of the prospectus included in the Amended Registration Statement that the
offering price of the Class A Units may be at a discount to the current market price depending on market
conditions. The public offering price of the Class B Units will be $1,000 per unit. The cover page of the prospectus included
in the Amended Registration Statement has been revised to clarify this information.
Exhibits
2. Please
refer to the legal opinion filed as Exhibit 5.1. We note that the legality opinion states
that the Class A Units and Class B Units will be “validly issued, fully paid and
nonassessable.” Please have counsel file a revised legality opinion that opines
that the Class A Units and Class B Units are binding obligations of the registrant under
the law of the jurisdiction governing the units. For guidance, refer to Section II.B.l.h
of Staff Legal Bulletin No. 19.
The
Company acknowledges the Staff’s comment and respectfully advises the Staff that it has revised Exhibit 5.1 of the Registration
Statement to opine that the Class A Units and Class B Units will be legal, valid and binding obligations of the Company, enforceable
against the Company in accordance with their terms.
Should
you have any questions concerning any of the foregoing, please contact me by telephone at (212) 549-0393.
Sincerely,
/s/ Aron
Izower
Aron
Izower
cc:
Michael
D. Step,
Chief
Executive Officer of
Ritter
Pharmaceuticals, Inc.