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SEC Comment Letter for Rezolute, Inc. (RZLT) (CIK 0001509261) (RZLT) — Oct 11, 2017

Rezolute, Inc. (RZLT) (CIK 0001509261)
Date: Oct. 11, 2017 · CIK: 0001509261 · Accession: 0000000000-17-035961

AI Filing Summary & Sentiment

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Document Type
Confidence
SEC Posture
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Summary

Reasoning

Date
October 11, 2017
Author
Dorrie Yale
Form
UPLOAD
Company
Rezolute, Inc. (RZLT) (CIK 0001509261)

Letter

October 11, 2017 Nevan Elam Chief Executive Officer AntriaBio, Inc. 1450 Infinite Drive Louisville, CO 80027 AntriaBio, Inc. Registration Statement on Form S-1 Filed September 22, 2017 File No. 333-220585Re: Dear Mr. Elam: 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. Registration Statement on Form S-1 Selling Stockholders, page 27 1. Please revise your disclosure to state the nature of any position, office, or other material relationship between you or an affiliate and any selling security holder within the past three years. As examples only, we note that your director and executive officer Dr. Hoyoung Huh holds the voting power for shares held by pH Pharma Co., Ltd., your director Samir Patel has voting and investment power for the shares held by Pranabio Investments, your director Tae Hoon Kim is the CEO for Aju Pharm Co., and your director David Welch has voting and investment power over the shares held by three of the trusts. Refer to Item 507 of Regulation S-K.

Nevan Elam AntriaBio, Inc. October 11, 2017 Page 2 Documents Incorporated by Reference, page 30 2. We note that you are incorporating by reference certain documents filed prior to the termination of the offering. Please note that any report filed after the filing date but prior to effectiveness may only be incorporated through the filing of a pre-effective amendment that includes a specific reference to such report. Accordingly, please revise your registration statement to specifically incorporate the Form 8-K you subsequently filed, and when filed, the definitive proxy statement. See Securities Act Forms CD&I 113.05 and Item 12(a)(2) of Form S-1. General 3. It appears that you are seeking to register this transaction as a resale pursuant to Rule 415(a)(1)(i) of the Securities Act of 1933, as amended. Please provide a detailed legal and factual analysis of why this should not be characterized as an indirect primary offering. In this regard, we note that several of your selling shareholders appear to have material relationships with you and your affiliates, the size of the offering represents a substantial percentage of your outstanding shares held by non-affiliates, and the short period of time between the private placement and the filing of this registration statement. Refer to CD&I Securities Act Rules 612.09. 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 Dorrie Yale at 202-551-8776 or Suzanne Hayes at 202-551-3675 with any questions. Division of Corporation Finance Office of Healthcare & Insurance cc: Michael L. Weiner

Show Raw Text
October 11, 2017
Nevan Elam
Chief Executive Officer
AntriaBio, Inc.
1450 Infinite Drive
Louisville, CO 80027
AntriaBio, Inc.
Registration Statement on Form S-1
Filed September 22, 2017
File No. 333-220585Re:
Dear Mr. Elam:
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.
Registration Statement on Form S-1
Selling Stockholders, page 27
1. Please revise your disclosure to state the nature of any position, office, or other material
relationship between you or an affiliate and any selling security holder within the past
three years.  As examples only, we note that your director and executive officer Dr.
Hoyoung Huh holds the voting power for shares held by pH Pharma Co., Ltd., your
director Samir Patel has voting and investment power for the shares held by Pranabio
Investments, your director Tae Hoon Kim is the CEO for Aju Pharm Co., and your
director David Welch has voting and investment power over the shares held by three of
the trusts.  Refer to Item 507 of Regulation S-K.

Nevan Elam
AntriaBio, Inc.
October 11, 2017
Page 2
Documents Incorporated by Reference, page 30
2. We note that you are incorporating by reference certain documents filed prior to the
termination of the offering.  Please note that any report filed after the filing date but prior
to effectiveness may only be incorporated through the filing of a pre-effective amendment
that includes a specific reference to such report.  Accordingly, please revise your
registration statement to specifically incorporate the Form 8-K you subsequently filed,
and when filed, the definitive proxy statement.  See Securities Act Forms CD&I 113.05
and Item 12(a)(2) of Form S-1.
General
3. It appears that you are seeking to register this transaction as a resale pursuant to Rule
415(a)(1)(i) of the Securities Act of 1933, as amended. Please provide a detailed legal and
factual analysis of why this should not be characterized as an indirect primary offering. In
this regard, we note that several of your selling shareholders appear to have material
relationships with you and your affiliates, the size of the offering represents a substantial
percentage of your outstanding shares held by non-affiliates, and the short period of time
between the private placement and the filing of this registration statement.  Refer to
CD&I Securities Act Rules 612.09.
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 Dorrie Yale at 202-551-8776 or Suzanne Hayes at 202-551-3675 with any
questions.
Division of Corporation Finance
Office of Healthcare & Insurance
cc: Michael L. Weiner