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SEC Comment Letter for SYNLOGIC, INC. (SYBX) (CIK 0001527599) (SYBX) — Aug 20, 2019

SYNLOGIC, INC. (SYBX) (CIK 0001527599)
Date: Aug. 20, 2019 · CIK: 0001527599 · Accession: 0000000000-19-012674

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File numbers found in text: 333-233139

Date
August 20, 2019
Author
Tonya K. Aldave
Form
UPLOAD
Company
SYNLOGIC, INC. (SYBX) (CIK 0001527599)

Letter

August 20, 2019 Aoife Brennan Chief Executive Officer Synlogic, Inc. 301 Binney St., Suite 402 Cambridge, MA 02142 Re:Synlogic, Inc. Registration Statement on Form S-3 Filed August 8, 2019 File No. 333-233139 Dear Dr. Brennan: 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-3 General 1.We note that your forum selection provision identifies the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any “derivative action.” Please describe this provision and disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits 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 also revise your prospectus to state that there is uncertainty

FirstName LastNameAoife Brennan Comapany NameSynlogic, Inc. August 20, 2019 Page 2 FirstName LastName Aoife Brennan Synlogic, Inc. August 20, 2019 Page 2 as to whether a court would enforce such provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. If this provision does not apply to actions arising under the Securities Act or 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 Tonya K. Aldave at (202) 551-3601 or Justin Dobbie, Legal Branch Chief, at (202) 551-3469 with any questions. Sincerely, Division of Corporation Finance Office of Healthcare & Insurance cc: Daniel Bagliebter, Esq.

Show Raw Text
August 20, 2019
Aoife Brennan
Chief Executive Officer
Synlogic, Inc.
301 Binney St., Suite 402
Cambridge, MA 02142
Re:Synlogic, Inc.
Registration Statement on Form S-3
Filed August 8, 2019
File No. 333-233139
Dear Dr. Brennan:
            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-3
General
1.We note that your forum selection provision identifies the Court of Chancery of the
State of Delaware as the exclusive forum for certain litigation, including any
“derivative action.”  Please describe this provision and disclose whether this provision
applies to actions arising under the Securities Act or Exchange Act.  In that regard, we
note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all
suits brought to enforce any duty or liability created by the Exchange Act or the rules and
regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction
for federal and state courts over all suits 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 also revise your prospectus to state that there is uncertainty

 FirstName LastNameAoife Brennan
 Comapany NameSynlogic, Inc.
 August 20, 2019 Page 2
 FirstName LastName
Aoife Brennan
Synlogic, Inc.
August 20, 2019
Page 2
as to whether a court would enforce such provision and that investors cannot waive
compliance with the federal securities laws and the rules and regulations thereunder.  If
this provision does not apply to actions arising under the Securities Act or 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 Tonya K. Aldave at (202) 551-3601 or Justin Dobbie, Legal Branch Chief,
at (202) 551-3469 with any questions.
Sincerely,
Division of Corporation Finance
Office of Healthcare & Insurance
cc:       Daniel Bagliebter, Esq.