SEC Comment Letter 0000000000-24-010901 to RENOVARO INC. (RENB) (CIK 0001527728) (LNAI)
RENOVARO INC. (RENB) (CIK 0001527728)
Date: Sept. 25, 2024 · CIK: 0001527728 · Accession: 0000000000-24-010901
AI Filing Summary & Sentiment
File numbers found in text: 001-38758
Letter
September 25, 2024 Mark DyBul Chief Executive Officer Renovaro Biosciences Inc. 2080 Century Park East, Suite 906 Los Angeles, CA 90067 Re:Renovaro Biosciences Inc. Form 10-K for the Fiscal Year Ended June 30, 2023 Filed October 2, 2023 File No. 001-38758 Dear Mark DyBul: We have reviewed your August 15, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 12, 2024 letter. Form 10-K for the Fiscal Year Ended June 30, 2023 Notes to the Consolidated Financial Statements Note 4 - Intangible Assets and Goodwill, page F-14 1.Please provide us with the results of your annual goodwill impairment assessment as of June 30, 2024 as it relates to the goodwill recognized in the February 2024 acquisition of GEDiCube. Please explain how the significant decline in your market capitalization since the acquisition date factored into your analysis.
September 25, 2024 Page 2 Please contact Frank Wyman at 202-551-3660 or Angela Connell at 202-551-3426 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Life Sciences
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September 25, 2024
Mark DyBul
Chief Executive Officer
Renovaro Biosciences Inc.
2080 Century Park East, Suite 906
Los Angeles, CA 90067
Re:Renovaro Biosciences Inc.
Form 10-K for the Fiscal Year Ended June 30, 2023
Filed October 2, 2023
File No. 001-38758
Dear Mark DyBul:
We have reviewed your August 15, 2024 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless we
note otherwise, any references to prior comments are to comments in our July 12, 2024 letter.
Form 10-K for the Fiscal Year Ended June 30, 2023
Notes to the Consolidated Financial Statements
Note 4 - Intangible Assets and Goodwill, page F-14
1.Please provide us with the results of your annual goodwill impairment assessment as of
June 30, 2024 as it relates to the goodwill recognized in the February 2024 acquisition of
GEDiCube. Please explain how the significant decline in your market capitalization since
the acquisition date factored into your analysis.
September 25, 2024
Page 2
Please contact Frank Wyman at 202-551-3660 or Angela Connell at 202-551-3426 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Life Sciences