SEC Comment Letter for Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853) (SKKY) — Mar 11, 2022
Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853)
Date: March 11, 2022 · CIK: 0001546853 · Accession: 0000000000-22-002744
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File numbers found in text: 333-262797
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United States securities and exchange commission logo
March 11, 2022
Andrew Thomas
Chief Executive Officer
Skkynet Cloud Systems, Inc.
2233 Argentia Road, Suite 306
Mississauga , ON
Canada L5N 2X7
Re:Skkynet Cloud Systems, Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed February 25, 2022
File No. 333-262797
Dear Mr. Thomas:
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.
Amendment No. 1 to Registration Statement on Form S-1
Selling Security Holders, page 11
1.You state that the exercise price of the common stock purchase options range from $0.001
to $0.64 per option. Please revise to indicate the exercise price of these options, the
expiration dates, and the exemption upon which you relied for the placement of these
purchase options. Also, revise your Use of Proceeds section to indicate the amount you
could receive from the exercise of the options. Finally, provide the disclosure required by
Item 701 of Regulation S-K.
FirstName LastNameAndrew Thomas
Comapany NameSkkynet Cloud Systems, Inc.
March 11, 2022 Page 2
FirstName LastName
Andrew Thomas
Skkynet Cloud Systems, Inc.
March 11, 2022
Page 2
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 Priscilla Dao, Staff Attorney, at (202) 551-5997 or Jan Woo, Legal Branch
Chief, at (202) 551-3453 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Claudia McDowell