SEC Comment Letter for Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853) (SKKY) — Apr 11, 2022
Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853)
Date: April 11, 2022 · CIK: 0001546853 · Accession: 0000000000-22-003873
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-262797
Letter
United States securities and exchange commission logo April 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. 2 to Registration Statement on Form S-1 Filed March 18, 2022 File No. 333-262797 Dear Mr. Thomas: We have reviewed your amended registration statement and have the following 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. 2 to Form S-1 Exhibits 1.Please file a revised legality opinion that is consistent with the number of shares that are being offered by selling shareholders in this offering. We note that the selling shareholders are offering 8,000,150 shares of common stock but the legality opinion indicates that you are registering 7,996,400 shares of common stock.
FirstName LastNameAndrew Thomas Comapany NameSkkynet Cloud Systems, Inc. April 11, 2022 Page 2 FirstName LastName Andrew Thomas Skkynet Cloud Systems, Inc. April 11, 2022 Page 2 You may contact Priscilla Dao, Staff Attorney, at (202) 551-5997 or Jan Woo, Legal Branch Chief, at (202) 551-3453 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Claudia McDowell
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United States securities and exchange commission logo
April 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. 2 to Registration Statement on Form S-1
Filed March 18, 2022
File No. 333-262797
Dear Mr. Thomas:
We have reviewed your amended registration statement and have the following
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. 2 to Form S-1
Exhibits
1.Please file a revised legality opinion that is consistent with the number of shares that are
being offered by selling shareholders in this offering. We note that the selling
shareholders are offering 8,000,150 shares of common stock but the legality opinion
indicates that you are registering 7,996,400 shares of common stock.
FirstName LastNameAndrew Thomas
Comapany NameSkkynet Cloud Systems, Inc.
April 11, 2022 Page 2
FirstName LastName
Andrew Thomas
Skkynet Cloud Systems, Inc.
April 11, 2022
Page 2
You may contact Priscilla Dao, Staff Attorney, at (202) 551-5997 or Jan Woo, Legal
Branch Chief, at (202) 551-3453 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Claudia McDowell