SEC Comment Letter for Matinas BioPharma Holdings, Inc. (MTNB) (CIK 0001582554) (MTNB) — Sep 19, 2016
Matinas BioPharma Holdings, Inc. (MTNB) (CIK 0001582554)
Date: Sept. 19, 2016 · CIK: 0001582554 · Accession: 0000000000-16-093428
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File numbers found in text: 333-193455
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Mail Stop 4546 September 19, 2016 Jerome Jabbour President Matinas Biopharma Holdings, Inc. 1545 Route 206 South, Suite 302 Bedminster, New Jersey 07921 Re: Matinas Biopharma Holdings, Inc. Preliminary Proxy Statement on Schedule 14 A Filed September 12, 2016 File No. 333-193455 Dear Mr. Jabbour : We have limited our review of your preliminary proxy statement to the issue we have addressed in our comment. Please respond to this letter by revising the preliminary proxy statement . Where you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing any information you provide in response to this comment, we may have additional comments. 1. Please provide your analysis as to whether the contemplated reverse stock split, cashing out of fractional shares and the potential reduction in the n umber of shareholders may constitute a going private transaction pursuant to Rule 13e -3 of the Exchange Act by producing a ``going private effect´´ as specified in that rule. If so, please comply with the requirements as set forth in paragraphs (d), (e), a nd (f) of Rule 13e -3. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules re quire. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. In responding to our comment, please provide a written statement from the company acknowledging that: the company is responsible for the adequacy and accuracy of the disclosure in the filing; staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and Jerome Jabbour Matinas Biopharma Holdings, Inc. September 19, 2016 Page 2 the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. You may contact Tara Keating Brooks at (202) 551-8336 or Erin Jaskot at (202) 551 - 3442 with any questions. Sincerely, /s/ Erin K. Jaskot, for Suzanne Hayes Assistant Director Office of Healthcare and Insurance