SEC Company Response from Hylete, Inc. (CIK 0001599738) — Mar 27, 2020
Hylete, Inc. (CIK 0001599738)
Date: March 27, 2020 · CIK: 0001599738 · Accession: 0001683168-20-000979
AI Filing Summary & Sentiment
File numbers found in text: 024-11158
Letter
Office of Manufacturing Division of Corporation Finance Securities and Exchange Commission Amendment No. 1 to Offering Statement on Form 1-A Filed March 19, 2020 File No. 024-11158
Re: Hylete, Inc.
Dear Ms. Parker:
We acknowledge receipt of comments in your letter of March 27, 2020 regarding the Offering Statement of Hylete, Inc. (the “Company”), which we have set out below, together with our responses.
Amendment No. 1 to Offering Statement on Form 1-A
Notes to the Financial Statements
Note 2 - Going Concern, page F-8
1. We note you have revised your going concern footnote in response to our comment 9 to state "As of March 18, 2020, we have capital to fund operations through July 2020," however, your audit report is dated as of April 17, 2019. In this regard, since you have updated your going concern footnote, the date of your independent accountant's report may also require updating. Please advise or revise your footnote and/or audit report as necessary.
The Company has revised Note 2 to restore the paragraph that was included in the audited financial statements and to clarify that the paragraph regarding its 2020 financing plans is unaudited. As a result, the independent accountant’s report has not been updated.
If you have additional comments or questions, please contact me at jeanne@crowdchecklaw.com.
Sincerely,
/s/ Jeanne Campanelli
Show Raw Text
CORRESP
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filename1.htm
Anne Nguyen Parker
Chief
Office of Manufacturing
Division of Corporation Finance
Securities and Exchange Commission
Washington,
DC 20549
March 27, 2020
Re:
Hylete, Inc.
Amendment No. 1 to Offering Statement on Form 1-A
Filed March 19, 2020
File No. 024-11158
Dear Ms. Parker:
We acknowledge receipt of comments in your letter
of March 27, 2020 regarding the Offering Statement of Hylete, Inc. (the “Company”), which we have set out below, together
with our responses.
Amendment No. 1 to Offering Statement on Form 1-A
Notes to the Financial Statements
Note 2 - Going Concern, page F-8
1. We note you have revised your going concern footnote in response to our comment 9 to state "As of March 18, 2020, we have
capital to fund operations through July 2020," however, your audit report is dated as of April 17, 2019. In this regard, since
you have updated your going concern footnote, the date of your independent accountant's report may also require updating. Please
advise or revise your footnote and/or audit report as necessary.
The Company has revised Note 2 to restore
the paragraph that was included in the audited financial statements and to clarify that the paragraph regarding its 2020 financing
plans is unaudited. As a result, the independent accountant’s report has not been updated.
If you have additional comments or questions, please contact
me at jeanne@crowdchecklaw.com.
Sincerely,
/s/ Jeanne Campanelli
Jeanne Campanelli Partner
CrowdCheck Law LLP
cc:
Ronald Wilson
Adam Colton
Hylete, Inc.