SEC Comment Letter for AQUABOUNTY TECHNOLOGIES INC (AQB) (CIK 0001603978) (AQB) — Jan 10, 2018
AQUABOUNTY TECHNOLOGIES INC (AQB) (CIK 0001603978)
Date: Jan. 10, 2018 · CIK: 0001603978 · Accession: 0000000000-18-001022
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-221435
Letter
Mail Stop 3561 January 10 , 2018 Ronald L. Stotish Chief Executive Officer AquaBounty Technologies, Inc. 2 Mill & Main Place, Suite 395 Maynard, Massachusetts 01754
Re: AquaBounty Technologies, Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed January 9 , 2018 File No. 333-221435
Dear Mr. Stotish :
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 yo ur 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 t ell 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.
Use of Proceeds, page 31
1. Please disclose the use of proceeds , or a bona fide estimate of the proceeds, you may receive if investors exercise the warrants sold in this offering.
2. We note the revisions to page 31. To the extent that material amounts of other funds are necessary to complete construction and renovations o f your facilities in Rollo Bay and Indiana, please revise to state the amounts of other funds needed to accomplish this purpose and the sources thereof.
Ronald L. Stotish AquaBounty Technologies, Inc. January 10, 201 8 Page 2
Please contact Sonia Bednarowski at (202) 551 -3666 or me at (202) 551-3469 with any questions.
Sincerely,
/s/ Justin Dobbie
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Mail Stop 3561 January 10 , 2018 Ronald L. Stotish Chief Executive Officer AquaBounty Technologies, Inc. 2 Mill & Main Place, Suite 395 Maynard, Massachusetts 01754 Re: AquaBounty Technologies, Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed January 9 , 2018 File No. 333-221435 Dear Mr. Stotish : 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 yo ur 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 t ell 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. Use of Proceeds, page 31 1. Please disclose the use of proceeds , or a bona fide estimate of the proceeds, you may receive if investors exercise the warrants sold in this offering. 2. We note the revisions to page 31. To the extent that material amounts of other funds are necessary to complete construction and renovations o f your facilities in Rollo Bay and Indiana, please revise to state the amounts of other funds needed to accomplish this purpose and the sources thereof. Ronald L. Stotish AquaBounty Technologies, Inc. January 10, 201 8 Page 2 Please contact Sonia Bednarowski at (202) 551 -3666 or me at (202) 551-3469 with any questions. Sincerely, /s/ Justin Dobbie Justin Dobbie Legal Branch Chief Office of Transportation and Leisure cc: Jocelyn M. Arel, Esq. Goodwin Procter LLP