SEC Comment Letter 0000000000-24-012324 to Core AI Holdings, Inc. (CHAI)
Core AI Holdings, Inc.
Date: Nov. 6, 2024 · CIK: 0001649009 · Accession: 0000000000-24-012324
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-282880
Letter
November 6, 2024 Marc Seelenfreund Chief Executive Officer Siyata Mobile Inc. 7404 King George Blvd., Suite 200 King's Cross, Surrey, BC V3W 1N6 Canada Re:Siyata Mobile Inc. Registration Statement on Form F-1 Filed October 29, 2024 File No. 333-282880 Dear Marc Seelenfreund: We have conducted a limited review of your registration statement and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies 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 this letter, we may have additional comments. Form F-1 filed October 29, 2024. Exhibits Index, page II-3 1.Please revise to provide a materially complete description of the ELOC purchase agreement including the calculation of the purchase price and assignability provisions. We note, for example, that there is a minimum pricing provision and a minimum and maximum amount of puts required as part of the agreement. We also note that the agreement cannot be assigned. 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.
November 6, 2024 Page 2 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 Uwem Bassey at 202-551-3433 or Jan Woo at 202-551-3453 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc:Ross David Carmel
Show Raw Text
November 6, 2024
Marc Seelenfreund
Chief Executive Officer
Siyata Mobile Inc.
7404 King George Blvd., Suite 200
King's Cross, Surrey, BC V3W 1N6
Canada
Re:Siyata Mobile Inc.
Registration Statement on Form F-1
Filed October 29, 2024
File No. 333-282880
Dear Marc Seelenfreund:
We have conducted a limited review of your registration statement and have the
following comment.
Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies 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 this letter, we may have additional comments.
Form F-1 filed October 29, 2024.
Exhibits Index, page II-3
1.Please revise to provide a materially complete description of the ELOC purchase
agreement including the calculation of the purchase price and assignability provisions.
We note, for example, that there is a minimum pricing provision and a minimum and
maximum amount of puts required as part of the agreement. We also note that the
agreement cannot be assigned.
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.
November 6, 2024
Page 2
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 Uwem Bassey at 202-551-3433 or Jan Woo at 202-551-3453 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc:Ross David Carmel