Correspondence 0001683168-23-007974 from Monetiva Inc. (CIK 0001681309)
Monetiva Inc. (CIK 0001681309)
Date: Nov. 13, 2023 · CIK: 0001681309 · Accession: 0001683168-23-007974
AI Filing Summary & Sentiment
File numbers found in text: 333-269171
Referenced dates: September 7, 2023
Letter
Division of Corporation Finance Office of Real Estate & Construction Securities and Exchange Commission Re: Monetiva Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed August 14, 2023 File No. 333-269171
Dear Mr. Regan:
We are in receipt of your letter dated September 7, 2023, setting forth certain comments to the amended Registration Statement on Form S-1 (the “S-1”), which was filed on August 14, 2023 by Monetiva Inc., a Delaware corporation (the “Company”). In response to your comments, the Company can provide you with the following information in response to your comments:
Amended Registration Statement on Form S-1
Prospectus Summary, page 1
1. Refer to prior comment 3. Please provide an expanded description of the various processing fees payable under the agreement with E1G including the range of those fees. Also, explain clearly the reference to special fees.
RESPONSE: Concurrent with the filing herewith, the Company filed Amendment No. 3 to the Registration Statement on Form S-1 (the “Registration Statement”) which includes an expanded description of the various processing fees payable under the agreement with E1G including the range of those fees, as requested. In addition, the unredacted agreement has been attached as Exhibit 10.3.
Our Current Business, page 29
2. Please describe your proposed agreement with a sponsoring bank in Mexico and the material terms of your agreements with business partners in China and the United Arab Emirates, including a clear description of the role of a sponsoring bank or regulated funds transfer company.
RESPONSE: Concurrent with the filing herewith, the Company filed Amendment No. 3 to the Registration Statement which includes an expanded description of the Company’s proposed agreement with a sponsoring bank in Mexico and the material terms of the Company’s agreements with business partners in China and the United Arab Emirates (those agreements are under negotiation and, thus, there are no material terms), as requested. In addition, a clear description of a sponsoring bank or regulated funds transfer company has been provided.
Financial Statements
Notes to Financial Statements
Note 11 - Subsequent Events, page F-12
3. We note that you have evaluated subsequent events through the date the financial statements were available to be issued. As an SEC filer, you are required to evaluate subsequent events through the date the financial statements are issued; refer to ASC 855-10-25-1A. Please revise your evaluation and disclosure accordingly, including the subsequent events note for your annual financial statements.
RESPONSE: Concurrent with the filing herewith, the Company filed Amendment No. 3 to the Registration Statement which includes revised subsequent events evaluations.
We hereby acknowledge the Company and its management are responsible for the adequacy and accuracy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please feel free to contact me if you have any questions on the responses to your comments.
Sincerely,
/s/ Brian Higley
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CORRESP
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filename1.htm
14888 Auburn Sky Drive, Draper, UT 84020
(801) 634-1984
brian@businesslegaladvisor.com
Brian Higley
Attorney at Law
Licensed in Utah
November 13, 2023
Division of Corporation Finance
Office of Real Estate & Construction
Securities and Exchange Commission
Washington, DC 20549
Re:
Monetiva Inc.
Amendment No. 2 to Registration Statement on Form S-1
Filed August 14, 2023
File No. 333-269171
Dear Mr. Regan:
We are in receipt of your
letter dated September 7, 2023, setting forth certain comments to the amended Registration Statement on Form S-1 (the “S-1”),
which was filed on August 14, 2023 by Monetiva Inc., a Delaware corporation (the “Company”). In response to your comments,
the Company can provide you with the following information in response to your comments:
Amended Registration Statement on Form S-1
Prospectus Summary, page 1
1. Refer to prior comment 3. Please provide an expanded description of the various processing fees payable
under the agreement with E1G including the range of those fees. Also, explain clearly the reference to special fees.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 3 to the Registration Statement on Form S-1 (the “Registration Statement”)
which includes an expanded description of the various processing fees payable under the agreement with E1G including the range of those
fees, as requested. In addition, the unredacted agreement has been attached as Exhibit 10.3.
Our Current Business, page 29
2. Please describe your proposed agreement with a sponsoring bank in Mexico and the material terms of your
agreements with business partners in China and the United Arab Emirates, including a clear description of the role of a sponsoring bank
or regulated funds transfer company.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 3 to the Registration Statement which includes an expanded description of the Company’s
proposed agreement with a sponsoring bank in Mexico and the material terms of the Company’s agreements with business partners in
China and the United Arab Emirates (those agreements are under negotiation and, thus, there are no material terms), as requested. In addition,
a clear description of a sponsoring bank or regulated funds transfer company has been provided.
1
Financial Statements
Notes to Financial Statements
Note 11 - Subsequent Events, page F-12
3. We note that you have evaluated subsequent events through the date the financial statements were available
to be issued. As an SEC filer, you are required to evaluate subsequent events through the date the financial statements are issued; refer
to ASC 855-10-25-1A. Please revise your evaluation and disclosure accordingly, including the subsequent events note for your annual financial
statements.
RESPONSE: Concurrent with the filing
herewith, the Company filed Amendment No. 3 to the Registration Statement which includes revised subsequent events evaluations.
We hereby acknowledge the
Company and its management are responsible for the adequacy and accuracy of their disclosures, notwithstanding any review, comments, action
or absence of action by the staff.
Please feel free to contact
me if you have any questions on the responses to your comments.
Sincerely,
/s/ Brian Higley
Outside Legal Counsel
cc:
Pierre Sawaya, President
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