SEC Comment Letter 0000000000-23-009382 to Salt Blockchain Inc. (CIK 0001686400)
Salt Blockchain Inc. (CIK 0001686400)
Date: Aug. 25, 2023 · CIK: 0001686400 · Accession: 0000000000-23-009382
AI Filing Summary & Sentiment
File numbers found in text: 000-56283
Referenced dates: September 6, 2022
Letter
United States securities and exchange commission logo August 25, 2023 Shawn Owen Interim Chief Executive Officer Salt Blockchain Inc. c/o Ballard Spahr LLP 1735 Market Street, 51st Floor Philadelphia, PA 19103 Re:Salt Blockchain Inc. Amendment No. 4 to Registration Statement on Form 10-12G Filed September 10, 2021 Response Dated July 31, 2023 File No. 000-56283 Dear Shawn Owen: We have reviewed your July 31, 2023 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response and any amendment you may file in response to this comment, we may have additional comments. Response Dated July 31, 2023 General 1.We note your response letter filed July 31, 2023 in response to the comment letter dated September 6, 2022. We also note that you did not file an amended registration statement when you responded to our comments. Please file an amended registration statement that includes current financial statements as required by Rule 3-12 of Regulation S-X and updated information throughout the filing. Additionally, please separately file the following delinquent periodic reports: •Forms 10-Q for the quarterly periods ended March 31, 2022, June 30, 2022 and September 30, 2022; •Form 10-K for the fiscal year ended December 31, 2022; and
FirstName LastNameShawn Owen Comapany NameSalt Blockchain Inc. August 25, 2023 Page 2 FirstName LastName Shawn Owen Salt Blockchain Inc. August 25, 2023 Page 2 •Forms 10-Q for the quarterly periods ended March 31, 2023 and June 30, 2023.
Please be advised that we will defer any further review of this registration statement until you have amended the Form 10 to provide current and complete required disclosures and filed all delinquent periodic reports. 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. You may contact David Irving at (202) 551-3321 or Sharon Blume at (202) 551-3474 if you have questions regarding comments on the financial statements and related matters. Please contact David Lin at (202) 551-3552 or Sandra Hunter Berkheimer at (202) 551-3758 with any other questions. Sincerely, Division of Corporation Finance Office of Crypto Assets
Show Raw Text
United States securities and exchange commission logo
August 25, 2023
Shawn Owen
Interim Chief Executive Officer
Salt Blockchain Inc.
c/o Ballard Spahr LLP
1735 Market Street, 51st Floor
Philadelphia, PA 19103
Re:Salt Blockchain Inc.
Amendment No. 4 to Registration Statement on Form 10-12G
Filed September 10, 2021
Response Dated July 31, 2023
File No. 000-56283
Dear Shawn Owen:
We have reviewed your July 31, 2023 response to our comment letter and have the
following comment. In our comment, we may ask you to provide us with information so we may
better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response and any amendment you may file in response to this
comment, we may have additional comments.
Response Dated July 31, 2023
General
1.We note your response letter filed July 31, 2023 in response to the comment letter dated
September 6, 2022. We also note that you did not file an amended registration statement
when you responded to our comments. Please file an amended registration statement that
includes current financial statements as required by Rule 3-12 of Regulation S-X and
updated information throughout the filing. Additionally, please separately file the
following delinquent periodic reports:
•Forms 10-Q for the quarterly periods ended March 31, 2022, June 30, 2022 and
September 30, 2022;
•Form 10-K for the fiscal year ended December 31, 2022; and
FirstName LastNameShawn Owen
Comapany NameSalt Blockchain Inc.
August 25, 2023 Page 2
FirstName LastName
Shawn Owen
Salt Blockchain Inc.
August 25, 2023
Page 2
•Forms 10-Q for the quarterly periods ended March 31, 2023 and June 30, 2023.
Please be advised that we will defer any further review of this registration statement until
you have amended the Form 10 to provide current and complete required disclosures and
filed all delinquent periodic reports.
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.
You may contact David Irving at (202) 551-3321 or Sharon Blume at (202) 551-3474 if
you have questions regarding comments on the financial statements and related matters. Please
contact David Lin at (202) 551-3552 or Sandra Hunter Berkheimer at (202) 551-3758 with any
other questions.
Sincerely,
Division of Corporation Finance
Office of Crypto Assets