SEC Comment Letter for QUANTA INC (CIK 0001691430) — Jan 28, 2020
QUANTA INC (CIK 0001691430)
Date: Jan. 28, 2020 · CIK: 0001691430 · Accession: 0000000000-20-000729
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File numbers found in text: 333-235930
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January 27, 2020
Eric Rice
Chief Executive Officer
Quanta, Inc.
3606 W. Magnolia Blvd.
Burbank, CA 91505
Re:Quanta, Inc.
Registration Statement on Form S-1
Filed January 15, 2020
File No. 333-235930
Dear Mr. Rice:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your 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 tell 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.
Registration Statement on Form S-1 filed January 15, 2020
Cover Page
1.We note your disclosure on the prospectus cover page that "[t]he Reselling Stockholders
may sell all or a portion of the shares being offered pursuant to this prospectus at fixed
prices and prevailing market prices at the time of sale, at varying prices, or at negotiated
prices." Please revise to clarify here and throughout your prospectus that the selling
security holders will sell the shares of common stock at a fixed price until such time, if
ever, as the common stock is quoted on the OTC Bulletin Board, the OTCQX, the
OCTQB or listed on a securities exchange.
FirstName LastNameEric Rice
Comapany NameQuanta, Inc.
January 27, 2020 Page 2
FirstName LastName
Eric Rice
Quanta, Inc.
January 27, 2020
Page 2
Executive and Director Compensation, page 29
2.Please update your filing to include the disclosures required by Regulation S-K Item 402
for your last completed fiscal year.
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.
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 Tim Buchmiller at (202) 551-3635 or Joseph McCann, Legal Branch
Chief, at (202) 551-6262 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: W. David Mannheim, Esq.