SEC Company Response from QUANTA INC (CIK 0001691430) — Feb 13, 2020
QUANTA INC (CIK 0001691430)
Date: Feb. 13, 2020 · CIK: 0001691430 · Accession: 0001493152-20-002204
AI Filing Summary & Sentiment
File numbers found in text: 333-235930
Referenced dates: January 27, 2020
Show Raw Text
CORRESP
1
filename1.htm
February
13, 2020
Via
EDGAR
United
States Securities and Exchange Commission
Division
of Corporation Finance, Office of Life Sciences
Mail
Stop 3561
100
F Street, NE
Washington,
D.C. 20549
Attention:
Tim
Buchmiller
Joseph
McCann
Re:
Quanta,
Inc.
Registration
Statement on Form S-1
Filed
on January 15, 2020
File
No. 333-235930
Ladies
and Gentlemen:
On
behalf of Quanta, Inc., a Nevada corporation (the “Company”), and pursuant to the applicable provisions
of the Securities Act of 1933, as amended (the “Securities Act”), and the rules promulgated thereunder,
we are concurrently filing with the Securities and Exchange Commission (the “Commission”) Amendment
No. 1 to the Company’s Registration Statement on Form S-1 (File No. 333-235930) (the “Registration Statement”),
which was initially filed with the Commission on January 15, 2020. In this letter, we respond to the comment letter from the staff
of the Commission (the “Staff”) to Eric Rice, the Company’s Chief Executive Officer, dated January
27, 2020. The response provided herein is based on information provided to Nelson Mullins Riley & Scarborough LLP by the Company.
The
Staff’s comments are set forth in italics in the numbered paragraphs below, followed by the Company’s responses. Unless
otherwise indicated, capitalized terms used herein have the meanings ascribed to them in the Registration Statement.
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.
Response:
In response to the Staff’s comment, the Company respectfully advises the Staff that it has revised the Registration
Statement in Amendment No. 1 to clarify on the cover page and throughout the 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.
California
| Colorado | District of Columbia | Florida | Georgia | Maryland | Massachusetts | New York
North
Carolina | South Carolina | Tennessee | West Virginia
United
States Securities and Exchange Commission
February
13, 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.
Response:
In response to the Staff’s comment, the Company respectfully advises the Staff that it has revised the Registration Statement
in Amendment No. 1 to include the disclosures required by Regulation S-K Item 402 for the Company’s last completed fiscal
year.
*
* * * *
United
States Securities and Exchange Commission
February
13, 2020
Page 3
Please
do not hesitate to contact the undersigned at (919) 329-3804 with any questions or comments you may have regarding this letter.
Sincerely,
/s/
W. David Mannheim
W.
David Mannheim
cc:
Eric Rice, Chief Executive Officer