SecProbe.io

Filing text and metadata
Intelligence Terminal Search Probe Scores Topics IPO Watchlist Monthly Activity About API

SEC Comment Letter for Solid Biosciences Inc. (SLDB) (CIK 0001707502) (SLDB) — Sep 4, 2019

Solid Biosciences Inc. (SLDB) (CIK 0001707502)
Date: Sept. 4, 2019 · CIK: 0001707502 · Accession: 0000000000-19-013134

AI Filing Summary & Sentiment

Sentiment
Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

File numbers found in text: 333-233594

Date
September 4, 2019
Author
Ilan Ganot
Form
UPLOAD
Company
Solid Biosciences Inc. (SLDB) (CIK 0001707502)

Letter

September 4, 2019 Ilan Ganot Chief Executive Officer Solid Biosciences Inc. 141 Portland Street, Fifth Floor Cambridge, MA 02139 Re:Solid Biosciences Inc. Registration Statement on Form S-3 Filed September 3, 2019 File No. 333-233594 Dear Mr. Ganot: 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-3 General 1.We note that the forum selection provisions in your certificate of incorporation and bylaws identify the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any “derivative action.” Please disclose whether these provisions apply to actions arising under the Securities Act or Exchange Act. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If the provisions apply to Securities Act claims, please also revise your prospectus to state that

FirstName LastNameIlan Ganot Comapany NameSolid Biosciences Inc. September 4, 2019 Page 2 FirstName LastName Ilan Ganot Solid Biosciences Inc. September 4, 2019 Page 2 there is uncertainty as to whether a court would enforce such provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. If this provision does not apply to actions arising under the Securities Act or Exchange Act, please tell us how you will inform investors in future filings that the provision does not apply to any actions arising under the Securities Act or Exchange Act. 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 Sonia Bednarowski at 202-551-3666 or Dietrich King at 202-551- 8071 with any questions. Sincerely, Division of Corporation Finance Office of Healthcare & Insurance

Show Raw Text
September 4, 2019
Ilan Ganot
Chief Executive Officer
Solid Biosciences Inc.
141 Portland Street, Fifth Floor
Cambridge, MA 02139
Re:Solid Biosciences Inc.
Registration Statement on Form S-3
Filed September 3, 2019
File No. 333-233594
Dear Mr. Ganot:
            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-3
General
1.We note that the forum selection provisions in your certificate of incorporation and
bylaws identify the Court of Chancery of the State of Delaware as the exclusive forum for
certain litigation, including any “derivative action.”  Please disclose whether
these provisions apply to actions arising under the Securities Act or Exchange Act.  In that
regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction
over all suits brought to enforce any duty or liability created by the Exchange Act or the
rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent
jurisdiction for federal and state courts over all suits brought to enforce any duty or
liability created by the Securities Act or the rules and regulations thereunder.  If the
provisions apply to Securities Act claims, please also revise your prospectus to state that

 FirstName LastNameIlan Ganot
 Comapany NameSolid Biosciences Inc.
 September 4, 2019 Page 2
 FirstName LastName
Ilan Ganot
Solid Biosciences Inc.
September 4, 2019
Page 2
there is uncertainty as to whether a court would enforce such provision and that investors
cannot waive compliance with the federal securities laws and the rules and regulations
thereunder.  If this provision does not apply to actions arising under the Securities Act or
Exchange Act, please tell us how you will inform investors in future filings that the
provision does not apply to any actions arising under the Securities Act or Exchange Act.
            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 Sonia Bednarowski at 202-551-3666 or Dietrich King at 202-551-
8071 with any questions.
Sincerely,
Division of Corporation Finance
Office of Healthcare & Insurance