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SEC Comment Letter for Catheter Precision, Inc. (VTAK) (CIK 0001716621) (VJET) — Apr 23, 2020

Catheter Precision, Inc. (VTAK) (CIK 0001716621)
Date: April 23, 2020 · CIK: 0001716621 · Accession: 0000000000-20-003497

AI Filing Summary & Sentiment

File numbers found in text: 333-237701

Date
April 23, 2020
Author
Not clearly detected
Form
UPLOAD
Company
Catheter Precision, Inc. (VTAK) (CIK 0001716621)

Letter

April 23, 2020 Andrew Jackson Chief Financial Officer Ra Medical Systems, Inc. 2070 Las Palmas Drive Carlsbad, California 92011 Re:Ra Medical Systems, Inc. Registration Statement on Form S-1 Filed April 16, 2020 File No. 333-237701 Dear Mr. Jackson: We have limited our review of your registration statement to those issues we have addressed in our comment. In our comment, 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 comment applies 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 this comment, we may have additional comments. Registration Statement on Form S-1 Risk Factors Our certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts..., page 60 1.We note that your forum selection provision discussed in this risk factor and on page 70 identifies the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any "derivative action." Please disclose whether this provision applies to actions arising under the Exchange Act. We note in this regard 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 or regulations thereunder. If this provision does not apply to actions arising under the Exchange Act, please tell us how you will inform investors in future filings that the provision does not apply to any actions

FirstName LastNameAndrew Jackson Comapany NameRa Medical Systems, Inc. April 23, 2020 Page 2 FirstName LastName Andrew Jackson Ra Medical Systems, Inc. April 23, 2020 Page 2 arising under the Exchange Act. We also note that your forum selection provision identifies the federal district courts of the United States as the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act. With respect to this exclusive federal forum provision, please also revise your prospectus to state that 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. 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 Courtney Lindsay at (202) 551-7237 or Ada Sarmento at (202) 551-3798 with any other questions. Sincerely, Division of Corporation Finance Office of Life Sciences

Show Raw Text
April 23, 2020
Andrew Jackson
Chief Financial Officer
Ra Medical Systems, Inc.
2070 Las Palmas Drive
Carlsbad, California 92011
Re:Ra Medical Systems, Inc.
Registration Statement on Form S-1
Filed April 16, 2020
File No. 333-237701
Dear Mr. Jackson:
            We have limited our review of your registration statement to those issues we have
addressed in our comment.  In our comment, 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 comment applies 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 this comment, we may have additional comments.
Registration Statement on Form S-1
Risk Factors
Our certificate of incorporation provides that the Court of Chancery of the State of Delaware and
the federal district courts..., page 60
1.We note that your forum selection provision discussed in this risk factor and on page 70
identifies the Court of Chancery of the State of Delaware as the exclusive forum for
certain litigation, including any "derivative action."  Please disclose whether this provision
applies to actions arising under the Exchange Act.  We note in this regard 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 or regulations thereunder. If
this provision does not apply to actions arising under the Exchange Act, please tell us how
you will inform investors in future filings that the provision does not apply to any actions

 FirstName LastNameAndrew Jackson
 Comapany NameRa Medical Systems, Inc.
 April 23, 2020 Page 2
 FirstName LastName
Andrew Jackson
Ra Medical Systems, Inc.
April 23, 2020
Page 2
arising under the Exchange Act. We also note that your forum selection provision
identifies the federal district courts of the United States as the exclusive forum for
resolving any complaint asserting a cause of action arising under the Securities Act. With
respect to this exclusive federal forum provision, please also revise your prospectus to
state that 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.
            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 Courtney Lindsay at (202) 551-7237 or Ada Sarmento at (202) 551-3798
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences