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SEC Comment Letter 0000000000-24-001835 to Certiplex Corp (CIK 0001755347)

Certiplex Corp (CIK 0001755347)
Date: Feb. 15, 2024 · CIK: 0001755347 · Accession: 0000000000-24-001835

AI Filing Summary & Sentiment

File numbers found in text: 333-274531

Date
February 15, 2024
Author
Not clearly detected
Form
UPLOAD
Company
Certiplex Corp (CIK 0001755347)

Letter

United States securities and exchange commission logo February 15, 2024 Varton Berian Chief Executive Officer Certiplex Corporation 663 Rancho Santa Fe Rd Suite 628 San Marcos, CA 92078 Re:Certiplex Corporation Amendment No. 2 to Registration Statement on Form S-1 Filed January 26, 2024 File No. 333-274531 Dear Varton Berian: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a 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 letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our January 10, 2024 letter. Amendment No. 2 to Registration Statement on Form S-1 Prospectus Summary, page 1 1.We note your response to prior comment 3 and reissue it in part. Please revise here and elsewhere as appropriate to explicitly define "Business Ready Opportunities." Business Modules, page 22 2.We note your response to prior comment 6. Please further elaborate upon the cost of a business module to the purchaser, how the purchaser of a module is related (or not) to your company after purchase (for example as an independent contractor, franchisee or otherwise), and how both the purchaser and you earn revenue through such business modules. In addition, explain how you provide businesses that have. . . products or services already built in." For example, explain whether this means that you established, operated or otherwise participated in the businesses of the identified business modules

FirstName LastNameVarton Berian Comapany NameCertiplex Corporation February 15, 2024 Page 2 FirstName LastName Varton Berian Certiplex Corporation February 15, 2024 Page 2 prior to selling them; disclose whether the sale of such modules included the sale of assets; describe the state of the identified module businesses at the time you sold them; and disclose whether you supply the products sold in such businesses. 3.As it appears that an agreement may have been made between you and Candy That Cares, and/or that Ms. Berian operates both businesses, it continues to appear that disclosure is required under Item 404 of Regulation S-K; please revise or provide us with your analysis as to why such disclosure is not required. Further, with respect to the Candy That Cares module, explain whether, in the case of a purchaser of a module that advertises "charity vending," you oversee whether the purchase does, in fact, donate any of the proceeds to charity. Description of Business Pro Sun Lights, page 22 4.We note your response to prior comment 7 and reissue it in part. Please revise here to further disclose the material terms of the licensing agreement, including the material obligations of both parties and termination provisions. Refer to Item 601(b)(10) of Regulation S-K. Executive Compensation, page 25 5.Please update this section for the most recently completed fiscal year. Refer to Item 402 of Regulation S-K. Notes to the Financial Statements Stock Based Compensation, page 41 6.We note your response to prior comment 10. Please revise here to clearly state that currently, there is no Employee Stock Purchase Plan in effect, but that you plan on developing such a plan in the event that further employees are added. Please contact Rucha Pandit at 202-551-6022 or Lilyanna Peyser at 202-551-3222 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services

Show Raw Text
United States securities and exchange commission logo
February 15, 2024
Varton Berian
Chief Executive Officer
Certiplex Corporation
663 Rancho Santa Fe Rd Suite 628
San Marcos, CA 92078
Re:Certiplex Corporation
Amendment No. 2 to Registration Statement on Form S-1
Filed January 26, 2024
File No. 333-274531
Dear Varton Berian:
            We have reviewed your amended registration statement and have the following
comment(s).
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a 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 letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our January 10, 2024 letter.
Amendment No. 2 to Registration Statement on Form S-1
Prospectus Summary, page 1
1.We note your response to prior comment 3 and reissue it in part. Please revise here and
elsewhere as appropriate to explicitly define "Business Ready Opportunities."
Business Modules, page 22
2.We note your response to prior comment 6. Please further elaborate upon the cost of a
business module to the purchaser, how the purchaser of a module is related (or not) to
your company after purchase (for example as an independent contractor, franchisee or
otherwise), and how both the purchaser and you earn revenue through such business
modules. In addition, explain how you provide businesses that have. . . products or
services already built in." For example, explain whether this means that you established,
operated or otherwise participated in the businesses of the identified business modules

 FirstName LastNameVarton Berian
 Comapany NameCertiplex Corporation
 February 15, 2024 Page 2
 FirstName LastName
Varton Berian
Certiplex Corporation
February 15, 2024
Page 2
prior to selling them; disclose whether the sale of such modules included the sale of
assets; describe the state of the identified module businesses at the time you sold them;
and disclose whether you supply the products sold in such businesses.
3.As it appears that an agreement may have been made between you and Candy That Cares,
and/or that Ms. Berian operates both businesses, it continues to appear that disclosure is
required under Item 404 of Regulation S-K; please revise or provide us with your analysis
as to why such disclosure is not required. Further, with respect to the Candy That Cares
module, explain whether, in the case of a purchaser of a module that advertises "charity
vending," you oversee whether the purchase does, in fact, donate any of the proceeds to
charity.
Description of Business
Pro Sun Lights, page 22
4.We note your response to prior comment 7 and reissue it in part. Please revise here to
further disclose the material terms of the licensing agreement, including the material
obligations of both parties and termination provisions. Refer to Item 601(b)(10) of
Regulation S-K.
Executive Compensation, page 25
5.Please update this section for the most recently completed fiscal year. Refer to Item 402 of
Regulation S-K.
Notes to the Financial Statements
Stock Based Compensation, page 41
6.We note your response to prior comment 10. Please revise here to clearly state that
currently, there is no Employee Stock Purchase Plan in effect, but that you plan on
developing such a plan in the event that further employees are added.
            Please contact Rucha Pandit at 202-551-6022 or Lilyanna Peyser at 202-551-3222 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services