Correspondence 0001079973-24-000123 from Certiplex Corp (CIK 0001755347)
Certiplex Corp (CIK 0001755347)
Date: Jan. 26, 2024 · CIK: 0001755347 · Accession: 0001079973-24-000123
AI Filing Summary & Sentiment
File numbers found in text: 333-274531
Referenced dates: January 10, 2024
Show Raw Text
CORRESP
1
filename1.htm
Correspondence
Certiplex Corporation
663 Rancho Santa Fe Rd Suite 628
San Marcos, CA 92078
Telephone: 800-456-6211
www.Certiplex.com
wbcertiplex@gmail.com
January
26, 2024
Via
EDGAR
Division
of Corporation Finance
Office
of Trade & Services
U.S.
SECURITIES AND EXCHANGE COMMISSION
100
F Street, N.E.
Washington,
DC 20549
Attention: Rucha Pandit
Lilyanna Peyser
RE: Certiplex Corporation
Amendment No. 2 to Registration Statement on Form S-1
Filed January 24, 2024
File No. 333-274531
Dear
Ms. Pandit and Ms. Peyser:
We
are hereby responding to the letter dated January 10, 2024 (the“Comment Letter”) from the staff (the “Staff”)
of the Securities and Exchange Commission regarding the Company’s S-1\A Registration Statement Filed December 15, 2023, File No.
333-274531.
For
ease of reference, the text of the Staff’s comment is included in boldface type below, followed by the Company’s response.
“The
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the
registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective
in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such
date as the Commission acting pursuant to said Section 8(a), may determine.”
Cover
Page
1.
Please revise to include the delaying amendment legend on the front cover page of the registration statement. Refer to Item 501(a) of
Regulation S-K.
RESPONSE:
The
following was added:
We
hereby amend this registration statement on such date or dates as may be necessary to delay our effective date until the registrant shall
file a further amendment which specifically states that this registration statement shall, thereafter, become effective in accordance
with Section 8(a) of the Securities Act of 1933, or until the registration statement shall become effective on such date as the Commission,
acting pursuant to Section 8(a) may determine.
Prospectus
Summary, page 1
2.
Please revise here and on the prospectus cover page to state, as you do in your risk factor disclosure on page 7, that "Varton Berian
owns approximately 62% of our outstanding common shares and will continue to do so" after the filing of the registration statement
and that, as a result, Mr. Berian will have "the ability to control the outcome of corporate actions requiring stockholder approval,
including mergers and other changes of corporate control, any private transactions, and other extraordinary transactions."
RESPONSE:
Added per comment on the prospectus cover page and the Prospect summary page.
3.
Please define the terms "Business Ready Opportunities" and "Social Media Integration."
RESPONSE:
Business Ready Opportunities explanation is referred to on page 22.
The
word "integration" was replaced by the word "development" for clarification.
Company
Cash Flow, page 2
4.
With a view to putting your financial condition in context, where you discuss your revenue, please also disclose your net
income/loss for the noted periods.
RESPONSE:
Revised accordingly on page 2.
Risk
Factors, page 6
5.
To the extent applicable, please update your risk factors to disclose how recent inflationary pressures have materially impacted your
business and operations. For example, identify the types of inflationary pressures you are facing and how your business has been affected.
RESPONSE:
The risk factor was added on Page 7.
Business
Modules, page 22
6.
Please expand upon the "Candy That Cares" line of vending supplies, including how the business module works for those that
purchase it, the cost to 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 this module. Disclose that
both of the identified website domains lead to the same Candy That Cares line of vending supplies and, if true, that Candy That Cares
is your only business module offering. We also note your disclosure that Varton Berian is the CEO and founder of Candy That Cares; in
an appropriate place, please revise to disclose the terms of this related party transaction.
RESPONSE:
The section on Business Modules on page 22 was revised to clarify how Business Modules work. Additionally, we have clarified why both
websites, Vendn.com and candythatcares.org, lead to the same website content. The statement that Varton Berian served as CEO of various
entities was a mistake in the Executive Officers and Directors section on page 24 and has been corrected.
Description
of Business
Pro
Sun Lights, page 22
7.
We note that you have "acquired the non-exclusive licensing rights for the Pro Sun LED Lighting System." Please file any licensing
agreements as exhibits to the registration statement and disclose the terms of such agreements, including the material obligations of
both parties, termination provisions and fee structure. Refer to Item 601(b)(10) of Regulation S-K.
RESPONSE:
We have revised the section to include details of the licensing agreement and have included the licensing agreement as an exhibit.
Regulation,
page 23
8.
With a view to understanding the governmental regulations that are applicable to your business, please revise to clarify the degree to
which you conduct business operations outside of the United States. In this regard, we note your disclosure that your "business
is subject to regulation by federal and state laws in the United States and the laws of other jurisdictions in which we do business (emphasis
added)."
RESPONSE:
The sentence on page 23 was revised to:
Our
business is exclusively conducted within the United States and is subject to regulation by federal and state laws in the United States.
Should we do business with countries outside the United States, we would be subject to their laws and regulations.
Directors,
Executive Officers, Promoters and Control Persons, page 24
9.
Please revise the column captioned "Title/Position" to reflect that Varton Berian is also the President of the company. Refer
to Item 401 of Regulation S-K.
RESPONSE:
Added per comment.
Notes
to the Financial Statements
Stock
Based Compensation, page 41
10.
To the extent material, please file the Employee Stock Purchase Plan as an exhibit or tell us why you believe you are not required to
do so. Refer to Item 601(b)(10)(ii)(B) of
regulation
S-K.
RESPONSE:
As Varton Berian, the President, is currently the only employee of the company and stock was issued in 2021 for services, and there are
no current plans to add additional employees, we don't believe an employee stock purchase plan is necessary at this time. However, at
such time that we add additional employees, we plan on developing an Employee Stock Purchase Plan.
General
11.
Please provide us with supplemental copies of all written communications, as defined in Rule 405 under the Securities Act, that you,
or anyone authorized to do so on your behalf, have presented or expect to present to potential investors in reliance on Section 5(d)
of the Securities Act, whether or not you retained, or intend to retain, copies of those communications. Please contact the staff member
associated with the review of this filing to discuss how to submit the materials, if any, to us for our review.
RESPONSE:
At the time of the amendment filing, we intend to obtain the email address or other address of the associated staff member to send the
requested documentation.
Sincerely,
/s/
Varton Berian
President,
Certiplex Corp.