SEC Comment Letter for Infuzed Brands Inc. (CIK 0001793154) — Apr 2, 2020
Infuzed Brands Inc. (CIK 0001793154)
Date: April 2, 2020 · CIK: 0001793154 · Accession: 0000000000-20-002873
AI Filing Summary & Sentiment
Letter
April 2, 2020 Roop Mundi Chief Executive Officer Infuzed Brands Inc. 409 Granville Street, Suite 1000 Vancouver, British Columbia, Canada V6C 1T2 Re:Infuzed Brands Inc. Pre-qualification Amendment 1 to Offering Statement on Form 1-A Filed March 20, 2020 File No. 24-11166 Dear Mr. Mundi: We have reviewed your amended offering statement and have the following comment. In our comment we may ask you to provide us information so that we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe that our comment applies to your facts and circumstances or do not believe that an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to the comment, we may have additional comments. Pre-qualification Amendment 1 to Offering Statement on Form 1-A filed March 202, 2020 The Offering Use of Proceeds to Issuer, page 8 1.Revise the disclosure on pages 8 and 20 to make clear that if the company sells all 71,000,000 units being offered and if all 35,500,000 warrants underlying the warrants are exercised in full, the company's net proceeds will be $48,730,000 after deducting estimated offering expenses of $970,000. We note that the present disclosure refers only to the units being offered.
FirstName LastNameRoop Mundi Comapany NameInfuzed Brands Inc. April 2, 2020 Page 2 FirstName LastName Roop Mundi Infuzed Brands Inc. April 2, 2020 Page 2 You may contact Beverly A. Singleton, Staff Accountant, at (202) 551-3328 or Jean C. Yu, Assistant Chief Accountant, at (202) 551-3305 if you have questions regarding comments on the financial statements and related matters. Please contact Edward M. Kelly, Senior Counsel, at (202) 551-3728 or Sherry Haywood, Senior Counsel, at (202) 551-3345 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: Rebecca G. DiStefano, Esq.
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April 2, 2020
Roop Mundi
Chief Executive Officer
Infuzed Brands Inc.
409 Granville Street, Suite 1000
Vancouver, British Columbia, Canada V6C 1T2
Re:Infuzed Brands Inc.
Pre-qualification Amendment 1 to Offering Statement on Form 1-A
Filed March 20, 2020
File No. 24-11166
Dear Mr. Mundi:
We have reviewed your amended offering statement and have the following comment. In
our comment we may ask you to provide us information so that we may better understand your
disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe that our comment applies to your facts and
circumstances or do not believe that an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to the comment, we may have additional comments.
Pre-qualification Amendment 1 to Offering Statement on Form 1-A filed March 202, 2020
The Offering
Use of Proceeds to Issuer, page 8
1.Revise the disclosure on pages 8 and 20 to make clear that if the company sells all
71,000,000 units being offered and if all 35,500,000 warrants underlying the warrants are
exercised in full, the company's net proceeds will be $48,730,000 after deducting
estimated offering expenses of $970,000. We note that the present disclosure refers only
to the units being offered.
FirstName LastNameRoop Mundi
Comapany NameInfuzed Brands Inc.
April 2, 2020 Page 2
FirstName LastName
Roop Mundi
Infuzed Brands Inc.
April 2, 2020
Page 2
You may contact Beverly A. Singleton, Staff Accountant, at (202) 551-3328 or Jean C.
Yu, Assistant Chief Accountant, at (202) 551-3305 if you have questions regarding comments on
the financial statements and related matters. Please contact Edward M. Kelly, Senior Counsel, at
(202) 551-3728 or Sherry Haywood, Senior Counsel, at (202) 551-3345 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing
cc: Rebecca G. DiStefano, Esq.