SEC Company Response from Otis Collection LLC (CIK 0001795168) — Mar 12, 2020
Otis Collection LLC (CIK 0001795168)
Date: March 12, 2020 · CIK: 0001795168 · Accession: 0001213900-20-006101
AI Filing Summary & Sentiment
File numbers found in text: 024-11126
Letter
Office of Trade & Services Division of Corporation Finance Amendment No. 2 to Offering Statement on Form 1-A Filed February 12, 2020 File No. 024-11126
Re: Otis Collection LLC
Dear Ms. Ransom:
Thank you for your comments of March 10, 2020 regarding Amendment No. 2 to the Offering Statement of Otis Collection LLC (the “Company”). We appreciate the opportunity to respond to your comments.
Offering Statement on Form 1-A
Liquidity Platform, page 45
1. We note your revisions to your description of the liquidity platform. Please confirm that when your liquidity platform is operational, you will update your disclosure to identify the broker-dealer you have retained and provide further clarity as to your intended use of an ATS.
The Company hereby confirms that, when the proposed liquidity platform is operational, it will update the disclosure by supplement or amendment, as necessary, to identify the broker-dealer that has been retained to effect transactions, or provide further clarity regarding the intended use of an ATS, if applicable.
Thank you again for the opportunity to respond to your questions to Amendment No. 2 to the Offering Statement of Otis Collection LLC filed February 12, 2020. If you have additional questions or comments, please contact me at andrew@crowdchecklaw.com.
Sincerely,
/s/ Andrew Stephenson
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CORRESP
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filename1.htm
Ms. Mara Ransom
Office Chief
Office of Trade & Services
Division of Corporation Finance
US Securities and Exchange Commission
Washington, D.C. 20549
March 12, 2020
Re: Otis
Collection LLC
Amendment No. 2 to Offering Statement on Form
1-A
Filed February 12, 2020
File No. 024-11126
Dear Ms. Ransom:
Thank you for your comments of March 10, 2020 regarding Amendment
No. 2 to the Offering Statement of Otis Collection LLC (the “Company”). We appreciate the opportunity to respond to
your comments.
Offering Statement on Form 1-A
Liquidity Platform, page 45
1.
We note your revisions to your description of the liquidity platform. Please confirm that when your liquidity platform is operational, you will update your disclosure to identify the broker-dealer you have retained and provide further clarity as to your intended use of an ATS.
The Company hereby confirms that, when the proposed
liquidity platform is operational, it will update the disclosure by supplement or amendment, as necessary, to identify the broker-dealer
that has been retained to effect transactions, or provide further clarity regarding the intended use of an ATS, if applicable.
Thank you again for the opportunity to respond to your questions
to Amendment No. 2 to the Offering Statement of Otis Collection LLC filed February 12, 2020. If you have additional questions or
comments, please contact me at andrew@crowdchecklaw.com.
Sincerely,
/s/ Andrew Stephenson
Andrew Stephenson
CrowdCheck Law LLP
cc: Michael Karnjanaprakorn
Chief Executive Officer
Otis Collection LLC
335 Madison Ave, 3rd Floor
New York, NY 10017