SEC Company Response from Otis Collection LLC (CIK 0001795168) — Nov 19, 2021
Otis Collection LLC (CIK 0001795168)
Date: Nov. 19, 2021 · CIK: 0001795168 · Accession: 0001213900-21-060798
AI Filing Summary & Sentiment
File numbers found in text: 024-11521
Letter
Otis Collection LLC
335 Madison Ave, 4th Floor
New York, NY 10017
November 18, 2021
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Jacqueline Kaufman
Re: Otis Collection LLC
Post-Qualification Amendment No. 5 to Offering Statement on Form 1-A
File No. 024-11521
Ladies and Gentlemen:
Thank you for the comments of November 16, 2021 regarding Post-Qualification Amendment No. 5 to the Offering Statement on Form 1-A (the “Offering Statement”) of Otis Collection LLC (the “Company,” “we,” “us” or “our”). We appreciate the opportunity to respond to your comments. For your convenience, we have restated your comments below and have provided a response to each comment in turn.
Post-Qualification Amendment No. 5 to Form 1-A
Description of Business
Liquidity Platform, page 85
1.
Please revise your disclosure to describe (1) whether investors holding your securities can freely trade the securities on any trading venue other than the PPEX ATS, (2) whether your investors are limited to using the Liquidity Platform tool to enter orders into the PPEX ATS or into any other trading venue, such as another ATS, and (3) whether your investors are required to use the introducing broker that is referred to in the disclosures to trade the securities in any way.
The Company has amended its disclosure on page 85 to reflect the alternative means that investors may trade their securities issued by the Company.
Please do not hesitate to contact me or our counsel, Andrew Stephenson of CrowdCheck Law LLP, at (650) 906-9984 or andrew@crowdchecklaw.com, if you have any questions regarding the foregoing response.
Sincerely,
Otis Collection LLC
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Otis Collection LLC
335 Madison Ave, 4th Floor
New York, NY 10017
November 18, 2021
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Jacqueline Kaufman
Re: Otis Collection LLC
Post-Qualification Amendment No. 5 to Offering
Statement on Form 1-A
File No. 024-11521
Ladies and Gentlemen:
Thank you for the comments of November 16, 2021
regarding Post-Qualification Amendment No. 5 to the Offering Statement on Form 1-A (the “Offering Statement”) of Otis
Collection LLC (the “Company,” “we,” “us” or “our”).
We appreciate the opportunity to respond to your comments. For your convenience, we have restated your comments below and have provided
a response to each comment in turn.
Post-Qualification Amendment No. 5 to Form 1-A
Description of Business
Liquidity Platform, page 85
1.
Please revise your disclosure to describe (1) whether investors
holding your securities can freely trade the securities on any trading venue other than the PPEX ATS, (2) whether your investors are limited
to using the Liquidity Platform tool to enter orders into the PPEX ATS or into any other trading venue, such as another ATS, and (3) whether
your investors are required to use the introducing broker that is referred to in the disclosures to trade the securities in any way.
The Company has amended its disclosure on page 85 to reflect the alternative
means that investors may trade their securities issued by the Company.
Please do not hesitate to contact me or our counsel,
Andrew Stephenson of CrowdCheck Law LLP, at (650) 906-9984 or andrew@crowdchecklaw.com, if you have any questions regarding the foregoing
response.
Sincerely,
Otis Collection LLC
By:
Otis Wealth, Inc., its managing member
By:
/s/ Michael Karnjanaprakorn
Michael Karnjanaprakorn
Chief Executive Officer
cc:
Keith Marshall
Andrew Stephenson, Esq.