SEC Comment Letter 0000000000-23-006861 to DeFi Development Corp. (DFDV)
DeFi Development Corp.
Date: June 27, 2023 · CIK: 0001805526 · Accession: 0000000000-23-006861
AI Filing Summary & Sentiment
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File numbers found in text: 333-267907
Letter
United States securities and exchange commission logo June 27, 2023 Blake Janover Chief Executive Officer Janover Inc. 6401 Congress Ave, Ste 250 Boca Raton, FL 33487 Re:Janover Inc. Amendment No. 3 to Registration Statement on Form S-1 Filed June 12, 2023 File No. 333-267907 Dear Blake Janover: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply 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 these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our May 4, 2023 letter. Form S-1 filed June 12, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Results for Operations Three Months Ended March 31, 2023, Compared to the Three Months Ended March 31, 2022, page 49 1.Please enhance your revenue discussion to disclose the number of transactions closed and average revenue per transaction for the periods present consistent with your revenue discussion for years ended December 31, 2022 and December 31, 2021, and discuss underlying changes in trends. Refer to Item 303(c) of Regulation S-K.
FirstName LastNameBlake Janover Comapany NameJanover Inc. June 27, 2023 Page 2 FirstName LastName Blake Janover Janover Inc. June 27, 2023 Page 2 You may contact David Irving at (202) 551-3321 or Michelle Miller at (202) 551-3368 if you have questions regarding comments on the financial statements and related matters. Please contact Eric Envall at (202) 551-3234 or Susan Block at (202) 551-3210 with any other questions. Sincerely, Division of Corporation Finance Office of Finance
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United States securities and exchange commission logo
June 27, 2023
Blake Janover
Chief Executive Officer
Janover Inc.
6401 Congress Ave, Ste 250
Boca Raton, FL 33487
Re:Janover Inc.
Amendment No. 3 to Registration Statement on Form S-1
Filed June 12, 2023
File No. 333-267907
Dear Blake Janover:
We have reviewed your amended registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply 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 these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our May 4, 2023 letter.
Form S-1 filed June 12, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results for Operations
Three Months Ended March 31, 2023, Compared to the Three Months Ended March 31, 2022,
page 49
1.Please enhance your revenue discussion to disclose the number of transactions closed and
average revenue per transaction for the periods present consistent with your revenue
discussion for years ended December 31, 2022 and December 31, 2021, and discuss
underlying changes in trends. Refer to Item 303(c) of Regulation S-K.
FirstName LastNameBlake Janover
Comapany NameJanover Inc.
June 27, 2023 Page 2
FirstName LastName
Blake Janover
Janover Inc.
June 27, 2023
Page 2
You may contact David Irving at (202) 551-3321 or Michelle Miller at (202) 551-3368 if
you have questions regarding comments on the financial statements and related matters. Please
contact Eric Envall at (202) 551-3234 or Susan Block at (202) 551-3210 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Finance