SEC Comment Letter 0000000000-24-001882 to RSE Innovation, LLC (CIK 0001812859)
RSE Innovation, LLC (CIK 0001812859)
Date: Feb. 16, 2024 · CIK: 0001812859 · Accession: 0000000000-24-001882
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File numbers found in text: 024-11612
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United States securities and exchange commission logo
February 16, 2024
Christopher J. Bruno
Chief Executive Officer & President
RSE Innovation, LLC
446 Broadway, 2nd Floor
New York, NY 10013
Re:RSE Innovation, LLC
Offering Statement on Form 1-A
Post-Qualification Amendment No. 10
Filed February 9, 2024
File No. 024-11612
Dear Christopher J. Bruno:
We have reviewed your amendment and have the following comment(s).
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies 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 offering statement and the information you provide in
response to this letter, we may have additional comments.
Post-Qualification Amendment No. 10 Filed February 9, 2024
Management
Responsibilities of the Asset Manager, page 77
1.We note your revised disclosure on page 77. Please revise to disclose that pursuant to the
Asset Management Agreement, Domain X must pre-approve any sale, transfer, or
conveyance of the asset(s). Additionally, please revise to disclose what would happen in a
scenario where RSE wants to sell, transfer, or convey the asset(s), but Domain X does
not. Finally, please add risk factor disclosure that addresses the related risks, including an
explanation of Domain X's level of control over the asset(s) it manages and the potential
risk(s) to investors.
We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
FirstName LastNameChristopher J. Bruno
Comapany NameRSE Innovation, LLC
February 16, 2024 Page 2
FirstName LastName
Christopher J. Bruno
RSE Innovation, LLC
February 16, 2024
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Cara Wirth at 202-551-7127 or Donald Field at 202-551-3680 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Lori Metrock