SEC Comment Letter 0000000000-23-008283 to The3rdBevco Inc. (CIK 0001819117)
The3rdBevco Inc. (CIK 0001819117)
Date: Aug. 2, 2023 · CIK: 0001819117 · Accession: 0000000000-23-008283
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File numbers found in text: 024-12066, 024-12298
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United States securities and exchange commission logo
August 2, 2023
Peter Scalise
Chief Executive Officer
The3rdBevco Inc.
2805 Veterans Highway Suite 15
Ronkonkoma, New York 11779
Re:The3rdBevco Inc.
Offering Statement on Form 1-A
Filed on July 11, 2023
File No. 024-12298
Dear Peter Scalise:
We have reviewed your offering 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 offering 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 offering statement and the information you
provide in response to these comments, we may have additional comments.
Offering Statement on Form 1-A filed July 11, 2023
General
1.We note your disclosure on pages 18 and 19 that describes the potential issuance of bonus
shares and loyalty bonus shares. Please revise to quantify the maximum number of bonus
shares and loyalty bonus shares that may be issued in connection with the offering of
8,750,000 shares.
FirstName LastNamePeter Scalise
Comapany NameThe3rdBevco Inc.
August 2, 2023 Page 2
FirstName LastName
Peter Scalise
The3rdBevco Inc.
August 2, 2023
Page 2
Risk Factors
The Company may be found liable for violating Section 5 of the Securities Act of 1933, page 14
2.Please revise your risk factor disclosure to address the following items:
•Revise references to the "previous Form 1-A" to clarify that this disclosure refers to
separate Form 1-A filings and Regulation A offerings. Include appropriate
references (e.g., "first" and "second") and identify the filing numbers. Additionally
revise references to "the Form 1-K" to include the year to which such Form 1-K
relates.
•Revise to update and clarify the following sentence in the first paragraph: "The
Company ceased all sales of securities on November 10, 2022 and does not intend to
resume sales of securities under this offering until it current with its periodic
reporting requirements under Regulation A and Form 1-A is requalified." Clearly
disclose (i) how and when you became current with your reporting requirements, (ii)
that you filed and qualified a new Form 1-A rather than requalifying the existing
Form 1-A, and (iii) the date on which you began selling securities pursuant to the
second Regulation A offering.
•Revise to update and clarify the following sentence in the second paragraph: "The
Company ceased all sales of securities on June 30, 2023 and does not intend to
resume sales of securities under this offering until it current with its periodic
reporting requirements under Regulation A and Form 1-A is requalified." Clearly
disclose (i) how and when you became current with your reporting requirements, (ii)
that you have filed and are seeking to qualify a new Form 1-A rather than
requalifying the existing Form 1-A, and (iii) that you will not begin selling securities
pursuant to the third Regulation A offering until such time as the new Form 1-A has
been qualified.
•We note that the reason disclosed for your late Form 1-K filings is identical in both
paragraphs, including "due to changes in auditors." However, the auditor report filed
with your offering circular indicates that BF Borgers CPA PC has served as your
auditor since 2022. Please revise your disclosure for consistency, or advise.
•Revise the reference to Dealmakers in the second paragraph to reconcile the apparent
inconsistency with your Form 1-A (File No. 024-12066), which identifies Dalmore
Group, LLC.
Experts, page 34
3.Please revise this section to refer to the auditors who issued a report with respect to the
audited financial statements included with your filing.
FirstName LastNamePeter Scalise
Comapany NameThe3rdBevco Inc.
August 2, 2023 Page 3
FirstName LastName
Peter Scalise
The3rdBevco Inc.
August 2, 2023
Page 3
Exhibits
4.Please file all exhibits required by Form 1-A with your next amendment. Include, without
limitation, an updated auditors' consent that refers to the audited financial statements for
the year ended December 31, 2022, and bears a date within 30 days of your filing.
5.We note the legal opinion filed as exhibit 12.1 indicates that, "The Offering Statement
covers 13,125,000 shares of Common Stock of the Company, which include potential
bonus shares." Please file a revised legal opinion which refers to the correct number of
shares being offered, including the maximum number of bonus shares and loyalty bonus
shares, consistent with your revised disclosure in response to comment 1 above.
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.
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. We also remind you that, following qualification of your Form 1-A, Rule 257
of Regulation A requires you to file periodic and current reports, including a Form 1-K which
will be due within 120 calendar days after the end of the fiscal year covered by the report.
You may contact Bradley Ecker at (202) 551-4985 or Jennifer Angelini at (202) 551-
3047 with any questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing