Correspondence 0001683168-24-006858 from RYSE Inc. (CIK 0001824930)
RYSE Inc. (CIK 0001824930)
Date: Oct. 2, 2024 · CIK: 0001824930 · Accession: 0001683168-24-006858
AI Filing Summary & Sentiment
File numbers found in text: 024-11879
Referenced dates: October 1, 2024
Letter
Division of Corporation Finance Office of Manufacturing United States Securities and Exchange Commission Offering Statement on Form 1-A Post-qualification Amendment No. 2 Filed September 20, 2024 File No. 024-11879
Re: RYSE, Inc.
Dear Ms. Parker:
We acknowledge receipt of the comment in your letter dated October 1, 2024 regarding the Offering Statement of RYSE, Inc. (the “Company”). We appreciate the opportunity to respond to your comment.
Post-Qualification Amendment to Offering Statement on Form 1-A filed September 20, 2024
Compensation of Directors and Executive Officers, page 29
1. We note our response to comment 2 that a portion of the proceeds of the offering will be paid to your executive officers. If applicable, please revise your "Compensation of Directors and Executive Officers" section to briefly describe all proposed compensation to be made in the future pursuant to any ongoing plan or arrangement to the individuals named in this section. Refer to Item 11(d) of Part II of Form 1-A.
The Company has added a clarification on its plans regarding the compensation of its executive officers and directors as requested by the Staff.
Consolidated Financial Statements, page F-1
2. Please include interim financial statements for the period ended June 30, 2024 in accordance with Part F/S(c) of Form 1-A. Please similarly update your financial information throughout the filing.
The Company has added the interim financial statements and updated the financial information as requested by the Staff.
Thank you again for the opportunity to respond to your questions to the Offering Statement of RYSE, Inc. If you have additional questions or comments, please contact me at jeanne@crowdchecklaw.com.
Sincerely,
/s/ Jeanne Campanelli
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CORRESP 1 filename1.htm October 2, 2024 Ms. Anne Parker Chief Division of Corporation Finance Office of Manufacturing United States Securities and Exchange Commission Washington, D.C. 20549 Re: RYSE, Inc. Offering Statement on Form 1-A Post-qualification Amendment No. 2 Filed September 20, 2024 File No. 024-11879 Dear Ms. Parker: We acknowledge receipt of the comment in your letter dated October 1, 2024 regarding the Offering Statement of RYSE, Inc. (the “Company”). We appreciate the opportunity to respond to your comment. Post-Qualification Amendment to Offering Statement on Form 1-A filed September 20, 2024 Compensation of Directors and Executive Officers, page 29 1. We note our response to comment 2 that a portion of the proceeds of the offering will be paid to your executive officers. If applicable, please revise your "Compensation of Directors and Executive Officers" section to briefly describe all proposed compensation to be made in the future pursuant to any ongoing plan or arrangement to the individuals named in this section. Refer to Item 11(d) of Part II of Form 1-A. The Company has added a clarification on its plans regarding the compensation of its executive officers and directors as requested by the Staff. Consolidated Financial Statements, page F-1 2. Please include interim financial statements for the period ended June 30, 2024 in accordance with Part F/S(c) of Form 1-A. Please similarly update your financial information throughout the filing. The Company has added the interim financial statements and updated the financial information as requested by the Staff. Thank you again for the opportunity to respond to your questions to the Offering Statement of RYSE, Inc. If you have additional questions or comments, please contact me at jeanne@crowdchecklaw.com. Sincerely, /s/ Jeanne Campanelli Counsel CrowdCheck Law LLP 700 12th St NW, Ste 700, Washington, DC 20005-4052 cc: Trung Pham Chief Executive Office RYSE, Inc. 20 Camden St. Toronto, Ontario M5V 1V1