SEC Comment Letter 0000000000-23-009944 to Energy Exploration Technologies, Inc. (CIK 0001830166)
Energy Exploration Technologies, Inc. (CIK 0001830166)
Date: Sept. 7, 2023 · CIK: 0001830166 · Accession: 0000000000-23-009944
AI Filing Summary & Sentiment
File numbers found in text: 024-11823
Letter
United States securities and exchange commission logo September 7, 2023 Teague Egan Chief Executive Officer Energy Exploration Technologies, Inc. G-8 Calle O’Neill San Juan, Puerto Rico 00918 Re:Energy Exploration Technologies, Inc. Offering Statement on Form 1-A Post-qualification Amendment No. 4 Filed August 29, 2023 File No. 024-11823 Dear Teague Egan: We have reviewed your amendment 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. Post-qualification Amendment No. 4 to Form 1-A filed August 29, 2023 LiTAS Technology, page 31 1.We note your revised disclosure to our prior comment 1 that you will first offer GM the opportunity collaborate in the future with respect to offtake for lithium products utilizing the Company's technology relating to lithium extraction and processing for a percentage of the Company's production, with an established cap. Please revise your disclosure to give investors a reasonable idea of the amount of royalty rate that does not exceed ten percentage points and the established cap. Intellectual Property, page 33 2.We note your revised disclosure in response to our prior comment 4. Please revise your disclosure to specify the range of semi-annual royalty rates you are required to pay
FirstName LastNameTeague Egan Comapany NameEnergy Exploration Technologies, Inc. September 7, 2023 Page 2 FirstName LastName Teague Egan Energy Exploration Technologies, Inc. September 7, 2023 Page 2 pursuant to the Sublicensing Agreement you entered into with ProfMOS AS. 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. You may contact Kristin Lochhead at 202-551-3664 or Brian Cascio at 202-551-3676 if you have questions regarding comments on the financial statements and related matters. Please contact Nicholas O'Leary at 202-551-4451 or Jane Park at 202-551-7439 with any other questions. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services cc: Rebecca G. DiStefano, Esq.
Show Raw Text
United States securities and exchange commission logo
September 7, 2023
Teague Egan
Chief Executive Officer
Energy Exploration Technologies, Inc.
G-8 Calle O’Neill
San Juan, Puerto Rico 00918
Re:Energy Exploration Technologies, Inc.
Offering Statement on Form 1-A
Post-qualification Amendment No. 4
Filed August 29, 2023
File No. 024-11823
Dear Teague Egan:
We have reviewed your amendment 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.
Post-qualification Amendment No. 4 to Form 1-A filed August 29, 2023
LiTAS Technology, page 31
1.We note your revised disclosure to our prior comment 1 that you will first offer GM the
opportunity collaborate in the future with respect to offtake for lithium products utilizing
the Company's technology relating to lithium extraction and processing for a percentage
of the Company's production, with an established cap. Please revise your disclosure to
give investors a reasonable idea of the amount of royalty rate that does not exceed ten
percentage points and the established cap.
Intellectual Property, page 33
2.We note your revised disclosure in response to our prior comment 4. Please revise your
disclosure to specify the range of semi-annual royalty rates you are required to pay
FirstName LastNameTeague Egan
Comapany NameEnergy Exploration Technologies, Inc.
September 7, 2023 Page 2
FirstName LastName
Teague Egan
Energy Exploration Technologies, Inc.
September 7, 2023
Page 2
pursuant to the Sublicensing Agreement you entered into with ProfMOS AS.
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.
You may contact Kristin Lochhead at 202-551-3664 or Brian Cascio at 202-551-3676 if
you have questions regarding comments on the financial statements and related matters. Please
contact Nicholas O'Leary at 202-551-4451 or Jane Park at 202-551-7439 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc: Rebecca G. DiStefano, Esq.