SEC Company Response from Energy Exploration Technologies, Inc. (CIK 0001830166) — Jun 26, 2026
Energy Exploration Technologies, Inc. (CIK 0001830166)
Date: June 26, 2026 · CIK: 0001830166 · Accession: 0001493152-26-030294
AI Filing Summary & Sentiment
File numbers found in text: 024-12616
Referenced dates: June 25, 2026
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filename1.htm
E:
Lou@bevilacquapllc.com
T:
202.869.0888 (ext. 100)
W:
bevilacquapllc.com
June
26, 2026
VIA
EDGAR
U.S.
Securities and Exchange Commission
Division
of Corporation Finance
Office
of Industrial Applications and Services
100
F Street, N.E.
Washington,
DC. 20549
Attn:
Nicholas
O’Leary
Katherine
Bagley
Re:
Energy
Exploration Technologies, Inc.
Post-Qualification
Amendment No. 3 to Offering Statement on Form 1-A
Filed
June 16, 2026
File
No. 024-12616
Ladies
and Gentlemen:
On
behalf of our client, Energy Exploration Technologies, Inc. (the “Company”), we hereby submit the Amendment No. 1 to Post-Qualification
Amendment No. 3 to the Company’s Offering Statement on Form 1-A (the “Offering Statement”), and related responses to
the comments of the staff of the U.S. Securities and Exchange Commission (the “Staff”) on the Offering Statement set forth
in the Staff’s letter dated June 25, 2026. For the convenience of the Staff, each of the comments set forth in the Staff’s
letter is included herein and followed by a corresponding response from the Company. Unless the context indicates otherwise, references
in this letter to “we”, “us”, and “our” refer to the Company on a consolidated basis.
Post-Qualification
Amendment No. 3 to Offering Statement on Form 1-A
General
1. We
note your disclosure that the 356,603 shares you are qualifying in this post-qualification
amendment correspond to 356,603 shares sold in this offering during July 2025, which, as
of July 1, 2026, will have fallen outside of the rolling 12-month maximum offering amount
limitation set forth in Rule 251(a)(2). However, the Rule 251(a)(2) lookback period for your
offering includes sales made in the months of July 2025 and 2026, and additional shares will
not fall outside of the lookback period until 12 months after the date each were sold in
July 2025. Therefore, please revise your offering circular to include amounts eligible for
sale within the $75 million maximum for the relevant 12-month period. If you wish to qualify
the 356,603 securities at a price of $13.00 per share, please revise to address the following:
● The
latest date the 356,603 shares were sold in July 2025; and
● The
commencement date for this offering resulting in a maximum offering amount that complies
with Rule 251(a)(2).
Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that the Offering Statement has been revised in response thereto.
The Company is no longer seeking qualification of the 356,603 additional shares referenced in the Staff’s comment. The Offering
Statement now reflects that PQA No. 3 is being made in order to: (i) update certain disclosures in the previously qualified Offering
Circular; and (ii) incorporate and consolidate disclosures made in all Form 1-U and Form 253(g) filings made on behalf of the Company
since qualification of PQA #2, as appropriate, and (iii) comply with Rule 252(f)(2)(i) with respect to our audited financial statements
for the fiscal year ended December 31, 2025.
800 Connecticut Ave., NW, Suite 300
Washington, DC 20006
PG. 2
2. As
a related matter, we note your disclosure that, “[a]s of the date of this offering
circular, we have sold approximately 4,131,147 Shares in this offering, at an average price
per share equal to $10.28 (including bonus shares issued), for gross proceeds of $44,514,772,”
and that this total consists of, among other share issuances, 1,779,860 shares at $10.00
per share for gross proceeds of $17,798,600 and 199,900 bonus shares at no consideration.
Based on these disclosures, it is unclear whether you are including the $1,999,000 attributable
to the bonus shares in your calculation of the maximum offering amount for the relevant 12-month
lookback period. Please clarify whether your calculation of the 356,603 shares available
for sale at $13.00 per share takes into account the bonus shares issued over the relevant
lookback period. If the value of the bonus shares is not included in your current calculation
of your maximum offering amount, please revise the amount or price of shares you are seeking
to qualify accordingly. Refer to Note to Paragraph (a) of Rule 251.
Response:
We acknowledge the Staff’s comment. Notwithstanding the Company’s response to the Staff’s comment no. 1 above, we respectfully
advise the Staff that the cover page and pages 3, 35, and 78 of the Offering Circular set forth a detailed breakdown of the shares
sold in this offering, the related pricing history, and the corresponding gross proceeds. As reflected in those disclosures, the Company
has sold shares at $10.00, $11.00, $12.00, and $13.00 per share, together with the corresponding gross proceeds and Bonus Share issuances,
as set forth below:
As
of the date of this offering circular, we have sold approximately 4,131,147 Shares in this offering, at an average price per share equal
to $10.28 (including bonus shares issued), for gross proceeds of $44,514,772 (exclusive of transaction fees), consisting of:
●
1,779,860
shares at $10.00 per share, for gross proceeds of $17,798,600 (exclusive of transaction fees), and issued 199,900 Bonus Shares (the
maximum reserved under our Bonus Share Program) at no consideration, after which we filed an offering circular supplement increasing
the price per share from $10.00 to $11.00;
●
1,566,747
shares at $11.00 per share, for gross proceeds of $17,234,217 (exclusive of transaction fees, after we filed an offering circular
supplement to increase the price per share of the shares for sale in this offering, from $11.00 to $12.00;
●
717,065
shares at $12.00 per share, for gross proceeds of $8,604,780 (exclusive of transaction fees); after which we filed a post qualification
amendment to increase the price per share from $12.00 to $13.00; and
●
67,475
shares at $13.00 per share, for gross proceeds of $877,175 (exclusive of transaction fees).
We
respectfully submit that the foregoing tiered disclosure provides sufficient clarity as to the Company’s calculation of the amount
of securities sold during the relevant 12-month period.
PG. 3
3. We
note that the bottom of your website includes a disclaimer and a hyperlink to “[t]he
most recently qualified offering circular,” and links to your prospectus supplement
dated April 17, 2026. Please revise your website to include the language and hyperlink(s)
required by Rule 251(d) and 255(b) and (d). In this regard, the disclaimer does not include
all of the language required by Rule 255(b)(1)-(3), and the hyperlink does not link to the
most recent version of your Preliminary Offering Circular. As a related matter, we note that
your website contains a hyperlink to begin a process to invest. Please ensure that the landing
page for your “invest” hyperlink includes the appropriate legends and hyperlinks
noted above.
Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that the disclaimers referenced therein have been revised
to add the language and hyperlinks required by Rules 251(d) and 255(b) under Regulation A. The revised disclaimer is set forth below
for the Staff’s convenience:
IMPORTANT
INFORMATION CONCERNING OUR ONGOING REGULATION A OFFERING
Energy
Exploration Technologies, Inc. (“EnergyX,” “we,” “us,” or “our”) is conducting an offering
of securities pursuant to Regulation A under an offering statement that has been qualified by the U.S. Securities and Exchange Commission
(the “SEC”) (the “Currently Qualified Offering Statement”). Offers and sales under the Currently Qualified Offering
Statement are being made solely by means of EnergyX’s most recent qualified offering circular, together with any supplements thereto
(collectively, the “Currently Qualified Offering Circular”). Prospective investors should read the Currently Qualified Offering
Circular carefully before investing. The Currently Qualified Offering Circular is available here: [CURRENT QUALIFIED OFFERING CIRCULAR
LINK].
EnergyX
has filed Post-Qualification Amendment No. 3 to the offering statement (“PQA No. 3”) with the SEC. PQA No. 3 has not been
qualified by the SEC, and EnergyX is not seeking to qualify additional shares in PQA No. 3. The most recent preliminary offering circular
filed as part of PQA No. 3 (the “Preliminary Offering Circular”) is available here: [LINK TO MOST RECENTLY FILED PQA NO.
3]. Information contained in the Preliminary Offering Circular is subject to completion or amendment. The Preliminary Offering Circular
is not the Currently Qualified Offering Circular and may not be used as the basis for any sale of securities unless and until the offering
statement, as amended by PQA No. 3, is qualified by the SEC.
While
PQA No. 3 is pending, and only for so long as sales continue to be permitted under the Currently Qualified Offering Statement, EnergyX
may continue to offer and sell securities under the Currently Qualified Offering Circular until the earlier of (i) the qualification
of the offering statement, as amended by PQA No. 3, and (ii) July 1, 2026. All such offers and sales must be made solely pursuant to
the Currently Qualified Offering Circular and otherwise in compliance with applicable law.
WITH
RESPECT TO PQA NO. 3, THE PRELIMINARY OFFERING CIRCULAR, AND ANY RESERVATION, WAITLIST SUBMISSION, INVESTMENT AMOUNT INDICATION, OR OTHER
INDICATION OF INTEREST RELATING TO THE OFFERING AS IT WOULD BE AMENDED BY PQA NO. 3 FOLLOWING JULY 1, 2026, UNLESS EARLIER QUALIFIED:
NO
MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE
ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT, AS AMENDED BY PQA NO. 3, IS QUALIFIED BY THE
SEC, AND ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ITS ACCEPTANCE
IS GIVEN AFTER THE QUALIFICATION DATE. A PERSON’S INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. THE
PRELIMINARY OFFERING CIRCULAR FILED AS PART OF PQA NO. 3 IS SUBJECT TO COMPLETION OR AMENDMENT. SECURITIES MAY NOT BE SOLD, NOR MAY OFFERS
TO BUY SECURITIES BE ACCEPTED, PURSUANT TO PQA NO. 3 BEFORE THE OFFERING STATEMENT, AS AMENDED BY PQA NO. 3, IS QUALIFIED BY THE SEC.
THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR MAY THERE BE ANY
SALES OF THESE SECURITIES, IN ANY STATE OR JURISDICTION IN WHICH SUCH OFFER, SOLICITATION, OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION,
QUALIFICATION, OR COMPLIANCE UNDER THE SECURITIES LAWS OF THAT STATE OR JURISDICTION.*
PG. 4
If
the offering statement, as amended by PQA No. 3, has not been qualified by the SEC on or before July 1, 2026, EnergyX will not, after
July 1, 2026, accept any subscription, investment commitment, purchase price, or other consideration, and will not sell any securities
in the offering, unless and until the offering statement, as amended by PQA No. 3, is qualified by the SEC.
*
For the avoidance of doubt, the statements above apply only to PQA No. 3, the Preliminary Offering Circular, and any reservation, waitlist
submission, investment amount indication, or other indication of interest relating to the offering as it would be amended by PQA No.
3. Those statements do not limit valid subscriptions that are submitted and accepted through EnergyX’s authorized investment process
on or before July 1, 2026 under the Currently Qualified Offering Circular, provided that those subscriptions are made solely pursuant
to the Currently Qualified Offering Circular and otherwise comply with applicable law.
THE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE
TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE
SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE SEC; HOWEVER, THE SEC HAS NOT MADE AN INDEPENDENT DETERMINATION
THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.
*
* *
If
you would like to discuss any of our responses to the Staff’s comments or any other matters related to the Offering Statement,
please contact Louis A. Bevilacqua at (202) 869-0888 (ext. 100) or Patrick G. Costello at (202) 869-0888 (ext. 130).
Sincerely,
/s/
Louis A. Bevilacqua
Louis
A. Bevilacqua
Bevilacqua
PLLC
cc:
Teague Egan, Chief Executive Officer