SEC Comment Letter 0000000000-22-012575 to Sustainable Development Acquisition I Corp. (CIK 0001837248)
Sustainable Development Acquisition I Corp. (CIK 0001837248)
Date: Nov. 18, 2022 · CIK: 0001837248 · Accession: 0000000000-22-012575
AI Filing Summary & Sentiment
File numbers found in text: 001-40002
Letter
United States securities and exchange commission logo November 18, 2022 Nicole Neeman Brady Chief Executive Officer Sustainable Development Acquisition I Corp. 5701 Truxtun Avenue, Suite 201 Bakersfield, CA 93309 Re:Sustainable Development Acquisition I Corp. Preliminary Proxy Statement on Schedule 14A Filed November 4, 2022 File No. 001-40002 Dear Nicole Neeman Brady: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response and any amendment you may file in response to this comment, we may have additional comments. Preliminary Proxy Statement on Schedule 14A filed November 4, 2022 General 1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity
FirstName LastNameNicole Neeman Brady Comapany NameSustainable Development Acquisition I Corp. November 18, 2022 Page 2 FirstName LastName Nicole Neeman Brady Sustainable Development Acquisition I Corp. November 18, 2022 Page 2 in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless. 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 Ronald (Ron) Alper at 202-551-3329 or James Lopez at 202-551-3536 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Adam J. Brenneman
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United States securities and exchange commission logo
November 18, 2022
Nicole Neeman Brady
Chief Executive Officer
Sustainable Development Acquisition I Corp.
5701 Truxtun Avenue, Suite 201
Bakersfield, CA 93309
Re:Sustainable Development Acquisition I Corp.
Preliminary Proxy Statement on Schedule 14A
Filed November 4, 2022
File No. 001-40002
Dear Nicole Neeman Brady:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response and any amendment you may file in response to
this comment, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A filed November 4, 2022
General
1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or
has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that
addresses how this fact could impact your ability to complete your initial business
combination. For instance, discuss the risk to investors that you may not be able to
complete an initial business combination with a U.S. target company should the
transaction be subject to review by a U.S. government entity, such as the Committee on
Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that
as a result, the pool of potential targets with which you could complete an initial business
combination may be limited. Further, disclose that the time necessary for government
review of the transaction or a decision to prohibit the transaction could prevent you from
completing an initial business combination and require you to liquidate. Disclose the
consequences of liquidation to investors, such as the losses of the investment opportunity
FirstName LastNameNicole Neeman Brady
Comapany NameSustainable Development Acquisition I Corp.
November 18, 2022 Page 2
FirstName LastName
Nicole Neeman Brady
Sustainable Development Acquisition I Corp.
November 18, 2022
Page 2
in a target company, any price appreciation in the combined company, and the warrants,
which would expire worthless.
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 Ronald (Ron) Alper at 202-551-3329 or James Lopez at 202-551-3536
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Adam J. Brenneman