SEC Comment Letter 0000000000-23-014086 to Mag Mile Capital, Inc. (MMCP) (CIK 0001879293) (MMCP)
Mag Mile Capital, Inc. (MMCP) (CIK 0001879293)
Date: Dec. 26, 2023 · CIK: 0001879293 · Accession: 0000000000-23-014086
AI Filing Summary & Sentiment
File numbers found in text: 333-274354
Letter
United States securities and exchange commission logo December 26, 2023 Rushi Shah Chief Executive Officer Mag Mile Capital, Inc. 1141 W. Randolph St. Suite 200 Chicago, IL 60607 Re:Mag Mile Capital, Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed December 13, 2023 File No. 333-274354 Dear Rushi Shah: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies 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 registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our October 4, 2023 letter. Form S-1/A filed December 13, 2023 Prospectus Summary, page 4 1.We note your response to our prior comment 3 including your statement that you "service a number of significant customers that own hotels and that have a license to be branded by one of these companies." Please qualify this statement by providing a detailed discussion of your material customer relationships for the periods presented. Your revised disclosure should include whether you generate material revenue concentration from these customers and whether you have any material agreements with them.
FirstName LastNameRushi Shah Comapany NameMag Mile Capital, Inc. December 26, 2023 Page 2 FirstName LastName Rushi Shah Mag Mile Capital, Inc. December 26, 2023 Page 2 Financial Statements General, page F-1 2.Please provide unaudited interim financial statements for the nine-month periods ended September 30, 2023 and 2022 that reflect the reverse merger consummated on March 20, 2023 in an amended filing. 3.Refer to the Index to Consolidated Financial Statements on page F-10. Please delete the reference to "audited" for the Balance Sheets as of July 31, 2022. Please contact Claire DeLabar at 202-551-3349 or Robert Littlepage at 202-551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Austin Pattan at 202-551-6756 or Jan Woo at 202-551-3453 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Ernie Stern
Show Raw Text
United States securities and exchange commission logo
December 26, 2023
Rushi Shah
Chief Executive Officer
Mag Mile Capital, Inc.
1141 W. Randolph St.
Suite 200
Chicago, IL 60607
Re:Mag Mile Capital, Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed December 13, 2023
File No. 333-274354
Dear Rushi Shah:
We have reviewed your amended registration statement and have the following
comment(s).
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies 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 registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our October 4, 2023 letter.
Form S-1/A filed December 13, 2023
Prospectus Summary, page 4
1.We note your response to our prior comment 3 including your statement that you
"service a number of significant customers that own hotels and that have a license to be
branded by one of these companies." Please qualify this statement by providing a detailed
discussion of your material customer relationships for the periods presented. Your revised
disclosure should include whether you generate material revenue concentration from these
customers and whether you have any material agreements with them.
FirstName LastNameRushi Shah
Comapany NameMag Mile Capital, Inc.
December 26, 2023 Page 2
FirstName LastName
Rushi Shah
Mag Mile Capital, Inc.
December 26, 2023
Page 2
Financial Statements
General, page F-1
2.Please provide unaudited interim financial statements for the nine-month periods ended
September 30, 2023 and 2022 that reflect the reverse merger consummated on March 20,
2023 in an amended filing.
3.Refer to the Index to Consolidated Financial Statements on page F-10. Please delete the
reference to "audited" for the Balance Sheets as of July 31, 2022.
Please contact Claire DeLabar at 202-551-3349 or Robert Littlepage at 202-551-3361 if
you have questions regarding comments on the financial statements and related matters. Please
contact Austin Pattan at 202-551-6756 or Jan Woo at 202-551-3453 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Ernie Stern