SEC Comment Letter 0000000000-24-000519 to Elate Group, Inc. (CIK 0001885493)
Elate Group, Inc. (CIK 0001885493)
Date: Jan. 16, 2024 · CIK: 0001885493 · Accession: 0000000000-24-000519
AI Filing Summary & Sentiment
File numbers found in text: 333-264073
Letter
United States securities and exchange commission logo January 16, 2024 Kevin Britt Chief Executive Officer Elate Group, Inc. 305 Broadway, Floor 7 New York, NY 10007 Re:Elate Group, Inc. Amendment No. 20 to Registration Statement on Form S-1 Filed January 8, 2024 File No. 333-264073 Dear Kevin Britt: We have reviewed your amended registration statement and have the following comment. 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 January 4, 2024 letter. Amendment No. 20 to Registration Statement on Form S-1 Summary Historical Financial and Other Data, page 16 1.We note in response to prior comment 3 you revised the As Adjusted amounts for cash and cash equivalents and total stockholders' equity in your capitalization table on page 39 and made corresponding revisions on page 16. Please detail how you computed the As Adjusted amounts for total assets and Working Capital deficit on page 16 as we note these amounts did not change in the latest amendment to your registration statement.
FirstName LastNameKevin Britt Comapany NameElate Group, Inc. January 16, 2024 Page 2 FirstName LastName Kevin Britt Elate Group, Inc. January 16, 2024 Page 2 Please contact Jenifer Gallagher at 202-551-3706 or John Cannarella at 202-551-3337 if you have questions regarding comments on the financial statements and related matters. Please contact Cheryl Brown at 202-551-3905 or Lauren Nguyen at 202-551-3642 with any other questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Peter Hogan, Esq.
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United States securities and exchange commission logo
January 16, 2024
Kevin Britt
Chief Executive Officer
Elate Group, Inc.
305 Broadway, Floor 7
New York, NY 10007
Re:Elate Group, Inc.
Amendment No. 20 to Registration Statement on Form S-1
Filed January 8, 2024
File No. 333-264073
Dear Kevin Britt:
We have reviewed your amended registration statement and have the following comment.
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 January 4, 2024 letter.
Amendment No. 20 to Registration Statement on Form S-1
Summary Historical Financial and Other Data, page 16
1.We note in response to prior comment 3 you revised the As Adjusted amounts for cash
and cash equivalents and total stockholders' equity in your capitalization table on page 39
and made corresponding revisions on page 16. Please detail how you computed the As
Adjusted amounts for total assets and Working Capital deficit on page 16 as we note these
amounts did not change in the latest amendment to your registration statement.
FirstName LastNameKevin Britt
Comapany NameElate Group, Inc.
January 16, 2024 Page 2
FirstName LastName
Kevin Britt
Elate Group, Inc.
January 16, 2024
Page 2
Please contact Jenifer Gallagher at 202-551-3706 or John Cannarella at 202-551-3337 if
you have questions regarding comments on the financial statements and related matters. Please
contact Cheryl Brown at 202-551-3905 or Lauren Nguyen at 202-551-3642 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Peter Hogan, Esq.