SEC Comment Letter 0000000000-23-006700 to GEN Restaurant Group, Inc. (GENK)
GEN Restaurant Group, Inc.
Date: June 22, 2023 · CIK: 0001891856 · Accession: 0000000000-23-006700
AI Filing Summary & Sentiment
File numbers found in text: 333-272253
Letter
United States securities and exchange commission logo June 22, 2023 Tom Croal Chief Financial Officer GEN Restaurant Group, Inc. 11472 South Street Cerritos, CA 90703 Re:GEN Restaurant Group, Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed June 14, 2023 File No. 333-272253 Dear Tom Croal: We have reviewed your amended registration statement 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 registration 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 registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our June 7, 2023 letter. Amendment No. 2 to Registration Statement on Form S-1 filed June 14, 2023 Dilution, page 65 1.Please revise your dilution table to begin with historical net tangible book value. Please refer to the guidance in Item 506 of Regulation S-K. In addition, please revise your dilution table to separately present the pro forma net tangible book value and per share amount to show the impact of the corporate reorganization and the offering. Also disclose in the footnote the total number of shares of common stock outstanding used to calculate each pro forma net tangible book value.
FirstName LastNameTom Croal Comapany NameGEN Restaurant Group, Inc. June 22, 2023 Page 2 FirstName LastName Tom Croal GEN Restaurant Group, Inc. June 22, 2023 Page 2 You may contact Tatanisha Meadows at 202-551-3322 or Angela Lumley at 202-551- 3398 if you have questions regarding comments on the financial statements and related matters. Please contact Jennie Beysolow at 202-551-8108 or Erin Jaskot at 202-551-3442 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Peter Wardle, Esq.
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United States securities and exchange commission logo
June 22, 2023
Tom Croal
Chief Financial Officer
GEN Restaurant Group, Inc.
11472 South Street
Cerritos, CA 90703
Re:GEN Restaurant Group, Inc.
Amendment No. 2 to Registration Statement on Form S-1
Filed June 14, 2023
File No. 333-272253
Dear Tom Croal:
We have reviewed your amended registration statement 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 registration 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 registration statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our June 7, 2023 letter.
Amendment No. 2 to Registration Statement on Form S-1 filed June 14, 2023
Dilution, page 65
1.Please revise your dilution table to begin with historical net tangible book value. Please
refer to the guidance in Item 506 of Regulation S-K. In addition, please revise your
dilution table to separately present the pro forma net tangible book value and per share
amount to show the impact of the corporate reorganization and the offering. Also disclose
in the footnote the total number of shares of common stock outstanding used to calculate
each pro forma net tangible book value.
FirstName LastNameTom Croal
Comapany NameGEN Restaurant Group, Inc.
June 22, 2023 Page 2
FirstName LastName
Tom Croal
GEN Restaurant Group, Inc.
June 22, 2023
Page 2
You may contact Tatanisha Meadows at 202-551-3322 or Angela Lumley at 202-551-
3398 if you have questions regarding comments on the financial statements and related matters.
Please contact Jennie Beysolow at 202-551-8108 or Erin Jaskot at 202-551-3442 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Peter Wardle, Esq.