SEC Comment Letter 0000000000-23-007383 to Global Interactive Technologies, Inc. (GITS)
Global Interactive Technologies, Inc.
Date: July 11, 2023 · CIK: 0001911545 · Accession: 0000000000-23-007383
AI Filing Summary & Sentiment
File numbers found in text: 333-269419
Letter
United States securities and exchange commission logo July 11, 2023 Chang-Hyuk Kang Chief Executive Officer Hanryu Holdings, Inc. 160, Yeouiseo-ro Yeongdeungpo-gu, Seoul Republic of Korea 07231 Re:Hanryu Holdings, Inc. Amendment No. 12 to Registration Statement on Form S-1 Filed July 10, 2023 File No. 333-269419 Dear Chang-Hyuk Kang: 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. Amendment No. 9 to Registration Statement on Form S-1 Capitalization, page 53 1.Please revise the table at the bottom of page 53 with regard to the net proceeds assuming the underwriters over-allotment to ensure such table foots properly. In this regard, it appears that the total should be $7,982,128. Dilution, page 55 2.Please provide the calculations that support your disclosure of pro forma net tangible book value after the offering of $3.1 million and net tangible book value assuming underwriter's over-allotment of $8.0 million, or revise your disclosures as necessary.
FirstName LastNameChang-Hyuk Kang Comapany NameHanryu Holdings, Inc. July 11, 2023 Page 2 FirstName LastName Chang-Hyuk Kang Hanryu Holdings, Inc. July 11, 2023 Page 2 You may contact Melissa Kindelan, Senior Staff Accountant, at (202) 551-3564 or Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have questions regarding comments on the financial statements and related matters. Please contact Edwin Kim, Staff Attorney, at (202) 551-3297 or Larry Spirgel, Office Chief, at (202) 551-3815 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Matthew Ogurick, Esq.
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United States securities and exchange commission logo
July 11, 2023
Chang-Hyuk Kang
Chief Executive Officer
Hanryu Holdings, Inc.
160, Yeouiseo-ro
Yeongdeungpo-gu, Seoul
Republic of Korea 07231
Re:Hanryu Holdings, Inc.
Amendment No. 12 to Registration Statement on Form S-1
Filed July 10, 2023
File No. 333-269419
Dear Chang-Hyuk Kang:
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.
Amendment No. 9 to Registration Statement on Form S-1
Capitalization, page 53
1.Please revise the table at the bottom of page 53 with regard to the net proceeds assuming
the underwriters over-allotment to ensure such table foots properly. In this regard, it
appears that the total should be $7,982,128.
Dilution, page 55
2.Please provide the calculations that support your disclosure of pro forma net tangible book
value after the offering of $3.1 million and net tangible book value assuming underwriter's
over-allotment of $8.0 million, or revise your disclosures as necessary.
FirstName LastNameChang-Hyuk Kang
Comapany NameHanryu Holdings, Inc.
July 11, 2023 Page 2
FirstName LastName
Chang-Hyuk Kang
Hanryu Holdings, Inc.
July 11, 2023
Page 2
You may contact Melissa Kindelan, Senior Staff Accountant, at (202) 551-3564 or
Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have questions regarding
comments on the financial statements and related matters. Please contact Edwin Kim, Staff
Attorney, at (202) 551-3297 or Larry Spirgel, Office Chief, at (202) 551-3815 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Matthew Ogurick, Esq.