Correspondence 0001213900-23-029296 from Global Interactive Technologies, Inc. (GITS)
Global Interactive Technologies, Inc.
Date: April 13, 2023 · CIK: 0001911545 · Accession: 0001213900-23-029296
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-269419
Referenced dates: April 12, 2023
Letter
VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Technology Attention: Melissa Kindelan, Senior Staff Accountant Re: Hanryu Holdings, Inc. Amendment No. 7 to Registration Statement on Form S-1 Filed April 11, 2023 File No. 333-269419
Dear Mr. Kim:
Hanryu Holdings, Inc. (the “Company”) confirms receipt of the letter dated April 12, 2023, from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the above-referenced filing. We are responding to the Staff’s comments as set forth below. The Staff’s comments are set forth below, followed by the Company’s response in bold:
Amendment No. 8 to Registration Statement on Form S-1 (the “Registration Statement”)
Capitalization, page 53
1. Please provide us with your calculation to support the pro forma as adjusted total stockholder's equity. In this regard, we note that you expect to receive net proceeds of approximately $32.0 million, after deducting underwriting discounts and commissions of $2.9 million (or $3.3 million if the underwriter exercises its option to purchase additional shares in full). You also expect to pay estimated expense of $1.5 million related to this offering. Tell us how the costs of the offering are reflected in pro forma stockholder's equity or revise as necessary.
RESPONSE: In response to the Staff’s comment, the Company has updated the capitalization information on page 53 of the Registration Statement to include additional calculations supporting the pro forma as adjusted total stockholder’s equity.
We trust that this response satisfactorily responds to your request. Should you require further information, please contact our legal counsel Matthew Ogurick at (212) 536-4085.
Very truly yours,
/s/ Chang-Hyuk Kang
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Hanryu Holdings, Inc.
160, Yeouiseo-ro
Yeongdeungpo-gu, Seoul
Republic of Korea 07231
April 13, 2023
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Technology
100 F. Street, N.W.
Mail Stop 6010/3561
Washington, DC 20549
Attention:
Melissa Kindelan, Senior Staff Accountant
Kathleen Collins, Accounting Branch Chief
Larry Spirgel, Office Chief
Edwin Kim, Staff Attorney
Re:
Hanryu Holdings, Inc.
Amendment No. 7 to Registration Statement on Form S-1
Filed April 11, 2023
File No. 333-269419
Dear Mr. Kim:
Hanryu Holdings, Inc. (the “Company”)
confirms receipt of the letter dated April 12, 2023, from the staff (the “Staff”) of the Securities and Exchange Commission
(the “Commission”) with respect to the above-referenced filing. We are responding to the Staff’s comments as
set forth below. The Staff’s comments are set forth below, followed by the Company’s response in bold:
Amendment No. 8 to Registration Statement on Form S-1 (the “Registration
Statement”)
Capitalization, page 53
1. Please provide us with your calculation to support the pro forma as adjusted
total stockholder's equity. In this regard, we note that you expect to receive net proceeds of approximately $32.0 million, after deducting
underwriting discounts and commissions of $2.9 million (or $3.3 million if the underwriter exercises its option to purchase additional
shares in full). You also expect to pay estimated expense of $1.5 million related to this offering. Tell us how the costs of the offering
are reflected in pro forma stockholder's equity or revise as necessary.
RESPONSE: In response to the
Staff’s comment, the Company has updated the capitalization information on page 53 of the Registration Statement to include additional
calculations supporting the pro forma as adjusted total stockholder’s equity.
We trust that this response satisfactorily responds
to your request. Should you require further information, please contact our legal counsel Matthew Ogurick at (212) 536-4085.
Very truly yours,
/s/ Chang-Hyuk Kang
Chang-Hyuk Kang,
Chief Executive Officer
cc: Matthew Ogurick, Esq. of K&L Gates LLP