SEC Comment Letter 0000000000-23-000287 to Crane Co (CR) (CIK 0001944013) (CR)
Crane Co (CR) (CIK 0001944013)
Date: Jan. 11, 2023 · CIK: 0001944013 · Accession: 0000000000-23-000287
AI Filing Summary & Sentiment
File numbers found in text: 001-41570
Referenced dates: December 23, 2022
Letter
United States securities and exchange commission logo January 11, 2023 Max H. Mitchell President and Chief Executive Officer Crane Company 100 First Stamford Place Stamford, CT 06902 Re:Crane Company Form 10-12B Filed December 15, 2022 File No. 001-41570 Dear Max H. Mitchell: We have reviewed your letter of correspondence dated December 23, 2022 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 these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response and any amendment you may file in response to these comments, we may have additional comments. Correspondence letter dated December 23, 2022 to Form 10-12B filed December 15, 2022 Unaudited Pro Forma Condensed Combined Financial Statements, page 63 1.We have reviewed your response to prior comment one. Please provide the following: •Please expand your disclosure in the third to last paragraph on page 64 to further clarify that certain pro forma adjustments have been made to reflect the estimated expenses of certain agreements and are included within the columns of both Separation of Payment & Merchandising Technologies and Other Transaction Accounting Adjustments, if true; and •Further expand your disclosure to state that additional pro forma adjustments may be necessary once your agreements are finalized and executed. Please disclose if you anticipate that these adjustments will be material prior to the closing of the spin-off and consider including an estimated dollar range, if possible. We remind you that the company and its management are responsible for the accuracy
FirstName LastNameMax H. Mitchell Comapany NameCrane Company January 11, 2023 Page 2 FirstName LastName Max H. Mitchell Crane Company January 11, 2023 Page 2 and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Beverly Singleton at 202-551-3328 or Ernest Greene at 202-551-3733 if you have questions regarding comments on the financial statements and related matters. Please contact Jennifer Angelini at 202-551-3047 or Jay Ingram at 202-551-3397 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: Ann Beth Stebbins
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United States securities and exchange commission logo
January 11, 2023
Max H. Mitchell
President and Chief Executive Officer
Crane Company
100 First Stamford Place
Stamford, CT 06902
Re:Crane Company
Form 10-12B
Filed December 15, 2022
File No. 001-41570
Dear Max H. Mitchell:
We have reviewed your letter of correspondence dated December 23, 2022 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 these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response and any amendment you may file in response to these
comments, we may have additional comments.
Correspondence letter dated December 23, 2022 to Form 10-12B filed December 15, 2022
Unaudited Pro Forma Condensed Combined Financial Statements, page 63
1.We have reviewed your response to prior comment one. Please provide the following:
•Please expand your disclosure in the third to last paragraph on page 64 to further
clarify that certain pro forma adjustments have been made to reflect the estimated
expenses of certain agreements and are included within the columns of both
Separation of Payment & Merchandising Technologies and Other Transaction
Accounting Adjustments, if true; and
•Further expand your disclosure to state that additional pro forma adjustments may be
necessary once your agreements are finalized and executed. Please disclose if you
anticipate that these adjustments will be material prior to the closing of the spin-off
and consider including an estimated dollar range, if possible.
We remind you that the company and its management are responsible for the accuracy
FirstName LastNameMax H. Mitchell
Comapany NameCrane Company
January 11, 2023 Page 2
FirstName LastName
Max H. Mitchell
Crane Company
January 11, 2023
Page 2
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Beverly Singleton at 202-551-3328 or Ernest Greene at 202-551-3733 if
you have questions regarding comments on the financial statements and related matters. Please
contact Jennifer Angelini at 202-551-3047 or Jay Ingram at 202-551-3397 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing
cc: Ann Beth Stebbins