SEC Comment Letter 0000000000-23-010405 to Adlai Nortye Ltd. (ANL)
Adlai Nortye Ltd.
Date: Sept. 20, 2023 · CIK: 0001944552 · Accession: 0000000000-23-010405
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-273465
Letter
United States securities and exchange commission logo September 20, 2023 Vicky Zhang Chief Financial Officer Adlai Nortye Ltd. c/o PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands Re:Adlai Nortye Ltd. Amendment No. 3 to Registration Statement on Form F-1 Filed September 12, 2023 File No. 333-273465 Dear Vicky Zhang: We have reviewed your amended registration statement and have the following comment. In our comment, 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 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 comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 16, 2023 letter. Amendment No. 3 to Registration Statement on Form F-1 June 30, 2023 Financial Statements 15. Financial Liabilities at FVTPL, page F-84 1.It appears that the dates by which a Qualified IPO must occur as defined on page F-85 have now passed. Please clarify or confirm and revise your document to address as/if applicable. If so, also revise to disclose: i) whether the holders of your various series of preferred shares intend to either convert into ordinary shares or require the Company to redeem such preferred shares, if known; and ii) the expected financial statement implications of such potential conversion and/or redemption subsequent to June 30, 2023.
FirstName LastNameVicky Zhang Comapany NameAdlai Nortye Ltd. September 20, 2023 Page 2 FirstName LastName Vicky Zhang Adlai Nortye Ltd. September 20, 2023 Page 2 You may contact Jenn Do at 202-551-3743 or Angela Connell at 202-551-3426 if you have questions regarding comments on the financial statements and related matters. Please contact Jimmy McNamara at 202-551-7349 or Laura Crotty at 202-551-7614 with any other questions. Sincerely, Division of Corporation Finance Office of Life Sciences cc: Ke Geng
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United States securities and exchange commission logo
September 20, 2023
Vicky Zhang
Chief Financial Officer
Adlai Nortye Ltd.
c/o PO Box 309, Ugland House
Grand Cayman, KY1-1104
Cayman Islands
Re:Adlai Nortye Ltd.
Amendment No. 3 to Registration Statement on Form F-1
Filed September 12, 2023
File No. 333-273465
Dear Vicky Zhang:
We have reviewed your amended registration statement and have the following
comment. In our comment, 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 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 comment, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our August 16, 2023 letter.
Amendment No. 3 to Registration Statement on Form F-1
June 30, 2023 Financial Statements
15. Financial Liabilities at FVTPL, page F-84
1.It appears that the dates by which a Qualified IPO must occur as defined on page F-85
have now passed. Please clarify or confirm and revise your document to address as/if
applicable. If so, also revise to disclose: i) whether the holders of your various series of
preferred shares intend to either convert into ordinary shares or require the Company to
redeem such preferred shares, if known; and ii) the expected financial statement
implications of such potential conversion and/or redemption subsequent to June 30, 2023.
FirstName LastNameVicky Zhang
Comapany NameAdlai Nortye Ltd.
September 20, 2023 Page 2
FirstName LastName
Vicky Zhang
Adlai Nortye Ltd.
September 20, 2023
Page 2
You may contact Jenn Do at 202-551-3743 or Angela Connell at 202-551-3426 if you
have questions regarding comments on the financial statements and related matters. Please
contact Jimmy McNamara at 202-551-7349 or Laura Crotty at 202-551-7614 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Ke Geng