Correspondence 0001213900-25-006062 from Huachen AI Parking Management Technology Holding Co., Ltd (HCAI)
Huachen AI Parking Management Technology Holding Co., Ltd
Date: Jan. 23, 2025 · CIK: 0001958399 · Accession: 0001213900-25-006062
AI Filing Summary & Sentiment
File numbers found in text: 333-281543
Referenced dates: January 23, 2025
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CORRESP
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filename1.htm
January 23, 2025
Via EDGAR
Division of Corporation Finance
Office of Manufacturing
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, D.C., 20549
Attention:
Bradley Ecker
Jennifer Angelini
SiSi Cheng
Andrew Blume
Re:
Huachen AI Parking Management Technology Holding Co., Ltd
Amendment No.2 to Registration Statement on Form F-1
Filed on December 31, 2024
File No. 333-281543
Ladies and Gentlemen:
This letter is being submitted in response to
the letter dated January 23, 2025 from the U.S. Securities and Exchange Commission (the “Commission”) in which the
staff of the Commission (the “Staff”) commented on the above-referenced Amendment No.2 to Registration Statement on
Form F-1 submitted on December 31, 2024. Concurrently with the submission of this letter, we hereby transmit, via EDGAR, an amended Registration
Statement on Form F-1 (“F-1/A”) for filing with the Commission, which has been revised to reflect the Staff’s
comments as well as certain other updates to the F-1/A.
For the Staff’s convenience, the Staff’s
comment has been stated below in its entirety, with the Company’s response set out immediately underneath such comment. Page references
below in the Company’s responses are to the page numbers in F-1/A. Capitalized terms used but not otherwise defined herein have
the meanings set forth in the F-1/A.
Amendment No. 2 to Form F-1 filed December
31, 2024
Executive Compensation, page 114
1.
Please update your executive compensation for the year ended December 31, 2024.
Response: In response to the
Staff’s comment, we have updated the executive compensation for the year ended December 31, 2024.
Index to Consolidated Financial Statements,
page F-1
2.
Pursuant to Item 8.A.4 of Form 20-F, please provide audited financial statements that are no more than twelve months old. Alternatively, to the extent you meet the 15-month criteria outlined in Instruction 2. to Item 8.A.4, file the necessary representations as an exhibit to the registration statement.
Response: In response to the
Staff’s comment, we have filed the Item 8.A.4 financial waiver as exhibit 99.10 in the F-1/A.
Notes to Unaudited Condensed Consolidated Financial
Statements
Note 18 - Subsequent Events, page F-25
3.
Please revise the date through which subsequent events have been evaluated and specify that it represents the date the financial statements were available to be issued. See ASC 855-10-25-1A and 855-10-50-1.
Response: In response to the
Staff’s comment, we have revised the date through which subsequent events have been evaluated and specify that it represents the
date the financial statements were available to be issued.
General
4.
We note that you are issuing warrants to the underwriters. Please include disclosure regarding these warrants on the prospectus cover, for instance within the notes to the offering table.
Response: In response to the
Staff’s comment, we have included the disclosure regarding the underwriter’s warrants on the cover page of the F1/A.
We hope this response has addressed all the Staff’s
concerns relating to the comment letter. Should you have additional questions regarding the information contained herein, please contact
our securities counsel William S. Rosenstadt, Esq., Mengyi “Jason” Ye, Esq. or Yuning “Grace” Bai, Esq. of Ortoli
Rosenstadt LLP at wsr@orllp.legal, jye@orllp.legal or gbai@orllp.legal.
Very truly yours,
/s/ Bin Lu
Bin Lu