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SEC Comment Letter 0000000000-24-014221 to Worthy Property Bonds 2, Inc. (CIK 0001971864)

Worthy Property Bonds 2, Inc. (CIK 0001971864)
Date: Dec. 23, 2024 · CIK: 0001971864 · Accession: 0000000000-24-014221

AI Filing Summary & Sentiment

File numbers found in text: 024-12206

Date
December 23, 2024
Author
Not clearly detected
Form
UPLOAD
Company
Worthy Property Bonds 2, Inc. (CIK 0001971864)

Letter

December 23, 2024 Dara Albright President and Chief Executive Officer Worthy Property Bonds 2, Inc. 11175 Cicero Dr., Suite 100 Alpharetta, GA 30022 Re:Worthy Property Bonds 2, Inc. Offering Statement on Form 1-A Post-qualification Amendment No. 5 Filed December 10, 2024 File No. 024-12206 Dear Dara Albright: We have reviewed your amendment and have the following comments. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe a 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 offering statement and the information you provide in response to this letter, we may have additional comments. Amended Offering Statement on Form 1-A Worthy Property Bond 2 Referral Program, page 55 1.Please reconcile the terms of the program as set forth in your offering statement with the disclosure on your website which provides in the Worthy Referral Program Fine Print that Both Referrer and Referee must own at least one purchased bond to receive a free bond. Worthy Property Bonds 2 Rewards Program, page 57 We note your revisions in response to prior comment 5 and your disclosure that the investor offers... are listed in detail on a link on the Company’s website. Please further revise to include all details of investor offers in your offering statement, including the terms of your agreements with marketing partners and a clear description of the consideration to be provided by investors. Please reconcile your disclosure in the offering statement that such prospective new investors do not have to purchase a Worthy Property 2 Bond to receive a Reward Bond with the information on your 2.

December 23, 2024 Page 2 website which continues to state that when a new user referred by an existing user (or marketing partner link) opens a Worthy account for the first time and completes their first bond purchase a free, $10 bond will be awarded to the new customer's account. Also, if it is your intent in this offering, please explain how offering securities with future marketing partners or at future tradeshows, industry and promotional events, educational workshops, and webinars is consistent with Rule 251(d)(3)(1)(f) which requires that the offering of securities will be commenced within two calendar days after the qualification date. We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Ruairi Regan at 202-551-3269 or Jeffrey Gabor at 202-551-2544 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc:Frank Borger Gilligan, Esq.

Show Raw Text
December 23, 2024
Dara Albright
President and Chief Executive Officer
Worthy Property Bonds 2, Inc.
11175 Cicero Dr., Suite 100
Alpharetta, GA 30022
Re:Worthy Property Bonds 2, Inc.
Offering Statement on Form 1-A
Post-qualification Amendment No. 5
Filed December 10, 2024
File No. 024-12206
Dear Dara Albright:
            We have reviewed your amendment and have the following comments.
            Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a 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 offering statement and the information you
provide in response to this letter, we may have additional comments.
Amended Offering Statement on Form 1-A
Worthy Property Bond 2 Referral Program, page 55
1.Please reconcile the terms of the program as set forth in your offering statement with
the disclosure on your website which provides in the Worthy Referral Program Fine
Print that Both Referrer and Referee must own at least one purchased bond to receive
a free bond.
Worthy Property Bonds 2 Rewards Program, page 57
We note your revisions in response to prior comment 5 and your disclosure that the
investor offers... are listed in detail on a link on the Company’s website. Please further
revise to include all details of investor offers in your offering statement, including the
terms of your agreements with marketing partners and a clear description of the
consideration to be provided by investors. Please reconcile your disclosure in the
offering statement that such prospective new investors do not have to purchase a
Worthy Property 2 Bond to receive a Reward Bond with the information on your 2.

December 23, 2024
Page 2
website which continues to state that when a new user referred by an existing user (or
marketing partner link) opens a Worthy account for the first time and completes their
first bond purchase a free, $10 bond will be awarded to the new customer's account.
Also, if it is your intent in this offering, please explain how offering securities with
future marketing partners or at future tradeshows, industry and promotional events,
educational workshops, and webinars is consistent with Rule 251(d)(3)(1)(f) which
requires that the offering of securities will be commenced within two calendar days
after the qualification date.
            We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
            Please contact Ruairi Regan at 202-551-3269 or Jeffrey Gabor at 202-551-2544 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:Frank Borger Gilligan, Esq.