Correspondence 0001193125-23-232456 from MoneyHero Ltd (MNY, MNYWW) (CIK 0001974044) (MNY)
MoneyHero Ltd (MNY, MNYWW) (CIK 0001974044)
Date: Sept. 11, 2023 · CIK: 0001974044 · Accession: 0001193125-23-232456
AI Filing Summary & Sentiment
Referenced dates: August 21, 2023
Letter
Division of Corporation Finance Office of Trade & Services Securities and Exchange Commission Kate Beukenkamp Lilyanna Peyser Re: MoneyHero Limited (CIK 0001974044) Responses to the Staff’s Comments on the Amendment No. 2 to Draft Registration Statement on Form F-4 Confidentially Submitted August 14, 2023
Dear Ladies and Gentlemen:
On behalf of our client, MoneyHero Limited (the “Company”), we hereby submit to the staff (the “Staff”) of the Securities and Exchange Commission this letter setting forth the Company’s responses to the comments contained in the Staff’s letter dated August 21, 2023 on the Company’s draft registration statement on Form F-4 confidentially submitted on August 14, 2023. Concurrently with the submission of this letter, the Company has filed a registration statement on Form F-4 through EDGAR. For ease of your review, we have set forth below each of the numbered comments and the Company’s proposed responses thereto. Certain terms are used herein as defined in the Registration Statement.
Amendment No. 2 to Draft Registration Statement on Form F-4 submitted August 14, 2023
Material Tax Considerations, page 250
1. We note your response to comment 3, including the filing of Exhibit 8.1, and reissue. Please provide a revised tax opinion of Skadden, Arps, Slate, Meagher & Flom LLP which covers the material federal tax consequences of the transaction to the holders of Bridgetown’s securities and revise your disclosure accordingly to tailor it to address the material federal tax consequences of the transaction to those public investors. We note
PARTNERS: Pierre-Luc Arsenault3 | Joseph R. Casey9 | Manas Chandrashekar5 | Lai Yi Chau | Michelle Cheh6 | Yik Chin Choi | Maurice Conway5 | Justin M. Dolling5 | David Patrick Eich1,4,5 | Yuan Yue Jennifer Feng5 | Liu Gan2 | Paul Guan3 | Brian Y.T. Ho | Karen K.Y. Ho | Ka Chun Hui | Damian C. Jacobs5 | Guang Li3 | Wei Yang Lim5 | Mengyu Lu3 | Neil E.M. McDonald | Kelly Naphtali | Amy Y.M. Ngan7 | Nicholas A. Norris5 | Paul S. Quinn | Louis A. Rabinowitz3 | Fergus A. Saurin5 | Jesse D. Sheley# | Yusang Shen | Peng Yu3 | Jacqueline B.N. Zheng3,5 | Yu Zheng3
REGISTERED FOREIGN LAWYERS: Gautam Agarwal5 | Ju Huang3 | Ding Jin3 | Ming Kong3 | Cori A. Lable2 | Nicholas Tianchia Liew5 | Min Lu3 | Bo Peng8 | Shinong Wang3 | Jodi K. Wu9 | David Zhang3 | Xiang Zhou3 | Ling Zhu3
ADMITTED IN: 1 State of Illinois (U.S.A.); 2 Commonwealth of Massachusetts (U.S.A.); 3 State of New York (U.S.A.); 4 State of Wisconsin (U.S.A.); 5 England and Wales; 6 Victoria (Australia); 7 New South Wales (Australia); 8 State of Georgia (U.S.A.); 9 State of California (U.S.A.); # non-resident
Austin Bay Area Beijing Boston Brussels Chicago Dallas Houston London Los Angeles Miami Munich New York Paris Salt Lake City Shanghai Washington, D.C.
Division of Corporation Finance
Office of Trade & Services
September 11, 2023
Page
the filing of Exhibit 8.1; however, the tax opinion appears to be focused on the initial merger qualifying as an F Reorganization within the meaning of Section 368(a)(1)(F) of the Internal Revenue Code of 1986. In light of the requirements of Item 601(b)(8) of Regulation S-K, please revise to discuss the tax consequences to investors and representations related to those tax consequences. Please revise this section and the tax opinion accordingly.
In response to the Staff’s comment, and pursuant to our discussion with the Staff on August 22, 2023, we have revised the Exhibit 8.1 opinion to address the material federal tax consequences of the transaction to the holders of Bridgetown securities.
* * *
We would welcome the opportunity to discuss the responses with you. If you have any questions or comments, please contact Steve Lin at steve.lin@kirkland.com, +86 10 5737 9315 (work) or + 86 186 1049 5593 (cell).
Thank you for your time and attention.
Sincerely,
/s/ Steve Lin
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CORRESP
26th Floor, Gloucester Tower
The Landmark
15 Queen’s Road
Central
Hong Kong
Telephone: +852 3761 3300
Facsimile: +852 3761 3301
www.kirkland.com
Steve Lin
To Call Writer Directly
+86
1057379315
steve.lin@kirkland.com
September 11, 2023
CONFIDENTIAL
Division of Corporation Finance
Office of Trade & Services
Securities and Exchange
Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn:
Amy Geddes
Lyn Shenk
Kate Beukenkamp
Lilyanna Peyser
Re:
MoneyHero Limited (CIK 0001974044)
Responses to the Staff’s Comments on the Amendment No. 2 to Draft Registration Statement on Form F-4 Confidentially Submitted August 14, 2023
Dear Ladies and Gentlemen:
On behalf of our client, MoneyHero Limited (the “Company”), we hereby submit to the staff (the
“Staff”) of the Securities and Exchange Commission this letter setting forth the Company’s responses to the comments contained in the Staff’s letter dated August 21, 2023 on the Company’s draft
registration statement on Form F-4 confidentially submitted on August 14, 2023. Concurrently with the submission of this letter, the Company has filed a registration statement on Form F-4 through EDGAR. For ease of your review, we have set forth below each of the numbered comments and the Company’s proposed responses thereto. Certain terms are used herein as defined in the Registration
Statement.
Amendment No. 2 to Draft Registration Statement on Form F-4 submitted August 14, 2023
Material Tax Considerations, page 250
1.
We note your response to comment 3, including the filing of Exhibit 8.1, and reissue. Please provide a
revised tax opinion of Skadden, Arps, Slate, Meagher & Flom LLP which covers the material federal tax consequences of the transaction to the holders of Bridgetown’s securities and revise your disclosure accordingly to tailor it to
address the material federal tax consequences of the transaction to those public investors. We note
PARTNERS: Pierre-Luc Arsenault3 | Joseph R. Casey9 | Manas Chandrashekar5 | Lai Yi Chau | Michelle Cheh6 | Yik Chin Choi | Maurice Conway5 | Justin M. Dolling5 | David Patrick Eich1,4,5 | Yuan Yue Jennifer Feng5 | Liu Gan2 | Paul Guan3 | Brian Y.T. Ho | Karen K.Y. Ho | Ka Chun Hui | Damian C. Jacobs5 | Guang Li3 | Wei Yang Lim5 | Mengyu Lu3
| Neil E.M. McDonald | Kelly Naphtali | Amy Y.M. Ngan7 | Nicholas A. Norris5 | Paul S. Quinn | Louis A. Rabinowitz3 | Fergus A. Saurin5 | Jesse D. Sheley# | Yusang Shen | Peng Yu3 | Jacqueline B.N. Zheng3,5 | Yu Zheng3
REGISTERED FOREIGN LAWYERS: Gautam Agarwal5 | Ju Huang3 | Ding Jin3 | Ming Kong3 | Cori A.
Lable2 | Nicholas Tianchia Liew5 | Min Lu3 | Bo Peng8 | Shinong Wang3 | Jodi K. Wu9 | David
Zhang3 | Xiang Zhou3 | Ling Zhu3
ADMITTED IN: 1 State of Illinois (U.S.A.); 2 Commonwealth of Massachusetts (U.S.A.); 3 State of New York (U.S.A.); 4 State of Wisconsin
(U.S.A.); 5 England and Wales; 6 Victoria (Australia); 7 New South Wales (Australia); 8 State of Georgia (U.S.A.); 9 State of California (U.S.A.); # non-resident
Austin Bay Area Beijing Boston Brussels
Chicago Dallas Houston London Los Angeles Miami Munich
New York Paris Salt Lake City Shanghai Washington, D.C.
Division of Corporation Finance
Office of Trade & Services
September 11, 2023
Page
2
the filing of Exhibit 8.1; however, the tax opinion appears to be focused on the initial merger qualifying as an F Reorganization within the meaning of Section 368(a)(1)(F) of the Internal Revenue Code
of 1986. In light of the requirements of Item 601(b)(8) of Regulation S-K, please revise to discuss the tax consequences to investors and representations related to those tax consequences. Please revise this
section and the tax opinion accordingly.
In response to the Staff’s comment, and pursuant to our
discussion with the Staff on August 22, 2023, we have revised the Exhibit 8.1 opinion to address the material federal tax consequences of the transaction to the holders of Bridgetown securities.
* *
*
We would welcome the opportunity to discuss the responses with you. If you have
any questions or comments, please contact Steve Lin at steve.lin@kirkland.com, +86 10 5737 9315 (work) or + 86 186 1049 5593 (cell).
Thank you for your time and attention.
Sincerely,
/s/ Steve Lin
Steve Lin
cc:
Prashant Aggarwal, Chief Executive Officer and Director, MoneyHero Limited
Shaun Kraft, Chief Financial Officer and Chief Operating Officer, MoneyHero Limited
Kenneth Chan, Director, MoneyHero Limited
Derek Fong, Director, MoneyHero Limited
Joey Chau, Partner, Kirkland & Ellis
Jesse Sheley, Partner, Kirkland & Ellis
Joseph Raymond Casey, Partner, Kirkland & Ellis
Jonathan B. Stone, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
Rajeev P. Duggal, Partner, Skadden, Arps, Slate, Meagher & Flom LLP
Ee Sin Tan, Partner, Ernst & Young