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SEC Comment Letter 0000000000-24-008970 to ACME ATRONOMATIC INC (CIK 0001985076)

ACME ATRONOMATIC INC (CIK 0001985076)
Date: Aug. 6, 2024 · CIK: 0001985076 · Accession: 0000000000-24-008970

AI Filing Summary & Sentiment

File numbers found in text: 024-12445

Date
August 6, 2024
Author
Office of Technology
Form
UPLOAD
Company
ACME ATRONOMATIC INC (CIK 0001985076)

Letter

August 6, 2024 Andrew Green Chief Executive Officer Acme Atronomatic Inc. 111 W Jefferson Street Suite 200 Orlando, Florida 32801 Re:Acme Atronomatic Inc. Amendment No. 1 to Offering Statement on Form 1-A Filed July 15, 2024 File No. 024-12445 Dear Andrew Green: We have reviewed your amended offering statement 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. Unless we note otherwise, any references to prior comments are to comments in our July 5, 2024 letter. Amendment No. 1 to Offering Statement on Form 1-A Subscription, page 2 1.Please clarify the time it will take you to accept or reject subscriptions. We note your disclosures that subscription acceptance or rejection will be done in 3 business days assuming additional information is not required, but please clarify how much time is expected to be needed for due diligence and payment processes. 2.Please clarify the following: •how funds are returned to investors if a subscription is rejected; •whether the company could terminate the offering without a closing; •how the "company's segregated account of the applicable Series Interest" functions as it relates to this offering; and •whether the time for closing is 7 business days or 7 calendar days.

August 6, 2024 Page 2 Commissions, Discounts, Expenses and Fees, page 16 3.Please revise your disclosure in the Plan of Distribution and Use of Proceeds sections to include the processing fee equal to 3% of the investment amount at the time of the investors’ subscription, up to $700 per investor. Bonus Shares and Perks, page 17 4.We note your disclosures regarding the Bonus Shares and Perks, including that eligible investors can receive a maximum potential of 37% Bonus Shares and that “Investor[s] receiving the Bonus Shares will effectively receive a discount to our share price.” Please explain how the Bonus Shares will comply with Rule 251(d)(3)(ii) of Regulation A. 5.Please explain why the value of the perks associated with satellites and satellite launches is not determinable, or provide the value of such perks. In addition, please explain the impact of such perks on your use of proceeds and available liquidity. Please see Rule 251(a)(1) of Regulation A. 6.Please amend your disclosure to provide any material terms associated with the volume- based perks, including whether the perks have any rights of transferability or may be sold. Additionally, provide a detailed discussion on the impact of material events on the valuation of the perks. For example, explain the valuation of such perks directly related to the satellite launches in the event there is no satellite launch. Securities Being Offered, page 33 7.Revise to clarify, if true, that there is no allocation of bonus shares to specific categories such as the testing the waters bonus or volume-based bonuses, for example. Please contact Marion Graham at 202-551-6521 or Matthew Derby at 202-551-3334 with any other questions. Sincerely, Division of Corporation Finance Office of Technology

Show Raw Text
August 6, 2024
Andrew Green
Chief Executive Officer
Acme Atronomatic Inc.
111 W Jefferson Street
Suite 200
Orlando, Florida 32801
Re:Acme Atronomatic Inc.
Amendment No. 1 to Offering Statement on Form 1-A
Filed July 15, 2024
File No. 024-12445
Dear Andrew Green:
            We have reviewed your amended offering statement 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. Unless we note otherwise,
any references to prior comments are to comments in our July 5, 2024 letter.
Amendment No. 1 to Offering Statement on Form 1-A
Subscription, page 2
1.Please clarify the time it will take you to accept or reject subscriptions. We note your
disclosures that subscription acceptance or rejection will be done in 3 business days
assuming additional information is not required, but please clarify how much time is
expected to be needed for due diligence and payment processes.
2.Please clarify the following:
•how funds are returned to investors if a subscription is rejected;
•whether the company could terminate the offering without a closing;
•how the "company's segregated account of the applicable Series Interest" functions as
it relates to this offering; and
•whether the time for closing is 7 business days or 7 calendar days.

August 6, 2024
Page 2
Commissions, Discounts, Expenses and Fees, page 16
3.Please revise your disclosure in the Plan of Distribution and Use of Proceeds sections to
include the processing fee equal to 3% of the investment amount at the time of the
investors’ subscription, up to $700 per investor.
Bonus Shares and Perks, page 17
4.We note your disclosures regarding the Bonus Shares and Perks, including that eligible
investors can receive a maximum potential of 37% Bonus Shares and that “Investor[s]
receiving the Bonus Shares will effectively receive a discount to our share price.” Please
explain how the Bonus Shares will comply with Rule 251(d)(3)(ii) of Regulation A.
5.Please explain why the value of the perks associated with satellites and satellite launches
is not determinable, or provide the value of such perks.  In addition, please explain the
impact of such perks on your use of proceeds and available liquidity.  Please see Rule
251(a)(1) of Regulation A.
6.Please amend your disclosure to provide any material terms associated with the volume-
based perks, including whether the perks have any rights of transferability or may be sold.
Additionally, provide a detailed discussion on the impact of material events on the
valuation of the perks. For example, explain the valuation of such perks directly related to
the satellite launches in the event there is no satellite launch.
Securities Being Offered, page 33
7.Revise to clarify, if true, that there is no allocation of bonus shares to specific categories
such as the testing the waters bonus or volume-based bonuses, for example.
            Please contact Marion Graham at 202-551-6521 or Matthew Derby at 202-551-3334 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology