SEC Comment Letter 0000000000-23-013098 to Londax Corp. (CIK 0001985554) (LDXC)
Londax Corp. (CIK 0001985554)
Date: Nov. 30, 2023 · CIK: 0001985554 · Accession: 0000000000-23-013098
AI Filing Summary & Sentiment
File numbers found in text: 333-274140
Letter
United States securities and exchange commission logo November 30, 2023 Olegs Pavlovs Chief Executive Officer Londax Corp. Puces iela 47, Riga Latvia LV-1082 Re:Londax Corp. Amendment No. 3 to Registration Statement on Form S-1 Filed November 15, 2023 File No. 333-274140 Dear Olegs Pavlovs: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration 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 registration 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 November 8, 2023 letter. Amendment No. 3 to Registration Statement on Form S-1 Note 6 - Commitments and Contingencies, page F-8 1.In response to prior comment 2, you have changed your position and now state that you intend to account and reflect the expense paid by Mr. Olegs Pavlovs on behalf of the Company within your financial statements as “Related Party Loan”, rather than as additional paid-in capital. Please confirm that you intend to repay these expenses incurred. Disclose the terms of the obligation. If such amounts are not a loan, note that under SAB Topic 5T, any obligations paid by any related parties on behalf of the registrant must be reflected in the registrant’s financial statements as an operating expense and a corresponding credit to additional-paid-in-capital. 2.Additionally, the response to prior comment 2 explains Mr. Olegs Pavlovs paid $760, $3,500, $4,260 on behalf of the Company as of May 31, 2023, August 20, 2023, and August 31, 2023, respectively, which was reflected in the related party loan section of the
FirstName LastNameOlegs Pavlovs Comapany NameLondax Corp. November 30, 2023 Page 2 FirstName LastName Olegs Pavlovs Londax Corp. November 30, 2023 Page 2 prospectus. However, the Total Operating Expenses on the Statement of Operations report $199 and $7,798 as of May 31, 2023 and August 31, 2023, respectively. Please tell us how you are accounting for the offset to the amounts reported as part of the related party loan. Please contact Amanda Kim at 202-551-3241 or Stephen Krikorian at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Mariam Mansaray at 202-551-6356 or Jeff Kauten at 202-551-3447 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: John L. Thomas
Show Raw Text
United States securities and exchange commission logo
November 30, 2023
Olegs Pavlovs
Chief Executive Officer
Londax Corp.
Puces iela 47, Riga
Latvia LV-1082
Re:Londax Corp.
Amendment No. 3 to Registration Statement on Form S-1
Filed November 15, 2023
File No. 333-274140
Dear Olegs Pavlovs:
We have reviewed your amended registration statement and have the following
comments.
Please respond to this letter by amending your registration 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 registration 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 November 8, 2023 letter.
Amendment No. 3 to Registration Statement on Form S-1
Note 6 - Commitments and Contingencies, page F-8
1.In response to prior comment 2, you have changed your position and now state that you
intend to account and reflect the expense paid by Mr. Olegs Pavlovs on behalf of the
Company within your financial statements as “Related Party Loan”, rather than as
additional paid-in capital. Please confirm that you intend to repay these expenses incurred.
Disclose the terms of the obligation. If such amounts are not a loan, note that under SAB
Topic 5T, any obligations paid by any related parties on behalf of the registrant must be
reflected in the registrant’s financial statements as an operating expense and a
corresponding credit to additional-paid-in-capital.
2.Additionally, the response to prior comment 2 explains Mr. Olegs Pavlovs paid $760,
$3,500, $4,260 on behalf of the Company as of May 31, 2023, August 20, 2023, and
August 31, 2023, respectively, which was reflected in the related party loan section of the
FirstName LastNameOlegs Pavlovs
Comapany NameLondax Corp.
November 30, 2023 Page 2
FirstName LastName
Olegs Pavlovs
Londax Corp.
November 30, 2023
Page 2
prospectus. However, the Total Operating Expenses on the Statement of Operations report
$199 and $7,798 as of May 31, 2023 and August 31, 2023, respectively. Please tell us how
you are accounting for the offset to the amounts reported as part of the related party loan.
Please contact Amanda Kim at 202-551-3241 or Stephen Krikorian at 202-551-3488 if
you have questions regarding comments on the financial statements and related matters. Please
contact Mariam Mansaray at 202-551-6356 or Jeff Kauten at 202-551-3447 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: John L. Thomas