Correspondence 0001683168-23-007345 from NxGen Brands, Inc. (NXGB) (CIK 0001989464)
NxGen Brands, Inc. (NXGB) (CIK 0001989464)
Date: Oct. 23, 2023 · CIK: 0001989464 · Accession: 0001683168-23-007345
AI Filing Summary & Sentiment
File numbers found in text: 024-12325
Referenced dates: October 23, 2023
Letter
Office of Manufacturing Division of Corporation Finance Securities and Exchange Commission Re: NxGen Brands, Inc. Amendment No. 1 to Offering Statement on Form 1-A Filed October 10, File No. 024-12325
Dear Mr. Fullem:
This is in response to the letter of comment of the Staff dated October 23, 2023, relating to the captioned Offering Statement on Form 1-A of NxGen Brands, Inc. (the “Company”). Each of the comments of the of the Staff is addressed below, seriatim:
Amendment No. 1 to Offering Statement on Form 1-A filed October 10, 2023
Use of Proceeds, page 16
1. We note your response to comment 4. Please clearly disclose whether or not any of the proceeds will be used to compensate or otherwise make payments to officers or directors of the company or any of its subsidiaries. Refer to Instruction 2 to Item 6 of Form 1-A.
Please be advised that the subject disclosure has been revised, in response to such comment.
Signatures, page 35
2. We note your response to comment 7 and reissue the comment in full. Please include the signature of your principal accounting officer. Refer to Instructions to Signatures of Form 1-A.
Please be advised the signature of the Company’s principal accounting officer has been included, in response to such comment.
_______________________
We believe that this filing is now in order for qualification.
Please feel free to contact the undersigned at (940) 367-6154, should you have any questions regarding any of the Company's responses.
Thank you for your attention in this matter.
Sincerely,
NEWLAN LAW FIRM, PLLC
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NEWLAN LAW FIRM, PLLC
2201 Long Prairie Road, Suite 107-762
Flower Mound, Texas 75022
October 23, 2023
Patrick Fullem
Office of Manufacturing
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: NxGen Brands, Inc.
Amendment No. 1 to Offering
Statement on Form 1-A
Filed October 10,
2023
File No. 024-12325
Dear Mr. Fullem:
This is in response to the
letter of comment of the Staff dated October 23, 2023, relating to the captioned Offering Statement on Form 1-A of NxGen Brands, Inc.
(the “Company”). Each of the comments of the of the Staff is addressed below, seriatim:
Amendment No. 1 to Offering Statement on
Form 1-A filed October 10, 2023
Use of Proceeds, page 16
1. We note your response to comment 4. Please
clearly disclose whether or not any of the proceeds will be used to compensate or otherwise make payments to officers or directors of
the company or any of its subsidiaries. Refer to Instruction 2 to Item 6 of Form 1-A.
Please be advised that the subject disclosure
has been revised, in response to such comment.
Signatures, page 35
2. We note your response to comment 7 and reissue
the comment in full. Please include the signature of your principal accounting officer. Refer to Instructions to Signatures of Form 1-A.
Please be advised the signature of the Company’s
principal accounting officer has been included, in response to such comment.
_______________________
We believe that this filing
is now in order for qualification.
Please feel free to contact
the undersigned at (940) 367-6154, should you have any questions regarding any of the Company's responses.
Thank you for your attention
in this matter.
Sincerely,
NEWLAN LAW FIRM, PLLC
By: /s/ Eric Newlan
Eric Newlan
Managing Member
cc: NxGen Brands, Inc.