SEC Comment Letter 0000000000-24-012913 to CALLAN JMB INC. (CJMB)
CALLAN JMB INC.
Date: Nov. 21, 2024 · CIK: 0002032545 · Accession: 0000000000-24-012913
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-282879
Letter
November 21, 2024 Wayne Williams Chief Executive Officer Callan JMB Inc. 244 Flightline Drive Spring Branch, Texas 78070-6241 Re:Callan JMB Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed November 18, 2024 File No. 333-282879 Dear Wayne Williams: We have reviewed your amended registration statement and have the following comment(s). 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. Amendment No. 1 to Registration Statement on Form S-1 Risk Factors We are subject to concentration risk, page 13 1.We note the overall continued decline in your revenue since 2022. We further note your new disclosure on page 36 that "in 2023, a customer that represented approximately $4,000,000 of our 2023 revenue chose not to use our services." In light of these developments, please update this risk factor to reflect your changed circumstances and the increased risk to your business. In doing so, please address the continued downward trend in your revenue, your loss of a $4 million customer and, if accurate, your even greater financial dependence on City of Chicago customers.
November 21, 2024 Page 2 Please contact Rucha Pandit at 202-551-6022 or Dietrich King at 202-551-8071 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc:Barry Biggar
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November 21, 2024
Wayne Williams
Chief Executive Officer
Callan JMB Inc.
244 Flightline Drive
Spring Branch, Texas 78070-6241
Re:Callan JMB Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed November 18, 2024
File No. 333-282879
Dear Wayne Williams:
We have reviewed your amended registration statement and have the following
comment(s).
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.
Amendment No. 1 to Registration Statement on Form S-1
Risk Factors
We are subject to concentration risk, page 13
1.We note the overall continued decline in your revenue since 2022. We further note
your new disclosure on page 36 that "in 2023, a customer that represented
approximately $4,000,000 of our 2023 revenue chose not to use our services." In light
of these developments, please update this risk factor to reflect your changed
circumstances and the increased risk to your business. In doing so, please address the
continued downward trend in your revenue, your loss of a $4 million customer and, if
accurate, your even greater financial dependence on City of Chicago customers.
November 21, 2024
Page 2
Please contact Rucha Pandit at 202-551-6022 or Dietrich King at 202-551-8071 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc:Barry Biggar