SEC Company Response from WeShop Holdings (WSHP) — Sep 15, 2025
WeShop Holdings Ltd
Date: Sept. 15, 2025 · CIK: 0002048271 · Accession: 0001493152-25-013546
AI Filing Summary & Sentiment
Referenced dates: August 29, 2025
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CORRESP
1
filename1.htm
WeShop
Holdings Limited
Hawk
House
22
The Esplanade
Jersey,
JE1 1HH
Channel
Islands
https:\\we.shop
Paul
Ellerbeck
paul.ellerbeck@we.shop
September
15, 2025
VIA
EDGAR AND OVERNIGHT COURIER
Securities
and Exchange Commission
Division
of Corporation Finance
100
F Street, NE
Washington,
D.C. 20549
Attention:
Adam Phippen
Kate
Beukenkamp
Taylor
Beech
Re:
WeShop
Holdings Limited
Amendment
No. 5 to Draft Registration Statement on Form F-1
Submitted
August 19, 2025
CIK
No. 0002048271
Ladies
and Gentlemen:
This
letter is submitted by WeShop Holdings Limited (“we” or the “Company”) in response
to comments of the staff of the U.S. Securities and Exchange Commission (the “Staff”) with respect to the Company’s
Amendment No. 5 to the Draft Registration Statement on Form F-1 confidentially submitted on August 19, 2025 (the “Amendment
No. 5 to the Draft Registration Statement”), as set forth in the Staff’s letter dated August 29, 2025 (the “Comment
Letter”).
Set
forth below are the Company’s responses to the Staff’s comments in the Comment Letter. For reference purposes, the text of
the Staff’s comments is reproduced in bold below, followed by the Company’s response to the comment. The numbered paragraphs
below correspond to the numbered comments in the Comment Letter.
Additionally,
the Company is concurrently filing a registration statement (the “Registration Statement”), which reflects
revisions in response to the Comment Letter and certain other updates. For the convenience of the Staff, we are also sending, by overnight
courier, copies of this letter and copies of the Registration Statement marked to show changes to the Amendment No. 5 to the Draft Registration
Statement.
Amendment
No. 5 on Form F-1
Related
Party Transactions
Consulting
Agreement, page 78
1.
We note your response to prior comment 5. Please further revise your disclosure here and elsewhere as appropriate to make clear whether
this strategic consulting agreement remains in effect, the duration of this agreement, and whether this entity is still controlled by
John Garner, your Head of Visions and Strategy. We note that the company “owes an additional 91,000 shares as outlined in the agreement...”
and that Max Capital is a beneficial owner. Additionally, please consider whether to file this agreement under Item 601(b)(10) of Regulation
S-K.
Company
Response: In response to the Staff’s comment, in the Registration Statement clarified the details of the Max Capital Limited
agreement and John Garner’s control over that entity. The agreement is terminated so we have not filed it.
Description
of Shares and Memorandum and Articles of Association Share Rights, page 80
2.
Please include a comparable description of the Class B ordinary shares as you have provided for the Class A ordinary shares. Clarify,
if true, that the Trust will be the sole holder of Class B ordinary shares.
Company
Response: In response to the Staff’s comment, we have described the Class B ordinary shares and clarified that the Trust will
be the sole holder of these shares.
Should
the Staff have additional questions or comments regarding this submission, please do not hesitate to contact the undersigned at paul.ellerbeck@we.shop
or Christian Nagler of Kirkland & Ellis LLP at +1 (212) 446-4660.
Remainder
of page intentionally blank. Signature page follows.
Sincerely,
WESHOP HOLDINGS LIMITED
/s/
Paul Ellerbeck
Name:
Paul
Ellerbeck
Title:
Chief
Executive Officer
Enclosure
cc:
Christian O. Nagler, P.C.
Kirkland
& Ellis LLP
John
Garner
WeShop
Holdings Limited