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UPLOAD Filing

Bain Capital GSS Investment Corp.
Date: July 10, 2025 · CIK: 0002064355 · Accession: 0000000000-25-007290

Related Party / Governance Financial Reporting Regulatory Compliance

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Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

Date
July 10, 2025
Author
Division of
Form
UPLOAD
Company
Bain Capital GSS Investment Corp.

Letter

Re: Bain Capital GSS Investment Corp. Draft Registration Statement on Form S-1 Submitted June 13, 2025 CIK No. 0002064355 Dear Angelo Rufino:

July 10, 2025

Angelo Rufino Chairman and Chief Executive Officer Bain Capital GSS Investment Corp. 200 Clarendon Street Boston, MA 02116

We have reviewed your draft registration statement and have the following comments.

Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. 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 the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments.

Draft Registration Statement on Form S-1 submitted June 13, 2025 Summary Our Sponsor, page 2

1. We note your disclosure that your sponsor is an affiliate of BCSS, which is an affiliate of Bain Capital, and that you discuss the investment strategies of each. Please revise disclosure here and on page 120 to identify the controlling persons of your sponsor and disclose the persons who have direct and indirect material interests in your sponsor and the nature and amount of their interests. Please also clarify what material roles and responsibilities BCSS and Bain have in directing and managing your activities, and address their experience in organizing special purpose acquisition companies and the extent to which they are involved in other special purpose acquisition companies. See Items 1603(a)(3), (4), and (7) of Regulation S-K. July 10, 2025 Page 2

Compensation of Sponsor, Sponsor's Affiliates and Directors and Officers, page

2. Please revise your tabular disclosure to include the repayment of up to $300,000 in loans made to you by your sponsor, the consideration given for the private placement units, and the founder shares transferred to each of your two independent director nominees prior to this offering. Please also disclose that additional shares may be issued for no additional consideration to the sponsor, affiliates or promoters in the event of an increase in the size of the offering and upon conversion at the time of an initial business combination, in each case in order to maintain a founder share interest of 20%. Make similar disclosure on the cover page, and to the extent you have not already done so, disclose whether and the extent to which such securities issuances may result in a material dilution of the purchasers' equity interests. See Items 1602(a)(3) and 1602(b)(6) of Regulation S-K. The Offering Founder shares, page 26

3. Please revise, here or elsewhere in the Summary or The Offering sections as appropriate, to disclose, if true, that as long as the sponsor holds founder shares or private placement units, it will be entitled to nominate three individuals for appointment to your board of directors upon and following consummation of an initial business combination, as you discuss on page 162 and elsewhere. Founder shares conversion and anti-dilution rights, page 30

4. Please revise, here and elsewhere as appropriate, to clarify whether any redemptions of Class A ordinary shares prior to or in connection with an initial business combination will be subtracted in the calculation of the anti-dilution adjustment. Please contact Frank Knapp at 202-551-3805 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. Please contact Benjamin Holt at 202-551-6614 or Pamela Long at 202-551-3765 with any other questions.

Sincerely,
Division of
Corporation Finance
Office of Real
Estate & Construction
cc: Derek Dostal

Show Raw Text
<DOCUMENT>
<TYPE>TEXT-EXTRACT
<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
 July 10, 2025

Angelo Rufino
Chairman and Chief Executive Officer
Bain Capital GSS Investment Corp.
200 Clarendon Street
Boston, MA 02116

 Re: Bain Capital GSS Investment Corp.
 Draft Registration Statement on Form S-1
 Submitted June 13, 2025
 CIK No. 0002064355
Dear Angelo Rufino:

 We have reviewed your draft registration statement and have the
following comments.

 Please respond to this letter by providing the requested information and
either
submitting an amended draft registration statement or publicly filing your
registration
statement on EDGAR. 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 the information you provide in response to this letter
and your
amended draft registration statement or filed registration statement, we may
have additional
comments.

Draft Registration Statement on Form S-1 submitted June 13, 2025
Summary
Our Sponsor, page 2

1. We note your disclosure that your sponsor is an affiliate of BCSS, which
is an affiliate
 of Bain Capital, and that you discuss the investment strategies of each.
Please revise
 disclosure here and on page 120 to identify the controlling persons of
your sponsor
 and disclose the persons who have direct and indirect material interests
in your
 sponsor and the nature and amount of their interests. Please also
clarify what material
 roles and responsibilities BCSS and Bain have in directing and managing
your
 activities, and address their experience in organizing special purpose
acquisition
 companies and the extent to which they are involved in other special
purpose
 acquisition companies. See Items 1603(a)(3), (4), and (7) of Regulation
S-K.
 July 10, 2025
Page 2

Compensation of Sponsor, Sponsor's Affiliates and Directors and Officers, page
15

2. Please revise your tabular disclosure to include the repayment of up to
$300,000 in
 loans made to you by your sponsor, the consideration given for the
private placement
 units, and the founder shares transferred to each of your two
independent director
 nominees prior to this offering. Please also disclose that additional
shares may be
 issued for no additional consideration to the sponsor, affiliates or
promoters in the
 event of an increase in the size of the offering and upon conversion at
the time of an
 initial business combination, in each case in order to maintain a
founder share interest
 of 20%. Make similar disclosure on the cover page, and to the extent you
have not
 already done so, disclose whether and the extent to which such
securities issuances
 may result in a material dilution of the purchasers' equity interests.
See Items
 1602(a)(3) and 1602(b)(6) of Regulation S-K.
The Offering
Founder shares, page 26

3. Please revise, here or elsewhere in the Summary or The Offering sections
as
 appropriate, to disclose, if true, that as long as the sponsor holds
founder shares or
 private placement units, it will be entitled to nominate three
individuals for
 appointment to your board of directors upon and following consummation
of an initial
 business combination, as you discuss on page 162 and elsewhere.
Founder shares conversion and anti-dilution rights, page 30

4. Please revise, here and elsewhere as appropriate, to clarify whether any
redemptions
 of Class A ordinary shares prior to or in connection with an initial
business
 combination will be subtracted in the calculation of the anti-dilution
adjustment.
 Please contact Frank Knapp at 202-551-3805 or Jennifer Monick at
202-551-3295 if
you have questions regarding comments on the financial statements and related
matters.
Please contact Benjamin Holt at 202-551-6614 or Pamela Long at 202-551-3765
with any
other questions.

 Sincerely,

 Division of
Corporation Finance
 Office of Real
Estate & Construction
cc: Derek Dostal
</TEXT>
</DOCUMENT>