Findit, Inc. Responds to Form S1 Comment Letter from S.E.C.
Findit, Inc. (FDIT) has filed its response to the SEC's comment letter regarding its Form S1, initially submitted on March 11, 2021. The response, prepared by Thomas Cook and Associates, was accepted by the SEC on April 27, 2021. The S1 indicates a share price of $0.30, higher than its current market value, for an offering of 10 million shares, potentially raising $3 million. Funds will support the development and marketing of Findit.com and its app. Financial audits for 2018, 2019, and 2020 have been completed by BF Borgers CPA, highlighting the company’s fiscal readiness.
- Response to the SEC comment letter accepted, indicating regulatory compliance.
- Completion of audited financials from 2018 to 2020 enhances credibility.
- Potential capital raise of $3 million through the S1 offering could support business growth.
- Current stock price is below the proposed offering price, which may affect investor interest.
ATLANTA, GA / ACCESSWIRE / April 28, 2021 / Findit, Inc., a Nevada Corporation (OTC PINK:FDIT), owner of Findit.com and the Findit App available on Android and IOS devices, has filed its response to the FORM S1 S.E.C. comment letter through Edgar. Findit, Inc. filed its Form S1 on March 11, 2021. The comment letter received by the S.E.C. is a normal part of the filing process.
Findit, Inc. retained the Auditing Firm BF Borgers CPA PC Certified, Public Accountants. The company completed three years of audited financials that include 2018, 2019, and 2020. The Form S1 includes year ending December 31, 2019 and December 31, 2020 audited financials.
The Law Firm of Thomas Cook and Associates prepared the FORM S1 filing and assisted in the response letter to the S.E.C. that has been submitted through EDGAR on April 27, 2021.
THE FOLLOWING SUBMISSION HAS BEEN ACCEPTED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION.
COMPANY: FINDIT, INC.
FORM TYPE: S-1/A NUMBER OF DOCUMENTS: 3
RECEIVED DATE: 27-Apr-2021 18:19 ACCEPTED DATE: 27-Apr-2021 18:19
FILING DATE: 28-Apr-2021 06:00
FILE NUMBER(S):
1. 333-254128
Raymond Firth stated, "We are pleased that we were able to respond to the S.E.C. comment letter regarding the company's Form S1 in a timely manner and we look forward to completing this process."
The S1 is priced at thirty cents per share which is currently higher than the current stock price. The number of shares in the offering is a total of ten million shares which would amount to three million dollars if the raise is
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About The Law Offices of Thomas C. Cook
The Law Offices of Thomas C. Cook was formed in Las Vegas, Nevada, in 1997, with a principal focus of representing public companies before the United States Securities and Exchange Commission, FINRA, OTC Markets, LLC, and the various state securities authorities. Thomas C. Cook, Esq., the firm's principal attorney, has over two decades of experience in corporate and securities law, including but not limited to corporate formation and governance, securities registrations and compliance, mergers and acquisitions, and the issuance of securities-related opinions. Mr. Cook received his bachelor of arts from Occidental College in 1990 and his Juris Doctor from Whittier Law School in 1993.
About BF Borgers CPA, PC
At BF Borgers CPA, PC, we have built our practice by providing exceptional service to our clients through our commitment to our firm culture and values based on the three underlying principles Professionalism, Responsiveness, Quality.
About Findit, Inc.
Findit, Inc., owns Findit.com which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing, and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account. Findit, Inc. is focused on the development of monetized Internet-based web products that can provide an increased brand awareness of our members. Findit Inc. trades under the stock symbol FDIT on the OTC Pinksheets.
Safe Harbor:
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Findit Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
CONTACT:
Clark St. Amant
404-443-3224
SOURCE: Findit, Inc.
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https://www.accesswire.com/642754/Findit-Inc-Responds-to-Form-S1-Comment-Letter-from-SEC
FAQ
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