TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo February 2, 2021 Steve Manko Chief Financial Officer CMI Acquisition, LLC 2401 East 86th Street Bloomington, Minnesota 55425 Re: CMI Acquisition, LLC Amendment No. 2 to Draft Registration Statement on Form S-1 Filed January 20, 2021 CIK No. 1819974 Dear Mr. Manko: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. 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 our comments apply 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 these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Draft Registration Statement on Form S-1 Filed January 20, 2021 General , page 1 1. Please note the updating requirements of Rule 8-8 of Regulation S-X, as applicable. Unaudited Pro Forma Consolidated Financial Information Notes to the Unaudited Pro Forma Financial Information Pro Forma Statements of Operations, page 52 2. With regard to note 17, please revise your footnote to explain how you calculated your interest expense adjustments for the periods presented. Please also disclose the interest rates used to calculate your adjustments. Steve Manko CMI Acquisition, LLC February 2, 2021 Page 2 Executive and Director Compensation, page 95 3. Please update your executive compensation disclosure to include information as of the most recently completed fiscal year. Note 4 Revenue, page F-39 4. You disclosed that on March 6, 2020, you executed a contract that includes the sale of equipment and the right to use a portion of your existing facility to produce wafers using the customer's equipment. You indicated that you will recognize the revenue allocated to the equipment at the point in time in which control passes to the customer. Given that you will purchase and install the customer's equipment at your facility, please tell us how you will determine when control of the equipment passes to the customer pursuant to ASC 606-10-25-30. Please also tell us what consideration you gave to the guidance in ASC 606-10-55-81 through 55-84 regarding the sale and installation of the customer's equipment at your facility. You may contact Ernest Greene, Staff Accountant at (202) 551-3733 or John Cash, Accounting Branch Chief at (202) 551-3768 if you have questions regarding comments on the financial statements and related matters. Please contact Sherry Haywood, Staff Attorney at (202) 551-3345 or Jay Ingram, Legal Branch Chief at (202) 551-3397 with any other questions. FirstName LastNameSteve Manko Sincerely, Comapany NameCMI Acquisition, LLC Division of Corporation Finance February 2, 2021 Page 2 Office of Manufacturing FirstName LastName