0000000000-23-012718.txt : 20240221 0000000000-23-012718.hdr.sgml : 20240221 20231120163608 ACCESSION NUMBER: 0000000000-23-012718 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231120 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: MoneyHero Ltd CENTRAL INDEX KEY: 0001974044 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 333-275205 BUSINESS ADDRESS: STREET 1: 70 SHENTON WAY, #18-15 CITY: SINGAPORE STATE: U0 ZIP: 079118 BUSINESS PHONE: 65-6322-4392 MAIL ADDRESS: STREET 1: 70 SHENTON WAY, #18-15 CITY: SINGAPORE STATE: U0 ZIP: 079118 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-23-265170 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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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. Registration Statement on Form F-1 Cover Page 1. Disclose the exercise prices of the warrants compared to the market price of the underlying securities. Given the warrants appear to be out the money, disclose the likelihood that warrant holders will not exercise their warrants. Provide similar disclosure in the risk factors section, and in each place disclose that cash proceeds associated with the exercises of the warrants are dependent on the stock price. As applicable, describe the impact on your liquidity and update the discussion on the ability of your company to fund your operations on a prospective basis with your current cash on hand. 2. Highlight the significant negative impact sales of shares on this registration statement could have on the public trading price of the PubCo Class A Ordinary Shares. Prashant Aggarwal FirstName MoneyHeroLastNamePrashant Aggarwal Limited Comapany 20, November NameMoneyHero 2023 Limited November Page 2 20, 2023 Page 2 FirstName LastName 3. In the third paragraph on your prospectus cover, revise to highlight any differences in the current trading price, the prices that the selling securityholders acquired their shares and warrants, and the price that the public securityholders acquired their shares and warrants. Please also disclose the potential profit the selling securityholders will earn based on the current trading price. Prospectus Summary Overview, page 1 4. Please expand your discussion in this section to reflect the fact that this offering involves the potential sale of a substantial portion of shares for resale and discuss how such sales could impact the market price of the company s common stock. Your discussion should highlight the fact that beneficial owners of over 80% of your outstanding shares will be able to sell all of their shares for so long as the registration statement of which this prospectus forms a part is available for use. Risk Factors The securities being offered in this prospectus represent a substantial percentage of PubCo s outstanding shares..., page 57 5. We note your risk factor highlighting the negative pressure potential sales of shares pursuant to this registration statement could have on the public trading price of the Class A Ordinary Shares. To illustrate this risk, please expand your risk factor to disclose the percentage that the shares being registered for resale currently represent of the total number of shares outstanding. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Alyssa Wall at 202-551-8106 or Taylor Beech at 202-551-4515 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Steve Lin