VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Attention: Mr. Joseph McCann, Mr. Daniel Morris and Ms. Amanda Ravitz
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Re:
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BioLife Solutions, Inc.
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1.
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Your revised disclosure states that each unit will now consist of a share of common stock and one-half of one common stock warrant. Please tell us the impact to shareholders of owning one-half of one common stock warrant. Discuss significant restrictions or limitations imposed on holders owning less than a “whole” warrant.
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2.
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Based on your revised disclosure in response to prior comment 6, it appears that you do not have a specific plan for the offering proceeds. As such, please refer to the second sentence of Regulation S-K, Item 504 and state that you do not have a specific plan. Please also disclose the estimated amount of your net proceeds assuming the sale of 25%, 50%, 75% and 100% of the securities offered.
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3.
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Please refer to Instruction 2 to Regulation S-K, Item 404(d) and explain to us why you have revised the prospectus to remove the disclosure that you previously included under the heading “Legal Fees.”
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4.
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We refer to the third sentence of prior comment 10. The Note Conversion Agreements indicate that each noteholder’s conversion obligation is conditioned upon your consummation of a “Qualified Financing.” The term “Qualified Financing,” however, does not appear to be defined in the Note Conversion Agreements. Accordingly, please tell us how the term is defined so that we may assess your response.
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5.
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Please ensure that your Principal Accounting Officer signs the registration statement.
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Very truly yours, | |||
BIOLIFE SOLUTIONS, INC.
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By:
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/s/ Daphne Taylor | ||
Name: | Daphne Taylor | ||
Title: | Chief Financial Officer | ||
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