Summary by Futu AI
On February 13, 2024, ESGL Holdings Limited received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 4 to their Registration Statement on Form F-1, initially filed on February 2, 2024. The SEC's review highlighted issues with overly broad assumptions in Exhibit 5.1 of the legality opinion, specifically renumbered assumptions 5 through 7. The SEC has requested that ESGL Holdings either revise the opinion to exclude these assumptions or provide a detailed explanation as to why they are appropriate and why the company's counsel could not obtain representations from officers, directors, or employees on these matters. The SEC's request for a response indicates that further amendments may be necessary and additional comments could follow upon review of the company's amendments.