Collective Audience, Inc. has addressed comments from the Securities and Exchange Commission (SEC) regarding its Registration Statement on Form S-1, initially filed on January 16, 2024. The company, represented by Procopio, Cory, Hargreaves & Savitch LLP, submitted a letter on February 20, 2024, along with Amendment No. 1 to the Registration Statement. The SEC's comments focused on the need for additional disclosures about the pricing of securities for resale, the exercise price of warrants, the impact of significant redemptions of common stock on public float, and noncompliance with Nasdaq Listing Rules. Collective Audience has updated its disclosures to include the requested information, such as the negative impact of share sales on market price, the disparity between the exercise price of warrants and the market price...Show More

Collective Audience, Inc. has addressed comments from the Securities and Exchange Commission (SEC) regarding its Registration Statement on Form S-1, initially filed on January 16, 2024. The company, represented by Procopio, Cory, Hargreaves & Savitch LLP, submitted a letter on February 20, 2024, along with Amendment No. 1 to the Registration Statement. The SEC's comments focused on the need for additional disclosures about the pricing of securities for resale, the exercise price of warrants, the impact of significant redemptions of common stock on public float, and noncompliance with Nasdaq Listing Rules. Collective Audience has updated its disclosures to include the requested information, such as the negative impact of share sales on market price, the disparity between the exercise price of warrants and the market price, and the company's liquidity and capital resources. The company also addressed the SEC's concerns about its financial projections, acknowledging that it will likely miss its 2023 revenue projection and discussing the need for additional capital. The responses to the SEC's comments were comprehensive, covering aspects from the prospectus summary to risk factors and management's discussion and analysis.