0000000000-21-012394.txt : 20211215 0000000000-21-012394.hdr.sgml : 20211215 20211013163004 ACCESSION NUMBER: 0000000000-21-012394 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20211013 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: SURGALIGN HOLDINGS, INC. CENTRAL INDEX KEY: 0001760173 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 832540607 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 520 LAKE COOK ROAD, SUITE 315 CITY: DEERFIELD STATE: IL ZIP: 60015 BUSINESS PHONE: 3864188888 MAIL ADDRESS: STREET 1: 520 LAKE COOK ROAD, SUITE 315 CITY: DEERFIELD STATE: IL ZIP: 60015 FORMER COMPANY: FORMER CONFORMED NAME: RTI Surgical Holdings, Inc. DATE OF NAME CHANGE: 20190308 FORMER COMPANY: FORMER CONFORMED NAME: Bears Holding Sub, Inc. 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Singer Chief Financial and Operating Officer Surgalign Holdings, Inc. 520 Lake Cook Road , Suite 315 Deerfield, Illinois 60015 Re: Surgalign Holdings, Inc. Form 10-K for the Fiscal Year Ended December 31, 2020 Response Dated September 24, 2021 File No. 001-38832 Dear Mr. Singer: We have reviewed your September 24, 2021 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 3, 2021 letter. Form 10-K for the Fiscal Year Ended December 31, 2020 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Non-GAAP Financial Measures, page 41 1. We note from your response to prior comment 2 that management separately analyzes the realizability of deferred tax assets on a non-GAAP basis and has determined that no valuation allowance is needed to reflect the Company s non-GAAP deferred tax assets. Please address the following: Provide us with your analysis of the realizability on your deferred tax assets on a non- GAAP basis. Jonathon M. Singer Surgalign Holdings, Inc. October 13, 2021 Page 2 Explain the differences between your non-GAAP analysis and the analysis management performs under GAAP. Explain why you believe this does not constitute an individually tailored recognition and measurement method under Non-GAAP Financial Measures C&DI 100.04. Please contact Eric Atallah at (202) 551-3663 or Mary Mast, Senior Accountant, at (202) 551-3613 with any questions. FirstName LastNameJonathon M. Singer Sincerely, Comapany NameSurgalign Holdings, Inc. Division of Corporation Finance October 13, 2021 Page 2 Office of Life Sciences FirstName LastName