July 15, 2021
VIA EDGAR
United States Securities and Exchange Commission |
Division of Corporate Finance
Office of Real Estate & Construction
100 F Street, NE
Washington, D.C. 20549
Attn: | Jan Woo |
Folake Ayoola
Re: | DA32 Life Science Tech Acquisition Corp. |
Registration Statement on Form S-1
Filed July 2, 2021
File No. 333-257679
Ladies and Gentlemen:
On behalf of our client, DA32 Life Science Tech Acquisition Corp. (the Company), we are writing to submit the Companys responses to the comments of the staff of the Division of Corporation Finance of the United States Securities and Exchange Commission (the Staff) with respect to the above-referenced registration statement on Form S-1 filed on July 2, 2021 (the Registration Statement), contained in the Staffs letter dated July 14, 2021 (the Comment Letter).
The comment contained in the Comment Letter is printed below in bold and is followed by the Companys response. All page references in the response set forth below refer to page numbers in the Amendement No. 1 to Registration Statement on Form S-1 as filed on July 15, 2021 (the Amended Registration Statement). Capitalized terms used but not defined herein have the meanings set forth in the Amended Registration Statement.
Registration Statement on Form S-1 filed July 2, 2021
Summary
Founder Shares, page 15
1. | We note your response to prior comment 1 and your disclosure on page 17 that in addition to our initial stockholders founder shares and private placement shares, we would need 7,175,001, or 35.88%, of the 20,000,000 public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination approved (assuming all issued and outstanding shares are voted, the private placement shares to be issued to our sponsor are voted in favor of the transaction and the over-allotment option is not exercised). We further note your disclosure on page 25 that if you seek stockholder approval, you will complete your initial business combination only if a majority of the issued |
United States Securities and Exchange Commission
July 15, 2021
and outstanding shares of common stock voted are voted in favor of the initial business combination... and define a quorum for such meeting as consisting of the holders present in person or by proxy of shares of outstanding capital stock of the Company representing a majority of the voting power of all issued and outstanding shares of capital stock of the Company entitled to vote at such meeting. Given that a business combination requires the approval of a majority of the outstanding shares of common stock voted present and entitled to vote at the meeting, disclose the number of public shares that would be needed to vote in favor of a businesscombination assuming the minimum number of shares representing a quorum are voted. |
Response: The Company has revised the disclosure on page 17, as well as throughout the Amended Registration Statement.
If you have any questions related to this letter, please do not hesitate to contact Joel Rubinstein at (212) 819-7642 or Henrikki Harsu at (212) 819-7628 of White & Case LLP.
Sincerely,
/s/ White & Case LLP
White & Case LLP
cc: Steve Kafka, Chief Executive Officer, DA32 Life Science Tech Acquisition Corp.
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