0000000000-24-011241.txt : 20241106 0000000000-24-011241.hdr.sgml : 20241106 20241004153609 ACCESSION NUMBER: 0000000000-24-011241 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241004 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: KinderCare Learning Companies, Inc. CENTRAL INDEX KEY: 0001873529 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CHILD DAY CARE SERVICES [8351] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 377-07356 BUSINESS ADDRESS: STREET 1: 5005 MEADOWS ROAD CITY: LAKE OSWEGO STATE: OR ZIP: 97035 BUSINESS PHONE: (503) 872-1300 MAIL ADDRESS: STREET 1: 5005 MEADOWS ROAD CITY: LAKE OSWEGO STATE: OR ZIP: 97035 FORMER COMPANY: FORMER CONFORMED NAME: KC Holdco, LLC DATE OF NAME CHANGE: 20210719 PUBLIC REFERENCE ACCESSION NUMBER: 0000950123-24-006833 LETTER 1 filename1.pdf begin 644 filename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end TEXT-EXTRACT 2 filename2.txt October 4, 2024 Paul Thompson Chief Executive Officer KinderCare Learning Companies, Inc. 5005 Meadows Road Lake Oswego, OR 97035 Re: KinderCare Learning Companies, Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed September 30, 2024 File No. 333-281971 Dear Paul Thompson: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our August 22, 2024 letter. Amendment No. 1 to Registration Statement on Form S-1 Summary Consolidated Financial and Operating Data Pro Forma Presentation, page 18 1. Please tell us how the pro forma earnings per share amounts were calculated. Please include your computation in your response. Dilution, page 57 2. On page 58 you disclose that each $1 increase (decrease) in the assumed initial offering price would increase (decrease) average price per share paid by all stockholders by $11.55 per share. You also disclose that an increase (decrease) of 1 million shares offered would increase (decrease) average price per share paid by all stockholders by $11.46 per share. Please tell us how you determined these changes in average price per share paid by all stockholders. October 4, 2024 Page 2 Principal Stockholders, page 154 3. Please disclose the natural persons who have voting and dispositive control over the shares owned by all entities listed as major stockholders in the beneficial ownership table. Notes to Condensed Consolidated Interim Financial Statements (Unaudited) 17. Subsequent Events, page F-72 4. You disclose that the outstanding shares of your Class A and Class B common stock are expected to convert to shares of common stock based on a conversion ratio of 8.375-to- one after the effective date of this registration statement on Form S-1, but immediately prior to and contingent upon the completion of your initial public offering. Please tell us your consideration of disclosing pro forma net income per share giving effect to the conversion of your Class A and Class B common stock. Please contact James Giugliano at 202-551-3319 or Suying Li at 202-551-3335 if you have questions regarding comments on the financial statements and related matters. Please contact Alyssa Wall at 202-551-8106 or Lilyanna Peyser at 202-551-3222 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Faiza Rahman