0000000000-23-013418.txt : 20240529 0000000000-23-013418.hdr.sgml : 20240529 20231208103611 ACCESSION NUMBER: 0000000000-23-013418 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231208 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: TOYO Co., Ltd CENTRAL INDEX KEY: 0001985273 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 377-06870 BUSINESS ADDRESS: STREET 1: 4TH FLOOR, HARBOUR PLACE STREET 2: 103 SOUTH CHURCH ST, P.O. BOX 10240 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1002 BUSINESS PHONE: 008109063486449 MAIL ADDRESS: STREET 1: 4TH FLOOR, HARBOUR PLACE STREET 2: 103 SOUTH CHURCH ST, P.O. BOX 10240 CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1002 PUBLIC REFERENCE ACCESSION NUMBER: 0001213900-23-076941 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. 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 the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment 2 to Draft Registration Statement on Form F-4 Unaudited Pro Forma Combined Balance Sheet, page 149 1. Please reconcile the 9,200,000 Class A ordinary shares subject to possible redemption with the 3,837,766 shares on the BWAQ interim balance sheet on page F-31. Unaudited Pro Forma Combined Statement of Operations, page 153 2. Although the header indicates the pro forma data is for the three months ended September 30, 2023, the BWAC information in column A appears to be using the information for the three months ended September 30, 2022. Please revise. 3. In a related matter, the pro forma information is supposed to represent the three months Junsei Ryu TOYO Co., Ltd December 8, 2023 Page 2 ended September 30, 2023, however, the TOYO information in column B is for the six months ended June 30, 2023. Please revise so that the periods present the same number of months of data. 4. Please tell us how the 4,757,766 shares for BWAQ's public stockholders was determined in relation to the 4,302,246 shares outstanding on the BWAQ interim balance sheet (3,837,766 Class A shares subject to redemption and 464,480 Class A shares outstanding). Part II Item 21. Exhibits and Financial Statement Schedules, page II-2 5. Please ensure that counsel provides a complete and dated legal opinion in a pre-effective amendment to the proxy statement/prospectus. Please contact Heather Clark at 202-551-3624 or Kevin Stertzel at 202-551-3723 if you have questions regarding comments on the financial statements and related matters. Please contact Alex King at 202-551-8631 or Erin Purnell at 202-551-3454 with any other questions. Sincerely, FirstName LastNameJunsei Ryu Division of Corporation Finance Comapany NameTOYO Co., Ltd Office of Manufacturing December 8, 2023 Page 2 cc: Will Cai FirstName LastName