0000000000-24-013462.txt : 20250124 0000000000-24-013462.hdr.sgml : 20250124 20241205193607 ACCESSION NUMBER: 0000000000-24-013462 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241205 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: PicoCELA Inc. CENTRAL INDEX KEY: 0002018462 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: M0 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 377-07272 BUSINESS ADDRESS: STREET 1: 2-34-5 NINGYOCHO, SANOS BUILDING, STREET 2: NIHONBASHI CHUO-KU, CITY: TOKYO STATE: M0 ZIP: 103-0013 BUSINESS PHONE: 81 03-6661-2780 MAIL ADDRESS: STREET 1: 2-34-5 NINGYOCHO, SANOS BUILDING, STREET 2: NIHONBASHI CHUO-KU, CITY: TOKYO STATE: M0 ZIP: 103-0013 PUBLIC REFERENCE ACCESSION NUMBER: 0001493152-24-023696 LETTER 1 filename1.pdf begin 644 filename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end TEXT-EXTRACT 2 filename2.txt December 5, 2024 Hiroshi Furukawa Chief Executive Officer PicoCELA Inc. 2-34-5 Ningyocho, SANOS Building, Nihonbashi Chuo-ku, Tokyo 103-0013 Japan Re: PicoCELA Inc. Amendment No. 2 to Registration Statement on Form F-1 Filed on November 27, 2024 File No. 333-282931 Dear Hiroshi Furukawa: 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 November 26, 2024 letter. Amendment to Form F-1 filed November 27, 2024 Exhibits 1. Please request counsel to address the following items in the legal opinion filed as Exhibit 5.1 and file a revised opinion: We note that the opinion covers the 2,300,000 shares being offered in the primary offering, but not the 2,000,040 shares being offered in the resale offering. Please revise to additionally cover the resale shares. Refer to Sections II.B.1.b and II.B.2.h of Staff Legal Bulletin 19. We note the assumption in paragraph a(viii) that "all relevant matters would be found to be legal, valid and binding under the applicable laws of, or not otherwise December 5, 2024 Page 2 contrary to public policy or any mandatory provisions of applicable laws of, any jurisdiction other than Japan, as presently or hereafter in force or given effect." Please revise or support this assumption, as it appears overly broad. Refer to Section II.B.3.a of Staff Legal Bulletin No. 19. Please revise the penultimate paragraph of the opinion, as this appears to limit reliance. Refer to Section II.B.3.d of Staff Legal Bulletin 19. Please contact Eiko Yaoita Pyles at 202-551-3587 or Kevin Stertzel at 202-551-3723 if you have questions regarding comments on the financial statements and related matters. Please contact Bradley Ecker at 202-551-4985 or Jennifer Angelini at 202-551-3047 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing