Collective Audience, Inc., a company listed in the United States, received a letter from the Securities and Exchange Commission (SEC) on January 31, 2024, regarding its Registration Statement on Form S-1, which was initially filed on January 16, 2024. The SEC conducted a limited review and provided several comments requiring Collective Audience to amend their registration statement and provide additional information. The SEC's comments addressed issues such as the need for disclosure of the price paid by selling securityholders for their securities, the exercise price of warrants in relation to the market price, the impact of potential sales on the company's liquidity, and the effect of substantial share sales on the market price of Collective Audience's common stock. The SEC also...Show More

Collective Audience, Inc., a company listed in the United States, received a letter from the Securities and Exchange Commission (SEC) on January 31, 2024, regarding its Registration Statement on Form S-1, which was initially filed on January 16, 2024. The SEC conducted a limited review and provided several comments requiring Collective Audience to amend their registration statement and provide additional information. The SEC's comments addressed issues such as the need for disclosure of the price paid by selling securityholders for their securities, the exercise price of warrants in relation to the market price, the impact of potential sales on the company's liquidity, and the effect of substantial share sales on the market price of Collective Audience's common stock. The SEC also noted the company's non-compliance with certain Nasdaq Listing Rules and the discrepancy between projected and actual revenues for 2023, suggesting that the company will miss its revenue projection. Collective Audience is required to update its prospectus with the requested information, including a discussion on the company's ability to raise additional capital and the impact of this offering on the market price of its common stock. The SEC reminded the company of its responsibility for the accuracy and adequacy of its disclosures.