Summary by Moomoo AI
Collective Audience, Inc. has received comments from the United States Securities and Exchange Commission (SEC) regarding its amended registration statement on Form S-1, initially filed on February 20, 2024. The SEC's letter, dated February 28, 2024, addressed to CEO Peter Bordes, requests further amendments and information. The SEC has specifically asked for additional disclosure on the cover page about the company's liquidity and its ability to fund operations with current cash on hand. Furthermore, the SEC requires Collective Audience to disclose the likelihood of missing its 2023 revenue projection of $72 million. The company is expected to respond by amending the registration statement and providing the requested information. The SEC has indicated that after reviewing the company's amendments and responses, additional comments may follow.
