Anne Nguyen Parker
Chief
Office of Manufacturing
Division of Corporation Finance
Securities and Exchange Commission
Washington, DC 20549
March 27, 2020
Re: | Hylete, Inc. |
Amendment No. 1 to Offering Statement on Form 1-A | |
Filed March 19, 2020 | |
File No. 024-11158 |
Dear Ms. Parker:
We acknowledge receipt of comments in your letter of March 27, 2020 regarding the Offering Statement of Hylete, Inc. (the “Company”), which we have set out below, together with our responses.
Amendment No. 1 to Offering Statement on Form 1-A
Notes to the Financial Statements
Note 2 - Going Concern, page F-8
1. | We note you have revised your going concern footnote in response to our comment 9 to state "As of March 18, 2020, we have capital to fund operations through July 2020," however, your audit report is dated as of April 17, 2019. In this regard, since you have updated your going concern footnote, the date of your independent accountant's report may also require updating. Please advise or revise your footnote and/or audit report as necessary. |
The Company has revised Note 2 to restore the paragraph that was included in the audited financial statements and to clarify that the paragraph regarding its 2020 financing plans is unaudited. As a result, the independent accountant’s report has not been updated.
If you have additional comments or questions, please contact me at jeanne@crowdchecklaw.com.
Sincerely,
/s/ Jeanne Campanelli
Jeanne Campanelli Partner
CrowdCheck Law LLP
cc: | Ronald Wilson |
Adam Colton | |
Hylete, Inc. |