# EDGAR Filing Document

**Accession Number:** 0000894556
**File Stem:** 0000000000-25-005871
**Filing Date:** 2025-6
**Character Count:** 8790
**Document Hash:** c246d89f88e5dc7a4e79b9aee7066770
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-005871.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0000000000-25-005871

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250603

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** General Enterprise Ventures, Inc.
- **CENTRAL INDEX KEY:** 0000894556
- **STANDARD INDUSTRIAL CLASSIFICATION:** CHEMICALS & ALLIED PRODUCTS [2800]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 872765150
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-282611

**BUSINESS ADDRESS:**
- **STREET 1:** 1740H DEL RANGE BLVD
- **STREET 2:** SUITE 166
- **CITY:** CHEYENNE
- **STATE:** WY
- **ZIP:** 82009
- **BUSINESS PHONE:** 800-401-4535

**MAIL ADDRESS:**
- **STREET 1:** 1740H DEL RANGE BLVD
- **STREET 2:** SUITE 166
- **CITY:** CHEYENNE
- **STATE:** WY
- **ZIP:** 82009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENERAL ENTERTAINMENT VENTURES, INC
- **DATE OF NAME CHANGE:** 20210517

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENERAL ENVIRONMENTAL VENTURES, INC
- **DATE OF NAME CHANGE:** 20210517

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENERAL ENVIRONMENTAL MANAGEMENT, INC
- **DATE OF NAME CHANGE:** 20050427
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001640334-24-001510

## Text-Extract

```

                                                            June 3, 2025

Joshua Ralston
Chief Executive Officer
General Enterprise Ventures, Inc.
1740H Del Range Blvd, Suite 166
Cheyenne, WY 82009

       Re: General Enterprise Ventures, Inc.
           Amendment No. 3 to Registration Statement on Form S-1
           Filed May 27, 2025
           File No. 333-282611
Dear Joshua Ralston:

     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 February 21,
2025 letter.

Amendment No. 3 to Registration Statement on Form S-1 filed May 27, 2025
Risk Factors, page 11

1.     On page 16 you state: "The Company currently does not have product
liability
       insurance" and on page 17 you state: "[t]he Company maintains product
liability
       insurance against certain types of claims in amounts which it believes
to be adequate."
       Please revise to reconcile these statements. We also note that page F-33
references a
       captive insurance company, MFB Insurance Company, Inc. Please revise
here to
       disclose the function of this captive insurance company.
 June 3, 2025
Page 2
2.     Please revise to provide risk factor disclosure concerning the risks
associated with the
       anti-takeover provisions of your Articles of Incorporation and Bylaws
described on
       pages 72 and 73. Please also add a bullet to page 72 noting that you
have a classified
       board, and detail the risks associated with a classified board in your
risk factor
       disclosure.
3.     We note your statement on page 35: "The convertible note to a related
party was
       issued in February 2025 to BoltRock Holding LLC. The material terms of
this
       convertible note, giving effect to the Reverse Stock Split are: (i) a
12-month maturity;
       (ii) 10% interest per annum, capitalized on the maturity date; (iii)
conversion rights in
       the amount of the principal, divided by a fixed conversion rate of 2.40;
and (iv)
       warrant coverage at the rate of 0.20834 shares of Common Stock for each
dollar of
       principal, at an exercise price of $3.00 per share." Please revise this
disclosure
       concerning the material terms of the convertible note issued to BoltRock
Holding
       LLC to disclose that the obligations of the Company under the
convertible note are
       secured by a pledge of the Company   s membership interests in MFB Ohio.
In the
       event of a default, BoltRock Holding LLC could proceed against the
equity of MFB
       Ohio pledged to collateralize the convertible note, and MFB Ohio owns
the
       Company   s intellectual property portfolio, as you disclose on page 68.
Management's Discussion and Analysis of Financial Condition and Results of
Operations,
page 27

4.     We note your statement on page 27: "We are working to grow our fire
prevention and
       protection business, which is primarily focused on expanding use of
ground-
       applications for long-term fire retardant." Please revise to state how
long your product
       provides fire protection in its various applications and how often your
retardant needs
       to be re-applied.
Business Model, page 40

5.     We note you recognized revenue attributed to "product installation," as
noted in your
       Management's Discussion and Analysis of Financial Condition and Results
of
       Operations section. Please revise here to discuss your product
installation process.
Business
Patents, trademarks and licenses and their duration, page 40

6.     We note your response to prior comment 1. In the table that begins on
page 40, please
       revise to clarify the jurisdiction abbreviations "WO" (which appears to
relate to PCT
       applications) and "EPC." We also note that certain patents do not have
any indicator
       showing the type of patent protection, such as the bottom three rows on
page 45 and
       elsewhere. Finally, please revise to update the "20 MAY 2025 FILING
DEADLINE"
       rows, and clarify the type of patent protection reflected by the
"Pending Fire-Protected
       Product" and "Granted Fire-Protected Product" headers.
Executive Compensation
Employment Agreements, page 63

7.     Please revise here to describe the severance or severance-like
compensation terms
       in certain of your consulting agreements.
 June 3, 2025
Page 3

Security Ownership of Certain Beneficial Owners and Management, page 65

8.     Please revise your disclosure to identify the natural person or persons
who have
       voting and/or investment control of the shares held by BoltRock Holdings
LLC
       and Equus Total Return, Inc.
Certain Relationships and Related Party Transactions and Director Independence,
page 67

9.     We note your statement on page 29: "In March 2025, the Company entered
into a new
       contract and there is no longer a royalty." It appears you only have one
agreement that
       provides for a royalty payment, which is the Purchase Agreement dated
April
       13, 2022, among the Company, MFB Ohio, MFB California and Mr. Conboy,
filed as
       Exhibit 10.2. Please revise to describe the terms of this March 2025
agreement and
       file it as an exhibit pursuant to Item 601(b)(10) of Regulation S-K.
Additionally, we
       note on page 68 you state: "For the year ended December 31, 2024, the
Company paid
       consulting and royalty fees of $97,000 to MFB Enterprises LLC" and
"[f]or the year
       ended December 31, 2024, the Company paid consulting and royalty fees of
$20,000
       to MFB Enterprises LLC." Please revise to state whether these fees
should be
       aggregated or reconcile these statements. Please also revise to disclose
any consulting
       and royalty fees paid to MFB Enterprises LLC for the three months ended
March 31,
       2025.
General

10.    We note your statement that you are offering "3,500,000 shares of Common
       Stock based on an assumed public offering price of $[  ] per share."
Please remove this
       statement and disclose a firm volume of securities being offered. Please
see Item
       501(b)(2) of Regulation S-K and Securities Act Rules Compliance and
Disclosure
       Interpretations 227.02 for guidance. Please also revise to provide the
Rule 430A
       undertakings required by Item 512(i) of Regulation S-K or advise.
       Please contact Margaret Sawicki at 202-551-7153 with any questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Industrial Applications and
                                                            Services
cc:   Anthony F. Newton, Esq.

```

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