# EDGAR Filing Document

**Accession Number:** 0001961847
**File Stem:** 0000000000-23-002285
**Filing Date:** 2023-3
**Character Count:** 21549
**Document Hash:** 41fcbac74cb8896800ea8ad88438198c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002285.hdr.sgml**: 20231212

**ACCESSION NUMBER**: 0000000000-23-002285

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230308

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INNO HOLDINGS INC.
- **CENTRAL INDEX KEY:** 0001961847
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL PIPE & TUBES [3317]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 2465 FARM TO MARKET 359 SOUTH
- **CITY:** BROOKSHIRE
- **STATE:** TX
- **ZIP:** 77423
- **BUSINESS PHONE:** 800-909-8800

**MAIL ADDRESS:**
- **STREET 1:** 2465 FARM TO MARKET 359 SOUTH
- **CITY:** BROOKSHIRE
- **STATE:** TX
- **ZIP:** 77423
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-23-009029

## Text-Extract

```

United States securities and exchange commission logo

                               March 8, 2023

       Dekui Liu
       Chief Executive Officer
       INNO HOLDINGS INC.
       2465 Farm Market 359 South
       Brookshire, TX 77423

                                                        Re: INNO HOLDINGS INC.
                                                            Amendment No. 1 to
Draft Registration Statement on Form S-1
                                                            Submitted February
9, 2023
                                                            CIK No. 0001961847

       Dear Dekui Liu:

              We have reviewed your draft registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 1 to Draft Registration Statement on Form S-1 submitted
February 9, 2023

       Market Data, page 2

   1.                                                   The disclosure in the
second through sixth sentences in this section appears to imply a
                                                        disclaimer of
responsibility for this information in the registration statement. Please
either
                                                        revise this section to
remove such implication or specifically state that you are
                                                        responsible for all
information in the registration statement.
   2.                                                   We note the disclosure
in this section that "To our knowledge, certain third-party industry
                                                        data that includes
projections for future periods does not take into account the effects of
                                                        the worldwide
coronavirus pandemic. Accordingly, those third-party projections may be
                                                        overstated and should
not be given undue weight." Please clearly disclose which data
                                                        "includes projections
for future periods does not take into account the effects of the
 Dekui Liu
FirstName  LastNameDekui
INNO HOLDINGS      INC. Liu
Comapany
March      NameINNO HOLDINGS INC.
       8, 2023
March2 8, 2023 Page 2
Page
FirstName LastName
         worldwide coronavirus pandemic."
3.       Please tell us whether you commissioned any of the third-party data
presented in your
         document and, if so, please file the consent as an exhibit.
Mobile Factory, Off-site Equipment Rental, Sales, Service, and Support, page 8

4.       Please ensure that the information in the illustrations on pages 9 and
10 is legible.
Summary Risk Factors, page 13

5.       Please include a bullet point to highlight the risk factor on pages
29-30 that the company
         may experience extreme stock price volatility unrelated to the
company's actual or
         expected operating performance, financial condition or prospects,
making it difficult for
         prospective investors to assess the rapidly changing value of the
company's common
         stock.
Capitalization, page 38

6.       Please revise your capitalization table to include both short and long
term debt balances.
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Revenues, page 41

7.       Please revise to quantify the impacts of changes in price and volume
on your revenues and
         discuss the underlying business reasons for these changes.
Liquidity and Capital Resources
Cash Flows, page 44

8.       Please provide a more robust analysis of the changes in net cash used
in operating
         activities. Your analysis should quantify all factors that affected
operating cash and
         address the material drivers underlying those factors. Refer to
Section IV.B of SEC
         Release 33-8350.
Business, page 51

9.       Please disclose, if applicable, the material terms of your written
agreements with the
         customer that that accounted for 15% and the three customers that
accounted for 91% of
         the company's total revenues for the fiscal years ended September 30,
2022 and
         September 30, 2021, respectively. In this regard, we note your
disclosure in Note 13 on
         page F-20. Also, tell us why you have not filed any of the agreements
as exhibits.
10.      Please disclose, if applicable, the material terms of your written
agreements with the
         suppliers that accounted for 75% and 70% of the company's total
purchases for the fiscal
         years ended September 30, 2022 and September 30, 2021, respectively.
In this regard, we
         note your disclosure in Note 13 on page F-20. Also, tell us why you
have not filed any of
         the agreements as exhibits.
 Dekui Liu
FirstName  LastNameDekui
INNO HOLDINGS      INC. Liu
Comapany
March      NameINNO HOLDINGS INC.
       8, 2023
March3 8, 2023 Page 3
Page
FirstName LastName
Executive and Director Compensation, page 79

11.      Please finalize all information within brackets in this section and
throughout the
         registration statement.
Lock-up Agreements, page 95

12.      Please disclose the "certain other exceptions" mentioned in the first
paragraph of this
         section.
Notes to Consolidated Financial Statements
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies
Subsequent Events, page F-13

13.      Please revise to disclose the actual date through which subsequent
events have been
         evaluated. Refer to ASC 855-10-50-1.
Note 13 - Concentration of Risk, page F-20

14.      Please revise to separately disclose the total revenue from each
customer that accounted
         for more than 10% of your revenue for each period presented pursuant
to ASC 280-10-50-
         42. In this regard, we note your disclosure that three customers
accounted for 91% of your
         total revenue for the year ended September 30, 2021.
Exhibits

15.      Please ensure that you file as separate exhibits the consents of the
board members.
General

16.      If your operations have experienced or are experiencing inflationary
pressures or rising
         costs, please expand to identify the principal factors contributing to
the inflationary
         pressures the company has experienced and clarify the resulting impact
to the company.
         Please also revise to identify actions planned or taken, if any, to
mitigate inflationary
         pressures.
17.      Please disclose whether and how your business segments, products,
lines of service,
         projects, or operations are materially impacted by supply chain
disruptions, especially in
         light of Russia   s invasion of Ukraine. For example, discuss whether
you have or expect to:
             suspend the production, purchase, sale or maintenance of certain
items due to a lack of
         raw materials, parts, or equipment; inventory shortages; closed
factories or stores; reduced
         headcount; or delayed projects;
             experience labor shortages that impact your business;
             experience cybersecurity attacks in your supply chain;
             experience higher costs due to constrained capacity or increased
commodity prices or
         challenges sourcing materials (e.g., nickel, palladium, neon, cobalt,
iron, platinum or other
         raw material sourced from Russia, Belarus, or Ukraine);
 Dekui Liu
INNO HOLDINGS INC.
March 8, 2023
Page 4
           experience surges or declines in consumer demand for which you are
unable to
       adequately adjust your supply;
           be unable to supply products at competitive prices or at all due to
export restrictions,
       sanctions, tariffs, trade barriers, or political or trade tensions among
countries or the
       ongoing invasion; or be exposed to supply chain risk in light of Russia
 s invasion of
       Ukraine and/or related geopolitical tension or have sought, made or
announced plans to
          de-globalize    your supply chain.
       Explain whether and how you have undertaken efforts to mitigate the
impact and where
       possible quantify the impact to your business.
18.    Please disclose whether you are subject to material cybersecurity risks
in your supply
       chain based on third-party products, software, or services used in your
products, services,
       or business and how a cybersecurity incident in your supply chain could
impact your
       business. Discuss the measures you have taken to mitigate these risks.
To the extent
       material, disclose any new or heightened risk of potential cyberattacks
by state actors or
       others since Russia   s invasion of Ukraine and whether you have taken
actions to mitigate
       such potential risks.
19.    Please describe the extent and nature of the role of the board of
directors in overseeing
       cybersecurity risks, including in connection with the company   s supply
       chain/suppliers/service providers.
20.    Please discuss whether supply chain disruptions materially affect your
outlook or business
       goals. Specify whether these challenges have materially impacted your
results of
       operations or capital resources and quantify, to the extent possible,
how your sales, profits,
       and/or liquidity have been impacted. Also discuss known trends or
uncertainties resulting
       from mitigation efforts undertaken, if any. Explain whether any
mitigation efforts
       introduce new material risks, including those related to product
quality, reliability, or
       regulatory approval of products.
21.    Please discuss whether recent increased cases of COVID-19 and/or
shutdowns related to
       additional or increased outbreaks have had a material impact on your
operations, supply
       chain, liquidity or capital resources.
        You may contact SiSi Cheng, Staff Accountant, at 202-551-5004 or Kevin
Woody,
Accounting Branch Chief, at 202-551-3629 if you have questions regarding
comments on the
financial statements and related matters. Please contact Thomas Jones, Staff
Attorney, at 202-
551-3602 or Jay Ingram, Legal Branch Chief, at 202-551-3397 with any other
questions.

                                                              Sincerely,
FirstName LastNameDekui Liu
Comapany NameINNO HOLDINGS INC.                               Division of
Corporation Finance
March 8, 2023 Page 4                                          Office of
Manufacturing
cc:
FirstName Michael J. Blankenship
          LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

DIVISION OF
CORPORATION FINANCE

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

March 8, 2023

Dekui Liu
Chief Executive Officer
INNO HOLDINGS INC.
2465 Farm Market 359 South
Brookshire, TX 77423

**Re: INNO HOLDINGS INC.**
**Amendment No. 1 to Draft Registration Statement on Form S-1**
**Submitted February 9, 2023**
**CIK No. 0001961847**

Dear Dekui Liu:

We have reviewed your draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments.

Amendment No. 1 to Draft Registration Statement on Form S-1 submitted February 9, 2023

Market Data, page 2

1. The disclosure in the second through sixth sentences in this section appears to imply a disclaimer of responsibility for this information in the registration statement. Please either revise this section to remove such implication or specifically state that you are responsible for all information in the registration statement.
2. We note the disclosure in this section that "To our knowledge, certain third-party industry data that includes projections for future periods does not take into account the effects of the worldwide coronavirus pandemic. Accordingly, those third-party projections may be overstated and should not be given undue weight." Please clearly disclose which data "includes projections for future periods does not take into account the effects of the

Dekui Liu
INNO HOLDINGS INC.
March 8, 2023
Page 2

worldwide coronavirus pandemic."

3. Please tell us whether you commissioned any of the third-party data presented in your document and, if so, please file the consent as an exhibit.

Mobile Factory, Off-site Equipment Rental, Sales, Service, and Support, page 8

4. Please ensure that the information in the illustrations on pages 9 and 10 is legible.

Summary Risk Factors, page 13

5. Please include a bullet point to highlight the risk factor on pages 29-30 that the company may experience extreme stock price volatility unrelated to the company's actual or expected operating performance, financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of the company's common stock.

Capitalization, page 38

6. Please revise your capitalization table to include both short and long term debt balances.

Management's Discussion and Analysis of Financial Condition and Results of Operations Revenues, page 41

7. Please revise to quantify the impacts of changes in price and volume on your revenues and discuss the underlying business reasons for these changes.

Liquidity and Capital Resources

Cash Flows, page 44

8. Please provide a more robust analysis of the changes in net cash used in operating activities. Your analysis should quantify all factors that affected operating cash and address the material drivers underlying those factors. Refer to Section IV.B of SEC Release 33-8350.

Business, page 51

9. Please disclose, if applicable, the material terms of your written agreements with the customer that that accounted for 15% and the three customers that accounted for 91% of the company's total revenues for the fiscal years ended September 30, 2022 and September 30, 2021, respectively. In this regard, we note your disclosure in Note 13 on page F-20. Also, tell us why you have not filed any of the agreements as exhibits.
10. Please disclose, if applicable, the material terms of your written agreements with the suppliers that accounted for 75% and 70% of the company's total purchases for the fiscal years ended September 30, 2022 and September 30, 2021, respectively. In this regard, we note your disclosure in Note 13 on page F-20. Also, tell us why you have not filed any of the agreements as exhibits.

Dekui Liu
INNO HOLDINGS INC.
March 8, 2023
Page 3

Executive and Director Compensation, page 79

11. Please finalize all information within brackets in this section and throughout the registration statement.

Lock-up Agreements, page 95

12. Please disclose the "certain other exceptions" mentioned in the first paragraph of this section.

Notes to Consolidated Financial Statements

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies

Subsequent Events, page F-13

13. Please revise to disclose the actual date through which subsequent events have been evaluated. Refer to ASC 855-10-50-1.

Note 13 - Concentration of Risk, page F-20

14. Please revise to separately disclose the total revenue from each customer that accounted for more than 10% of your revenue for each period presented pursuant to ASC 280-10-50-42. In this regard, we note your disclosure that three customers accounted for 91% of your total revenue for the year ended September 30, 2021.

Exhibits

15. Please ensure that you file as separate exhibits the consents of the board members.

General

16. If your operations have experienced or are experiencing inflationary pressures or rising costs, please expand to identify the principal factors contributing to the inflationary pressures the company has experienced and clarify the resulting impact to the company. Please also revise to identify actions planned or taken, if any, to mitigate inflationary pressures.

17. Please disclose whether and how your business segments, products, lines of service, projects, or operations are materially impacted by supply chain disruptions, especially in light of Russia's invasion of Ukraine. For example, discuss whether you have or expect to:
• suspend the production, purchase, sale or maintenance of certain items due to a lack of raw materials, parts, or equipment; inventory shortages; closed factories or stores; reduced headcount; or delayed projects;
• experience labor shortages that impact your business;
• experience cybersecurity attacks in your supply chain;
• experience higher costs due to constrained capacity or increased commodity prices or challenges sourcing materials (e.g., nickel, palladium, neon, cobalt, iron, platinum or other raw material sourced from Russia, Belarus, or Ukraine);

Dekui Liu
INNO HOLDINGS INC.
March 8, 2023
Page 4

• experience surges or declines in consumer demand for which you are unable to adequately adjust your supply;
• be unable to supply products at competitive prices or at all due to export restrictions, sanctions, tariffs, trade barriers, or political or trade tensions among countries or the ongoing invasion; or be exposed to supply chain risk in light of Russia’s invasion of Ukraine and/or related geopolitical tension or have sought, made or announced plans to “de-globalize” your supply chain.
Explain whether and how you have undertaken efforts to mitigate the impact and where possible quantify the impact to your business.

18. Please disclose whether you are subject to material cybersecurity risks in your supply chain based on third-party products, software, or services used in your products, services, or business and how a cybersecurity incident in your supply chain could impact your business. Discuss the measures you have taken to mitigate these risks. To the extent material, disclose any new or heightened risk of potential cyberattacks by state actors or others since Russia’s invasion of Ukraine and whether you have taken actions to mitigate such potential risks.

19. Please describe the extent and nature of the role of the board of directors in overseeing cybersecurity risks, including in connection with the company’s supply chain/suppliers/service providers.

20. Please discuss whether supply chain disruptions materially affect your outlook or business goals. Specify whether these challenges have materially impacted your results of operations or capital resources and quantify, to the extent possible, how your sales, profits, and/or liquidity have been impacted. Also discuss known trends or uncertainties resulting from mitigation efforts undertaken, if any. Explain whether any mitigation efforts introduce new material risks, including those related to product quality, reliability, or regulatory approval of products.

21. Please discuss whether recent increased cases of COVID-19 and/or shutdowns related to additional or increased outbreaks have had a material impact on your operations, supply chain, liquidity or capital resources.

You may contact SiSi Cheng, Staff Accountant, at 202-551-5004 or Kevin Woody, Accounting Branch Chief, at 202-551-3629 if you have questions regarding comments on the financial statements and related matters. Please contact Thomas Jones, Staff Attorney, at 202-551-3602 or Jay Ingram, Legal Branch Chief, at 202-551-3397 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing

cc: Michael J. Blankenship