# EDGAR Filing Document

**Accession Number:** 0001948455
**File Stem:** 0001213900-23-024669
**Filing Date:** 2023-3
**Character Count:** 5424
**Document Hash:** cd852e9690c9b8f578f9201eef586725
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-024669.hdr.sgml**: 20230501

**ACCESSION NUMBER**: 0001213900-23-024669

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ispire Technology Inc.
- **CENTRAL INDEX KEY:** 0001948455
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **IRS NUMBER:** 845106049
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 19700 MAGELLAN DRIVE
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90502
- **BUSINESS PHONE:** 3107429975

**MAIL ADDRESS:**
- **STREET 1:** 19700 MAGELLAN DRIVE
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ispire Technology Inc,
- **DATE OF NAME CHANGE:** 20220927

**Ispire Technology Inc.**

**19700 Magellan Drive**

**Los Angeles, CA 90502**

**VIA EDGAR**

March 30, 2023

U.S. Securities & Exchange Commission

Division of Corporation Finance

Office of Manufacturing

100 F Street, NE

Washington, D.C. 20549

**Re: Ispire Technology Inc.**

**Amendment No. 4 to Registration Statement on Form S-1**

**Filed March 17, 2023**

**File No. 333-269470**

Ladies and Gentlemen:

Ispire Technology Inc. (the "**Company**," "**we**," "**our**" or "**us**") hereby transmits the Company's response to the comment letter received from the staff (the "**Staff**") of the U.S. Securities and Exchange Commission (the "**Commission**"), on March 17, 2023, regarding the Amendment No. 4 to Registration Statement on Form S-1, File No. 333-269470 (the "**Registration Statement**") filed with the Commission March 17, 2023.

For the Staff's convenience, we have repeated below the Staff's comments, and have followed each comment with the Company's response.

**<u>Amendment No. 4 to Registration Statement on Form S-1 filed March 17, 2023</u>**

**<u>Risk Factors, page 12</u>**

&nbsp;&nbsp;&nbsp;&nbsp;1. We note your disclosure includes certain changes to the offering; however, the filing has not been revised to reflect all of the changes.
For example, on page 31, you disclose that all of the shares sold in the offering will be freely transferable without restriction or further
registration under the Securities Act, which appears inconsistent regarding the shares sold in this offering that will be held by the
Chief Financial Officer. In addition, on page 54, the percentages of the Company's common stock to be owned by Mr. Liu and Ms. Zhu upon
completion of this offering, 59.4% and 4.5%, respectively, do not appear revised. Please revise the filing to make the changes as appropriate
throughout the filing.

Response: The registration statement has been revised to reflect that any shares in the offering sold to affiliates are not freely transferable, but are subject to Rule 144 and any lock-up agreements. We have also corrected the ownership percentage.

**<u>Dilution, page 36</u>**

&nbsp;&nbsp;&nbsp;&nbsp;2. We note disclosure that a $1.00 increase (decrease) in the assumed public offering price would increase the dilution per share to
new investors by approximately $0.05, after deducting the underwriters' discount and estimated offering expenses payable by the Company.
Please explain how the increase in the dilution per share to new investors of $0.05 was computed. Also revise "increase" of
the dilution to "increase (decrease)".

Response: The dilution section has been revised to reflect that a $1.00 change in the offering price will result in an increase (decrease) of approximately $0.05 in the net tangible book value per share and an increase (decrease) in the dilution to the public investors of approximately $0.95. The following table shows the computation,

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| | | | |
|:---|:---|:---|:---|
| Offering price per share | $7.0 | $8.0 | $6.0 |
| Net book value | $83218167.0 | $83218167.0 | $83218167.0 |
| Intangible assets | $73487283.0 | $73487283.0 | $73487283.0 |
| Net tangible book value | $9730884.0 | $9730884.0 | $9730884.0 |
| Shares outstanding | 50000000.0 | 50000000.0 | 50000000.0 |
| Net tangible book value per share | $0.19 | $0.19 | $0.19 |
| Shares issued in offering | 3000000.0 | 3000000.0 | 3000000.0 |
| Gross proceeds | $21000000.0 | $24000000.0 | $18000000.0 |
| Underwriting discounts and commissions (6%) | $1260000.0 | $1440000.0 | $1080000.0 |
| Non-accountable expense allowance (1%) | $210000.0 | $240.0 | $180000.0 |
| Offering expenses (from Part II) | $1950000.0 | $1950000.0 | $1950000.0 |
| Net proceeds | $17580000.0 | $20370000.0 | $14790000.0 |
| Net tangible book value after offering | $27310884.0 | $30100884.0 | $24520884.0 |
| Outstanding shares after offering | 53000000.0 | 53000000.0 | 50000000.0 |
| Net tangible book value per share | $0.52 | $0.57 | $0.46 |
| Dilution per share to public investors | $6.48 | $7.43 | $5.54 |

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We thank the Staff for its review of the foregoing and the Registration Statement. If you have further comments, please feel free to contact to our counsel, Richard I. Anslow, Esq., at ranslow@egsllp.com or by telephone at (732) 939-9981 or Asher S. Levitsky, P.C. at alevitsky@egllp.com, telephone (917) 930-0991.

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| |
|:---|
| Sincerely, |
| */s/ Tuanfang Liu* |
| Tuanfang Liu, Chief Executive Officer |

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cc: Richard I. Anslow, Esq. Asher S. Levitsky PC