# EDGAR Filing Document

**Accession Number:** 0001815566
**File Stem:** 0000000000-23-000210
**Filing Date:** 2023-1
**Character Count:** 12243
**Document Hash:** 41099e6da27dbb8cb938d8492bd82ecf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000210.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0000000000-23-000210

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230106

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Infobird Co., Ltd
- **CENTRAL INDEX KEY:** 0001815566
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** RM 12A05 BLOCK A, BOYA INT CTR BLD 2.
- **STREET 2:** NO.1 CTYARD LIZE ZHONGYI RD, CHAOYANG DT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100102
- **BUSINESS PHONE:** 8601052411819

**MAIL ADDRESS:**
- **STREET 1:** RM 12A05 BLOCK A, BOYA INT CTR BLD 2.
- **STREET 2:** NO.1 CTYARD LIZE ZHONGYI RD, CHAOYANG DT
- **CITY:** BEIJING
- **STATE:** F4
- **ZIP:** 100102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Infobird Co. Ltd.
- **DATE OF NAME CHANGE:** 20200618

## Text-Extract

```

United States securities and exchange commission logo

                             January 6, 2023

       Cheuk Yee Li
       Chief Executive Officer
       Infobird Co., Ltd
       Room 12A06, Block A, Boya International Center
       Building 2, No. 1 Courtyard, Lize Zhongyi Road
       Chaoyang District, Beijing, China 100102

                                                        Re: Infobird Co., Ltd
                                                            Registration
Statement on Form F-3
                                                            Filed December 23,
2022
                                                            File No. 333-268993

       Dear Cheuk Yee Li:

              We have limited our review of your registration statement to
those issues we have
       addressed in our 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 amending your registration
statement and providing the
       requested information. 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 any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form F-3 filed December 23, 2022

       Cover Page

   1.                                                   Provide a description
of how cash is transferred through your organization and disclose
                                                        your intentions to
distribute earnings or settle amounts owed under the VIE agreements.
                                                        State whether any
transfers, dividends, or distributions have been made to date between
                                                        the holding company,
its subsidiaries, and consolidated VIEs, or to investors, and quantify
                                                        the amounts where
applicable. Provide cross-references to the condensed consolidating
                                                        schedule and the
consolidated financial statements.
 Cheuk Yee Li
FirstName  LastNameCheuk  Yee Li
Infobird Co., Ltd
Comapany
January    NameInfobird Co., Ltd
        6, 2023
January
Page 2 6, 2023 Page 2
FirstName LastName
Summary, page 1

2.       We note the diagram of the company's corporate structure on page 36;
however,
         please provide early in the summary a diagram of the company   s
corporate structure,
         identifying the person or entity that owns the equity in each depicted
entity. Additionally,
         revise to ensure the diagram is fully legible.
3.       We note your discussion of how cash is transferred through your
organization on page 82.
         In your prospectus summary, please provide a clear description of how
cash is transferred
         through your organization. Disclose your intentions to distribute
earnings or settle
         amounts owed under the VIE agreements. Quantify any cash flows and
transfers of other
         assets by type that have occurred between the holding company, its
subsidiaries, and the
         consolidated VIEs, and direction of transfer. Quantify any dividends
or distributions that a
         subsidiary or consolidated VIE have made to the holding company and
which entity made
         such transfer, and their tax consequences. Similarly quantify
dividends or distributions
         made to U.S. investors, the source, and their tax consequences. Your
disclosure should
         make clear if no transfers, dividends, or distributions have been made
to date. Describe
         any restrictions on foreign exchange and your ability to transfer cash
between entities,
         across borders, and to U.S. investors. Describe any restrictions and
limitations on your
         ability to distribute earnings from the company, including your
subsidiaries and/or the
         consolidated VIEs, to the parent company and U.S. investors as well as
the ability to settle
         amounts owed under the VIE agreements.
4.       We note your disclosure on page 38 with respect to the permissions or
approvals you need
         to operate your business in China. In both the prospectus summary and
in your summary
         of risk factors, please revise to also discuss any permissions and
approvals required to be
         obtained from Chinese authorities to offer securities to foreign
investors. In the case of
         each of the permissions required to operate your business in China and
to offer securities
         to foreign investors, if you determine no permissions are required,
provide an explanation
         as to whether you consulted counsel and, if not, why you did not
consult counsel and why
         you believe you do not need any permissions or approvals.
Summary of Risk Factors, page 39

5.       For each risk related to doing business in China, provide a specific
cross-reference to the
         more detailed risk factor.
 Cheuk Yee Li
FirstName  LastNameCheuk  Yee Li
Infobird Co., Ltd
Comapany
January    NameInfobird Co., Ltd
        6, 2023
January
Page 3 6, 2023 Page 3
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

        Refer to Rule 461 regarding requests for acceleration. Please allow
adequate time for us
to review any amendment prior to the requested effective date of the
registration statement.

       Please contact Alexandra Barone, Staff Attorney, at (202) 551-8816 or
Joshua Shainess,
Legal Branch Chief, at (202) 551-7951 with any questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Technology
cc:      Marc Rivera

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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

CORPORATION FINANCE

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

January 6, 2023

Cheuk Yee Li  
Chief Executive Officer  
Infobird Co., Ltd  
Room 12A06, Block A, Boya International Center  
Building 2, No. 1 Courtyard, Lize Zhongyi Road  
Chaoyang District, Beijing, China 100102

**Re: Infobird Co., Ltd  
Registration Statement on Form F-3  
Filed December 23, 2022  
File No. 333-268993**

Dear Cheuk Yee Li:

We have limited our review of your registration statement to those issues we have addressed in our 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 amending your registration statement and providing the requested information. 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 any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Registration Statement on Form F-3 filed December 23, 2022

# Cover Page

1. Provide a description of how cash is transferred through your organization and disclose your intentions to distribute earnings or settle amounts owed under the VIE agreements. State whether any transfers, dividends, or distributions have been made to date between the holding company, its subsidiaries, and consolidated VIEs, or to investors, and quantify the amounts where applicable. Provide cross-references to the condensed consolidating schedule and the consolidated financial statements.

Cheuk Yee Li
Infobird Co., Ltd
January 6, 2023
Page 2

# Summary, page 1

2. We note the diagram of the company's corporate structure on page 36; however, please provide early in the summary a diagram of the company's corporate structure, identifying the person or entity that owns the equity in each depicted entity. Additionally, revise to ensure the diagram is fully legible.

3. We note your discussion of how cash is transferred through your organization on page 82. In your prospectus summary, please provide a clear description of how cash is transferred through your organization. Disclose your intentions to distribute earnings or settle amounts owed under the VIE agreements. Quantify any cash flows and transfers of other assets by type that have occurred between the holding company, its subsidiaries, and the consolidated VIEs, and direction of transfer. Quantify any dividends or distributions that a subsidiary or consolidated VIE have made to the holding company and which entity made such transfer, and their tax consequences. Similarly quantify dividends or distributions made to U.S. investors, the source, and their tax consequences. Your disclosure should make clear if no transfers, dividends, or distributions have been made to date. Describe any restrictions on foreign exchange and your ability to transfer cash between entities, across borders, and to U.S. investors. Describe any restrictions and limitations on your ability to distribute earnings from the company, including your subsidiaries and/or the consolidated VIEs, to the parent company and U.S. investors as well as the ability to settle amounts owed under the VIE agreements.

4. We note your disclosure on page 38 with respect to the permissions or approvals you need to operate your business in China. In both the prospectus summary and in your summary of risk factors, please revise to also discuss any permissions and approvals required to be obtained from Chinese authorities to offer securities to foreign investors. In the case of each of the permissions required to operate your business in China and to offer securities to foreign investors, if you determine no permissions are required, provide an explanation as to whether you consulted counsel and, if not, why you did not consult counsel and why you believe you do not need any permissions or approvals.

# Summary of Risk Factors, page 39

5. For each risk related to doing business in China, provide a specific cross-reference to the more detailed risk factor.

Cheuk Yee Li
Infobird Co., Ltd
January 6, 2023
Page 3

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

Refer to Rule 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement.

Please contact Alexandra Barone, Staff Attorney, at (202) 551-8816 or Joshua Shainess, Legal Branch Chief, at (202) 551-7951 with any questions.

Sincerely,

Division of Corporation Finance
Office of Technology

cc: Marc Rivera