# EDGAR Filing Document

**Accession Number:** 0001733443
**File Stem:** 0000000000-23-001945
**Filing Date:** 2023-2
**Character Count:** 17224
**Document Hash:** ced7e2ec5bbe9a765d49fd7886dcd3df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001945.hdr.sgml**: 20230628

**ACCESSION NUMBER**: 0000000000-23-001945

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230227

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Chosen, Inc.
- **CENTRAL INDEX KEY:** 0001733443
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
- **IRS NUMBER:** 823246222
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 4 S. 2600 W., SUITE 5
- **CITY:** HURRICANE
- **STATE:** UT
- **ZIP:** 84737
- **BUSINESS PHONE:** 435-635-7262

**MAIL ADDRESS:**
- **STREET 1:** 4 S. 2600 W., SUITE 5
- **CITY:** HURRICANE
- **STATE:** UT
- **ZIP:** 84737

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Chosen, LLC
- **DATE OF NAME CHANGE:** 20180305
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001104659-23-009391

## Text-Extract

```

United States securities and exchange commission logo

                            February 27, 2023

       JD Larsen
       Chief Financial Officer
       Chosen, Inc.
       4 S 2600 W
       Suite 5
       Hurricane, UT 84737

                                                        Re: Chosen, Inc.
                                                            Registration
Statement on Form 10-12G
                                                            Filed February 2,
2023
                                                            File No. 000-56519

       Dear JD Larsen:

              We have reviewed your filing 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 these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

            After reviewing your response and any amendment you may file in
response to these
       comments, we may have additional comments.

       Registration Statement on Form 10-12G, filed February 2, 2023

       Item 1. Business, page 5

   1.                                                   We note your disclosure
elsewhere in the registration statement that you have a trademark
                                                        for The Chosen. In this
section, please disclose any patents, trademarks, licenses,
                                                        franchises,
concessions, royalty agreements or labor contracts, including duration. Refer
                                                        to Item 101(h)(4)(vii).
       Employees, page 8

   2.                                                   We note your disclosure
of total employees; please distinguish between part-time and full-
                                                        time employees. Refer
to Item 101(h)(4)(xii).
 JD Larsen
FirstName LastNameJD Larsen
Chosen, Inc.
Comapany27,
February   NameChosen,
             2023      Inc.
February
Page 2 27, 2023 Page 2
FirstName LastName
Government or Regulatory Approval and Compliance, page 8

3.       We note your disclosure that you are not subject to any industry
specific governmental or
         regulatory approval or compliance. However, when visiting the website
"thechosen.tv"
         viewers are asked to provide their personal information. To the extent
material to your
         business, please disclose your regulatory approval or compliance, if
any, with national or
         international data privacy laws. Refer to Item 101(h)(4)(viii). If any
data privacy
         disclosure is needed, please also include appropriate risk factor
disclosure.
Item 1A. Risk Factors, page 10

4.       We note statements from you website and statements made in the press
that The Chosen is
         a donation financed enterprise. Please disclose any risks that may
arise from being reliant
         on charitable donations to finance your film production. In addition,
we note press
         statements from Dallas Jenkins that the partnership with the Come and
See Foundation
         will allow viewers to "donate to the Come and See Foundation and
receive a tax
         deduction, more people able to contribute more significantly." Please
also disclose any
         risks that may arise from relying on specific tax exemptions to
finance your film
         production.
5.       Please add a new risk factor addressing the risks associated with the
holders of Series A
         Common Stock having ten votes per share while the holders of Series B
Common Stock
         have only one vote per share.
Reliance on Personnel - The Company will depend heavily on creative and
production personnel
to produce the Series, page 13

6.       Please revise this risk factor to more specifically identify key
personnel needed for the
         production of The Chosen. For instance, please revise to state you
have employment
         agreements in place with your key personnel.
Conflicts of Interest Because the Company was founded as a single purpose
company to
produce the Series . . ., page 15

7.       Please expand this risk factor to disclose the specific actual or
potential conflicts of
         interest that have arisen in the past. In addition, please expand the
heading for the risk
         factor and the scope of the risk factor to encompass matters beyond
those arising from
         your status as a single purpose company, as it appears the factual
basis for the conflicts
         risk you face is broader than that. Finally, please expand this risk
factor, or add a new risk
         factor, to address your apparent lack of policies and procedures for
the review, approval,
         or ratification of transactions with related parties.
 JD Larsen
FirstName LastNameJD Larsen
Chosen, Inc.
Comapany27,
February   NameChosen,
             2023      Inc.
February
Page 3 27, 2023 Page 3
FirstName LastName
Item 2. Financial Information
Results of Operations
Overview, page 17

8.       Please briefly address the place of charitable donations as an income
stream. In this
         regard, on page 6 you disclose your right to receive 90% of the
donation net proceeds
         received by CAS.
9.       We note your disclosure that the sale of merchandise is a material
part of your business.
         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.
Item 3. Properties., page 23

10.      We note your disclosure here stating that you own the film set in
Midlothian, Texas.
         However, on page 12 you disclose that "both the set and the film
campus are built on land
         owned by the Salvation Army." Please clarify this discrepancy.
11.      We note your disclosure here and on page 12 regarding the terms of
your filming location
         leases. To provide additional context to investors, please disclose
the duration of each
         lease.
Item 4. Security Ownership of Certain Beneficial Owners and Management, page 23

12.      In footnote 3 to the table, please identify by name all the officers
and directors who are
         members of The Chosen Productions, LLC.
Item 7. Certain Relationships and Related Transactions, and Director
Independence, page 28

13.      Please revise your disclosure to state whether any of your directors
are independent. Refer
         to Item 407(a).
14.      Please provide all of the information required by the applicable
provisions of Item 404 of
         Regulation S-K. In this regard, we draw your attention to the extended
look-back period
         under Item 404(d), which covers the two fiscal years preceding your
last fiscal year, and
         we note, for example, potentially disclosable transaction activity in
2020 and
         2021 relating to the 2018 Angel Studios License Agreement.
Item 11. Description of Registrants Securities to be Registered, page 30

15.      Please remove from the italicized introductory paragraph the
qualification by reference to
         the Delaware statutory and common law.
 JD Larsen
FirstName LastNameJD Larsen
Chosen, Inc.
Comapany27,
February   NameChosen,
             2023      Inc.
February
Page 4 27, 2023 Page 4
FirstName LastName
Exhibits

16.      Please file as exhibits the Salvation Army lease agreements discussed
in your risk factors
         on page 12. See Item 601(b)(10) of Regulation S-K.
17.      We note on page 33 you reference to a future amended and restated
certificate of
         incorporation and by-laws. Please file your amended and restated
certificate of
         incorporation and by-laws as exhibits once they are available.
        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.

       You may contact Blaise Rhodes at 202-551-3774 or Angela Lumley at
202-551-3398 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Nicholas Nalbantian at 202-551-7470 or Dietrich King at 202-551-8071
with any other
questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of Trade &
Services
cc:      Giovanni Caruso

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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

CORPORATION FINANCE

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

February 27, 2023

JD Larsen  
Chief Financial Officer  
Chosen, Inc.  
4 S 2600 W  
Suite 5  
Hurricane, UT 84737

**Re: Chosen, Inc.  
Registration Statement on Form 10-12G  
Filed February 2, 2023  
File No. 000-56519**

Dear JD Larsen:

We have reviewed your filing 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 these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response and any amendment you may file in response to these comments, we may have additional comments.

Registration Statement on Form 10-12G, filed February 2, 2023

# Item 1. Business, page 5

1. We note your disclosure elsewhere in the registration statement that you have a trademark for *The Chosen*. In this section, please disclose any patents, trademarks, licenses, franchises, concessions, royalty agreements or labor contracts, including duration. Refer to Item 101(h)(4)(vii).

# Employees, page 8

2. We note your disclosure of total employees; please distinguish between part-time and full-time employees. Refer to Item 101(h)(4)(xii).

JD Larsen
Chosen, Inc.
February 27, 2023
Page 2

Government or Regulatory Approval and Compliance, page 8

3. We note your disclosure that you are not subject to any industry specific governmental or regulatory approval or compliance. However, when visiting the website "thechosen.tv" viewers are asked to provide their personal information. To the extent material to your business, please disclose your regulatory approval or compliance, if any, with national or international data privacy laws. Refer to Item 101(h)(4)(viii). If any data privacy disclosure is needed, please also include appropriate risk factor disclosure.

Item 1A. Risk Factors, page 10

4. We note statements from you website and statements made in the press that The Chosen is a donation financed enterprise. Please disclose any risks that may arise from being reliant on charitable donations to finance your film production. In addition, we note press statements from Dallas Jenkins that the partnership with the Come and See Foundation will allow viewers to "donate to the Come and See Foundation and receive a tax deduction, more people able to contribute more significantly." Please also disclose any risks that may arise from relying on specific tax exemptions to finance your film production.

5. Please add a new risk factor addressing the risks associated with the holders of Series A Common Stock having ten votes per share while the holders of Series B Common Stock have only one vote per share.

Reliance on Personnel - The Company will depend heavily on creative and production personnel to produce the Series, page 13

6. Please revise this risk factor to more specifically identify key personnel needed for the production of The Chosen. For instance, please revise to state you have employment agreements in place with your key personnel.

Conflicts of Interest Because the Company was founded as a single purpose company to produce the Series . . ., page 15

7. Please expand this risk factor to disclose the specific actual or potential conflicts of interest that have arisen in the past. In addition, please expand the heading for the risk factor and the scope of the risk factor to encompass matters beyond those arising from your status as a single purpose company, as it appears the factual basis for the conflicts risk you face is broader than that. Finally, please expand this risk factor, or add a new risk factor, to address your apparent lack of policies and procedures for the review, approval, or ratification of transactions with related parties.

JD Larsen
Chosen, Inc.
February 27, 2023
Page 3

Item 2. Financial Information

Results of Operations

Overview, page 17

8. Please briefly address the place of charitable donations as an income stream. In this regard, on page 6 you disclose your right to receive 90% of the donation net proceeds received by CAS.

9. We note your disclosure that the sale of merchandise is a material part of your business. 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.

Item 3. Properties., page 23

10. We note your disclosure here stating that you own the film set in Midlothian, Texas. However, on page 12 you disclose that "both the set and the film campus are built on land owned by the Salvation Army." Please clarify this discrepancy.

11. We note your disclosure here and on page 12 regarding the terms of your filming location leases. To provide additional context to investors, please disclose the duration of each lease.

Item 4. Security Ownership of Certain Beneficial Owners and Management, page 23

12. In footnote 3 to the table, please identify by name all the officers and directors who are members of The Chosen Productions, LLC.

Item 7. Certain Relationships and Related Transactions, and Director Independence, page 28

13. Please revise your disclosure to state whether any of your directors are independent. Refer to Item 407(a).

14. Please provide all of the information required by the applicable provisions of Item 404 of Regulation S-K. In this regard, we draw your attention to the extended look-back period under Item 404(d), which covers the two fiscal years preceding your last fiscal year, and we note, for example, potentially disclosable transaction activity in 2020 and 2021 relating to the 2018 Angel Studios License Agreement.

Item 11. Description of Registrants Securities to be Registered, page 30

15. Please remove from the italicized introductory paragraph the qualification by reference to the Delaware statutory and common law.

JD Larsen
Chosen, Inc.
February 27, 2023
Page 4

# Exhibits

16. Please file as exhibits the Salvation Army lease agreements discussed in your risk factors on page 12. See Item 601(b)(10) of Regulation S-K.
17. We note on page 33 you reference to a future amended and restated certificate of incorporation and by-laws. Please file your amended and restated certificate of incorporation and by-laws as exhibits once they are available.

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.

You may contact Blaise Rhodes at 202-551-3774 or Angela Lumley at 202-551-3398 if you have questions regarding comments on the financial statements and related matters. Please contact Nicholas Nalbantian at 202-551-7470 or Dietrich King at 202-551-8071 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services

cc: Giovanni Caruso