# EDGAR Filing Document

**Accession Number:** 0001956060
**File Stem:** 0000000000-23-001054
**Filing Date:** 2023-2
**Character Count:** 13734
**Document Hash:** a968281b3b3361c0501f6ea6538f5064
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001054.hdr.sgml**: 20230512

**ACCESSION NUMBER**: 0000000000-23-001054

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230201

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EXCEED TALENT CAPITAL HOLDINGS LLC
- **CENTRAL INDEX KEY:** 0001956060
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
- **IRS NUMBER:** 921482684
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 160 VARICK STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 917-985-8551

**MAIL ADDRESS:**
- **STREET 1:** 160 VARICK STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001683168-23-000073

## Text-Extract

```

United States securities and exchange commission logo

                              February 1, 2023

       Anthony Martini
       President
       Exceed Talent Capital Holdings LLC
       160 Varick Street
       New York, NY 10013

                                                        Re: Exceed Talent
Capital Holdings LLC
                                                            Offering Statement
on Form 1-A
                                                            Filed January 6,
2023
                                                            File No. 024-12122

       Dear Anthony Martini:

              We have reviewed your offering 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 amending your offering 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 offering statement and
the information you
       provide in response to these comments, we may have additional comments.

       Offering Statement on Form 1-A

       Summary
       Distributions, page 3

   1.                                                   Here and on page 52,
please revise to clarify what, if anything, investors might expect to
                                                        receive as a
distribution.
       Risk Factors
       Risks Related to NFTs
       Lack of regulation of NFTs creates uncertainty..., page 15

   2.                                                   Please revise your risk
factor to address the uncertainty of whether the NFTs may be
                                                        considered securities
under the U.S. federal securities laws and the consequences of
                                                        making an incorrect
assessment that they are not securities, or a regulatory body or court
                                                        disagreeing with such
assessment. Please also address the potential regulatory risks under
 Anthony Martini
Exceed Talent Capital Holdings LLC
February 1, 2023
Page 2
         the U.S. federal securities laws that the Managing Member could become
subject to
         regulation as a national securities exchange or as a broker-dealer
under the Securities
         Exchange Act of 1934. Ensure you address how the foregoing could
impact the potential
         earnings a series could expect to receive from the sales of such NFTs.
The Company's Business, page 36

3.       Please describe the material terms of your standard agreements to
purchase TRAs and any
         agreements relating to the management of the royalty-generating
activities. Please also
         file the forms of purchase agreements to purchase the TRAs for each of
Series Bedtime,
         Series Big Havi, Series Luh Moody, Series DaylinXL, and Series Envy,
and any related
         management agreements, as exhibits to your offering statement.
4.       Please include disclosure discussing the launch of the Exceed Rookie
Class NFTs.
         Disclose whether you or your parent Exceed Talent Capital LLC minted
and distributed
         the NFTs, disclose the benefits to holders that are listed in your
Testing-the-Waters
         materials, and discuss whether or not these NFTs were offered for
free. Please also
         disclose the reasons for offering these NFTs. To the extent the Exceed
Rookie Class
         NFTs will differ from the NFTs described on page 37, please revise
your disclosure to
         highlight the differences.
5.       We note that the Managing Member intends to mint and release NFTs, and
these will
         confer to the owner "Exceed Member" status on the Exceed Platform.
Please provide us
         with your legal analysis as to whether the digital assets are
securities and whether you are
         facilitating or engaging in transactions in unregistered securities.
Exhibit 13.1

6.       We note that your Testing-the-Waters materials indicate you launched
the Exceed Rookie
         Class NFTs in December 2022, and that these NFTs provide the holder
with priority list
         reservations to purchase shares in your series offerings, among other
benefits. Please tell
         us how this solicitation complied with Rule 255, as your TTW materials
do not appear to
         meet the conditions of Rule 255(b). Please also revise your website to
include
         all language required by Rule 255(b)(2).
General

7.     Please provide your analysis as to whether the Talent Related Income
Agreements,
FirstName LastNameAnthony Martini
       including both the rights to Recording Revenue and to NFT Revenue, are
 investment
Comapany    NameExceed
       securities            Talent
                   as defined     Capital 3(a)(2)
                              in Section  Holdings   LLCInvestment Company Act.
In your
                                                  of the
       response,
February  1, 2023please
                   Page 2include any relevant case law, no-action letters or
other authorities.
FirstName LastName
 Anthony Martini
FirstName LastNameAnthony
Exceed Talent Capital HoldingsMartini
                               LLC
Comapany1,NameExceed
February   2023         Talent Capital Holdings LLC
February
Page 3 1, 2023 Page 3
FirstName LastName
8.       Please provide your analysis as to whether any Series may be
considered an    investment
         company    under the Investment Company Act and, if so, whether any
exemptions or
         exclusions may be applicable. In your response, please cite to any
case law, no-action
         letters or other authorities that you believe may be relevant. Please
add related risk factor
         disclosure.
        We will consider qualifying your offering statement at your request. If
a participant in
your offering is required to clear its compensation arrangements with FINRA,
please have
FINRA advise us that it has no objections to the compensation arrangements
prior to
qualification.

        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. We also remind you that, following qualification of your
Form 1-A, Rule 257
of Regulation A requires you to file periodic and current reports, including a
Form 1-K which
will be due within 120 calendar days after the end of the fiscal year covered
by the report.

       Please contact Taylor Beech at 202-551-4515 or Erin Jaskot at
202-551-3442 with
any questions.

                                                                Sincerely,

                                                                Division of
Corporation Finance
                                                                Office of Trade
& Services
cc:      Andrew Stephenson, Esq.

```

### 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 1, 2023

Anthony Martini  
President  
Exceed Talent Capital Holdings LLC  
160 Varick Street  
New York, NY 10013

# **Re: Exceed Talent Capital Holdings LLC  
Offering Statement on Form 1-A  
Filed January 6, 2023  
File No. 024-12122**

Dear Anthony Martini:

We have reviewed your offering 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 amending your offering 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 offering statement and the information you provide in response to these comments, we may have additional comments.

# Offering Statement on Form 1-A

# Summary

# Distributions, page 3

1. Here and on page 52, please revise to clarify what, if anything, investors might expect to receive as a distribution.

# Risk Factors

# Risks Related to NFTs

# Lack of regulation of NFTs creates uncertainty... page 15

2. Please revise your risk factor to address the uncertainty of whether the NFTs may be considered securities under the U.S. federal securities laws and the consequences of making an incorrect assessment that they are not securities, or a regulatory body or court disagreeing with such assessment. Please also address the potential regulatory risks under

Anthony Martini
Exceed Talent Capital Holdings LLC
February 1, 2023
Page 2

the U.S. federal securities laws that the Managing Member could become subject to regulation as a national securities exchange or as a broker-dealer under the Securities Exchange Act of 1934. Ensure you address how the foregoing could impact the potential earnings a series could expect to receive from the sales of such NFTs.

The Company's Business, page 36

3. Please describe the material terms of your standard agreements to purchase TRAs and any agreements relating to the management of the royalty-generating activities. Please also file the forms of purchase agreements to purchase the TRAs for each of Series Bedtime, Series Big Havi, Series Luh Moody, Series DaylinXL, and Series Envy, and any related management agreements, as exhibits to your offering statement.

4. Please include disclosure discussing the launch of the Exceed Rookie Class NFTs. Disclose whether you or your parent Exceed Talent Capital LLC minted and distributed the NFTs, disclose the benefits to holders that are listed in your Testing-the-Waters materials, and discuss whether or not these NFTs were offered for free. Please also disclose the reasons for offering these NFTs. To the extent the Exceed Rookie Class NFTs will differ from the NFTs described on page 37, please revise your disclosure to highlight the differences.

5. We note that the Managing Member intends to mint and release NFTs, and these will confer to the owner "Exceed Member" status on the Exceed Platform. Please provide us with your legal analysis as to whether the digital assets are securities and whether you are facilitating or engaging in transactions in unregistered securities.

Exhibit 13.1

6. We note that your Testing-the-Waters materials indicate you launched the Exceed Rookie Class NFTs in December 2022, and that these NFTs provide the holder with priority list reservations to purchase shares in your series offerings, among other benefits. Please tell us how this solicitation complied with Rule 255, as your TTW materials do not appear to meet the conditions of Rule 255(b). Please also revise your website to include all language required by Rule 255(b)(2).

General

7. Please provide your analysis as to whether the Talent Related Income Agreements, including both the rights to Recording Revenue and to NFT Revenue, are "investment securities" as defined in Section 3(a)(2) of the Investment Company Act. In your response, please include any relevant case law, no-action letters or other authorities.

Anthony Martini
Exceed Talent Capital Holdings LLC
February 1, 2023
Page 3

8. Please provide your analysis as to whether any Series may be considered an “investment company” under the Investment Company Act and, if so, whether any exemptions or exclusions may be applicable. In your response, please cite to any case law, no-action letters or other authorities that you believe may be relevant. Please add related risk factor disclosure.

We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification.

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. We also remind you that, following qualification of your Form 1-A, Rule 257 of Regulation A requires you to file periodic and current reports, including a Form 1-K which will be due within 120 calendar days after the end of the fiscal year covered by the report.

Please contact Taylor Beech at 202-551-4515 or Erin Jaskot at 202-551-3442 with any questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services

cc: Andrew Stephenson, Esq.