# EDGAR Filing Document

**Accession Number:** 0002033264
**File Stem:** 0000000000-25-005829
**Filing Date:** 2025-6
**Character Count:** 4309
**Document Hash:** b8daa440948f802adc85d9e326ba2578
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-005829.hdr.sgml**: 20250909

**ACCESSION NUMBER**: 0000000000-25-005829

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250603

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vertical Data Inc.
- **CENTRAL INDEX KEY:** 0002033264
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 992841705
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-284187

**BUSINESS ADDRESS:**
- **STREET 1:** 1887 WHITNEY MESA DRIVE #9810
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89014
- **BUSINESS PHONE:** 7026132328

**MAIL ADDRESS:**
- **STREET 1:** 1887 WHITNEY MESA DRIVE #9810
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89014
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-25-001537

## Text-Extract

```

                                                            June 3, 2025

Deven Soni
President and Chief Executive Officer
Vertical Data Inc.
1980 Festival Plaza Drive Suite 300
Las Vegas, NV 89135

       Re: Vertical Data Inc.
           Amendment No. 3 to Registration Statement on Form S-1
           Filed May 22, 2025
           File No. 333-284187
Dear Deven Soni:

     We have reviewed your amended registration statement and have the
following
comment(s).

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies 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 this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our May 15, 2025
letter.

Amendment No. 3 to Registration Statement on Form S-1
Our Products and Suppliers, page 2

1.     We note your response to prior comment 1, including that you do not have
any
       distribution agreements with any of your suppliers, do not have any
vendor
       agreements with binding terms regarding price, volume or exclusivity,
and that your
       relationship with vendors is based "on history of having done business
together"
       rather than formal written agreements or unwritten arrangements. Please
revise your
       Risk Factors section accordingly to discuss the material risks presented
by the nature
       of these arrangements described here and in your disclosure, including
on page 2
       under the subheading "Our Products and Suppliers." As one example only,
revise to
       address the risks to your business operations and financial results as a
result of your
       lack of ability to enforce your vendor relationships or otherwise seek
recourse,
 June 3, 2025
Page 2

       recover costs or seek damages should these relationships deteriorate
given their
       informal nature. We note your risk factor on page 15 beginning "We rely
on a small
       number of key vendors in our supply chain..." which discusses two
vendors, Amaara
       Networks and Circular Technology, "which represent approximately 84% and
16% of
       sales for the year ended September 30, 2024." Last, disclose whether
these parties, or
       other vendors you engage, are related parties and, if so, please revise
your disclosure
       accordingly, including on page 46 under "Certain Relationships and
Related Party
       Transactions."
        Please contact James Giugliano at 202-551-3319 or Theresa Brillant at
202-551-3307
if you have questions regarding comments on the financial statements and
related
matters. Please contact Kate Beukenkamp at 202-551-3861 or Cara Wirth at
202-551-7127
with any other questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Trade &
Services
cc:   Scott E. Linsky

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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