# EDGAR Filing Document

**Accession Number:** 0001934245
**File Stem:** 0000000000-23-000606
**Filing Date:** 2023-1
**Character Count:** 13951
**Document Hash:** 55bb79845567b84ca1c748081ae07663
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000606.hdr.sgml**: 20230912

**ACCESSION NUMBER**: 0000000000-23-000606

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230119

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sacks Parente Golf, Inc.
- **CENTRAL INDEX KEY:** 0001934245
- **STANDARD INDUSTRIAL CLASSIFICATION:** [3949]
- **IRS NUMBER:** 824938288
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 551 CALLE SAN PABLO
- **CITY:** CAMARILLO
- **STATE:** CA
- **ZIP:** 93012
- **BUSINESS PHONE:** 833-776-6659

**MAIL ADDRESS:**
- **STREET 1:** 551 CALLE SAN PABLO
- **CITY:** CAMARILLO
- **STATE:** CA
- **ZIP:** 93012
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-017641

## Text-Extract

```

United States securities and exchange commission logo

                             January 19, 2023

       Akinobu Yorihiro
       Chief Technology Officer
       Sacks Parente Golf, Inc.
       551 Calle San Pablo
       Camarillo, CA 93012

                                                        Re: Sacks Parente Golf,
Inc.
                                                            Amendment No. 3 to
Registration Statement on Form S-1
                                                            Filed January 10,
2023
                                                            File No. 333-266610

       Dear Akinobu Yorihiro:

             We have reviewed your amended registration 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 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.
Unless we note
       otherwise, our references to prior comments are to comments in our
December 19, 2022 letter.

       Form S-1/A Filed on January 10, 2023

       Prospectus Summary
       Risks Associated with our Business, page 7

   1.                                                   We note your disclosure
that the Company "may not maintain the listing of our Common
                                                        Stock on the Nasdaq
which could limit investors' ability to make transactions in our
                                                        Common Stock and
subject us to additional trading restrictions." Please revise in light of
                                                        your disclosure that
the offering is contingent on your Company's Nasdaq listing status.
       Prospectus Summary
       Forward Stock Split, page 8

   2.                                                   We note your response
and revised disclosure to prior comment 4. Please provide the
 Akinobu Yorihiro
FirstName  LastNameAkinobu    Yorihiro
Sacks Parente Golf, Inc.
Comapany
January 19,NameSacks
            2023       Parente Golf, Inc.
January
Page 2 19, 2023 Page 2
FirstName LastName
         following:
             On pages 8, 10 and F-31, you disclose that all share and per share
information in this
              prospectus (other than in the historical financial statements
included herein beginning
              at page F-1) has been adjusted to reflect the forward stock split
of the authorized and
              outstanding common stock. Give that the forward stock split will
occur after the
              effectiveness of your registration statement, please note that it
is not appropriate to
              adjust all share and per share per share information. Please
revise your disclosure
              instead to indicate that you have provide pro forma disclosures
to show the impact of
              the forward stock split;
             On page 10 under Selected Summary Consolidated Financial Data, it
appears that you
              have included both historical and pro forma net loss per share,
basic and diluted and
              weighted average shares used. However, it is not clear what the
pro forma amounts
              represent. Please revise your disclosure to include a footnote
that explains what the
              pro forma amounts represent. Please also include the pro forma
net loss per share,
              basic and diluted and weighted average shares used to also show
the impact of the
              offering for the most recent fiscal year end and interim period
presented. Additional,
              please provide a note that explains how these amounts were
calculated;
             On page 33 under Capitalization, you disclose that the number of
shares of Common
              Stock on a pro forma and pro forma as adjusted basis set forth in
the table above is
              based on 14,378,967 shares of our Common Stock outstanding as of
September 30,
              2022, and excluded 748,481 shares of common stock subject to
possible redemption.
              It appears that your pro forma and pro forma as adjusted shares
of 15,127,448 and
              19,571,893 includes the 748,481 shares subject to possible
redemption. Please revise
              your disclosure to correct this inconsistency; and
             On page 34 under Dilution, please revise your disclosure to
include how your
              historical net tangible book value (deficit) per share as of
September 30, 2022 was
              calculated. In addition, the last column of your table does not
appear to foot to the
              total presented. Please revise your table to include the amounts
related to your pro
              forma decrease in net tangible book value per share and pro forma
net tangible book
              value per share under the amount related to historical net
tangible book
              value (deficit) per share as of September 30, 2022. Please also
revise your disclosure
              to state whether your as adjusted net tangible book value per
share immediately after
              this offering includes or excludes the 748,481 shares subject to
possible redemption.
Risk Factors
The market prices and trading volume of our shares of Common Stock may
experience rapid and
substantial price volatility..., page 27

3.       We note your disclosure regarding the risks that may arise from the
publication of
         research reports by analysts or others about you or your
cryptocurrency including the NFT
         industry which may be unfavorable, inaccurate, inconsistent or not
disseminated on a
         regular basis. Please explain the references to your cryptocurrency
and the NFT industry
         and their relevance to your business.
 Akinobu Yorihiro
Sacks Parente Golf, Inc.
January 19, 2023
Page 3
Executive Compensation, page 57

4.       Please update your executive compensation information to reflect the
fiscal year ended
         December 31, 2022.
Certain Relationships and Related Person Transactions, page 58

5.       Please update your disclosure in this section to confirm that you have
included any
         applicable transactions since the beginning of your last fiscal year.
Refer to Item 404 of
         Regulation S-K.
       You may contact Ernest Greene at 202-551-3733 or Kevin Woody at
202-551-3629 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Alex King at 202-551-8631 or Erin Purnell at 202-551-3454 with any
other questions.

FirstName LastNameAkinobu Yorihiro                             Sincerely,
Comapany NameSacks Parente Golf, Inc.
                                                               Division of
Corporation Finance
January 19, 2023 Page 3                                        Office of
Manufacturing
FirstName LastName

```

### 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 19, 2023

Akinobu Yorihiro  
Chief Technology Officer  
Sacks Parente Golf, Inc.  
551 Calle San Pablo  
Camarillo, CA 93012

**Re: Sacks Parente Golf, Inc.**  
**Amendment No. 3 to Registration Statement on Form S-1**  
**Filed January 10, 2023**  
**File No. 333-266610**

Dear Akinobu Yorihiro:

We have reviewed your amended registration 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 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. Unless we note otherwise, our references to prior comments are to comments in our December 19, 2022 letter.

Form S-1/A Filed on January 10, 2023

Risks Associated with our Business, page 7

1. We note your disclosure that the Company 'may not maintain the listing of our Common Stock on the Nasdaq which could limit investors' ability to make transactions in our Common Stock and subject us to additional trading restrictions.' Please revise in light of your disclosure that the offering is contingent on your Company's Nasdaq listing status.

Forward Stock Split, page 8

2. We note your response and revised disclosure to prior comment 4. Please provide the

Akinobu Yorihiro
Sacks Parente Golf, Inc.
January 19, 2023
Page 2

following:

- On pages 8, 10 and F-31, you disclose that all share and per share information in this prospectus (other than in the historical financial statements included herein beginning at page F-1) has been adjusted to reflect the forward stock split of the authorized and outstanding common stock. Give that the forward stock split will occur after the effectiveness of your registration statement, please note that it is not appropriate to adjust all share and per share per share information. Please revise your disclosure instead to indicate that you have provide pro forma disclosures to show the impact of the forward stock split;
- On page 10 under Selected Summary Consolidated Financial Data, it appears that you have included both historical and pro forma net loss per share, basic and diluted and weighted average shares used. However, it is not clear what the pro forma amounts represent. Please revise your disclosure to include a footnote that explains what the pro forma amounts represent. Please also include the pro forma net loss per share, basic and diluted and weighted average shares used to also show the impact of the offering for the most recent fiscal year end and interim period presented. Additional, please provide a note that explains how these amounts were calculated;
- On page 33 under Capitalization, you disclose that the number of shares of Common Stock on a pro forma and pro forma as adjusted basis set forth in the table above is based on 14,378,967 shares of our Common Stock outstanding as of September 30, 2022, and excluded 748,481 shares of common stock subject to possible redemption. It appears that your pro forma and pro forma as adjusted shares of 15,127,448 and 19,571,893 includes the 748,481 shares subject to possible redemption. Please revise your disclosure to correct this inconsistency; and
- On page 34 under Dilution, please revise your disclosure to include how your historical net tangible book value (deficit) per share as of September 30, 2022 was calculated. In addition, the last column of your table does not appear to foot to the total presented. Please revise your table to include the amounts related to your pro forma decrease in net tangible book value per share and pro forma net tangible book value per share under the amount related to historical net tangible book value (deficit) per share as of September 30, 2022. Please also revise your disclosure to state whether your as adjusted net tangible book value per share immediately after this offering includes or excludes the 748,481 shares subject to possible redemption.

# Risk Factors

The market prices and trading volume of our shares of Common Stock may experience rapid and substantial price volatility..., page 27

3. We note your disclosure regarding the risks that may arise from the publication of research reports by analysts or others about you or your cryptocurrency including the NFT industry which may be unfavorable, inaccurate, inconsistent or not disseminated on a regular basis. Please explain the references to your cryptocurrency and the NFT industry and their relevance to your business.

Akinobu Yorihiro
Sacks Parente Golf, Inc.
January 19, 2023
Page 3

Executive Compensation, page 57

4. Please update your executive compensation information to reflect the fiscal year ended December 31, 2022.

Certain Relationships and Related Person Transactions, page 58

5. Please update your disclosure in this section to confirm that you have included any applicable transactions since the beginning of your last fiscal year. Refer to Item 404 of Regulation S-K.

You may contact Ernest Greene at 202-551-3733 or Kevin Woody at 202-551-3629 if you have questions regarding comments on the financial statements and related matters. Please contact Alex King at 202-551-8631 or Erin Purnell at 202-551-3454 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing