# EDGAR Filing Document

**Accession Number:** 0002033264
**File Stem:** 0001641172-25-013818
**Filing Date:** 2025-6
**Character Count:** 4230
**Document Hash:** 543bd59d6417292851b55a6712871648
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-013818.hdr.sgml**: 20250909

**ACCESSION NUMBER**: 0001641172-25-013818

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250605

**FILER**: 

**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:** CORRESP

**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

**Vertical Data Inc.**

**1980 Festival Plaza Drive, Suite 300**

**Las Vegas, NV 89135**

June 5, 2025

Kate Beukenkamp

U.S. Securities & Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

---

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

---

Dear Ms. Beukenkamp:

By letter dated June 3, 2025, the staff (the "<u>Staff</u>," "<u>you</u>" or "<u>your</u>") of the U.S. Securities & Exchange Commission (the "<u>Commission</u>") provided Vertical Data Inc. (the "<u>Company</u>," "<u>we</u>," "<u>us</u>" or "<u>our</u>") with its comments to the Company's Amendment No. 3 to the Registration Statement on Form S-1 filed May 22, 2025. We are in receipt of your letter and set forth below are the Company's responses to the Staff's comments. For your convenience, the comments are listed below, followed by the Company's responses.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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, 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."

**Response:** We have added disclosure regarding the risks associated with the lack of formal contractual vendor agreements on page 2 and a related risk factor on page 13 of Amendment No. 4 to Registration Statement on Form S-1/A filed herewith.

Additionally, we note that none of the vendors are related parties; therefore, we have not made any changes to the "Certain Relationships and Related Party Transactions" section.

Thank you for the opportunity to respond to your comment on the Registration Statement. If you have additional questions or comments, please contact me at <u>Deven@verticaldata.io</u> or 702-613-2328.

Very truly yours,

*/s/ Devon Soni*

Devon Soni

President and Chief Executive Officer

Vertical Data Inc.

1980 Festival Plaza Drive, Suite 300

Las Vegas, NV 89135