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Spencer G. Feldman
Tel. (212) 801-9221
Fax. (212) 801-6400
feldmans@gtlaw.com
Paul Fischer, Esq.
Staff Attorney
-and-
Kathleen Krebs, Esq.
Special Counsel
Division of Corporation Finance
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: | KIT digital, Inc. - Registration Statement | ||
on Form S-1 (No. 333-152423) | |||
for Registration of Shares of Common Stock |
Dear Mr. Fischer and Ms. Krebs:
On behalf of our client, KIT digital, Inc., in response to our telephone call on October 13, we are setting forth below a calculation of KIT digital’s non-affiliate public float.
Total Outstanding Shares of Common Stock (as of September 26, 2008) | 114,602,447 | ||||||
Less Number of Shares held by Affiliates | |||||||
· KIT Media Limited | 35,300,000 | ||||||
· KIT Capital, Ltd. | 625,000 | ||||||
(companies controlled by Kaleil Isaza Tuzman) | |||||||
· Gavin Campion | 123,600 | ||||||
· Robin Smyth | 100,000 | ||||||
· Robert Petty | 1,600,000 | ||||||
· Wayne Walker | 39,100 | ||||||
· Kamal El-Tayara | 100,000 | ||||||
· Lars Kroijer | 40,000 | ||||||
Total | 37,927,700 | ||||||
Public Float | 76,674,747 | ||||||
Public Float Percentage | 66.9 | % | |||||
Shares Included in Registration Statement · 39,700,000 outstanding shares · 39,700,000 shares underlying warrants | 79,400,000 | ||||||
Percentage of Total Outstanding* | 51.5% | ||||||
Percentage of Public Float* | 68.2 | % | |||||
______________
*Treating warrant shares as outstanding for purposes of this calculation.
* * *
Should you have any questions concerning this letter or desire any further information or clarification, please do not hesitate to contact Robin Smyth, Chief Financial Officer of KIT digital at (212) 661-4111, or me at (212) 801-9221.
Very truly yours, | ||
| | |
/s/ Spencer G. Feldman | ||
Spencer G. Feldman |
cc: | Mr. Robin Smyth |