Spencer G. Feldman
Tel. (212) 801-9221
Fax. (212) 801-6400
feldmans@gtlaw.com
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: | Ms. Amanda McManus |
Branch Chief
Division of Corporation Finance
Re: | Odyne Corporation - Registration Statement |
on Form S-1/A (No. 333-148247)
for Registration of Shares of Common Stock
Ladies and Gentlemen:
On behalf of our client, Odyne Corporation, in response to our telephone call with the staff earlier today, we are setting forth below a calculation of Odyne’s non-affiliate public float and the number of shares to be included in the captioned Registration Statement.
Total Outstanding Shares of Common Stock (as of January 28, 2008) | 22,101,448 | ALBANY AMSTERDAM ATLANTA BOCA RATON BOSTON BRUSSELS* CHICAGO DALLAS DELAWARE DENVER FORT LAUDERDALE HOUSTON LAS VEGAS LONDON* LOS ANGELES MIAMI MILAN* NEW JERSEY NEW YORK ORANGE COUNTY, CA ORLANDO PHILADELPHIA PHOENIX ROME* SACRAMENTO SILICON VALLEY TALLAHASSEE TAMPA TOKYO* TYSONS CORNER WASHINGTON, D.C. WEST PALM BEACH ZURICH *Strategic Alliance Tokyo Office/Strategic Alliance | ||||||||
Less Number of Shares held by Affiliates | ||||||||||
· J. Hauser | 1,842,259 | |||||||||
· C. Sfakianos | 3,378,740 | |||||||||
· J. Ambrosio | 3,231,194 | |||||||||
· A. Tannenbaum | 250,000 | |||||||||
· S. Struble | 27,500 | |||||||||
Total | 8,729,693 | |||||||||
Public Float | 13,371,755 | |||||||||
Shares to be Included in Registration Statement (1/3 of Public Float) | 4,457,252 | |||||||||
Shares to be Registered by Holder | ||||||||||
Original | Revised | |||||||||
AT Holdings I, LLC | 1,483,334 | 340,380 | ||||||||
Avrum Lewittes | 1,186,668 | 272,304 | ||||||||
Matrix U.S.A., LLC | 437,500 | 100,393 | ||||||||
Robert Meyer | 1,483,334 | 340,380 | ||||||||
George L. Noble | 2,966,667 | 680,759 | ||||||||
The Quercus Trust | 11,866,667 | 2,723,036 | ||||||||
19,424,170 | 4,457,252 | www.gtlaw.com |
Shortly following the submission of this letter, Odyne will be filing its Form S-1/A (with the disclosure format of Form SB-2), reflecting a reduction in the number of shares of common stock being registered by Odyne from 19,424,170 shares to 4,457,252 shares.
A request for acceleration of the effectiveness of the Registration Statement to 4:00 p.m. on February 12, 2008, will be submitted by Odyne as soon as the SEC has reviewed this letter and the Form S-1/A and has advised Odyne that no further issues remain outstanding. No preliminary prospectus was circulated by Odyne.
* * *
Should any member of the staff have any questions concerning this letter or desire any further information or clarification, please do not hesitate to contact Joshua A. Hauser, President and Chief Operating Officer, or Daniel Bartley, Chief Financial Officer, of Odyne, at (631) 750-1010, or me at (212) 801-9221.
Very truly yours,
/s/ Spencer G. Feldman
Spencer G. Feldman
cc: | Mr. Joshua A. Hauser |
Mr. Daniel Bartley
Odyne Corporation
Daniel H. Morris, Esq.
Attorney-Advisor
Division of Corporation Finance
(fax: 202/772-9202)