DLA Piper LLP (US) 555 Mission St. #2400 San Francisco, California 94105 www.dlapiper.com |
June 30, 2022
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Life Sciences
100 F Street, NE
Washington, D.C. 20549
Attention: Jason L. Drory, Christine Westbrook, Li Xiao and Jeanne Baker
Re: | Brookline Capital Acquisition Corp. |
Amendment No.3 to Registration Statement on Form S-4 |
Filed June 27, 2022 |
File No. 333-264222 |
Dear Mr. Drory, Ms. Westbrook, Ms. Xiao and Ms. Baker:
Set forth below are responses to the comments that were provided by the Commissions staff (the Staff) to our client, Brookline Capital Acquisition Corp. (BCAC or the Company), by your letter dated June 29, 2022 (the Comment Letter), regarding the above-referenced filing.
The text of the comments in the Comment Letter is included in the Companys response for your reference.
In addition to the responses to the Commissions comments, concurrently with the filing of this letter, BCAC will file a revised draft Registration Statement on Form S-4 (the Registration Statement) reflecting amendments to address the Staffs comments below.
Amendment No. 3 to Registration Statement on Form S-4 filed June 27, 2022
General
Comment 1: We note that Brookline Capital Markets was engaged by BCAC to act as financial advisor in connection with the business combination. We note also that Wedbush Securities Inc. was engaged by Apexigen to act as financial advisor in connection with the business combination. We note also that BCAC engaged Wedbush and Brookline Capital Markets to act as the exclusive lead placement agent and co-placement agent respectively for the PIPE investment, but Wedbush subsequently terminated its engagement as the exclusive lead placement agent. We note press reports that certain firms are ending their involvement in SPAC business combination transactions. Please tell us, with a view to disclosure, whether you have received notice from any of your or Apexigens financial advisor(s) about it ceasing involvement in your transaction and how that may impact your deal.
Response: In response to the Staffs comment, the Company confirms that it has not received notice from either its or Apexigens financial advisors regarding any intent to cease involvement in the business combination transaction.
Comment 2: We note the Wedbush terminated its engagement letter with BCAC to act as exclusive lead placement agent for the PIPE financing on January 26, 2022. Please clarify the reasons for Wedbushs resignation as exclusive lead placement agent for the PIPE financing. In addition, please disclose any fees paid or due to Wedbush in connection with its role as a financial advisor to Apexigen. If any of these fees will be forfeited by their resignation, please revise to disclose this information.
Response: The Company has revised the Form S-4 on pages 148 and 307 as requested by the Staff.
June 30, 2022
Page 2
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The Company and its management acknowledge they are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the Staff.
If you have any questions regarding the matters discussed above, please telephone the undersigned, outside counsel to the Company, at (415) 615-6095 or via email at Jeffrey.Selman@us.dlapiper.com.
Sincerely,
/s/ Jeffrey Selman
Jeffrey Selman
cc: Samuel P. Wertheimer
Enclosures