<SEC-DOCUMENT>0001065949-20-000173.txt : 20210420
<SEC-HEADER>0001065949-20-000173.hdr.sgml : 20210420
<ACCEPTANCE-DATETIME>20201217154919
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001065949-20-000173
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20201217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sandy Springs Holdings, Inc.
		CENTRAL INDEX KEY:			0001829311
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				843986354
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2030 POWERS FERRY ROAD SE
		STREET 2:		SUITE #212
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339
		BUSINESS PHONE:		404-816-8240

	MAIL ADDRESS:	
		STREET 1:		2030 POWERS FERRY ROAD SE
		STREET 2:		SUITE #212
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339
</SEC-HEADER>
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<P STYLE="font: 18pt Castellar,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Castellar,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sandy
Springs Holdings, Inc.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">www.sandyspringsholdings.com</FONT></P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">December
17, 2020</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">United
State Securities and Exchange Commission</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Division
of Corporation Finance</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">100 F.
Street, N.E.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Washington,
DC 20549</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Attn:
&#9;Peter McPhun, Isaac Esquivel, Ruairi Regan, and David Link</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">Re.:&nbsp;</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal"></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Sandy
Springs Holdings, Inc.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 206.4pt 0 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Registration
Statement on Form 10-12G Filed October 27, 2020</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>File
No. 000-56220</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Via:&#9;
Edgar</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dear SEC
Division of Corporate Finance:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
are filing this letter and exhibit in response to your recent review letter addressed to Erik Nelson, Chief Executive Officer
of Sandy Springs Holdings, Inc. (the &ldquo;Company&rdquo;), dated November 23, 2020 (the &ldquo;SEC Letter&rdquo;). This response
letter addresses the concerns you have expressed.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15in 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Form
10-12G filed October 27, 2020</U></FONT></P>

<P STYLE="font: 12pt/103% Times New Roman, Times, Serif; margin: 0.15in 5.75pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Audited
Financial Statements for the Year Ended August 31, 2020 and the Period Ended July 15, 2020, page F-1</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.55pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.45pt"></TD><TD STYLE="width: 35.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 10.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We
                                         note that you provide audited financial statements as of August 31, 2020 and July <FONT STYLE="letter-spacing: -0.3pt">15,
                                         </FONT>2020 and for the period from July 16, 2020 (inception) through August 31, 2020.
                                         We further note from your disclosure in Note 1 to your consolidated financial statements
                                         that Sandy Springs Holdings, Inc. was formed as part of a reorganization that occurred
                                         as a result of a merger with RESS Merger Corporation and RESS of Delaware, which are
                                         all related companies controlled by Erik Nelson, CEO and President. Please explain to
                                         us <FONT STYLE="letter-spacing: -0.3pt">in </FONT>detail how you accounted for the reorganization
                                         and tell us how you considered the guidance in ASC 250-10 and ASC 805-50 as it relates
                                         to your financial statement presentation.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/103% Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
have reviewed the guidance of ASC 250-10-45-21 and ASC 805-50 and do not believe that there has been any change in reporting entity,
or business combination. It is our position that Sandy Springs Holdings, Inc. (&ldquo;<I>SSHI</I>&rdquo;) is a validly formed
new corporation with no predecessors. Our accounting reflects the formation of SSHI on July 15, 2020, with a short period year
ending August 31, 2020.</FONT></P>

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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2030
Powers Ferry RD SE Suite # 212 Atlanta GA 30339 (404)-816-8240 Fax (404)-816-8830</FONT></P>



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<P STYLE="font: 18pt Castellar,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sandy
Springs Holdings, Inc.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">www.sandyspringsholdings.com</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Per
the Ernest and Young Financial reporting developments guide <I>&ldquo;Accounting changes and error corrections&rdquo; </I>dated
May 2020:</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Common
examples of an accounting change that is a change in reporting entity are mainly limited to the following:</I></FONT></P>

<P STYLE="font: 12pt EYInterstate Light; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>1.</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Presenting
                                         consolidated or combined financial statements in place of financial statements of individual
                                         entities </I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>2.</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Changing
                                         specific subsidiaries that make up the group of entities for which consolidated financial
                                         statements are presented </I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>3.</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Changing
                                         the entities included in combined financial statements </I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">None
of these elements are present in the SSHI formation. Therefore no retrospective application to the financial statements of all
prior periods to show financial information for new reporting entity, is required</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Very
truly yours,</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">/s/
Erik Nelson</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Erik
Nelson,</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">President</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 11pt/103% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2030
Powers Ferry RD SE Suite # 212 Atlanta GA 30339 (404)-816-8240 Fax (404)-816-8830</FONT></P>

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