<SEC-DOCUMENT>0001062993-22-021064.txt : 20230105
<SEC-HEADER>0001062993-22-021064.hdr.sgml : 20230105
<ACCEPTANCE-DATETIME>20221024170717
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-22-021064
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20221024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KWESST Micro Systems Inc.
		CENTRAL INDEX KEY:			0001889823
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		155 TERENCE MATTHEWS CRESCENT, UNIT #1
		CITY:			KANATA
		STATE:			A6
		ZIP:			K2M 2A8
		BUSINESS PHONE:		613-319-0537

	MAIL ADDRESS:	
		STREET 1:		155 TERENCE MATTHEWS CRESCENT, UNIT #1
		CITY:			KANATA
		STATE:			A6
		ZIP:			K2M 2A8
</SEC-HEADER>
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<head>
    <title>KWESST Micro Systems Inc.: CORRESP - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><img src="correspxu001.jpg"></p>
    <p><u><b>SUBMISSION VIA EDGAR</b></u></p>
    <p style="text-align: justify;">October 24, 2022</p>
    <p style="margin-bottom: 0pt; text-align: justify;">Division of Corporation Finance</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Office of Technology</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Securities and Exchange Commission</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">100 F Street, N.E.</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Washington, D.C. 20549</p>
    <p style="margin-top: 0pt; text-align: justify;">Attn: Melissa Kindelan, Christine Dietz, Patrick Faller and Jan Woo</p>
    <p style="margin-bottom: 0pt; text-align: justify; margin-left: 36pt;"><b>Re:<font style="display: inline-block; width: 10pt;">&#160;</font>Responses to the Securities and Exchange Commission</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-left: 36pt;"><b><font style="display: inline-block; width: 25pt;">&#160;</font>Staff Comments dated October 20, 2022, regarding</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-left: 36pt;"><b><font style="display: inline-block; width: 24.5pt;">&#160;</font>KWESST Micro Systems Inc.</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-left: 36pt;"><b><font style="display: inline-block; width: 24.5pt;">&#160;</font>Amendment No. 2 to Registration Statement on Form F-1</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-left: 36pt;"><b><font style="display: inline-block; width: 24.5pt;">&#160;</font>Filed October 5, 2022</b></p>
    <p style="margin-top: 0pt; text-align: justify; margin-left: 36pt;"><b><font style="display: inline-block; width: 24.5pt;">&#160;</font>File No. 333-266897</b></p>
    <p style="text-align: justify;">Dear Sirs and Madams:</p>
    <p style="text-align: justify;">This letter responds to the written comments from the staff (the "<u>Staff</u>") of the Securities and Exchange Commission (the "<u>SEC</u>") set forth in the October 20, 2022, letter regarding the above-referenced Amendment No.2 to the Registration Statement on Form F-1 (the "<u>Registration Statement</u>") of KWESST Micro Systems Inc. (the "<u>Company</u>", "<u>we</u>," "<u>our</u>," or "<u>us</u>") filed on October 5, 2022. For your convenience, the Staff's comments are included below and we have numbered our responses accordingly. Simultaneously with the transmission of this letter, the Company is filing via EDGAR Amendment No. 3 to the Registration Statement on Form F-1 (the "<u>Form F-1/A</u>") responding to the Staff's comments and including certain other revisions and updates.</p>
    <p style="text-align: justify;">Page numbers in the text of the Company's responses correspond to page numbers in the Form F-1/A. Please note that capitalized terms used but not otherwise defined in this letter have the meanings ascribed to such terms in the Form F-1/A.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <div id="header_page_2">
        <p>October 24, 2022<br>Page 2</p>
    </div>
    <p style="text-align: justify;">Our responses are as follows:</p>
    <p style="text-align: justify;"><u>Amendment No. 2 to Registration Statement on Form F-1 filed October 5, 2022</u></p>
    <p style="text-align: justify;"><u>Dilution, page 97</u></p>
    <p style="text-align: justify; margin-top: 0pt;"><b>Staff Comment No. 1.</b><b> </b></p>
    <p style="margin-left: 36pt; text-align: justify;"><b>Please revise to state the historical net tangible book value as of June 30, 2022. </b></p>
    <p style="text-align: justify;">Company's Response:</p>
    <p style="text-align: justify; margin-left: 36pt;">In response to the Staff's comment, we have revised our disclosure on page 97 to state the historical net tangible book value as of June 30, 2022.</p>
    <p style="text-align: justify;"><u>General</u></p>
    <p style="text-align: justify; margin-top: 0pt;"><b>Staff Comment No. 2.</b></p>
    <p style="margin-left: 36pt; margin-bottom: 0pt; text-align: justify;"><b>Please update your financial statements, or file as an exhibit to the filing the necessary </b><b>representations as to why such update is not necessary. Refer to Item 8.A.4 of Form 20-Fand Instruction 2 thereto.</b></p>
    <p style="text-align: justify;">Company's Response:</p>
    <p style="text-align: justify; margin-left: 36pt;">In response to the Staff's comment, we have filed the Representation pursuant to Item 8.A.4 of Form 20-F as Exhibit 99.1 to the Form F-1/A.</p>
    <p style="text-align: center;">*****</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <div id="header_page_3">
        <p>October 24, 2022<br>Page 3</p>
    </div>
    <p style="text-align: justify;">Thank you for your review of the filing. If you should have any questions regarding the response letter, please do not hesitate to contact the undersigned at (613) 319-0537, or Richard Raymer of Dorsey &amp; Whitney LLP, our outside legal counsel at (416) 367-7388.</p>
    <div style="margin-left: 0pt;">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">Sincerely,</td>
            </tr>
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;"><b>KWESST Micro Systems Inc.</b></td>
            </tr>
            <tr>
                <td style="width: 50%; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; vertical-align: bottom; text-align: justify;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 50%; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; vertical-align: bottom; text-align: justify;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 4.8pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 4.8pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify;"><i>/s/ Steve Archambault</i></td>
            </tr>
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">Steve Archambault</td>
            </tr>
            <tr>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">&#160;</td>
                <td style="width: 50%; padding-right: 2.65pt; padding-left: 6.95pt; vertical-align: bottom; text-align: justify;">Chief Financial Officer</td>
            </tr>
        </table>
    </div>
    <p style="text-align: justify;">cc: Richard Raymer, Dorsey &amp; Whitney LLP</p>
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