United States securities and exchange commission logo
May 14, 2020
Adam Stone
Chief Executive Officer
ARYA Sciences Acquisition Corp III
51 Astor Place, 10th Floor
New York, New York 10003
Re: ARYA Sciences
Acquisition Corp III
Draft Registration
Statement on Form S-1
Submitted April 17,
2020
CIK 0001808805
Dear Mr. Stone:
We have reviewed your draft registration statement and have the
following comment. In
our comment, we may ask you to provide us with information so we may
better understand your
disclosure.
Please respond to this letter by providing the requested
information and either submitting
an amended draft registration statement or publicly filing your
registration statement on
EDGAR. If you do not believe our comment applies to your facts and
circumstances or do not
believe an amendment is appropriate, please tell us why in your
response.
After reviewing the information you provide in response to this
comment and your
amended draft registration statement or filed registration statement, we
may have additional
comments.
Draft Registration Statement on Form S-1 filed April 17, 2020
Description of Securities
Founder Shares, page 112
1. We note your disclosure
on page 112 that holders of your Class B common stock will
have the right to elect
all of your directors prior to your initial business combination.
Please disclose whether
the company will be a controlled company as defined under
Nasdaq's rules and
discuss the the corporate governance exemptions that Nasdaq provides
to a controlled
company. If applicable, include risk factor disclosure.
Adam Stone
ARYA Sciences Acquisition Corp III
May 14, 2020
Page 2
You may contact Paul Cline at 202-551-3851 or Kristina Marrone at
202-551-3429 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Michael Killoy at 202-551-7576 or Pam Long at 202-551-3765 with any
other questions.
FirstName LastNameAdam Stone Sincerely,
Comapany NameARYA Sciences Acquisition Corp III
Division of
Corporation Finance
May 14, 2020 Page 2 Office of Real Estate
& Construction
FirstName LastName