Spongetech Delivery Systems, Inc. (fka SPNGQ)

[samsamsamiam]

UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 92478 / July 23, 2021
Admin. Proc. File No. 3-20345
In the Matter of SPONGETECH DELIVERY SYSTEMS, INC.
ORDER TO SHOW CAUSE
The Securities and Exchange Commission (“Commission”) issued an Order Instituting Proceedings (“OIP”) on May 27, 2021, pursuant to Section 12(j) of the Securities Exchange Act of 1934, against respondent Spongetech Delivery Systems, Inc. (“Respondent”).1
On June 24, 2021, the Division of Enforcement filed a Declaration of Gina Joyce, which established that, pursuant to Commission Rule of Practice 141(a)(2)(ii),2 service of the OIP was made on Respondent on June 2, 2021.
As stated in the OIP, Respondent’s answer was required to be filed within ten days of the service of the OIP.3 As of the date of this order, Respondent has not filed an answer. The prehearing conference and hearing are thus continued indefinitely as to Respondent.
Accordingly, Respondent is ORDERED to SHOW CAUSE by August 6, 2021, why the registration of its securities should not be revoked by default due to its failure to file an answer and to otherwise defend this proceeding. When a party defaults, the allegations in the OIP will be deemed to be true and the Commission may determine the proceeding against that party upon consideration of the record without holding a public hearing.
If Respondent fails to respond to this order to show cause, it may be deemed in default, the proceeding may be determined against it, and the registration of its securities may be
revoked.4 Upon review of the filings in response to this order, the Commission will either direct further proceedings by subsequent order or issue a final order resolving the matter.
The parties’ attention is directed to the most recent amendments to the Commission’s Rules of Practice, which took effect on April 12, 2021, and which include new e-filing requirements.5
For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Vanessa A. Countryman Secretary


https://www.sec.gov/litigation/opinions/2021/34-92478.pdf