Home Tax News GENESIS GROWTH TECH ACQUISITION CORP. : Changes in Registrant’s Certifying Accountant, Financial Statements and Exhibits (form 8-K) | Market Screener

GENESIS GROWTH TECH ACQUISITION CORP. : Changes in Registrant’s Certifying Accountant, Financial Statements and Exhibits (form 8-K) | Market Screener

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GENESIS GROWTH TECH ACQUISITION CORP.  : Changes in Registrant’s Certifying Accountant, Financial Statements and Exhibits (form 8-K) |  Market Screener

Item 4.01 Changes in Registrant’s Certifying Accountant.

(a) Resignation of Independent Registered Public Accounting Firm

on April 12, 2023, Citrin Cooperman & Company, LLP (“Citrin”) resigned as the independent registered public accounting firm of Genesis Growth Tech Acquisition Corp. (the “Company”) effectively immediately.

Citrin audited the Company’s financial statements as of December 31, 2021and for the period from March 17, 2021 through December 31, 2021, The report of Citrin on such financial statements contained an explanatory paragraph which noted that there was substantial doubt as to the Company’s ability to continue as a going concern. The report of Citrin on such financial statements of the Company did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, except for the going concern matter.

During the period from March 17, 2021 through December 31, 2021and through the interim period ended September 30, 2022through April 12, 2023there were no disagreements between the Company and Citrin on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Citrin, would have caused Citrin to make reference to the subject matter of the disagreements in connection with its audit report on the company’s financial statements.

During the period from March 17, 2021 through December 31, 2021and the interim period ended September 30, 2022through April 12, 2023Citrin did not advise the Company of any reportable events specified in Item 304(a)(1)(v) of Regulation SK with respect to the Company, except for the material weakness in the Company’s internal control over financial reporting previously disclosed in the Company’s Form 10-Q/A (Amendment No. 1) for the quarterly period ended June 30, 2022 and Form 10-Q for the quarterly period ended September 30, 2022, Management identified a material weakness in the Company’s internal control over financial reporting relating to their controls around the approval process of the Company’s financial statements which was not effectively designed and maintained. The Audit Committee has discussed the material weakness with Citrin.

The Company provided Citrin with the disclosure under Item 4.01 of this Current Report on Form 8-K prior to filing it with the SEC and requested Citrin to furnish to the Company a letter addressed to the SEC stating whether it agrees with the statements made in this Item 4.01. A copy of Citrin’s letter, dated
April 17, 2023is attached as Exhibit 16.1 to this Current Report on Form 8-K.

(b) New Independent Registered Public Accounting Firm

on April 14, 2023, MaloneBailey, LLP (“MaloneBailey”) was engaged as the Company’s independent registered public accounting firm for the audit of the Company’s annual report on Form 10-K for the year ended December 31, 2022, During the company’s fiscal year ended December 31, 2022 and the period from
March 17, 2021 through December 31, 2021 and the subsequent interim period through April 14, 2023MaloneBailey was not consulted on any matters identified within Item 304(a)(2) of Regulation SK.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.




Exhibit No.                                   Description
16.1            Letter of Citrin Cooperman & Company, LLP dated April 17, 2023
104           Cover Page Interactive Data File (embedded within the Inline XBRL document).




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