Crown Electrokinetics Corp. Changes Independent Accountant

TL;DR

CRKN swapped accountants, no new one named yet.

AI Summary

Crown Electrokinetics Corp. announced on August 13, 2024, a change in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Sadler, Gibb & Associates, LLC, effective August 13, 2024. Crown Electrokinetics Corp. has not yet appointed a new independent registered public accounting firm.

Why It Matters

A change in auditor can sometimes signal underlying issues with financial reporting or internal controls, potentially impacting investor confidence.

Risk Assessment

Risk Level: medium — A change in auditor, especially without a replacement immediately identified, can raise concerns about financial reporting quality and internal controls.

Key Players & Entities

• Crown Electrokinetics Corp. (company) — Registrant
• Sadler, Gibb & Associates, LLC (company) — Dismissed independent registered public accounting firm
• August 13, 2024 (date) — Date of dismissal of accountant

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common Stock, $0.0001 par value CRKN NASDAQ Capital Market

Filing Documents

• crkn-20240813.htm (8-K) — 28KB
• 0001761696-24-000064.txt ( ) — 153KB
• crkn-20240813.xsd (EX-101.SCH) — 2KB
• crkn-20240813_lab.xml (EX-101.LAB) — 22KB
• crkn-20240813_pre.xml (EX-101.PRE) — 13KB
• crkn-20240813_htm.xml (XML) — 3KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. On August 13, 2024, Crown Electrokinetics Corp., a Delaware corporation (the "Company"), approved the dismissal of Marcum LLP ("Marcum") as the Company's independent registered public accounting firm. The termination of the engagement of Marcum was approved by the Company's audit committee. Marcum had served as the Company's independent registered public accounting firm since 2017. The reports of Marcum on the consolidated financial statements of the Company as of and for the fiscal years ended December 31, 2023 and 2022 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, with the exception of providing a qualification as to the Company's ability to continue as a going concern. During the Company's two most recent fiscal years and the subsequent interim period through August 13, 2024, there were no disagreements with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Marcum, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. During the Company's two most recent fiscal years and the subsequent interim period through August 13, 2024, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K, except for the material weakness described in Item 9A of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The Company provided Marcum with a copy of the foregoing disclosure and requested Marcum to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy of such letter furnished by Marcum, when received, will be filed as an exhibit to an amendment to this Current R

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 19, 2024 CROWN ELECTROKINETICS CORP. By: /s/ Doug Croxall Name: Doug Croxall Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR