Groove Botanicals Changes Certifying Accountant to BDO USA

TL;DR

Groove Botanicals swapped accountants from Weaver and Tidwell to BDO USA, no drama reported.

AI Summary

Groove Botanicals Inc. announced on May 8, 2024, that it has changed its certifying accountant to BDO USA, P.A. This change follows the resignation of its previous accountant, Weaver and Tidwell, L.L.P., effective May 3, 2024. The company stated that the decision was not due to any disagreements with Weaver and Tidwell.

Why It Matters

A change in a company's auditor can signal potential shifts in financial reporting scrutiny or internal control assessments.

Risk Assessment

Risk Level: low — The filing is a routine change of auditor and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• Groove Botanicals Inc. (company) — Registrant
• BDO USA, P.A. (company) — New Certifying Accountant
• Weaver and Tidwell, L.L.P. (company) — Former Certifying Accountant
• May 8, 2024 (date) — Date of announcement
• May 3, 2024 (date) — Effective date of resignation

FAQ

Filing Documents

• eps11295.htm (8-K) — 25KB
• 0001171520-24-000195.txt ( ) — 192KB
• grve-20240503.xsd (EX-101.SCH) — 3KB
• grve-20240503_lab.xml (EX-101.LAB) — 33KB
• grve-20240503_pre.xml (EX-101.PRE) — 22KB
• eps11295_htm.xml (XML) — 3KB

01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT On May 8, 2024, the Board of Directors of Groove Botanicals Inc. (the "Company") approved the dismissal of BF Borgers CPA PC ("BF Borgers") as the Company's independent registered public accounting firm. On May 3, 2024, the Securities and Exchange Commission (the "SEC") announced that it had settled charges against BF Borgers that it failed to conduct audits in accordance with the standards of the Public Company Accounting Oversight Board (the "PCAOB"). As part of the settlement, BF Borgers agreed to a permanent ban on appearing or practicing before the SEC (the "Ban"). As a result of BF Borgers' settlement with the SEC, the Company dismissed BF Borgers as its independent accountant. The Board of Directors is in the process of engaging a new public accounting firm and will provide an updated disclosure as soon as that occurs. The reports of BF Borgers on the Company's consolidated financial statements for the fiscal years ended March 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles other than an explanatory paragraph relating to the Company's ability to continue as a going concern. The Company had not yet engaged a report from BF Borgers for our fiscal year ended March 31, 2024 as of the date of the Ban. During the fiscal years ended March, 2023 and 2022, and through the date of termination, May 8, 2024, there were no "disagreements" with BF Borgers 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 BF Borgers would have caused BF Borgers to make reference thereto in its reports on the consolidated financial statement for such years. During the fiscal years ended March 31, 2023 and 2022, and through May 8, 2024, there have been no "reportable events" (as defined in

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Groove Botanicals Inc. (Registrant) Date: May 9, 2024 /s/ Kent Rodriguez (Signature) Name: Kent Rodriguez Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR