Paltalk Changes Auditors to Citrin Cooperman

TL;DR

Paltalk swapped auditors from WithumSmith+Brown to Citrin Cooperman, no drama reported.

AI Summary

Paltalk, Inc. announced on March 18, 2024, that it has appointed a new independent registered public accounting firm, Citrin Cooperman & Co., LLP, to serve as its principal accountant. This change follows the resignation of the company's former independent registered public accounting firm, WithumSmith+Brown, PC, effective March 15, 2024. The company stated that the decision to change accountants was not a result of any disagreements or reportable events.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor.

Risk Assessment

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

Key Players & Entities

• Paltalk, Inc. (company) — Registrant
• Citrin Cooperman & Co., LLP (company) — Newly appointed independent registered public accounting firm
• WithumSmith+Brown, PC (company) — Resigned independent registered public accounting firm
• March 18, 2024 (date) — Date of the event
• March 15, 2024 (date) — Effective date of auditor resignation

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value PALT The Nasdaq Capital M

Filing Documents

• ea0201670-8k_paltalk.htm (8-K) — 31KB
• ea0201670ex16-1_paltalk.htm (EX-16.1) — 4KB
• 0001213900-24-025138.txt ( ) — 205KB
• palt-20240318.xsd (EX-101.SCH) — 3KB
• palt-20240318_lab.xml (EX-101.LAB) — 33KB
• palt-20240318_pre.xml (EX-101.PRE) — 22KB
• ea0201670-8k_paltalk_htm.xml (XML) — 4KB

01 Changes in Registrant's Certifying

Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Previous Independent Registered Public Accounting Firm On March 18, 2024, the Audit Committee (the " Committee ") of the Board of Directors of Paltalk, Inc. (the " Company ") approved the dismissal of Marcum LLP (" Marcum ") as the Company's independent registered public accounting firm, effective immediately, and informed Marcum of such dismissal on the date thereof. The reports of Marcum on the Company's consolidated financial statements for the two most recent fiscal years, ended December 31, 2022 and 2023, 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. During the Company's two most recent fiscal years, ended December 31, 2022 and 2023, and the subsequent interim period through March 18, 2024, (i) there were no "disagreements", as defined in Item 304(a)(1)(iv) of Regulation S-K, with Marcum 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 Marcum, would have caused Marcum to make reference to the subject matter of the disagreements in connection with its reports on the Company's consolidated financial statements for such period, and (ii) there were no "reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided Marcum with a copy of the disclosures in this Current Report on Form 8-K and requested that Marcum furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Company's statements herein. A copy of such letter, which is dated March 22, 2024, is attached as Exhibit 16.1 to this Current Report on Form 8-K. (b) Appointment of New Independent Registered Public Accounting Firm On March 18, 2024, the Committee approved the engagement of Grassi & Co., C

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Letter dated March 22, 2024 from Marcum LLP to the Securities and Exchange Commission. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1

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. Date: March 22, 2024 PALTALK, INC. By: /s/ Jason Katz Jason Katz Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR