ChromaDex Changes Auditors to BDO USA
Ticker: NAGE · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1386570
| Field | Detail |
|---|---|
| Company | Chromadex Corp. (NAGE) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: CDXC
TL;DR
ChromaDex swapped PwC for BDO as its auditor, effective Oct 8.
AI Summary
On October 8, 2024, ChromaDex Corp. filed an 8-K report to disclose changes in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm and has appointed BDO USA, P.A. as its new auditor. This change is effective immediately.
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 closely.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact investor confidence.
Key Players & Entities
- ChromaDex Corp. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former independent registered public accounting firm
- BDO USA, P.A. (company) — Newly appointed independent registered public accounting firm
- October 8, 2024 (date) — Date of earliest event reported
FAQ
Why was PricewaterhouseCoopers LLP dismissed as ChromaDex's auditor?
The filing states that the dismissal was based on the recommendation of the Audit Committee of the Board of Directors, but does not provide specific reasons for the dismissal.
When did the change in auditors become effective?
The change in certifying accountant was effective as of October 8, 2024.
Has ChromaDex had any disagreements with PricewaterhouseCoopers LLP?
The filing explicitly states that there were no disagreements or reportable events between ChromaDex and PricewaterhouseCoopers LLP.
Will BDO USA, P.A. audit ChromaDex's financial statements for the current or prior periods?
The filing indicates that BDO USA, P.A. has been appointed as the new independent registered public accounting firm, and it is implied they will audit future financial statements, but it does not specify if they will audit prior periods.
What is the address of ChromaDex Corp.'s principal executive offices?
ChromaDex Corp.'s principal executive offices are located at 10900 Wilshire Blvd., Suite 600, Los Angeles, California 90024.
Filing Stats: 675 words · 3 min read · ~2 pages · Grade level 13.7 · Accepted 2024-10-11 16:00:30
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CDXC The Nasdaq Capital Mar
Filing Documents
- cdxc-20241008.htm (8-K) — 27KB
- ex161letterfrommarcumllp.htm (EX-16.1) — 1KB
- ex161letterfrommarcumllp001.jpg (GRAPHIC) — 68KB
- 0001628280-24-042724.txt ( ) — 243KB
- cdxc-20241008.xsd (EX-101.SCH) — 2KB
- cdxc-20241008_lab.xml (EX-101.LAB) — 21KB
- cdxc-20241008_pre.xml (EX-101.PRE) — 12KB
- cdxc-20241008_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On October 8, 2024, Marcum LLP ("Marcum") notified ChromaDex Corporation (the "Company") that it was resigning, effective October 31, 2024, as the independent registered public accounting firm for the Company due to independence concerns relating to Marcum's impending merger with CBIZ Inc., which provides human resources consulting and health insurance brokerage services to the Company. Marcum is not required to obtain, and did not seek, the Company's consent to its decision to resign as the Company's independent registered public accounting firm. As a result, neither the board of directors of the Company (the "Board") nor the Audit Committee of the Board took part in Marcum's decision to provide its notice of resignation. Marcum's audit reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2022 and 2023 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended December 31, 2022 and 2023 and the subsequent interim period through the date of this Current Report on Form 8-K, there were (i) no disagreements 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 them to make reference thereto in connection with their reports on the financial statements for such years and (ii) no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company has requested that Marcum furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated October 11, 2024, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 16.1 Letter from Marcum LLP, dated as of October 11, 2024, addressed to the Securities and Exchange Commission 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. CHROMADEX CORPORATION Dated: October 11, 2024 By: /s/ Robert Fried Name: Robert Fried Chief Executive Officer