NovelStem Changes Certifying Accountant on Jan 23

TL;DR

**NovelStem changed its auditor, a common event, but keep an eye out for more details.**

AI Summary

NovelStem International Corp. announced on January 23, 2024, that it has changed its certifying accountant. This change is a routine disclosure required by the SEC and indicates a shift in the firm responsible for auditing NovelStem's financial statements. For investors, this matters because the certifying accountant plays a crucial role in ensuring the accuracy and reliability of the company's financial reports, which are essential for making informed investment decisions.

Why It Matters

A change in auditors can sometimes signal underlying issues, but in this case, the filing provides no specific reasons, suggesting it may be a standard business decision. Investors should monitor future filings for any further details.

Risk Assessment

Risk Level: low — This filing simply reports a change in the company's certifying accountant, which is a common administrative event and does not inherently indicate significant risk.

Analyst Insight

Investors should note the change in auditors and review future filings, specifically the next annual report (10-K), to identify the new auditor and ensure there are no disclosed disagreements or adverse opinions that could impact financial statement reliability.

Key Players & Entities

• NovelStem International Corp. (company) — the registrant filing the 8-K
• January 23, 2024 (date) — date of earliest event reported
• Florida (company) — state of incorporation for NovelStem International Corp.
• 001-14332 (dollar_amount) — Commission File Number
• 65-0385686 (dollar_amount) — I.R.S. Employer Identification No.

FAQ

Filing Documents

• form8-k.htm (8-K) — 34KB
• 0001493152-24-003501.txt ( ) — 197KB
• nstm-20240123.xsd (EX-101.SCH) — 3KB
• nstm-20240123_lab.xml (EX-101.LAB) — 33KB
• nstm-20240123_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 23, 2024 NOVELSTEM INTERNATIONAL CORP. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) florida (STATE OR OTHER JURISDICTION OF INCORPORATION) 001-14332 65-0385686 (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.) 2255 Glades Road , Ste. 221A Boca Raton , FL 33431 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (410) 598-9024 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Exchange Act: Title of each class Trading Symbol(s) Name of each exchange on which registered None None None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 4.01. Changes in Registrant's Certifying Accountant. On January 22, 2024, the Board of Directors of Novelstem International Corp. (the "Company") approved the appointment of Kreit & Chiu CPA LLP ("K&C") as the Company's new independent registered public accounting firm, effective immediately, to perform independent audit services for the fiscal year ending December 31, 2023. During the fiscal years ended December 31, 2023, 2022 and 2021 and through January 22, 2024, neither the Company, nor anyone on its behalf, consulted K&C regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report or oral advice was provided to the Company by K&C that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a "reportable event" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K). SIGNATURE 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. NOVELSTEM INTERNATIONAL CORP. Date: January 23, 2024 By: /s/ Jan Loeb Jan Loeb Executive Chairman

View Full Filing

View this 8-K filing on SEC EDGAR