Red Cat Holdings Files 8-K: Accountant Change & Exhibits
Ticker: RCAT · Form: 8-K · Filed: May 8, 2024 · CIK: 748268
| Field | Detail |
|---|---|
| Company | Red Cat Holdings, Inc. (RCAT) |
| Form Type | 8-K |
| Filed Date | May 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, financial-statements, exhibits
Related Tickers: RCAT
TL;DR
RCAT auditor change filed 8-K, financial docs included.
AI Summary
Red Cat Holdings, Inc. filed an 8-K on May 8, 2024, reporting changes in its certifying accountant as of May 6, 2024. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a change in Red Cat Holdings' auditor, which could signal a shift in financial reporting or internal controls.
Risk Assessment
Risk Level: low — The filing is procedural, reporting a change in auditor and submitting financial exhibits, with no immediate negative financial implications.
Key Players & Entities
- Red Cat Holdings, Inc. (company) — Registrant
- May 6, 2024 (date) — Earliest event date
- May 8, 2024 (date) — Filing date
FAQ
What is the primary reason for the 8-K filing?
The primary reason for the 8-K filing is to report changes in the registrant's certifying accountant and to include financial statements and exhibits.
What is the exact date of the earliest event reported in the filing?
The date of the earliest event reported is May 6, 2024.
When was the 8-K form filed with the SEC?
The 8-K form was filed on May 8, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 15 Ave. Munoz Rivera Ste 2200, San Juan, PR.
What is Red Cat Holdings, Inc.'s IRS Employer Identification Number?
Red Cat Holdings, Inc.'s IRS Employer Identification Number is 88-0490034.
Filing Stats: 906 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2024-05-08 17:31:10
Key Financial Figures
- $0.001 — h registered Common stock , par value $0.001 RCAT The Nasdaq Capital Market Indi
Filing Documents
- rcat0508form8k.htm (8-K) — 29KB
- 0001554795-24-000113.txt ( ) — 199KB
- rcat-20240506.xsd (EX-101.SCH) — 3KB
- rcat-20240506_lab.xml (EX-101.LAB) — 33KB
- rcat-20240506_pre.xml (EX-101.PRE) — 22KB
- rcat0508form8k_htm.xml (XML) — 4KB
01 Changes in Registrant's Certifying
Item 4.01 Changes in Registrant's Certifying Accountant On May 3, 2024, the Securities and Exchange Commission (the "Commission") entered an order instituting settled administrative and cease-and-desist proceedings against BF Borgers CPA PC ("BF Borgers") and its sole audit partner, Benjamin F. Borgers CPA, permanently barring Mr. Borgers and BF Borgers from appearing or practicing before the Commission as an accountant (the "Order"). As a result of the Order, BF Borgers may no longer serve as the independent registered public accounting firm for Red Cat Holdings, Inc. (the "Company"), nor can BF Borgers issue any audit reports included in Commission filings or provide consents with respect to audit reports. In light of the Order, effective as of May 6, 2024, the Company's audit committee unanimously approved the decision to dismiss BF Borgers as the Company's independent registered public accounting firm. BF Borgers' reports on the financial statements of the Company for the fiscal years ended April 30, 2023 and 2022 did not contain an adverse opinion or disclaimer of opinion, nor were they modified or qualified as to uncertainty, audit scope or accounting principles except that BF Borgers' reports on the financial statements of the Company for the fiscal years ended April 30, 2023 and 2022 contained the following paragraph: "The accompanying financial the Company has suffered recurring losses from operations that raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." There have been no "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) and no "reportable event" occurred (as that term
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. RED CAT HOLDINGS, INC. Dated: May 8, 2024 By: /s/ Jeffrey Thompson Name: Jeffrey Thompson Title: Chief Executive Officer