Agrify Changes Auditors to CohnReznick LLP
Ticker: RYM · Form: 8-K · Filed: Jun 26, 2024 · CIK: 1800637
| Field | Detail |
|---|---|
| Company | Agrify Corp (RYM) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Agrify swapped auditors from WithumSmith+Brown to CohnReznick LLP, effective June 20, 2024.
AI Summary
Agrify Corporation announced on June 20, 2024, that it has appointed a new independent registered public accounting firm, CohnReznick LLP, to serve as its principal accountant. This change follows the resignation of its former auditor, WithumSmith+Brown, PC, effective June 18, 2024. The company stated that the decision to change auditors was not a result of any disagreements or reportable events.
Why It Matters
A change in auditors can sometimes signal underlying financial issues or a desire for a fresh perspective on financial reporting, which could impact investor confidence.
Risk Assessment
Risk Level: medium — Changing auditors, especially if it follows a period of financial scrutiny or restatement, can introduce uncertainty and potential risks related to financial reporting accuracy.
Key Players & Entities
- Agrify Corporation (company) — Registrant
- CohnReznick LLP (company) — New independent registered public accounting firm
- WithumSmith+Brown, PC (company) — Former independent registered public accounting firm
- June 20, 2024 (date) — Effective date of auditor change
- June 18, 2024 (date) — Effective date of former auditor's resignation
FAQ
Who is Agrify Corporation's new independent registered public accounting firm?
Agrify Corporation's new independent registered public accounting firm is CohnReznick LLP.
When did the change in auditors become effective?
The change in auditors became effective on June 20, 2024.
Who was Agrify Corporation's previous independent registered public accounting firm?
Agrify Corporation's previous independent registered public accounting firm was WithumSmith+Brown, PC.
When did WithumSmith+Brown, PC resign as Agrify Corporation's auditor?
WithumSmith+Brown, PC resigned as Agrify Corporation's auditor effective June 18, 2024.
Were there any disagreements leading to the change in auditors?
No, the company stated that the decision to change auditors was not a result of any disagreements or reportable events.
Filing Stats: 863 words · 3 min read · ~3 pages · Grade level 13.9 · Accepted 2024-06-26 16:15:10
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share AGFY Nasdaq Capital Marke
Filing Documents
- ea0208490-8k_agrify.htm (8-K) — 30KB
- ea020849001ex16-1_agrify.htm (EX-16.1) — 2KB
- 0001213900-24-056178.txt ( ) — 202KB
- agfy-20240620.xsd (EX-101.SCH) — 3KB
- agfy-20240620_lab.xml (EX-101.LAB) — 33KB
- agfy-20240620_pre.xml (EX-101.PRE) — 22KB
- ea0208490-8k_agrify_htm.xml (XML) — 4KB
01. Change
Item 4.01. Change in Registrant's Certifying Accountant. (a) The Audit Committee of the Board of Directors (the "Board") of Agrify Corporation (the "Company") annually considers and recommends to the Board the selection of independent public accountants. Marcum LLP ("Marcum") has served as the Company's independent auditors since 2020. In May 2024, the Board determined that it would be in the best interests of the Company and its stockholders to solicit bids from other independent audit firms. On June 20, 2024 after an evaluation process, the Audit Committee dismissed Marcum as the Company's independent registered public accounting firm as of the effective date of the Company's engagement with MATSUURA ("Matsuura") as described below. Marcum's audit report dated April 15, 2024 on the Company's consolidated financial statements as of and for the years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles, other than the explanatory paragraph regarding the Company's ability to continue as a going concern. During the fiscal years ended December 31, 2023 and 2022 and subsequent interim periods through the date of dismissal, there have been no: (i) "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Marcum, would have caused them to make reference thereto in their report on the financial statements or (ii) "reportable events" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K), except that Marcum concurred with the Company's assessment of a material weakness related to the Company's internal controls over financial reporting. The Company provided Marcum with a copy of the foregoing
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter from Marcum LLP regarding change in certifying accountant 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. AGRIFY CORPORATION Date: June 26, 2024 By: /s/ Raymond Nobu Chang Raymond Nobu Chang Chief Executive Officer 2