Energous Corp Appoints New Auditor
Ticker: WATT · Form: 8-K · Filed: Apr 16, 2024 · CIK: 1575793
| Field | Detail |
|---|---|
| Company | Energous Corp (WATT) |
| Form Type | 8-K |
| Filed Date | Apr 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: WATT
TL;DR
WATT swapped auditors to Armanino LLP for FY24, replacing BDO USA, LLP.
AI Summary
Energous Corporation (WATT) announced on April 11, 2024, that it has appointed a new independent registered public accounting firm, Armanino LLP, to audit its financial statements for the fiscal year ending December 31, 2024. This change follows the resignation of its previous auditor, BDO USA, LLP.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: low — This filing is a routine change of auditor and does not inherently present new financial risks.
Key Players & Entities
- Energous Corporation (company) — Registrant
- Armanino LLP (company) — New independent registered public accounting firm
- BDO USA, LLP (company) — Previous independent registered public accounting firm
- April 11, 2024 (date) — Date of earliest event reported
- December 31, 2024 (date) — Fiscal year ending
FAQ
Who is Energous Corporation's new independent registered public accounting firm?
Energous Corporation has appointed Armanino LLP as its new independent registered public accounting firm.
When was the change in auditor announced?
The change in auditor was reported as of April 11, 2024.
Who was Energous Corporation's previous auditor?
Energous Corporation's previous independent registered public accounting firm was BDO USA, LLP.
For which fiscal year will Armanino LLP audit Energous Corporation's financial statements?
Armanino LLP will audit Energous Corporation's financial statements for the fiscal year ending December 31, 2024.
What is the filing date for this Form 8-K?
This Form 8-K was filed on April 16, 2024.
Filing Stats: 856 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-04-16 16:31:11
Key Financial Figures
- $0.00001 — ich registered Common Stock, par value $0.00001 per share WATT The Nasdaq Stock Mar
Filing Documents
- tm2411898d1_8k.htm (8-K) — 29KB
- tm2411898d1_ex16-1.htm (EX-16.1) — 4KB
- tm2411898d1_ex16-1img001.jpg (GRAPHIC) — 5KB
- tm2411898d1_ex16-1img002.jpg (GRAPHIC) — 3KB
- tm2411898d1_ex16-1img003.jpg (GRAPHIC) — 27KB
- 0001104659-24-047808.txt ( ) — 253KB
- watt-20240411.xsd (EX-101.SCH) — 3KB
- watt-20240411_lab.xml (EX-101.LAB) — 33KB
- watt-20240411_pre.xml (EX-101.PRE) — 22KB
- tm2411898d1_8k_htm.xml (XML) — 4KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. The Audit Committee (the "Committee") of the Board of Directors of Energous Corporation (the "Company") conducted a process to determine the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. As a result of this process, on April 11, 2024, the Committee appointed BPM LLP ("BPM") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Also on April 11, 2024, the Company, with the approval of the Committee, dismissed Marcum LLP ("Marcum") as the Company's independent registered public accounting firm, effective immediately. The reports of Marcum on the Company's financial statements as of and for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022, and in the subsequent interim period through April 11, 2024, there were (i) no "disagreements" (within the meaning of Item 304(a) 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 it to make reference to the (as such term is defined in Item 304(a)(1)(v) of Regulation S-K). The Company provided Marcum with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Marcum provide the Company with a letter addressed to the Securities and Exchange Commission stating whether Marcum agrees with the above statements. A copy of Marcum's letter, dated April 15, 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 No. Description 16.1 Letter of Marcum LLP to the Securities and Exchange Commission, dated April 15, 2024 104 Cover Page Interactive Data File (embedded as 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. ENERGOUS CORPORATION Date: April 16, 2024 By: /s/ Mallorie Burak Name: Mallorie Burak Title: Chief Financial Officer