Nowtransit Inc. Appoints New Auditor, GHJ & Co. LLP

TL;DR

NOWTRANSIT swapped auditors from BDO to GHJ & Co. LLP, effective immediately.

AI Summary

Nowtransit Inc. announced on May 22, 2024, that it has appointed a new independent registered public accounting firm, GHJ & Co. LLP, effective immediately. This change follows the resignation of the company's previous auditor, BDO USA, LLP, on May 15, 2024. The company stated that the decision to change auditors was not a result of any disagreements with BDO USA, LLP.

Why It Matters

A change in auditors can signal potential issues or a desire for a fresh perspective on financial reporting, which could impact investor confidence.

Risk Assessment

Risk Level: medium — A change in auditors, especially if recent, can sometimes indicate underlying financial or accounting concerns that warrant closer scrutiny.

Key Players & Entities

• Nowtransit Inc. (company) — Registrant
• GHJ & Co. LLP (company) — New independent registered public accounting firm
• BDO USA, LLP (company) — Previous independent registered public accounting firm
• May 22, 2024 (date) — Effective date of new auditor appointment
• May 15, 2024 (date) — Date of previous auditor's resignation

FAQ

From the Filing

0001185185-24-000582.txt : 20240522 0001185185-24-000582.hdr.sgml : 20240522 20240522120216 ACCESSION NUMBER: 0001185185-24-000582 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240522 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240522 DATE AS OF CHANGE: 20240522 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nowtransit Inc CENTRAL INDEX KEY: 0001784440 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-234487 FILM NUMBER: 24972395 BUSINESS ADDRESS: STREET 1: 2722 S WEST TEMPLE CITY: SALT LAKE CITY STATE: UT ZIP: 84115 BUSINESS PHONE: 801-382-7806 MAIL ADDRESS: STREET 1: 2722 S WEST TEMPLE CITY: SALT LAKE CITY STATE: UT ZIP: 84115 8-K 1 nowtransit20240520_8k.htm FORM 8-K nowtransit20240520_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): May 22, 2024   NOWTRANSIT INC. (Exact name of the registrant as specified in its charter)   Nevada 333-234487 98-1498782 (State or other jurisdiction of (Commission (IRS Employer of incorporation) File Number) Identification No.)   2722 S West Temple Salt Lake City , UT 84115 (Address of principal executive offices) (Zip code)   Registrant’s telephone number, including area code: (801) 949-0791 ‬   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 Act:   Title of each class   Trading symbol(s)   Name of exchange on which registered N/A   N/A   N/A   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 Change in Registrant ’ s Certifying Accountant.   (a) Dismissal of Independent Registered Public Accounting Firm   Spiegel Accountancy Corp, or Spiegel, served as our independent registered public accounting firm prior to the reorganization and recapitalization of Nowtransit (the “Company”). On February 13, 2023, the Company entered into a Share Exchange Agreement with Best 365 Labs, LLC (“Best”) and the shareholders of Best who collectively owned 9,588,000 shares of Best common stock, or 100% of the outstanding shares of Best common stock (the “Merger”). The Merger consummated on March 10, 2023 (the “Closing”).   Upon the Closing, the Company issued the Best shareholders 34,371,100 shares of the Company’s common stock representing approximately 85.39% of the