---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017257"
form_type: "8-K"
ticker: "BRST"
cik: "0000764897"
company_name: "Broad Street Realty, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:57:26.372217+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broad Street Realty dismisses auditor BDO, engages Cherry Bekaert; going concern note in prior audits

## Summary
- Audit committee dismissed BDO USA, LLP effective May 1, 2023 and engaged Cherry Bekaert LLP as new independent auditor.
- BDO's reports for FY2022 and FY2021 included explanatory paragraphs about substantial doubt on company's going concern.
- No disagreements with BDO on accounting principles or audit scope, but material weaknesses had been disclosed in prior 10-K and 10-Q filings.
- Company provided BDO with the 8-K; BDO's letter to SEC agreeing with disclosures is attached as Exhibit 16.1.
- During FY2022, FY2021, and subsequent interim period, company did not consult Cherry Bekaert on any reportable events.

## SEC filing metadata
- accession: 0000950170-23-017257
- form_type: 8-K
- ticker: BRST
- cik: 0000764897
- company_name: Broad Street Realty, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764897/000095017023017257/0000950170-23-017257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764897/000095017023017257/brst-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017257
- JSON: https://secwatch.observer/filing/0000950170-23-017257.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017257.txt

## Key facts
- Auditor Changes
  Broad Street Realty, Inc. dismissed BDO USA, LLP as its auditor.
  - Action: dismissal
  - Auditor: BDO USA, LLP
  source text: On May 1, 2023 (the “Dismissal Date”), the Audit Committee (the “Audit Committee”) of the Board of Directors of Broad Street Realty, Inc. (the “Company”) dismissed BDO USA, LLP (“BDO”) as the independent registered public accounting firm for the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764897/000095017023017257/0000950170-23-017257-index.htm
- Auditor Changes
  Broad Street Realty, Inc. engaged Cherry Bekaert LLP as its auditor.
  - Action: engagement
  - Auditor: Cherry Bekaert LLP
  source text: On May 1, 2023, the Company engaged Cherry Bekaert LLP (“Cherry Bekaert”) as its new independent registered public accounting firm upon the approval of the Audit Committee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764897/000095017023017257/0000950170-23-017257-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.