Universal Token (UTKN): auditor change — Universal Token appoints CNGSN & Associates as new auditor, replacing RAO

Universal Token

Board selected CNGSN & Associates LLP as independent auditor for FY2025 after competitive process; effective Dec 19, 2025.
Prior auditor RAO's reports on FY2024 financials contained a going concern qualification but no adverse opinion or scope limitation.
No disagreements or reportable events with RAO during FY2024 or subsequent interim period.
RAO letter concurring with 8-K disclosures attached as Exhibit 16.1.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Universal Token dismissed M.S. Mahava Rao as its auditor.

Action: dismissal
Auditor: M.S. Mahava Rao
Successor: CNGSN & Associates LLP

Exact text from the filing

The decision to change accountants to CNGSN from M.S. Mahava Rao (“RAO”) was approved by the Board, effective December 19, 2025. The reports of RAO on the Company’s financial statements as of and for the fiscal years ended December 31, 2024 did not contain an adverse opinion or disclaimer of opinion, were qualified as to the Company’s ability to continue as a going concern but were not qualified as to audit scope or accounting principles. During the fiscal year ended December 31, 2024, and the subsequent interim period preceding such dismissal, (i) there was no disagreement with RAO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreement,

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Universal Token engaged CNGSN & Associates LLP as its auditor.

Action: engagement
Auditor: CNGSN & Associates LLP

Exact text from the filing

the Committee approved the appointment of CNGSN & Associates LLP (“CNGSN”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

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Source: SEC EDGAR

accession 0001171520-25-000366

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