secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cosmos Group Holdings Inc. (COSG)
CIK:        0001706509
Form:       8-K
Filed at:   2025-04-07T23:59:59+00:00
Accession:  0001213900-25-029193
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Group terminates auditor OO, engages LP; prior audit had going concern doubt
--------------------------------------------------------------------------------

- Board accepted resignation of Olayinka Oyebola & Co. (OO) effective April 3, 2025; engaged Lao Professional (LP) to audit FY2024.
- OO's 2023 report included going concern qualification due to accumulated deficit of $205,499,215 and loss of $77,391,995.
- No disagreements or reportable events occurred with OO during 2022-2023 periods.
- Company had no prior consultations with LP regarding accounting principles or audit opinions before engagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706509/000121390025029193/0001213900-25-029193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706509/000121390025029193/ea0237296-8k_cosmos.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-029193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer