---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-007841"
form_type: "8-K"
ticker: null
cik: "0001683252"
company_name: "TOKEN COMMUNITIES LTD."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:56:09.553053+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Token Communities replaces auditor Gries with GreenGrowth after Gries's business sale; going concern doubt persists

## Summary
- On Oct 18, 2023, Token Communities engaged GreenGrowth CPAs as new independent accountant after Gries sold its business.
- No disagreements with Gries on accounting principles or auditing scope for fiscal years 2022 and 2023.
- Prior audit reports from Gries included a going concern qualification about the Company's ability to continue.
- Management discussed material weaknesses in internal control with Gries; no other reportable events occurred.
- Gries furnished a letter agreeing with the Company's statements, filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0001477932-23-007841
- form_type: 8-K
- cik: 0001683252
- company_name: TOKEN COMMUNITIES LTD.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683252/000147793223007841/0001477932-23-007841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683252/000147793223007841/token_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-007841
- JSON: https://secwatch.observer/filing/0001477932-23-007841.json
- Plain text: https://secwatch.observer/filing/0001477932-23-007841.txt

## Key facts
- Auditor Changes
  TOKEN COMMUNITIES LTD. engaged GreenGrowth CPAs as its auditor.
  - Action: engagement
  - Auditor: GreenGrowth CPAs
  source text: On October 18, 2023, the Company engaged and executed an agreement with GreenGrowth CPAs (“GreenGrowth”), as the Company’s new independent accountant to replace Gries.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683252/000147793223007841/0001477932-23-007841-index.htm
- Auditor Changes
  TOKEN COMMUNITIES LTD. dismissed Gries & Associates, LLC as its auditor.
  - Action: dismissal
  - Auditor: Gries & Associates, LLC
  - Successor: GreenGrowth CPAs
  source text: On October 16, 2023, Token Communities Ltd (the “Company”) was informed that its independent accountants Gries & Associates, LLC (“Gries”) had sold its business to GreenGrowth CPAs (“GreenGrowth”). On October 18, 2023, the Company engaged and executed an agreement with GreenGrowth CPAs (“GreenGrowth”), as the Company’s new independent accountant to replace Gries. The reports of Gries regarding the Company’s financial statements for the fiscal years ended June 30, 2023 and 2022, being the two most recent fiscal years for which the Company has filed audited financial statements with the Securities and Exchange Commission (the “SEC”), did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about the Company’s ability to continue as a going conc
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683252/000147793223007841/0001477932-23-007841-index.htm

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