8-K
filed May 14, 2024, 7:59 PM ET
ticker DLTI
CIK 0001420368
other material
confidence high
sentiment neutral
materiality 0.60
DLT unwinds Ciscom deal, buys 10.7% in new exchange; adds directors, changes auditor
DLT Resolution Inc.
- Unwound prior share exchange that gave DLT ~42% of Ciscom; issued 2,500 DLT shares to each non-participating Concerned Shareholder.
- Entered new share exchange to acquire 5,755,536 Ciscom shares (10.7%) for 2,877,768 DLT shares (1:2 ratio) from certain shareholders including CEO Drew Reid.
- Appointed Lino Fera and Tony Liao to Board of Directors and Mark Irwin to Board of Advisers effective March 24, 2024.
- Dismissed BF Borgers CPA as auditor (effective May 3, 2024) due to SEC sanctions; engaged SRCO as replacement; no disagreements reported.
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
DLT Resolution Inc. engaged SRCO Professional Corporation Chartered Professional Accountants as its auditor.
- Action
- engagement
- Auditor
- SRCO Professional Corporation Chartered Professional Accountants
Exact text from the filing
On May 7, 2024, the Company engaged SRCO Professional Corporation Chartered Professional Accountants (“SRCO”) as BF Borgers’ replacement.
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
DLT Resolution Inc. dismissed BF Borgers CPA PC as its auditor.
- Action
- dismissal
- Auditor
- BF Borgers CPA PC
Exact text from the filing
Effective May 3, 2024, DLT Resolution Inc. (the “Company) dismissed BF Borgers CPA PC (“BF Borgers”) as its independent registered public accounting firm.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Irwin was appointed as Board of Advisers at DLT Resolution Inc..
- Action
- appointed
- Role
- Board of Advisers
Exact text from the filing
On March 24, 2024 Lino Fera and Chen Xi (Tony) Liao were appointed to the Board of Directors and Mark Irwin was appointed to the Board of Advisers.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lino Fera was appointed as Director at DLT Resolution Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 24, 2024 Lino Fera and Chen Xi (Tony) Liao were appointed to the Board of Directors and Mark Irwin was appointed to the Board of Advisers.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chen Xi (Tony) Liao was appointed as Director at DLT Resolution Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 24, 2024 Lino Fera and Chen Xi (Tony) Liao were appointed to the Board of Directors and Mark Irwin was appointed to the Board of Advisers.
View on SEC.gov
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