secwatch.observer — SEC 8-K summary
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Issuer:     CYTTA CORP. (CYCA)
CIK:        0001383088
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001477932-25-004536
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud

Cytta Corp terminates agreement with Michael Elliott after fraudulent sales orders
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- Michael Elliott provided 33 fraudulent Law Enforcement Sales Orders using AI-generated fake confirmations.
- Independent review by Stuart Brame on May 14, 2025 found none of the sales orders were verifiable.
- Elliott was terminated for cause on May 28, 2025; accounts receivable from orders reversed in March 31, 2025 statements.
- Cytta Corp severed ties with auditor Prager Metis CPAs after they required a formal forensic audit.
- The Board deemed the forensic audit expense unnecessary and will seek new auditors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383088/000147793225004536/0001477932-25-004536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383088/000147793225004536/cyca_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-004536

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