Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
CREDEX CORP engaged Michael Gillespie & Associates, PLLC as its auditor.
- Action
- engagement
- Auditor
- Michael Gillespie & Associates, PLLC
Exact text from the filing
Effective as of January 5, 2023, the Board of Directors of Credex Corporation (the “Company”) approved the appointment of Michael Gillespie & Associates, PLLC (“Gillespie”) as the Company’s new independent registered accounting firm for the periods ended December 31, 2021 and 2022.
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Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
CREDEX CORP reported that prior financial statements should not be relied upon.
- Action
- non reliance
Exact text from the filing
esult, the Company plans to restate the Financial Statements and any other related periods. As previously disclosed by the Company in its Current Report on Form 8-K filed with the SEC on December 30, 2022, Cannabis Depot Holding Corp. (“Cannabis Depot”) acquired 58,492,500 shares (the “Control Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) on June 17, 2021, representing a controlling interest in the Company (the “Change in Control Transaction”). Cannabis Depot then distributed the Control Shares to its shareholders (the “Share Distribution,” together with the Change in Control Transaction, the “Cannabis Depot Transactions”). Consequently, the Cannabis Depot Transactions resulted in a change in the accounting treatment for that transaction that was incorrectly reflected in the Form 10-Q’s. The matters set forth in this Form 8-K have been discussed
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