---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018247"
form_type: "8-K"
ticker: "NBND"
cik: "0001725911"
company_name: "NetBrands Corp."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:49:24.694178+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NetBrands dismisses BF Borgers as auditor after SEC bars firm; appoints OO & Co.

## Summary
- Dismissed BF Borgers as independent auditor effective May 7, 2024; served since November 2018.
- BF Borgers' audit reports for FY 2022 and 2023 included going-concern explanatory paragraphs.
- No disagreements or reportable events occurred during the periods in question.
- SEC order dated May 3, 2024 prohibits BF Borgers from appearing or practicing before the SEC.
- Engaged Olayinka Oyebola & Co. as replacement auditor effective May 7, 2024.

## SEC filing metadata
- accession: 0001493152-24-018247
- form_type: 8-K
- ticker: NBND
- cik: 0001725911
- company_name: NetBrands Corp.
- filed_at: 2024-05-08T23:59:59+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/1725911/000149315224018247/0001493152-24-018247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725911/000149315224018247/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018247
- JSON: https://secwatch.observer/filing/0001493152-24-018247.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018247.txt

## Key facts
- Auditor Changes
  NetBrands Corp. engaged Olayinka Oyebola & Co. as its auditor.
  - Action: engagement
  - Auditor: Olayinka Oyebola & Co.
  source text: Effective as of May 7, 2024, the Company engaged Olayinka Oyebola & Co. (“OO & Co.”) as BF Borgers’ replacement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725911/000149315224018247/0001493152-24-018247-index.htm
- Auditor Changes
  NetBrands Corp. dismissed BF Borgers CPA P.C. as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA P.C.
  - Successor: Olayinka Oyebola & Co.
  source text: Effective as of May 7, 2024, NetBrands Corp., a Delaware corporation (the “Company), dismissed BF Borgers CPA P.C. (“BF Borgers”) as its independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725911/000149315224018247/0001493152-24-018247-index.htm

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