8-K/A
filed May 28, 2026, 3:28 PM ET
ticker GROO
CIK 0001499275
regulatory
confidence high
sentiment negative
materiality 0.80
GROOVY COMPANY, INC. (GROO): auditor change — Groovy dismisses auditor after SEC suspension, reduces authorized common 99.5%, two officers depart
GROOVY COMPANY, INC.
- Dismissed auditor Olayinka Oyebola & Co. after SEC suspension (Aug 2025); prior audit reports included going concern qualification.
- Engaged new auditor Boladale Lawal & Co. on May 10, 2026 for $60K to re-audit FY2024 and audit FY2025.
- Articles amended to reduce authorized common from 20B to 100M shares; preferred restructured into 1.7B shares across three series.
- Chief Legal Officer Jeffrey Turner and VP John Morgan departed May 1, 2026; Turner continues as outside counsel.
- Company acknowledged late filings; quarterly/annual reports filed without audit during auditor gap (Aug 2025–May 2026).
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
GROOVY COMPANY, INC. dismissed Olayinka Oyebola & Co. (Chartered Accountants) as its auditor.
- Action
- dismissal
- Auditor
- Olayinka Oyebola & Co. (Chartered Accountants)
Exact text from the filing
On August 13, 2025, the Board of Directors of Groovy Company, Inc. (the “Company” or the “Registrant”), acting in its capacity as the body charged with the audit oversight function in the absence of a separately designated audit committee, dismissed Olayinka Oyebola & Co. (Chartered Accountants), Public Company Accounting Oversight Board (“PCAOB”) Firm ID No. 5968 (the “Former Accountant”), as the Company’s independent registered public accounting firm, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey D. Turner departed as Chief Legal Officer at GROOVY COMPANY, INC..
- Action
- ceased to serve
- Role
- Chief Legal Officer
Exact text from the filing
Effective May 1, 2026, Jeffrey D. Turner ceased to serve as the Company’s Chief Legal Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Morgan departed as Vice President, Issuer Services at GROOVY COMPANY, INC..
- Action
- ceased to serve
- Role
- Vice President, Issuer Services
Exact text from the filing
Effective May 1, 2026, John Morgan ceased to serve as the Company’s Vice President, Issuer Services.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
GROOVY COMPANY, INC.: Articles of Amendment reduced authorized common stock from 20 billion to 100 million shares and restructured authorized preferred stock into three series (Series S, Series A, Series B) totaling 1.7 billion shares (effective 2026-04-14).
- Change
- charter amendment
- Effective
- 2026-04-14
Exact text from the filing
On April 14, 2026, Articles of Amendment to the Articles of Incorporation of the Company (the “Articles of Amendment”) became effective upon acceptance for filing by the Secretary of State of the State of Wyoming.
View on SEC.gov
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