---
schema_version: "secwatch.filing_event.v1"
accession: "0001499275-26-000014"
form_type: "8-K/A"
ticker: "GROO"
cik: "0001499275"
company_name: "GROOVY COMPANY, INC."
filed_at: "2026-05-28T19:28:28+00:00"
generated_at: "2026-05-28T19:31:21.643641+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Groovy dismisses auditor after SEC suspension, reduces authorized common 99.5%, two officers depart

## Summary
- 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).

## SEC filing metadata
- accession: 0001499275-26-000014
- form_type: 8-K/A
- ticker: GROO
- cik: 0001499275
- company_name: GROOVY COMPANY, INC.
- filed_at: 2026-05-28T19:28:28+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.01, 4.02, 5.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000014/0001499275-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000014/groo-20250813_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499275-26-000014
- JSON: https://secwatch.observer/filing/0001499275-26-000014.json
- Plain text: https://secwatch.observer/filing/0001499275-26-000014.txt

## Source-grounded claims
- claim_id: 65b34ea6c00da19e59b43817eae63672f986274a
  claim: GROOVY COMPANY, INC. dismissed Olayinka Oyebola & Co. (Chartered Accountants) as its auditor.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000014/0001499275-26-000014-index.htm
- claim_id: 2084e9e527
  claim: Jeffrey D. Turner departed as Chief Legal Officer at GROOVY COMPANY, INC..
  evidence_excerpt: Effective May 1, 2026, Jeffrey D. Turner ceased to serve as the Company’s Chief Legal Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000014/0001499275-26-000014-index.htm
- claim_id: a89a63e3d6
  claim: John Morgan departed as Vice President, Issuer Services at GROOVY COMPANY, INC..
  evidence_excerpt: Effective May 1, 2026, John Morgan ceased to serve as the Company’s Vice President, Issuer Services.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000014/0001499275-26-000014-index.htm

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