---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000310"
form_type: "8-K"
ticker: "MDNC"
cik: "0001931055"
company_name: "Medinotec Inc."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:20:01.936548+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Medinotec replaces auditor with BDO; reports material weaknesses in internal controls

## Summary
- Dismissed Mercurius & Associates and engaged BDO South Africa as new independent auditor on June 20, 2023.
- Former auditor's report contained explanatory paragraph for restatement of 2022 financial statements.
- Reportable events: material weaknesses in internal controls, including lack of documentation, no segregation of duties, and no written code of ethics.
- Board appointed Audit Committee on May 5, 2023: Gregory Vizirgianakis, Stavros Vizirgianakis, and Joseph Dwyer (financial expert, independent).
- Material weaknesses not yet remediated as of filing date; Audit Committee charter adopted.

## SEC filing metadata
- accession: 0001663577-23-000310
- form_type: 8-K
- ticker: MDNC
- cik: 0001931055
- company_name: Medinotec Inc.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000310/0001663577-23-000310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000310/mdnc8k062023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000310
- JSON: https://secwatch.observer/filing/0001663577-23-000310.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000310.txt

## Key facts
- Auditor Changes
  Medinotec Inc. engaged BDO South Africa Inc. as its auditor.
  - Action: engagement
  - Auditor: BDO South Africa Inc.
  source text: On June 20, 2023, we dismissed Mercurius & Associates LLP (formerly known as AJSH & Co LLP) the “Former Accountant”) as our independent registered public accounting firm and, on June 20, 2023, we engaged BDO South Africa Inc. (the “New Accountant”) as our independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000310/0001663577-23-000310-index.htm
- Auditor Changes
  Medinotec Inc. dismissed Mercurius & Associates LLP (formerly known as AJSH & Co LLP) as its auditor.
  - Action: dismissal
  - Auditor: Mercurius & Associates LLP (formerly known as AJSH & Co LLP)
  - Successor: BDO South Africa Inc.
  source text: On June 20, 2023, we dismissed Mercurius & Associates LLP (formerly known as AJSH & Co LLP) the “Former Accountant”) as our independent registered public accounting firm and, on June 20, 2023, we engaged BDO South Africa Inc. (the “New Accountant”) as our independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1931055/000166357723000310/0001663577-23-000310-index.htm

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