---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-23-000511"
form_type: "8-K"
ticker: null
cik: "0001442999"
company_name: "ALTEROLA BIOTECH INC."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:22:55.579440+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alterola Biotech converts $2.35M debt to equity; replaces auditor Gries with GreenGrowth CPAs

## Summary
- Three holders converted $2.35M of debt into common shares at $0.004/share; issuance exempt under Section 4(2)/Reg D.
- Dismissed Gries & Associates after it sold its business; engaged GreenGrowth CPAs as new independent accountant.
- No disagreements with former auditor; prior reports contained going-concern qualification and material weaknesses in internal controls.
- Debt conversion significantly dilutes existing shareholders; no additional cash proceeds to the company.

## SEC filing metadata
- accession: 0001663577-23-000511
- form_type: 8-K
- cik: 0001442999
- company_name: ALTEROLA BIOTECH INC.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442999/000166357723000511/0001663577-23-000511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442999/000166357723000511/abti8k101623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-23-000511
- JSON: https://secwatch.observer/filing/0001663577-23-000511.json
- Plain text: https://secwatch.observer/filing/0001663577-23-000511.txt

## Key facts
- Auditor Changes
  ALTEROLA BIOTECH INC. engaged GreenGrowth CPAs as its auditor.
  - Action: engagement
  - Auditor: GreenGrowth CPAs
  source text: On October 20, 2023, the Company engaged and executed an agreement with GreenGrowth GreenGrowth, as the Company's new independent accountant to replace Gries.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442999/000166357723000511/0001663577-23-000511-index.htm

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