---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-25-001294"
form_type: "8-K"
ticker: "MDEX"
cik: "0001318268"
company_name: "Madison Technologies Inc."
filed_at: "2025-08-13T23:59:59+00:00"
generated_at: "2026-05-17T13:53:04.198250+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Madison Technologies dismisses auditor BF Borgers after SEC ban; appoints SRCO

## Summary
- Dismissed BF Borgers CPA, PC effective May 20, 2024, after SEC settled charges and permanently banned Borgers from practicing.
- No disagreements or reportable events in financial years 2022, 2023 or subsequent interim period.
- Engaged SRCO Professional Corporation as new independent auditor on May 21, 2024, approved by audit committee.
- No prior consultation with SRCO on accounting principles or audit opinions.

## SEC filing metadata
- accession: 0001753926-25-001294
- form_type: 8-K
- ticker: MDEX
- cik: 0001318268
- company_name: Madison Technologies Inc.
- filed_at: 2025-08-13T23:59:59+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, 16.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318268/000175392625001294/0001753926-25-001294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318268/000175392625001294/g084850_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-25-001294
- JSON: https://secwatch.observer/filing/0001753926-25-001294.json
- Plain text: https://secwatch.observer/filing/0001753926-25-001294.txt

## Source-grounded claims
- claim_id: 23488f018754dd89e1d93c91b1d29a6da86aad1f
  claim: Madison Technologies Inc. dismissed BF Borgers CPA, PC as its auditor.
  evidence_excerpt: the Company has decided to dismiss Borgers as its independent accountant, effective May 20, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318268/000175392625001294/0001753926-25-001294-index.htm
- claim_id: 6f6d1098a54317efd97873a20a72cd45edd2da0a
  claim: Madison Technologies Inc. engaged SRCO Professional Corporation as its auditor.
  evidence_excerpt: (b) Engagement of New Independent Registered Public Accounting Firm On May 21, 2024, following approval by the Audit Committee of the Board of Directors, the Company appointed SRCO Professional Corporation (“SRCO”) as the new independent registered public accounting firm of the Company. During the fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through May 21, 2024, the effective date of SRCO’s appointment, neither the Company, nor any party on behalf of the Company, consulted with SRCO with respect to either
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318268/000175392625001294/0001753926-25-001294-index.htm

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