Belite Bio, Inc. — Form 6-K Summary
Business Context and Reporting Period
Belite Bio, Inc., a foreign private issuer, filed this Form 6-K for December 2022 on December 13, 2022. The filing reports a change in the Company’s independent registered public accounting firm.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other current financial metrics.
Material Changes
- Friedman LLP combined with Marcum LLP effective September 1, 2022.
- On December 12, 2022, the Company’s audit committee approved the engagement of Marcum Asia CPAs LLP as the Company’s independent registered public accounting firm.
- Marcum Asia will provide the services previously provided by Friedman using the same audit team and engagement partner.
Audit History, Risks, and Unusual Items
- Friedman’s audit reports for the fiscal years ended December 31, 2020 and 2021 contained no adverse opinion, disclaimer, or qualification relating to uncertainty, audit scope, or accounting principles.
- The Company reported no disagreements with Friedman during the two most recent fiscal years or through December 12, 2022, regarding accounting principles, disclosures, or audit scope and procedures.
- Except for a previously identified material weakness in internal control disclosed in the Company’s Form F-1 registration statement, the Company reported no other reportable events through December 12, 2022.
- The Company stated that it had not consulted Marcum Asia during the relevant period regarding accounting principles, audit opinions, or related matters.
- Friedman’s response letter regarding the auditor-change disclosure is filed as Exhibit 16.1.
Key Facts for Investors to Verify
- Review Exhibit 16.1 for Friedman’s concurrence or comments on the auditor-change disclosure.
- Assess the previously identified material weakness in internal control and whether it has been remediated.
- Confirm Marcum Asia’s continuing role and the effect, if any, of the auditor transition on future filings and audit procedures.
- Refer to the Company’s financial statements and other SEC filings for financial performance, cash resources, financing needs, and operating outlook, which are not addressed in this Form 6-K.