Business Context and Reporting Period
This Form 8-K Current Report was filed by Dominari Holdings Inc. on June 24, 2026. The filing primarily addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on governance and audit matters rather than financial performance data.
Material Changes
Changes in Certifying Accountant
- Dismissal: On June 24, 2026, the Company dismissed CBIZ CPAs P.C. as its independent registered public accounting firm.
- Appointment: On the same date, the Company engaged Grassi & Co., CPAs, P.C. to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- History: CBIZ CPAs had been appointed on April 25, 2025, following the dismissal of Marcum LLP.
Audit Opinions and Disagreements
- During CBIZ CPAs' tenure (April 25, 2025, to June 24, 2026), their reports did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- There were no disagreements between the Company and CBIZ CPAs on accounting principles, practices, or auditing scope.
Reportable Events and Internal Control Weaknesses
The filing discloses material weaknesses in internal control over financial reporting identified during CBIZ CPAs' tenure:
- Lack of personnel to ensure books and records are closed accurately and timely.
- Lack of sufficient review over accounting for certain transactions recorded at fair value.
- Lack of appropriate segregation of duties.
- General information technology control deficiencies regarding user access provisioning and administrative access review.
- Insufficient documentation to support and evidence the design and implementation of controls.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the disclosed internal control weaknesses. The Company confirmed that no consultations occurred with the new auditor, Grassi & Co., regarding accounting principles or matters that were subjects of disagreement prior to their engagement.
Investor Verification Checklist
- Verify the reasons for the rapid succession of auditor changes (Marcum LLP to CBIZ CPAs to Grassi & Co.) within a 14-month period.
- Review the specific remediation plans for the five disclosed material weaknesses in internal controls.
- Examine the letter from CBIZ CPAs (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor upcoming financial statements for the fiscal year ending December 31, 2026, to assess the impact of the new auditor and control improvements.