Business Context and Reporting Period
This Form 8-K was filed by Seastar Medical Holding Corp on December 20, 2022. The report details a change in the company's certifying accountant following a business combination between LMF Acquisition Opportunities, Inc. (LMAO) and SeaStar Medical, Inc. completed in April 2022, after which LMAO was renamed Seastar Medical Holding Corporation.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Change: On December 20, 2022, the Audit Committee appointed Armanino LLP (previously SeaStar Medical's principal accountant) as the new principal accountant.
- Departure: MaloneBailey, LLP (previously LMAO's principal accountant) will no longer serve as the Company's principal accountant.
- Audit History: MaloneBailey's reports for LMAO for the year ended December 31, 2021, and the period from inception through December 31, 2020, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements between LMAO and MaloneBailey regarding accounting principles, financial statement disclosures, or audit scope during the relevant periods.
- Consultations: The Company did not consult Armanino LLP regarding accounting principles or potential audit opinions prior to the appointment.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No "reportable events" occurred during the periods covered by the former accountant. The primary risk disclosed is the transition of audit responsibilities, which was executed without reported conflict.
Key Facts for Investor Verification
- Verify the effective date of Armanino LLP's engagement as the new auditor.
- Confirm the content of the letter from MaloneBailey, LLP (Exhibit 16.1) to ensure they agree with the disclosures regarding the departure.
- Review subsequent filings for the first financial statements audited by Armanino LLP.