Business Context and Reporting Period
This Form 6-K filing by Freight Technologies, Inc. covers the month of June 2022, with the report dated June 14, 2022. The filing primarily addresses a material corporate governance event: the change of the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of a change in auditors rather than a financial results report.
Material Changes
- Dismissal of Auditor: On June 13, 2022, the Board of Directors approved the immediate dismissal of Centurion ZD CPA & Co. ("CZD") as the independent registered public accounting firm.
- Appointment of New Auditor: On June 13, 2022, the Audit Committee approved the appointment of UHY LLP ("UHY") as the new independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Audit History: CZD's reports for fiscal years 2020 and 2021 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements between the Company and CZD regarding accounting principles, practices, or audit scope during the relevant periods.
- Reportable Events: The Company confirmed there were no "reportable events" requiring disclosure under Item 16F(a)(1)(iv) of Form 20-F during the two fiscal years ended December 31, 2021, and through June 13, 2022.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on business operations. The primary risk disclosed is the transition of audit services, though the Company explicitly states there were no underlying disagreements or reportable events necessitating the change.
Key Facts for Investor Verification
- Verify the effective date of the auditor change (June 13, 2022) and the identity of the new auditor (UHY LLP).
- Confirm the absence of disagreements or reportable events with the former auditor (CZD) as stated in the filing.
- Review the attached Exhibit 99.1 (CZD's letter to the SEC) to ensure the former auditor concurs with the Company's statements regarding the dismissal.
- Note that this filing does not contain updated financial performance data; investors should refer to the most recent Form 20-F or 10-K for financial metrics.