C1 Fund Inc. Form 8-K Summary
Business Context and Reporting Period
C1 Fund Inc. (CFND), a Maryland corporation incorporated on August 16, 2024, filed this Current Report on Form 8-K on March 16, 2026. The company is an emerging growth company with its principal executive offices in Palo Alto, California. This filing specifically addresses a change in the registrant's certifying accountant.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on governance and audit matters rather than financial performance data.
Material Changes
- Dismissal of Auditor: On March 16, 2026, the Audit Committee dismissed BDO USA, P.C. as the independent registered public accounting firm, effective immediately.
- Engagement of New Auditor: On March 17, 2026, the company engaged CBIZ CPAs P.C. as the new independent registered public accounting firm, effective immediately, including for the fiscal year ending December 31, 2025.
- Audit History: BDO's report on the interim period from August 16, 2024, to June 30, 2025, was unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The company reported no disagreements or reportable events with BDO regarding accounting principles, financial statement disclosure, or auditing scope since incorporation.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of specific risks or contingencies beyond the standard disclosure regarding the change in auditors. The company noted that BDO was provided a copy of the disclosures prior to filing and that a letter from BDO regarding their agreement with the statements will be filed in a subsequent Form 8-K/A.
Key Facts for Investor Verification
- Verify the reasons for the dismissal of BDO USA, P.C., as the filing states no disagreements occurred.
- Confirm the receipt of the letter from BDO addressed to the SEC, which is expected to be filed in a subsequent 8-K/A.
- Monitor the transition of audit responsibilities to CBIZ CPAs P.C. for the fiscal year ending December 31, 2025.
- Note that the company is classified as an emerging growth company.