Business Context and Reporting Period
This Form 8-K was filed by Genprex, Inc. on March 3, 2023, reporting events occurring on that date. The company is an emerging growth company incorporated in Delaware, with its principal executive offices in Austin, Texas. Its common stock trades on The Nasdaq Capital Market under the symbol GNPX.
Key Financial Metrics
This filing is a current report regarding a change in the registrant's certifying accountant and does not contain financial statements. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change disclosed is the resignation of the company's independent registered public accounting firm, Daszkal Bolton, LLP ("Daszkal").
- Reason for Change: Daszkal completed a business combination agreement with CohnReznick LLP ("CohnReznick").
- Effective Date: Daszkal will resign following the filing of Genprex's annual report on Form 10-K for the year ended December 31, 2022.
- Successor Firm: The current Daszkal audit team is now part of CohnReznick. Genprex expects to likely engage CohnReznick for the fiscal year ending December 31, 2023, though no formal engagement has occurred at the time of filing.
Outlook, Risks, and Management Commentary
Audit History and Disagreements:
- Daszkal's reports for the past two years did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- There were no disagreements between the Company and Daszkal on accounting principles, practices, or auditing scope during the years ended December 31, 2021 and 2020, or through September 30, 2022.
- No "reportable events" occurred within the meaning of Item 304(a)(1)(v) of Regulation S-K during the specified periods.
Management Commentary: The filing includes a letter from Daszkal (Exhibit 16.1) confirming agreement with the statements made in this report.
Investor Verification Checklist
- Verify the formal engagement of CohnReznick LLP as the new independent auditor in subsequent filings.
- Review the upcoming Form 10-K for the year ended December 31, 2022, to confirm the transition of the audit firm.
- Confirm that no undisclosed disagreements or reportable events exist between the company and the new audit firm.