Filing Overview
Cheetah Net Supply Chain Service Inc. filed a Form 8-K under Item 4.01 on October 2, 2023, reporting a change in its independent registered public accounting firm. The report was signed on October 5, 2023.
Business Context and Reporting Period
The company is incorporated in North Carolina, trades Class A common stock on Nasdaq under the symbol CTNT, and reported the auditor change for the fiscal year ending December 31, 2023.
Financial Metrics
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating or financial metrics.
Material Changes
- The audit committee dismissed Marcum Asia CPAs LLP effective October 2, 2023.
- The company engaged Assentsure PAC as its independent registered public accounting firm for the fiscal year ending December 31, 2023.
- Marcum Asia served as auditor from February 9, 2023 through October 2, 2023. Before that, Friedman LLP was the auditor; Friedman combined with Marcum LLP effective September 1, 2022.
- Marcum Asia’s report on the company’s 2022 financial statements contained no adverse opinion, disclaimer, or qualification relating to uncertainty, audit scope, or accounting principles.
- The company reported no disagreements with Marcum Asia or Friedman regarding accounting principles, financial statement disclosure, or audit scope or procedures during the two most recent fiscal years and through October 2, 2023.
Management Commentary, Risks, and Unusual Items
- The company reported no Item 304(a)(1)(v) reportable events, other than material weaknesses previously disclosed in the Risk Factors section of its amended Form S-1 registration statement.
- The company stated that it had not consulted Assentsure during the two most recent fiscal years or through October 2, 2023 regarding matters or reportable events described in Item 304(a)(2) of Regulation S-K.
- Marcum Asia was asked to provide the SEC with a letter regarding the company’s disclosures; Exhibit 16.1 contains the letter dated October 5, 2023.
- The filing provides no guidance or broader business outlook.
Key Facts to Verify
- Review Exhibit 16.1 for Marcum Asia’s response to the company’s statements.
- Review the amended Form S-1 for details of the material weaknesses referenced in the filing.
- Confirm Assentsure PAC’s audit status and any subsequent auditor changes in later SEC filings.
- Note the date distinction: the reported earliest event was October 2, 2023, while the filing was signed and the auditor letter was dated October 5, 2023.