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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR
15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported) June 3, 2024
| Innovative
Designs, Inc |
| (Exact name of registrant as specified in its charter) |
| Delaware |
|
000-51791 |
|
03-0465528 |
| (State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
| 124
Cherry Street, Pittsburgh, PA |
|
15223 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number,
including area code 412.799.0305
| |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the
Act:
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Item 4.01 Change in Registrant’s Certifying Accountant
On June 3, 2024, the Registrants’ CEO dismissed RW Group. LLC (“RW
Group”) as the Registrant’s independent registered public accounting firm. RW Group served as the Registrant’s independent
public accounting firm since 2021. The Registrants Board of Directors neither recommended nor approved the decision to change accountants
The audit reports of RW Group on the Registrant’s financial statements
for the fiscal years ended October 31, 2022, and 2023, did not contain an adverse opinion or disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting principle other than an explanatory paragraph regarding the Registrant’s
ability to continue as a going concern.
During the Registrant’s fiscal years ended October 31, 2022 and 2023,
and through. January 31, 2024, there was no disagreement(s) with RW Groupon any matter of accounting principles or practices, financial
statement disclosure or procedure, which disagreement(s), if not resolved to the satisfaction of RW Group, would have caused it to make
a reference to the subject matter of the disagreement(s) in connection with its report, nor were there any “reportable events”,
as such term is described in Item304(a)(1)(v) of Regulation S-K promulgated under the Securities Act of 1934, as amended (the “1934
Act”).
The Registrant provided RW Group with a copy of this Form 8-K prior to
filing with the U.S. Securities and Exchange Commission (“Commission”) and requested RW Group to furnish the Registrant with
a letter addressed to the Commission stating whether it agrees with the above statements. A copy of RW Group’s letter, dated June
6, 2024, is attached as Exhibit 16.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DATE: June 6, 2024 |
Innovative Designs, Inc. |
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By: |
/s/ Joseph Riccelli |
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Joseph Riccelli, Chief Executive Officer |
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