UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm.
On May 3, 2023, the Board of Directors (the “Board”) of Odyssey Semiconductor Technologies, Inc. (the “Company”) and the Audit Committee (the “Audit Committee”) of the Board approved the dismissal of Marcum LLP (“Marcum”) by the Company on May 1, 2023, effective immediately.
The reports of Marcum on the Company’s consolidated financial statements for the fiscal years ended December 31, 2022 and 2021 did not contain any adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except that each report on the Company’s consolidated financial statements contained an explanatory paragraph regarding the Company’s ability to continue as a going concern based on the Company’s significant losses and needs to raise additional funds to meet its obligations and sustain its operations. During the fiscal years ended December 31, 2022 and 2021 and the subsequent interim period through May 1, 2023, the effective date of Marcum’s dismissal, there were (i) no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of Marcum would have caused Marcum to make reference thereto in its reports on the consolidated financial statements of the Company for such years, and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided Marcum with a copy of the above disclosures and requested that Marcum furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made above. A copy of Marcum’s letter dated May 5, 2023 is attached as Exhibit 16.1 to this Current Report on Form 8-K.
(b) Appointment of New Independent Registered Public Accounting Firm.
On May 3, 2023, the Board approved engagement of BF Borgers CPA PC on May 1, 2023 as the Company’s independent registered public accounting firm for the audit of the Company for the fiscal year ending December 31, 2023, effective immediately. During the fiscal years ended December 31, 2022 and 2021 and the subsequent interim period through May 1, 2023, neither the Company nor anyone on its behalf consulted with BF Borgers CPA PC regarding (i) the application of accounting principles to any specified transaction, either completed or proposed or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that BF Borgers CPA PC concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K, or a “reportable event,” as defined in Item 304(a)(1)(v) of Regulation S-K.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. | Description | |
16.1 | Letter from Marcum LLP regarding the change in the Registrant’s certifying accountant, dated May 5, 2023 |
SIGNATURE
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.
Odyssey Semiconductor Technologies, Inc. | ||
May 5, 2023 | By: | /s/ Mark Davidson |
Name: | Mark Davidson | |
Title: | Chief Executive Officer |
EXHIBIT 16.1
May 5, 2023
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Commissioners:
We have read the statements made by Odyssey Semiconductor Technologies, Inc. under Item 4.01 of its Form 8-K dated May 5, 2023.We agree with the statements concerning our Firm in such Form 8-K; we are not in a position to agree or disagree with other statements of Odyssey Semiconductor Technologies, Inc. contained therein.
Very truly yours,
/s/ Marcum LLP | |
Marcum LLP |
Cover |
May 01, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 01, 2023 |
Entity File Number | 333-234741 |
Entity Registrant Name | Odyssey Semiconductor Technologies, Inc. |
Entity Central Index Key | 0001781405 |
Entity Tax Identification Number | 84-1766761 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 9 Brown Road |
Entity Address, City or Town | Ithaca |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 14850 |
City Area Code | (607) |
Local Phone Number | 351-9768 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
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