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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) |
March 2, 2022 |
| Plasma
Innovative Inc. |
| (Exact
name of registrant as specified in its charter) |
| Nevada |
333-259772 |
87-1918342 |
(State
or other jurisdiction of
incorporation) |
(Commission
File Number) |
(IRS
Employer
Identification No.) |
523 School House Rd.
Kennett Square, PA |
19348 |
| (Address
of principal executive offices) |
(Zip
Code) |
| Registrant’s
telephone number, including area code |
267-467-5871 |
| |
| |
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:
| ☐ | 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:
| Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
| N/A |
N/A |
N/A |
Item
4.01 Change in Registrant’s Certifying Accountant
On
March 2, 2022, Plasma Innovative Inc. (“Company”) terminated Sadler, Gibb & Associates, LLC (“Former Auditor”)
as its independent registered public accounting firm. On March 3, 2022, the Company hired Jack Shama, CPA, MA (“New Auditor”)
as its independent registered public accountant firm which was approved by the Company’s Board of Directors.
Pursuant
to applicable rules, the Company makes the following additional disclosures:
(a)
The Former Auditor’s audit report on the financial statements of the Company as at and for the fiscal year ended August 31, 2021
did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting
principles, except that such report contained an explanatory paragraph in respect to uncertainty as to the Company’s ability to
continue as a going concern.
(b)
During fiscal year ended August 31, 2021 and through March 2, 2022, there were no disagreements with the Former Auditor on any matter
of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which if not resolved to the Former
Auditor’s satisfaction would have caused it to make reference thereto in connection with the Former Auditor’s reports on
the financial statements for such years. During fiscal year ended August 31, 2021 and through March 2, 2022, there were no events of
the type described in Item 304(a)(1)(v) of Regulation S-K.
(c)
During fiscal year ended August 31, 2021 and through March 2, 2022, the Company did not consult with the New Auditor with respect to
any matter whatsoever including without limitation with respect to any of (i) the application of accounting principles to a specified
transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company’s financial statements;
or (iii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or an event of
the type described in Item 304(a)(1)(v) of Regulation S-K.
On
March 3, 2022, the Company provided the Former Auditor with a copy of the foregoing disclosure and requested that it furnish the Company
with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy
of the letter from the Former Auditor dated March 4, 2022 is attached hereto as Exhibit 16.1.
Item
9.01 Financial Statements and Exhibits.
Exhibit 16.1 - Letter from Sadler, Gibb & Associates, LLC dated March 4, 2022.
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.
| /s/ Zhi Yang |
|
| Zhi Yang |
|
| President |
|
