CAHO 8-K
Caro Holdings Inc. (CAHO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter) |
|
| | ||
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of incorporation) | File Number) |
| Identification No.) |
(Address of principal executive offices)
(
(Registrant’s telephone number, including area code)
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. ☐
Item 4.01 Changes in Company’s Certifying Accountant.
1) | Previous Independent Registered Public Accounting Firm |
| (i) | On June 15, 2025, Caro Holdings Inc. (the “Company”) decided and approved by the Board of Directors of the Company that Olayinka Oyebola & Co (“OO & Co.”) would no longer serve as the company’s independent registered public accounting firm, effective as of June 15, 2025. |
|
| |
| (ii) | The report of OO & Co on the Company’s financial statements for the fiscal years ended March 31, 2024 and 2023 did not contain an adverse or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that such report on the Company’s financial statements contained an explanatory paragraph in respect to the substantial doubt about the Company’s ability to continue as a going concern. |
|
|
|
| (iii) | During the Company’s two most recent fiscal years ended March 31, 2024 and 2023 and any subsequent interim periods through June 15, 2023, the date of decision, (a) there were no disagreements with OO & Co. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of OO & Co., would have caused it to make reference thereto in its reports on the financial statements for such years and (b) there were no “reportable events” as described in Item 304(a)(1)(v) of Regulation S-K. |
|
|
|
| (iv) | On June 19, 2025, the Company provided OO & Co. with a copy of this Current Report and has requested that it furnish the Company with a letter addressed to the U.S. Securities and Exchange Commission stating whether it agrees with the above statements. A copy of such letter is attached as Exhibit 16.1 to this Current Report on Form 8-K. |
2) | New Independent Registered Public Accounting Firm |
|
|
| On June 18, 2025, the Company engaged Boladale Lawal & Co (“BLC.”) as its new independent registered public accounting firm to audit and review the Company’s financial statements. During the two most recent fiscal years ended March 31, 2024 and 2023 and any subsequent interim periods through the date hereof prior to the engagement of BLC., neither the Company, nor someone on its behalf, has consulted BLC. regarding: |
| (i) | either: the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and either a written report was provided to the Company or oral advice was provided that the new independent registered public accounting firm concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or |
|
|
|
| (ii) | any matter that was either the subject of a disagreement as defined in paragraph 304(a)(1)(iv) of Regulation S-K or a reportable event as described in paragraph 304(a)(1)(v) of Regulation S-K. |
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number |
| Description |
|
|
|
|
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
CARO HOLDINGS INC. | |||
Date: July 15, 2025 | By: | /s/ Meriesha Rennalls | |
Name: | Meriesha Rennalls | ||
Title: | President | ||
3 |
EXHIBIT 16.1
June 25, 2025
United States Securities and Exchange
Commission Office of the Chief Accountant
100 F Street, N.E.
Washington, D.C.
20549
Re: Caro Holdings Inc.
Dear Sirs/Madams,
We have read the statements under item 4.01 in the Form 8-K dated June 19, 2025, of Caro Holdings, Inc. to be filed with the Securities and Exchange Commission and we agree with such statements therein as related to our firm.
Regards,
Yours faithfully,
For: Olayinka Oyebola & Co
Yinka Oyebola FCA
Managing Partner/CEO