Dalrada Technology Group, Inc 8-K, filed Jan 21, 2025
Dalrada Technology Group, Inc. (DHTI)
About this 8-K
Dalrada Technology Group, Inc filed this 8-K on January 21, 2025, reporting on events of January 13, 2025.
Items reported
- Item 3.01: Delisting notice or listing transfer
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
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ITEM 3.01 Transfer of Listing
Dalrada Financial Corporation’s OTC Markets status changed to the “Expert Market” on OTCMarkets.com as of January 15, 2025. The reason for the change is the time frame for the filing of the Company’s Annual Report on Form 10-K for its fiscal year ended June 30, 2024.
On January 13, 2024, due to a change in auditors, Dalrada filed its 10-K Company’s GAAP-based financial statements for the period ending June 30, 2024 late, without a report of its independent registered public accounting firm. The financial statements contained in that Annual Report on Form 10-K met the Alternative Reporting Standards of the OTC Markets Group Inc. and it was believed by management to fairly present the financial statements of the Company as at June 30, 2024 for the 12 months then ended. However, the filing was deficient as an annual report filed under Section 13 of the Securities Exchange Act of 1934 because such financial statements do not contain a report of the Company’s PCAOB registered independent public accounting firm. As of January 13, 2024, that accounting firm had not completed its audit procedures in respect of the Company’s financial statements for the fiscal year ended June 30, 2024; hence, no report was included in that 10-K filing. The Company plans to remedy this deficiency through the filing of an amended Annual Report on Form 10-K as promptly as possible, which will include an audit report and a footnote to the Company’s financial statements that will explain in tabular form any variances between the initial filing and the amended filing.
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 thereunto duly authorized.
| Date: January 17, 2025 | DALRADA FINANCIAL CORPORATION | |
| By: | /s/ Brian Bonar | |
| Brian Bonar Officer, Director | ||
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