Genoil Inc 6-K, filed Apr 24, 2025
Genoil Inc (GNOLF)
About this 6-K
Genoil Inc filed this 6-K on April 24, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Month of April 2025
Commission File Number 000-50766
| GENOIL INC. |
| (Translation of registrant’s name into English) |
One Rockefeller Plaza 11th Floor, New York, NY 10020
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________.
Changes in Registrant’s Certifying Accountant.
Pursuant to Rule 2-01 (17 CFR 210.2-01(c)(6)) of the Sarbanes-Oxley Act of 2002, public companies are required to rotate their audit partners every five years. Therefore, Genoil, Inc.’s (the “Company”) independent certifying accountant, Michael T. Studer CPA P.C. (“Studer”) was dismissed by the Company’s board of directors.
During the fiscal year ended December 31, 2023, there were no (i) disagreements between the Company and Studer on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, any of which, if not resolved to Studer’s satisfaction, would have caused Studer to make reference thereto in its audit report on the financial statements of the Company for such period, or (ii) reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K. There were no disputes or disagreements between the Company and Studer during the time it was the Company’s independent registered public accounting firm through the date of resignation.
New Independent Registered Public Accounting Firm
The Company’s Board of Directors appointed HHL LLP (“HHL”) as its new independent registered public accounting firm, effective as of December 26, 2024. During the two most recent fiscal years and through the date of the Company’s engagement of HHL, the Company did not consult with HHL regarding either (1) 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 financial statements, or (2) any matter that was either the subject of a disagreement (as defined in Regulation S-K Item 304(a)(1)(v)), during the two most recent fiscal years.
Prior to engaging HHL, HHL did not provide the Company with either written or oral advice that was an important factor considered by the Company in reaching a decision to engage HHL as its independent accounting firm.
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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, thereunto duly authorized.
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| Genoil Inc. |
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| Date: April 23, 2025 | By: | /s/ David Lifschultz |
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| Name: | David Lifschultz |
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| Title: | CEO | |
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EXHIBIT 16.1
April 23, 2025
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountant for Genoil, Inc. an Alberta Canada corporation (the “Company”). We have read the disclosures under the paragraph entitled “Changes in Registrant’s Certifying Accountant” in the Company’s current report on Form 6-K, dated April 22, 2025, and we are in agreement with the disclosures thereunder as it relates to our firm. We have no basis to agree or disagree with other statements contained in the Form 6-K.
/s/ Michael T. Studer CPA P.C.
Freeport, New York