GXXM 8-K
Gex Management, Inc. (GXXM)
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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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) | |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| OTC Pink |
Item 4.01. Change in Registrant’s Certifying Accountant.
| (a) | Resignation of Previous Independent Registered Public Accounting Firm |
On September 6, 2024, Fruci & Associates II PLLC (“Fruci,” “Former Auditor”) resigned as GEX Management, Inc.’s (the “Company”) auditor of record.
Fruci did not complete any audits for the company and accordingly issued no opinion over the Company’s financial statements as of and for the fiscal years ended December 31, 2023 and 2022.
With the exception of the appointment of the Company’s new independent registered public accounting firm discussed below, the decision to change auditors was neither recommended nor approved by the Company’s Board of Directors.
During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through September 6, 2024, 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 the Former Auditor 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 the Former Auditor, would have caused the Former Auditor to make reference to the subject matter of the disagreement in its reports on the Company’s financial statements and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions).
The Company provided the Former Auditor with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that the Former Auditor furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein and, if not, stating the respects in which it does not agree. A copy of the letter provided by the Former Auditor, dated September 16, 2024, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
| (b) | Appointment of New Independent Registered Public Accounting Firm |
On September 12, 2024, the Company’s Board of Directors engaged Astra Audit & Advisory LLC (“Astra”) as the Company’s new independent accountant to audit the Company’s financial statements and to perform reviews of interim financial statements. During the fiscal years ended December 31, 2023 and 2022 and through the date of this report, neither the Company, nor anyone on its behalf, consulted Astra regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was provided to the Company by Astra that 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 the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01 Financial Statements and Exhibits
| Exhibit number | Description | |
| 16.1 | Letter from Fruci & Associates II, PLLC, dated September 16, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: September 18, 2024 | GEX Management, Inc | |
| By: | /s/ Sri Vanamali | |
| Sri Vanamali | ||
| Chief Executive Officer | ||
Exhibit 16.1
 | |
| September 16, 2024 | |
 |
|
| Securities and Exchange Commission | |
| 100 F Street N.E. | |
| Washington, D.C. 20549 | |
| Dear Sirs/Madams: | |
| RE: Gex Management Inc. | |
| We have read Item 4.01 of Gex Management INC’s Form 8-K dated September 6, 2024, and we agree with the statements set forth in Item 4.01, insofar as they relate to our firm. We have no basis to agree or disagree with the other statements contained therein. | |
| Yours truly, | |
 | |
| Members of: | |
| WSCPA | Fruci & Associates II, PLLC |
| AICPA | |
802 N Washington |
|
| PO Box 2163 | |
| Spokane, Washington | |
| 99210-2163 | |
P 509-624-9223 |
|
| [email protected] | |
| www.fruci.com |