I-ON Digital Corp 8-K, filed Jan 13, 2020
I-ON Digital Corp. (IONI)
8-K
2020-01-13
For: 2020-01-07
View Original
Added on
April 06, 2026
About this 8-K
I-ON Digital Corp filed this 8-K on January 13, 2020, reporting on events of January 7, 2020.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
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 and Exchange Act of 1934
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 7, 2020
I-ON DIGITAL CORP.
(Exact Name of Registrant as Specified in its Charter)
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Delaware
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000-54995
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46-3031328
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(State of Organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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15, Tehran-ro 10-gil, Gangam-gu, Seoul, 06234 Korea
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(Address of principal executive offices)
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Registrant’s telephone number, including area code:
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+82-2-3430
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Copies to:
Peter Campitiello, Esq.
McCarter & English, LLP
Two Tower Center Boulevard
East Brunswick, New Jersey 08816
Tel: 732-867-9741
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Merger Act (17 CFR 240.14a -12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Merger Act (17 CFR 240.14d -2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Merger Act (17 CFR 240.13e -4(c))
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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:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which
registered
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Common Stock, $0.0001 par value per share
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IONI
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ITEM 4.01.
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CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
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(a)
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Dismissal of Independent Registered Public Accounting Firm
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Effective January 7, 2020, Benjamin & Young, LLC (“B&Y”) was dismissed as the independent registered public accounting firm of I-ON Digital Corp. (the “Company”). The Company’s Board of Directors approved
the dismissal of B&Y.
B&Y’s reports on the Company’s financial statements for the years ended December 31, 2018 and 2017, respectively, did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2018 and 2017, and through January 7, 2020, there were no disagreements with B&Y 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 B&Y, would have caused it to make reference thereto in connection with its reports on the financial statements for such years. During the years ended December 31,
2018 and 2017, and through January 7, 2020, there were no matters that were either the subject of a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided B&Y with a copy of the foregoing disclosures and requested B&Y to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not B&Y
agrees with the disclosures. A copy of B&Y’s letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.
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(b)
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New Independent Registered Public Accounting Firm
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On January 8, 2020, the Company’s Board of Directors, acting in the capacity of an audit committee, engaged Benjamin & Ko (“B&K”) as the Company’s new independent registered public accounting firm to act as
the principal accountant to audit the Company’s financial statements. During the Company’s fiscal years ended December 31, 2018 and 2017, and through January 8, 2020, neither the Company, nor anyone acting on its behalf, consulted with B&K
regarding the application of accounting principles to a specific completed or proposed transaction or the type of audit opinion that might be rendered on the Company’s financial statements, and no written report or oral advice was provided that
B&K concluded was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue.
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Item 9.01.
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Financial Statements and Exhibits.
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Exhibit
No.
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Description
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Letter to the Securities and Exchange Commission from Benjamin & Young, LLP regarding the matters disclosed in Item 4.01 of this Current Report on Form 8-K.
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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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Date: January 13, 2020
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I-ON DIGITAL CORP.
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By:
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/s/ Jae Cheol James Oh
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Name: Jae Cheol James Oh
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Title: Chief Executive Officer
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Exhibit 16.1
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1100 N. Tustin Avenue, Suite 200
Anaheim, CA 92807
Office (714) 238-0000
Fax (714) 238-0080 www.bycpas.com
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January 7, 2020
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
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RE:
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I-ON Digital Corp.
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File No:
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000-54995
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We have read the statements under Item 4.01 of the Current Report on Form 8-K to be filed with the Securities and Exchange Commission on January 8, 2020 regarding the change of auditors. We agree with all statements pertaining to us.
We have no basis to agree or disagree with statements pertaining to the successor accountants.
/s/ Benjamin & Young, LLP
Benjamin & Young, LLP
Anaheim, CA