Panamera Holdings Corp 8-K, filed Jan 31, 2022
Panamera Holdings Corp (PHCI)
About this 8-K
Panamera Holdings Corp filed this 8-K on January 31, 2022, reporting on events of January 25, 2022.
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
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:
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 Registrant’s Certifying Accountant
Panamera Holdings Corporation. (the “Company”) has dismissed MaloneBailey, LLP. (the “Former Accounting Firm”) as its independent registered public accounting firm, effective as of January 25, 2022. As described in Item 4.01 (a) below, the change in independent registered public accounting firm is not the result of any disagreement with the Former Accounting Firm.
Item 4.01(a)Previous Independent Accountant
(i) On January 25, 2022, the Company dismissed the Former Accounting Firm as its independent registered public accounting firm effective on that date.
(ii) The reports of the Former Accounting Firm on the Company’s financial statements for the years ended July 31, 2020 and 2019 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that the reports on the financial statements of the Company for the years ended July 31, 2020 and 2019 contained an explanatory Going Concern paragraph to state that there is substantial doubt as to the Company’s ability to continue as a going concern.
(iii) The Company’s Board made the decision to change independent accountants and approved the change of the independent accountants by unanimous written consent of the Board of Director’s on January 25, 2022.
(iv) During the Company’s fiscal years ended July 31, 2020 and 2019 and through January 25, 2022, there (i) have been no disagreements with the Former Accounting Firm 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 Accounting Firm, would have caused the Former Accounting Firm to make reference to the subject matter of such disagreements in its reports on the financial statements for such years and (ii) were no reportable events of the kind in Item 304(a)(1)(v) of Regulation S-K.
The Company has requested that the Former Accounting Firm furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statement. A copy of the letter from the Former Accounting Firm is attached hereto as Exhibit 16.1 to this Form 8-K.
Item 4.01(b)New Independent Accountants
On January 25, 2022 the Company engaged M&K CPAS, PLLC (the “New Accounting Firm”) as our independent registered public accounting firm for the year ended July 31, 2021. The Board made the decision to engage the New Accounting Firm acting under authority delegated to it and the Board of Directors approved the same on January 25, 2022.
The Company has not consulted with the New Accounting Firm during our two most recent fiscal years or during any subsequent interim period prior to its appointment as New Accounting Firm 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 on our financial statements, and neither a written report was provided to us nor oral advice was provided that the New 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 disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (within the meaning of Item 304(a)(1)(v) of Regulation S-K). |
Item 9.01 Financial Statements and Exhibits
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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 hereunto duly authorized.
PANAMERA HOLDINGS CORPORATION |
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/s/ T. Benjamin Jennings |
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T. Benjamin Jennings |
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President, Chief Executive Officer and Director |
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Date: January 31, 2022 |
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EXHIBIT 16.1
January 31, 2022
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read the statements made by Panamera Holdings Corporation under the caption “Previous Independent Accountant” included in this Form 8-K for the event that occurred on January 25, 2022. We are in agreement with the statements contained therein as much as they relate to our firm. We have no basis to agree or disagree with other statements of the registrant contained therein.
Very truly yours,
/s/ MaloneBailey, LLP
www.malonebailey.com
Houston, Texas
