PWDY 8-K
Powerdyne International, Inc. (PWDY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) Resignation of Independent Registered Public Accounting Firm.
On April 7, 2025, Olayinka Oyebola & Co. was dismissed as independent registered public accounting firm for Powerdyne International, Inc. (the “Company”).
The audit report of Olayinka Oyebola & Co. on the consolidated financial statements of the Company for each of the most recent fiscal year ended December 31, 2023, did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s fiscal year ended December 31, 2023 and during the subsequent interim period from January 1, 2024 through April 7, 2025, (i) there were no disagreements with Olayinka Oyebola & Co. on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to Olayinka Oyebola & Co. satisfaction, would have caused Olayinka Oyebola & Co. to make reference to the subject matter of the disagreement in connection with its reports, and (ii) there were no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Olayinka Oyebola & Co. with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission (the “SEC”). A copy of Olayinka Oyebola & Co. letter, dated April 8, 20254, to the SEC, stating whether it agrees with the statements made in this report, is filed as Exhibit 18.1 to this report.
(b) Engagement of New Independent Registered Public Accounting Firm.
On April 8, 2025, the Company engaged LAO Professionals as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision to appoint was approved by the Company’s Board of Directors.
During the fiscal year ended December 31, 2023 and during the subsequent interim period from January 1, 2024 through April 7, 2025, neither the Company nor anyone on its behalf consulted LAO Professionals 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 the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that LAO Professionals concluded 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 either the subject of a “disagreement” or a “reportable event,” each as defined in Regulation S-K Item 304(a)(1)(v), respectively.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description: | |
| 18.1 | Letter from Olayinka Oyebola & Co. , dated April 11, 2025, to the Securities and Exchange Commission | |
| 104 | Cover Page Interactive Data File (formatted in iXBRL) |
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 hereunder duly authorized.
| POWERDYNE INTERNATIONAL, INC | ||
| Date: April 11, 2025 | By: | /s/ James O’Rourke |
| James O’Rourke | ||
| Chief Executive Officer | ||
Exhibit 18.1
April 11, 2025
United States Securities and Exchange
Commission Office of the Chief Accountant
100 F Street, N.E.
Washington, D.C.
20549
Re: Powerdyne International, Inc.
Dear Sirs/Madams,
We have read the statements under item 4.01 in the Form 8-K dated April 9, 2025, of Powerdyne International, Inc. to be filed with the Securities and Exchange Commission and we agree with such statements therein as related to our firm.
Regards,
Yours faithfully,
For: Olayinka Oyebola & Co
Yinka Oyebola FCA
Managing Partner/CEO