UTKN 8-K
Universal Token (UTKN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549 FORM
CURRENT REPORT
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Item 4.01 Change in Issuer’s Certifying Accountant
Item 4.01 Changes in Issuer’s Certifying Accountants. The Board of Directors (the “Board”) of UNIVERSAL TOKEN, INC. (the “Company”) recently conducted a competitive selection process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The Committee invited several public accounting firms to participate in the process. As a result of this process, the Committee approved the appointment of CNGSN & Associates LLP (“CNGSN”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The decision to change accountants to CNGSN from M.S. Mahava Rao (“RAO”) was approved by the Board, effective December 19, 2025. The reports of RAO on the Company’s financial statements as of and for the fiscal years ended December 31, 2024 did not contain an adverse opinion or disclaimer of opinion, were qualified as to the Company’s ability to continue as a going concern but were not qualified as to audit scope or accounting principles. During the fiscal year ended December 31, 2024, and the subsequent interim period preceding such dismissal, (i) there was no disagreement with RAO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreement, if not resolved to the satisfaction of RAO, would have caused RAO to make reference to the subject matter of the disagreement in connection with their reports, and (ii) there were no “reportable events” within the meaning of Item 304(a) (1)(v) of Regulation S-K. The Company has provided RAO with a copy of the disclosures contained in this Form 8-K and has requested that RAO furnish to the Company a letter addressed to the Securities and Exchange Commission stating whether RAO agrees with the statements contained herein and, if not, stating the respects in which it does not agree. A copy of the letter from RAO concurring with the statements contained herein is attached as Exhibit 16.1 to this Form 8-K. (b) During the fiscal year ended December 31, 2024 and the subsequent interim period preceding such appointment, the Company did not consult with RAO regarding (i) either 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 (ii) any matter that was either the subject of a disagreement with RAO or a “reportable event” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
Item 9.01: Financial Statements and Exhibits.
(d) Exhibits
16 RAO Letter
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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
Universal Token, Inc.
| By /s/George Athanasiadis | (Signature and Title) |
| /s/George Athanasiadis | CEO/Director |
| By /s/Alexander Borodich | (Signature and Title) |
| /s/Alexander Borodich | Chairman |
Date 12/22/2025
Exhibit 16
December 22, 2025
Securities and Exchange Commission
100 F Street NE
Washington D.C. 20549
Ladies and Gentlemen:
We were previously the principal accountants for Universal Token, Inc. (formerly Eco Bright Future, Inc.) and Subsidiaries (the Company) and on April 8, 2025, we reported on the consolidated financial statements of the Company as of and for the year ended December 31, 2024 and the subsequent interim reports preceding the new appointment.
We have read the statements made by the Company, which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K of Universal Token, Inc. (formerly Eco Bright Future, Inc.) and Subsidiaries dated December 22, 2025. We agree with the statements concerning our Firm in such Form 8-K. We have no basis to agree or disagree with other statements made in Item 4.01 of Form 8-K.
Respectfully,
M.S. Madhava Rao
Bangalore, India
December 22, 2025