Item 4.01 Changes in Registrant's Certifying Accountant.
a) Dismissal of Independent Registered Public Accounting Firm.
Based on information provided by Friedman LLP ("Friedman"), the independent
registered public accounting firm of Greencity Acquisition Corporation (the
"Company"), effective September 1, 2022, Friedman combined with Marcum LLP
("Marcum") and continued to operate as an independent registered public
accounting firm. Friedman continued to serve as the Company's independent
registered public accounting firm through October 5, 2022. On October 5, 2022,
the Audit Committee of the Board of Directors of the Company dismissed Friedman
and engaged Marcum to serve as the independent registered public accounting firm
of the Company for the year ending December 31, 2022, effective immediately. The
services previously provided by Friedman will now be provided by Marcum.
Friedman's reports on the Company's consolidated financial statements for the
fiscal years ended December 31, 2021 and 2020 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 two most recent fiscal years ended December 31, 2021 and 2020, and
the subsequent interim period through October 5, 2022, there were no
disagreements with Friedman 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 Friedman, would have
caused Friedman to make reference to the subject matter of the disagreements in
connection with its reports on the Company's consolidated financial statements
for such years. Also during this time, there were no "reportable events," as
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Friedman with a copy of the above disclosures and requested
that Friedman furnish the Company with a letter addressed to the Securities and
Exchange Commission stating whether or not it agrees with the statements made
above. A copy of Friedman's letter dated October 5, 2022 is attached as Exhibit
16.1 to this Current Report on Form 8-K.
(b) Appointment of New Independent Registered Public Accounting Firm.
On October 5, 2022, the Company engaged Marcum as the Company's independent
registered public accounting firm for the fiscal year ending December 31, 2022,
effective immediately. During the fiscal years ended December 31, 2021 and 2020
and through October 5, 2022, neither the Company nor anyone on its behalf
consulted with Marcum regarding (i) the application of accounting principles to
any specified transaction, either completed or proposed or the type of audit
opinion that might be rendered on the Company's consolidated financial
statements, and neither a written report nor oral advice was provided to the
Company that Marcum 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," as
defined in Item 304(a)(1)(iv) of Regulation S-K, or a "reportable event," as
defined in Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Title
16.1 Letter from Friedman LLP to the Securities and Exchange Commission
dated October 5, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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