Q/C Technologies, Inc. Announces Change in Independent Registered Public Accounting Firm

Q/C Technologies, Inc. (NASDAQ: QCLS) has announced a significant change to its financial oversight structure that shareholders should be aware of. On March 9, 2026, the company dismissed Stephano Slack LLC as its independent registered public accounting firm and subsequently engaged Grassi & Co., CPAs, P.C. (“Grassi”) as its new independent auditor, effective immediately.

Key Points from the Form 8-K Filing

• Dismissal of Stephano Slack LLC:
  • Stephano Slack’s report for the years ended December 31, 2024 and 2023 included a crucial “going concern” warning. The report stated: “The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the consolidated financial statements, the Company has experienced a net loss and negative cash flows from operations for the year ended December 31, 2024, which raises substantial doubt about their ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.”
  • There were no disagreements or reportable events between Q/C Technologies, Inc. and Stephano Slack regarding accounting principles, disclosures, or auditing scope during their engagement (October 3, 2023, through March 9, 2026).
  • Stephano Slack was given the chance to review and respond to these disclosures before filing, and their formal letter to the SEC is attached as Exhibit 16.1 in the filing.
• Appointment of Grassi & Co., CPAs, P.C.:
  • Effective March 9, 2026, Grassi was appointed as the new independent registered public accounting firm.
  • During the fiscal years ended December 31, 2025 and 2024, and up to the engagement date, neither the company nor anyone on its behalf had consulted Grassi regarding (i) the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered, or (ii) any disagreement or reportable event as defined by SEC regulations.

Potential Price-Sensitive Information for Shareholders

• Going Concern Warning: The prior auditor’s going concern qualification is a notable risk factor. This highlights ongoing concerns about the company’s ability to continue operations without additional financing or a turnaround in operating performance.
• Change in Auditors: A change in the independent audit firm can sometimes signal upcoming changes in accounting practices, financial reporting, or company direction. While the company disclosed no disagreements or reportable events, shareholders should monitor subsequent filings for any new financial reporting issues or changes in financial statements under the new auditor.
• Exhibits and Transparency: The company has attached the auditor’s letter as an exhibit, reinforcing transparency regarding the change. Investors are encouraged to review the exhibit for any additional context.

Other Key Facts

• Trading Information: Q/C Technologies, Inc. is listed on NASDAQ under the symbol QCLS. The common stock has a par value of \$0.001 per share.
• Emerging Growth Company: The company is not classified as an emerging growth company, and it has not elected to use the extended transition period for complying with any new or revised financial accounting standards.
• No Pre-commencement or Soliciting Communications: The filing is not intended to satisfy any written communication, soliciting material, or pre-commencement tender offer obligations under SEC rules.

What Investors Should Watch For

• This change in auditor, coupled with the previous going concern warning, may impact investor confidence and the share price in the near term.
• Monitor upcoming filings from Q/C Technologies, Inc. for any changes in financial results or disclosures arising from the new auditor’s review.
• Pay attention to the company’s ability to address its financial challenges, as the going concern warning signals a need for improvement in cash flows and operational performance.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisor prior to making any investment decisions. The author is not responsible for any investment actions taken based on this article.

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