AI Technology Group Inc. has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC), detailing significant changes in its accounting firm. The filing, dated October 2, 2026, is important for investors and stakeholders as it impacts the company’s financial reporting and oversight.
Background on AI Technology Group Inc.
AI Technology Group Inc. is a Nevada-based company primarily involved in manufacturing motors and generators. The company has undergone several name changes in the past, previously known as Energenx, Inc. and Edward II Inc. This filing is part of their compliance with the Securities Exchange Act of 1934, which requires public companies to disclose material events that could affect their financial condition.
Details of the Filing
The SEC filing (accession number 0001477932-26-005980) outlines the following key points:
On May 7, 2026, the Board of Directors requested that Michael Gillespie & Associates, PLLC resign as the Company’s independent registered public accounting firm. Gillespie & Associates subsequently tendered its resignation on the same date.
On August 31, 2026, upon the recommendation of the Company’s board, the Company finalized its engagement with Fruci & Associates II, PLLC as its new independent registered public accounting firm effective immediately.
The filing indicates that Gillespie & Associates did not issue any adverse opinions on the company’s financial statements for the fiscal years ended December 31, 2023, and December 31, 2024. However, there was an explanatory paragraph regarding the company’s ability to continue as a going concern.
During the fiscal years ended December 31, 2023, and December 31, 2024, there were no disagreements between AI Technology Group and Gillespie & Associates regarding accounting principles or practices. However, issues arose during preliminary audit procedures for the year ending December 31, 2025, particularly concerning an acquisition agreement with Biomed 360 Solutions Corp. and AVM Biotechnology Inc.
Gillespie & Associates raised questions about the accounting treatment of certain loans related to this acquisition, which were not resolved before their resignation.
Impact of the Changes
The changes in accounting firms may affect various stakeholders, including investors, creditors, and employees. Investors may be particularly concerned about the implications of the resignation of Gillespie & Associates, especially given the unresolved issues related to the 2025 financial statements. The new firm, Fruci & Associates, will now oversee the audit of the company’s financial statements for the fiscal year ending December 31, 2025, which will be closely monitored by stakeholders.
What’s Next?
The filing does not specify what happens next regarding the financial oversight of AI Technology Group Inc. However, the company will need to ensure that Fruci & Associates can address the previous concerns raised by Gillespie & Associates and complete the audit for the fiscal year ending December 31, 2025.