Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 59

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9
Chunk 59
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On
May 3, 2024, the Board of Directors of C2 Blockchain, Inc. (the “Company”), consisting solely of Levi Jacobson, approved
the dismissal of BF Borgers CPA PC (“BF Borgers”) as the Company’s independent registered public accounting firm.

The
audit reports issued by BF Borgers for the fiscal years ended June 30, 2023, and June 30, 2022, did not contain any adverse opinions
or disclaimers of opinion and were not qualified or modified with respect to uncertainty, audit scope, or accounting principles, except
for an explanatory paragraph regarding the Company’s ability to continue as a going concern.

During
the fiscal years ended June 30, 2023, and June 30, 2022, and up to the termination date of May 3, 2024, there were no disagreements with
BF Borgers on any matters of accounting principles or practices, financial statement disclosures, or auditing scope or procedures that
would have required BF Borgers to reference such disagreements in its reports.

Additionally,
during these periods and through May 3, 2024, there were no “reportable events,” as defined in Item 304(a)(1)(iv) and Item
304(a)(1)(v) of Regulation S-K, except for the material weaknesses in internal control over financial reporting previously disclosed
in the Company’s Annual Report.

The
Company provided BF Borgers with a copy of the disclosure made herein in response to Item 304(a) of Regulation S-K. BF Borgers is not
currently permitted to appear or practice before the Securities and Exchange Commission (“SEC”), as noted in the SEC’s
Staff Statement on Issuer Disclosure and Reporting Obligations in Light of Rule 102(e) Order against BF Borgers CPA PC, issued on May
3, 2024. Accordingly, if BF Borgers does not furnish a letter to the SEC pursuant to Item 304(a)(3) of Regulation S-K stating whether
it agrees with the statements made herein, no further action will be taken by the Company.

On
May 9, 2024, the sole director approved the engagement of Michael Gillespie & Associates, PLLC (PCAOB ID: 6108) as the Company’s
independent registered public accounting firm, effective immediately. Michael Gillespie & Associates, PLLC has since conducted the
audit of the fiscal year ended June 30, 2024, performed reviews of interim