Company: SHPH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001493152-25-008300
Chunk: 981

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 981
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 Disagreements with Accountants on Accounting and Financial Disclosure 

On
March 21, 2023, the Company’s audit committee selected Forvis Mazars, LLP (the “New Accountant”) to serve as the Company’s
independent registered public accounting firm for the review of its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for
the year ending December 31, 2023. As a result, the audit committee determined that BF Borgers CPA PC (the “Former Accountant”)
would no longer serve as the Company’s independent registered public accounting firm, effective as of March 21, 2023.

On
March 22, 2023, the Company filed a Current Report on Form 8-K (the “Original Form 8-K”) with the SEC disclosing the changes
in its certifying accountant.

As
disclosed in the Original Form 8-K, the Former Accountant’s audit report on our financial statements for the years ended December
31, 2021 and 2022 contained no adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope
or accounting principles, except that the audit report on the financial statements of the Company for the year ended December 31, 2021
contained an uncertainty about the Company’s ability to continue as a going concern (the “Going Concern Opinion”).
The Former Auditor’s Going Concern Opinion was resolved following the Company’s completion of its approximately $11.4 million
initial public offering in September 2022 and subsequent $4.0 million private placement in January 2023.

When
the Former Accountant was engaged through its dismissal in March 2023, for the years ended December 31, 2022 and 2021 and through the
date of the Original Form 8-K, the Company had no “disagreements” (as defined in Regulation S-K, Item 304(a)(1)(iv) and the
related instructions) with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreements if not resolved to the satisfaction of the Former Accountant would have caused them
to make reference thereto in their reports on the financial statements for such periods.

There
were no reportable events for the years ended December 31, 2022 or 2021 and through the date of the Original Form 8-K, there were no
reportable events as defined in