# EDGAR Filing Document

**Accession Number:** 0001318268
**File Stem:** 0001753926-25-001294
**Filing Date:** 2025-8
**Character Count:** 9924
**Document Hash:** 810c1c0482d57a0fc1699fa5fc0dcdb5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001753926-25-001294.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001753926-25-001294

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20240520

**ITEM INFORMATION**: Changes in Registrant's Certifying Accountant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Madison Technologies Inc.
- **CENTRAL INDEX KEY:** 0001318268
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51302
- **FILM NUMBER:** 251208304

**BUSINESS ADDRESS:**
- **STREET 1:** 2500 WESTCHESTER AVENUE
- **STREET 2:** SUITE 401
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** (212) 257-4193

**MAIL ADDRESS:**
- **STREET 1:** 2500 WESTCHESTER AVENUE
- **STREET 2:** SUITE 401
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MADISON EXPLORATIONS, INC.
- **DATE OF NAME CHANGE:** 20100330

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MADISON EXPLORATIONS INC.
- **DATE OF NAME CHANGE:** 20070207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Madison Explorations Inc.
- **DATE OF NAME CHANGE:** 20050217

?xml version='1.0' encoding='ASCII'?

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): May 20, 2024

**Madison Technologies Inc.**

(Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| **<u>Nevada</u>** | **<u>85-2151785</u>** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

**Commission File No. <u>000-51302</u>**

**<u>2500 Westchester Avenue, Purchase, NY 10577</u>**

(Address of Principal Executive Offices)

**<u>(212) 257-4193</u>**

(Registrants's telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **None** | **None** | **None** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 4.01. Changes in Registrant's Certifying Accountant**

(a) <u>Dismissal of Independent Registered Public Accounting Firm</u>

The financial statements of Madison Technologies Inc. (the "Company"), for the years ended December 31, 2022 and 2021, were audited by BF Borgers CPA, PC ("Borgers"). On May 3, 2024, the Securities and Exchange Commission (the "SEC") announced that it had settled charges against Borgers that it failed to conduct audits in accordance with the standards of the Public Company Accounting Oversight Board (the "PCAOB"). As part of the settlement, Borgers agreed to a permanent ban on appearing or practicing before the SEC.

As a result of Borgers' settlement with the SEC, the Company has decided to dismiss Borgers as its independent accountant, effective May 20, 2024. The decision to dismiss Borgers as the Company's independent registered public accounting firm was approved by the Company's board of directors.

During the Company's two years ended December 31, 2023 and 2022 and the subsequent interim period through May 20, 2024, there were no disagreements, within the meaning of Item 304(a)(1)(iv) of Regulation S-K, with Borgers 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 Borgers, would have caused it to make reference to the subject matter of the disagreements in connection with its reports. Also, during this same period, there were no reportable events that existed within the meaning of Item 304(a)(1)(v) of Regulation S-K and the related instructions thereto.

The Company provided Borgers with the disclosures under this Item 4.01(a), and requested Borgers to furnish the Company with a letter addressed to the SEC stating whether it agrees with the statements made by the Company in this Item 4.01(a) and, if not, stating the respects in which it does not agree. Borgers' letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.

(b) <u>Engagement of New Independent Registered Public Accounting Firm</u>

On May 21, 2024, following approval by the Audit Committee of the Board of Directors, the Company appointed SRCO Professional Corporation ("SRCO") as the new independent registered public accounting firm of the Company.

During the fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through May 21, 2024, the effective date of SRCO's appointment, neither the Company, nor any party on behalf of the Company, consulted with SRCO with respect to either (i) except as described in the paragraph that immediately follows, the application of accounting principles to a specified transaction, either completed or proposed, or the type of the audit opinion that might be rendered with respect to the Company's consolidated financial statements, and no written report or oral advice was provided to the Company by Salberg that 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 subject to any disagreement (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

**Item 9.01. Financial Statements and Exhibits.**

**(d)**

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| | |
|:---|:---|
| **Exhibits** | **Item** |
| [16.1](g084850_ex16-1.htm) | [Letter from Borgers](g084850_ex16-1.htm) |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | **MADISON TECHNOLOGIES INC.** |
| Dated: August 12, 2025 | By: *<u>/s/ Thomas Amon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>* |
|  | Thomas Amon |
|  | Chief Executive Officer |

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## Exhibit 16.1

**Exhibit 16.1**

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| | |
|:---|:---|
| ![](img001_v1.jpg) | **SRCO Professional Corporation**<br> **Chartered Professional Accountants**<br> **Licensed Public Accountants**<br> Park Place Corporate Centre<br> 15 Wertheim Court, Suite 409<br> Richmond Hill, ON L4B 3H7, Canada<br>Tel: 905 882 9500 & 416 671 7292<br> Fax: 905 882 9580<br> Email: info@srco.ca<br> www.srco.ca |

---

May 14, 2024

BF Borgers CPA PC

5400 W Cedar Ave,

Lakewood CO 80226

United States

<u>Attention: Mr. Ben Borgers, CPA, Managing Partner</u>

To assist us in making our decision to accept an engagement to audit in accordance with standards of Public Company Accounting Oversight Board (United States) ("PCAOB"), the consolidated financial statements of Madison Technologies Inc. for the year ended December 31, 2023, please provide us with information about the following:

1) Information that might bear on the integrity of management of Madison Technologies Inc.. none

2) Disagreements with management of Madison Technologies Inc. about accounting principles, audit scope, or other significant matters. none

3) Communications to the management and those charged with governance of Madison Technologies Inc. regarding fraud, illegal acts, and internal control matters. internal control as disclosed. nothing else.

4) Your understanding of the reasons for the change of auditors. nothing accounting.

5) Your understanding of the nature of Madison Technologies Inc.'s relationships and transactions with related parties and significant unusual transactions. as disclosed

If for any reason you are unable to fully respond, please indicate that your response is limited.

We agree to subject any communication received from you to our normal policies for retention of workpapers and protection of confidential client information.

Please send your reply directly to us or if you choose to respond orally or via email please contact Sohail Raza at +1 416 671 7292 or at sohail.raza@srco.ca. We sincerely appreciate your timely cooperation with this request.

Yours very truly,

*SRCO Professional Corporation*

CHARTERED PROFESSIONAL ACCOUNTANTS

Authorized to practice public accounting by the

Chartered Professional Accountants of Ontario