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Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934


Date of report (Date of earliest event reported): June 20, 2024



(Exact name of registrant as specified in its charter)


Nevada   001-39946   30-0943453

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)


2468 Industrial Row Dr.

Troy, MI

(Address of principal executive offices)   (Zip Code)


Registrant’s telephone number, including area code: (617) 896-5243



(Former name or former address, if changed since last report)


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:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   AGFY   Nasdaq Capital Market


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. Change in Registrant’s Certifying Accountant.


(a) The Audit Committee of the Board of Directors (the “Board”) of Agrify Corporation (the “Company”) annually considers and recommends to the Board the selection of independent public accountants. Marcum LLP (“Marcum”) has served as the Company’s independent auditors since 2020. In May 2024, the Board determined that it would be in the best interests of the Company and its stockholders to solicit bids from other independent audit firms. On June 20, 2024 after an evaluation process, the Audit Committee dismissed Marcum as the Company’s independent registered public accounting firm as of the effective date of the Company’s engagement with MATSUURA (“Matsuura”) as described below.


Marcum’s audit report dated April 15, 2024 on the Company’s consolidated financial statements as of and for the years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles, other than the explanatory paragraph regarding the Company’s ability to continue as a going concern.


During the fiscal years ended December 31, 2023 and 2022 and subsequent interim periods through the date of dismissal, there have been no: (i) “disagreements” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Marcum, would have caused them to make reference thereto in their report on the financial statements or (ii) “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K), except that Marcum concurred with the Company’s assessment of a material weakness related to the Company’s internal controls over financial reporting.


The Company provided Marcum with a copy of the foregoing disclosure to this Item 4.01 and has requested that Marcum furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company set forth above. Attached as Exhibit 16.1 is a copy of Marcum’s letter, dated June 24, 2024, stating their agreement with such statements.


(b) As a result of the process noted above, the Audit Committee appointed Matsuura as the Company’s independent registered public accounting firm, effective as of June 25, 2024. Matsuura’s engagement will be for the Company’s fiscal year ending December 31, 2024 and related interim periods ending after the effective date of Matsuura’s engagement.


During the years ended December 31, 2023 and 2022, and through June 25, 2024, the Company did not consult Matsuura with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, or any other matters or reportable events as defined in Item 304(a)(2)(i) and (ii) of Regulation S-K.


Item 9.01. Financial Statement and Exhibits.


(d) Exhibits.


Exhibit No.   Description
16.1   Letter from Marcum LLP regarding change in certifying accountant
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).







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


Date: June 26, 2024 By: /s/ Raymond Nobu Chang
    Raymond Nobu Chang
    Chief Executive Officer






Exhibit 16.1


June 24, 2024


Securities and Exchange Commission
100 F Street, N.E.

Washington, DC 20549




We have read the statements made by Agrify Corporation under Item 4.01 of its Form 8-K dated June 21, 2024. We agree with the statements concerning our Firm in such Form 8-K; we are not in a position to agree or disagree with other statements of Agrify Corporation and Subsidiaries contained therein.


Very truly yours,


/s/ Marcum LLP

Marcum LLP