8-K: C1 Fund Inc. Appoints CBIZ CPAs as New Auditor

C1 Fund Inc. announced the dismissal of BDO USA, P.C. and the engagement of CBIZ CPAs P.C. as its new independent registered public accounting firm.

Summary

• C1 Fund Inc. (the Company) dismissed BDO USA, P.C. (BDO) as its independent registered public accounting firm, effective March 16, 2026.
• BDO's report on the Company's consolidated financial statements for the interim period from August 16, 2024, to June 30, 2025, did not contain an adverse opinion, disclaimer of opinion, or any qualification or modification.
• There were no disagreements with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, nor were there any reportable events, as defined by Regulation S-K.
• The Company engaged CBIZ CPAs P.C. (CBIZ) as its new independent registered public accounting firm, effective immediately on March 17, 2026.
• CBIZ will conduct the audit for the Company's fiscal year ending December 31, 2025.
• Neither the Company nor anyone on its behalf consulted with CBIZ regarding accounting principles or audit opinions prior to the engagement that would constitute a disagreement or reportable event.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. The absence of reported disagreements or reportable events with the outgoing auditor suggests a smooth, non-problematic transition, which is generally favorable for investor confidence.

Positives

• The dismissal of BDO USA, P.C. was not due to any disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
• BDO's previous audit report for the interim period was unqualified, indicating no issues with past financial statements.

Future Outlook

CBIZ CPAs P.C. has been engaged to serve as the independent registered public accounting firm for the Company's audit for the fiscal year ending December 31, 2025.

Industry Context

StockSavvy.ai notes that changes in independent registered public accounting firms are a routine occurrence in the corporate landscape. The explicit statement that there were no disagreements or reportable events with the outgoing auditor, BDO USA, P.C., is a crucial detail that often mitigates potential investor concerns that might arise from such a change.

Corporate Governance

Stakeholder Impact

• Shareholders: The change ensures continued independent oversight of financial statements, with no reported issues from the transition, maintaining confidence in financial reporting integrity.

Next Steps

• The Company will file a Current Report on Form 8-K/A when BDO USA, P.C. provides a letter addressed to the SEC stating whether it agrees with the disclosures made in this Current Report.

Key Dates

Recommendation

The filing details a routine change in the independent registered public accounting firm with no reported disagreements or reportable events. This suggests a standard operational adjustment rather than a material issue impacting the company's fundamentals or outlook. This information alone does not warrant a change in investment position.

Keywords

C1 Fund Inc., CFND, auditor change, independent registered public accounting firm, BDO USA, CBIZ CPAs, SEC filing, 8-K, corporate governance