8-K: RetinalGenix Changes Auditors Amid Going Concern Warning

RetinalGenix Technologies Inc. announced the resignation of its independent auditor, Liebman Hymowitz, LLP, effective July 13, 2026, and the appointment of Vilki & Co. as its new auditor.

Summary

• RetinalGenix Technologies Inc. has announced a change in its independent registered public accounting firm.
• Liebman Hymowitz, LLP (LH) resigned as the Company's auditor, effective July 13, 2026.
• LH's audit report for the years ended December 31, 2025, and 2024, included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
• There were no disagreements with LH on accounting principles, financial statement disclosures, or auditing procedures.
• Vilki & Co., Charted Accountants, has been engaged as the new independent registered public accounting firm for the year ending December 31, 2026, effective July 15, 2026.
• The Company did not consult with Vilki & Co. on any accounting or auditing matters prior to their engagement.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as negative due to the explicit mention of substantial doubt about the company's ability to continue as a going concern, despite the procedural nature of an auditor change.

Positives

• The company has promptly appointed a new auditor to ensure continued financial oversight.
• There were no disagreements with the outgoing auditor on accounting principles or practices.

Negatives

• The outgoing auditor's report included an explanatory paragraph expressing substantial doubt about the Company's ability to continue as a going concern.
• The company's financial health is under scrutiny due to the going concern warning.

Risks

• Substantial doubt about the Company's ability to continue as a going concern, as noted in the previous auditor's report.
• Potential challenges in transitioning to a new auditing firm and ensuring continuity in financial reporting.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding future financial performance. The appointment of a new auditor is a procedural step.

Management Comments

• The Company has provided LH with a copy of the disclosures contained in this Current Report on Form 8-K and has requested that LH furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether LH agrees with the statements made herein.

Industry Context

StockSavvy.ai notes that auditor changes, especially when accompanied by a going concern warning, are significant events that can signal underlying financial distress or strategic shifts. Investors closely monitor such announcements for potential impacts on financial reporting integrity and company stability.

Stakeholder Impact

• Shareholders: Increased uncertainty regarding the company's financial stability and future viability due to the going concern warning.
• Creditors: Potential concerns about the company's ability to meet its financial obligations.
• Investors: Heightened scrutiny of the company's financial reporting and operational performance.

Next Steps

• Filing of Liebman Hymowitz, LLP's letter as Exhibit 16.1 to the Current Report on Form 8-K, or by amendment when received.

Key Dates

Recommendation

The filing indicates a significant concern regarding the company's ability to continue as a going concern, which warrants caution. However, the change in auditor is a procedural event, and without further financial performance data or strategic updates, a 'hold' recommendation is appropriate pending more clarity on the company's financial health and operational trajectory.

Keywords

auditor change, going concern, Form 8-K, RetinalGenix Technologies, Liebman Hymowitz, Vilki & Co., financial reporting, SEC filing