8-K: Rumble Inc. Announces Auditor Change Following Moss Adams Merger with Baker Tilly

Rumble Inc. has announced a change in its independent registered public accounting firm from Moss Adams LLP to Baker Tilly US, LLP, effective June 3, 2025, due to a merger between the two accounting firms.

Summary

• Rumble Inc. (the "Company") was notified on June 3, 2025, that its independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP on the same date.
• Following the merger, Moss Adams LLP resigned as the Company's auditors.
• The Audit Committee of Rumble Inc.'s Board of Directors approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
• Audit reports issued by Moss Adams LLP for the years ended December 31, 2024, and 2023, did not contain any adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
• There were no disagreements with Moss Adams LLP on accounting principles, financial statement disclosure, or auditing scope/procedure during the years ended December 31, 2024, and 2023, or the subsequent interim period through June 3, 2025.
• No reportable events requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K occurred during the specified periods.
• Neither the Company nor anyone on its behalf consulted with Baker Tilly US, LLP regarding accounting principles or audit opinions prior to their appointment, nor any disagreements or reportable events.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document reports a routine, procedural change in the company's independent registered public accounting firm due to a merger, with no reported disagreements or negative implications.

Positives

• The transition of the independent registered public accounting firm was a result of a merger between the previous auditor and the new auditor, indicating a procedural change rather than a performance-related issue.
• Moss Adams LLP's audit reports for the years ended December 31, 2024, and 2023, were unqualified, with no adverse opinions or disclaimers.
• There were no disagreements on accounting principles, financial statement disclosure, or auditing scope/procedure with Moss Adams LLP during the relevant periods.
• No reportable events were identified, suggesting a clean audit history with the former firm.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's financial performance or strategic direction.

Management Comments

• Brandon Alexandroff, Chief Financial Officer, signed the report on behalf of Rumble Inc.

Industry Context

Changes in independent registered public accounting firms are common in the financial industry, often occurring due to mergers or acquisitions between accounting firms, as seen in the case of Moss Adams LLP and Baker Tilly US, LLP. Such changes are typically procedural and require formal disclosure to ensure transparency regarding the company's financial oversight.

Comparison to Industry Standards

• The change in auditors due to a merger of accounting firms is a standard occurrence in the industry, similar to how other public companies might transition auditors when their existing firm undergoes significant structural changes.
• The absence of disagreements or reportable events with the former auditor, Moss Adams LLP, aligns with best practices for a smooth and non-contentious auditor transition, which is a positive indicator of corporate governance.

Corporate Governance

Stakeholder Impact

• Shareholders: The change is procedural and does not indicate any issues with past financial statements, thus having minimal direct impact on shareholders beyond ensuring continued audit oversight.
• Employees: No direct impact on employees is indicated by this change.

Next Steps

• Baker Tilly US, LLP will serve as Rumble Inc.'s independent registered public accounting firm for future audits.

Key Dates

Keywords

Rumble Inc., SEC filing, Form 8-K, auditor change, accounting firm, Moss Adams LLP, Baker Tilly US, LLP, independent registered public accounting firm, corporate governance, financial reporting