20-F/A: Core AI Holdings Files 20-F/A Amendment

Core AI Holdings, Inc. files Amendment No. 1 to its Form 20-F for the fiscal year ended December 31, 2025, primarily to include a consent letter from its former independent accounting firm.

Summary

• This filing is an amendment (No. 1) to Core AI Holdings, Inc.'s Annual Report on Form 20-F for the fiscal year ended December 31, 2025.
• The amendment's primary purpose is to include Exhibit 10.24, a letter from Barzily & Co., CPAs (the company's former registered independent accounting firm).
• In this letter, Barzily & Co. consents to the statements made by Core AI Holdings, Inc. in Item 16F of its Form 20-F regarding them.
• The filing also includes certifications from the CEO and CFO regarding the accuracy and fairness of the report, and the effectiveness of disclosure controls and procedures.
• As of December 31, 2025, the company had 19,922,402 Common Shares outstanding.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a procedural amendment to an annual report and does not introduce new financial performance data or strategic initiatives.

Positives

• The company has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.
• The CEO and CFO have certified that the financial statements and other financial information fairly present the company's condition, results, and cash flows.
• The company has submitted all Interactive Data Files required for the preceding 12 months.

Negatives

• The filing indicates that Barzily & Co. is the company's *former* registered independent accounting firm, suggesting a change in auditors.
• The filing does not contain any financial statements or detailed operational results for the fiscal year 2025, as it is an amendment focused on an exhibit.

Risks

• The change in independent registered public accounting firm (Barzily & Co. being the former firm) could indicate underlying issues or disagreements, though not explicitly stated.
• The lack of detailed financial performance in this amendment means that the financial health and operational risks for FY2025 are not addressed here.

Future Outlook

This amendment does not contain any forward-looking statements or guidance. It is primarily an administrative filing to include an exhibit.

Management Comments

• Aitan Zacharin (CEO) certifies that the report does not contain untrue statements of material fact and that financial information fairly presents the company's condition.
• Gerald Bernstein (CFO) certifies that the report does not contain untrue statements of material fact and that financial information fairly presents the company's condition.
• Both CEO and CFO confirm responsibility for and evaluation of disclosure controls and procedures.
• Both CEO and CFO have disclosed significant deficiencies or material weaknesses in internal controls to auditors and the audit committee, if any.

Industry Context

StockSavvy.ai notes that this filing is an amendment to an annual report, a common procedural step for companies to rectify or supplement previous filings. The inclusion of a letter from a former accounting firm highlights the importance of auditor relationships and regulatory compliance in the technology and AI sectors.

Stakeholder Impact

• Shareholders are provided with updated regulatory filings, ensuring transparency.
• Investors can note the change in accounting firms, which may warrant further investigation into the reasons for the change.

Next Steps

• The company has completed the filing of Amendment No. 1 to its Form 20-F.
• The company will continue to operate under its existing structure and reporting obligations.

Key Dates

Keywords

Form 20-F/A, Amendment, Core AI Holdings, SEC Filing, Annual Report, Barzily & Co., Accounting Firm, Certification, Disclosure Controls