Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm.
Based on information provided by Friedman LLP ("Friedman"), the independent
registered public accounting firm of Feutune Light Acquisition Corporation (the
"Company"), effective September 1, 2022, Friedman combined with Marcum LLP
("Marcum") and continued to operate as an independent registered public
accounting firm. Friedman continued to serve as the Company's independent
registered public accounting firm through October 7, 2022. On October 7, 2022,
the Board of Directors of the Company (the "Board") and the Audit Committee of
the Board authorized the replacement of Friedman with Marcum to serve as the
independent registered public accounting firm of the Company for the year ending
December 31, 2022, pending the execution of a formal engagement letter with
Marcum. The services previously provided by Friedman will now be provided by
Marcum once Marcum is engaged. On October 11, 2022, an engagement letter were
executed by Marcum and the Company, effectively immediately.
The Company was incorporated on January 19, 2022 (the "inception"). Therefore,
since its inception, the Company has not filed any annual reports on Form 10-K
and Friedman has not conducted any audit on the Company's consolidated financial
statements for any fiscal year, except that: (i) it has issued a report (the
"IPO Offering Report") for the audited financial statements for the period from
inception through February 2, 2022 in connection with the initial public
offering of the Company (collectively, the "Interim Financial Statements"); (ii)
it has issued a report (the "IPO Closing Report") on the Company's balance sheet
as of June 21, 2022 and the related notes (collectively, the "IPO Closing
Financial Statements") in connection with the closing of the initial public
offering of the Company. Other than the foregoing, Friedman has not issued any
audit report since incorporation, nor has it provided any adverse opinion,
disclaimer of opinion, or report qualified or modified with uncertainty, audit
scope or accounting principle, except that it has expressed uncertainty about
the Company's ability to continue as a going concern in its IPO Report.
Additionally, Friedman's IPO Offering Report and IPO Closing Report did not
contain an adverse opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles, except that
the audit report on the Interim Financial Statements of the Company contained an
uncertainty about the Company's ability to continue as a going concern.
Since the Company's inception and during such interim period through October 7,
2022, there were no disagreements with Friedman on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of Friedman,
would have caused Friedman to make reference to the subject matter of the
disagreements in connection with its reports on the Company's consolidated
financial statements for such periods. Also, during this time, there were no
"reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Friedman with a copy of the above disclosures and requested
that Friedman furnish the Company with a letter addressed to the Securities and
Exchange Commission stating whether or not it agrees with the statements made
above. A copy of Friedman's letter dated October 7, 2022 is attached as Exhibit
16.1 to this Current Report on Form 8-K.
(b) Appointment of New Independent Registered Public Accounting Firm.
On October 11, 2022, the Company engaged Marcum as the Company's independent
registered public accounting firm for the fiscal year ending December 31, 2022,
effective immediately. During the fiscal years ended December 31, 2021 and
through October 11, 2022, neither the Company nor anyone on its behalf consulted
with Marcum regarding (i) the application of accounting principles to any
specified transaction, either completed or proposed or the type of audit opinion
that might be rendered on the Company's financial statements, and neither a
written report nor oral advice was provided to the Company that Marcum concluded
was an important factor considered by the Company in reaching a decision as to
any accounting, auditing, or financial reporting issue, or (ii) any matter that
was either the subject of a "disagreement," as defined in Item 304(a)(1)(iv) of
Regulation S-K, or a "reportable event," as defined in Item 304(a)(1)(v) of
Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
16.1 Letter from Friedman LLP regarding the change in the Registrant's
certifying accountant, dated October 14, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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