Item 4.01 Changes in Registrant's Certifying Accountant.
On June 2, 2021, GAN Limited (the "Company"), received notice from BDO USA, LLP
("BDO USA") that it had ceased providing services as the Company's independent
registered public accounting firm effective May 27, 2021, as a result of the
audit committee's notification to BDO USA of its dismissal. The Company
subsequently advised BDO USA that the audit committee had not taken formal
action to dismiss BDO USA, and did not have statutory authority under Bermuda
Law to remove an independent auditor. On June 4, 2021 BDO USA notified the
Company that it maintains that it was dismissed effective May 27, 2021. On June
8, 2021 the Company's audit committee determined to treat BDO USA's June 2, 2021
notice as the termination of its position as the Company's independent
registered public accounting firm.
BDO USA was engaged as the Company's independent registered public accounting
firm on April 16, 2021, succeeding BDO, LLP who had served as the Company's
independent registered public accounting firm since 2012. BDO USA conducted a
review of the Company's financial results for the quarterly period ended March
31, 2021. BDO USA has never issued a report on the Company's consolidated
Since its engagement on April 16, 2021 through June 2, 2021, there were no
disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and related
instructions) between the Company and BDO USA on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of BDO USA,
would have caused BDO USA to make reference thereto in its reports on the
Company's consolidated financial statements for 2021. Since BDO USA's engagement
on April 16, 2021 and through June 2, 2021, there were no reportable events, as
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided BDO USA with a copy of the disclosure it is making herein
in response to Item 304(a) of Regulation S-K, and requested that BDO USA furnish
the Company with a copy of its letter addressed to the Securities and Exchange
Commission (the "SEC"), pursuant to Item 304(a)(3) of Regulation S-K, stating
whether or not BDO USA agrees with the statements related to them made by the
Company in this report.
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