false 0001263364 0001263364 2024-01-29 2024-01-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report: January 29, 2024

 

IDAHO COPPER CORPORATION

(Exact name of Registrant as specified in its Charter)

 

Nevada   333-108715   98-0221494
(State or Other Jurisdiction of   (Commission   (I.R.S. Employer
Incorporation)   File Number)   Identification No.)

 

800 W. Main Street, Suite 1460, Boise, Idaho 83702

(Address of Principal Executive Offices)

 

208-274-9220

(Registrant’s Telephone Number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 4.01 CHANGES IN REGISRANT’S CERTIFYING ACCOUNTANT

 

Idaho Copper Corporation (the “Company”) has dismissed Turner, Stone & Company, LLP (the “Former Accounting Firm”) as its independent registered public accounting firm, effective as of January 23, 2024. As described in Item 4.01(a) below, the change in independent registered public accounting firm is not the result of any disagreement with the Former Accounting Firm.

 

Item 4.01(a) Previous Independent Accountants

 

(i) On January 23, 2024, the Company dismissed the Former Accounting Firm as its independent registered public accounting firm effective on that date.

 

(ii) The report of the Former Accounting Firm on the Company’s financial statements as of and for the year ended January 31, 2023, contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles except as set forth in subparagraph (iii) below.

 

(iii) The report of the Former Accounting Firm on the Company’s financial statements as of and for the year ended January 31, 2023, contained an explanatory paragraph which noted that there was substantial doubt as to the Company’s ability to continue as a going concern as the Company has incurred net losses since inception and uncertain conditions exist which the Company faces relative to its obtaining capital in the equity markets.

 

(v) The Company’s Board made the decision to change independent accountants, acting under authority delegated to it, and approved the change of the independent accountants at a meeting on January 24, 2024.

 

(iv) During the fiscal year ending January 31, 2023, and during the interim period through January 24, 2024, there (i) have been no disagreements with the Former Accounting Firm 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 the Former Accounting Firm, would have caused the Former Accounting Firm to make reference to the subject matter of such disagreements in its reports on the financial statements for such years, and (ii) were no reportable events of the kind referenced in Item 304(a)(1)(v) of Regulation S-K.

 

The Company requested that the Former Accounting Firm furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of the letter from the Former Accounting Firm is attached hereto as Exhibit 16.1 to this Current Report on Form 8-K.

 

Item 4.01(b) New Independent Accountants

 

On January 25, 2024, the Company engaged GreenGrowth CPAs, Inc. (the “New Accounting Firm”) as our independent registered public accounting firm for the year ended January 31, 2024. The Board made the decision to engage the New Accounting Firm acting under authority delegated to it, and the Board of Directors approved the same on January 25, 2024.

 

The Company has not consulted with the New Accounting Firm during our two most recent fiscal years or during any subsequent interim period prior to January 25, 2024 (the date of the New Accounting Firm’s appointment), regarding (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us nor oral advice was provided that the New Accounting Firm concluded was an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue; or (iii) any matter that was either the subject of disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (within the meaning of Item 304(a)(1)(v) of Regulation S-K).

 

Exhibits

 

16.1 Letter from Turner, Stone & Company, LLP
104 Inline XBRL for the cover page of this Current Report on Form 8-K

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: January 29, 2024

 

  IDAHO COPPER CORPORATION
     
  By: /s/ Robert Scannell
  Name: Robert Scannell
  Title: Chief Financial Officer

 

 

 

Exhibit 16.1

 

 

 

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Jan. 29, 2024
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Document Period End Date Jan. 29, 2024
Entity File Number 333-108715
Entity Registrant Name IDAHO COPPER CORPORATION
Entity Central Index Key 0001263364
Entity Tax Identification Number 98-0221494
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 800 W. Main Street
Entity Address, Address Line Two Suite 1460
Entity Address, City or Town Boise
Entity Address, State or Province ID
Entity Address, Postal Zip Code 83702
City Area Code 208
Local Phone Number 274-9220
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Pre-commencement Issuer Tender Offer false
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