Liquid Meta Announces Change of Auditor

Rhea-AI Summary

Liquid Meta Capital Holdings Ltd. announced a change of auditor, appointing RSM Canada LLP as its new auditor, effective July 22, 2022. The previous auditor, Zeifmans LLP, resigned on the same date. The company reported no disagreements or unresolved issues with Zeifmans regarding audit matters. The decision aims to leverage RSM's expertise in Web3.0 operations. Jonathan Wiesblatt, CEO, expressed gratitude to Zeifmans for their service during the company's early public phases.

Positive

• Appointment of RSM Canada LLP as the new auditor leveraging expertise in Web3.0.
• No disagreements with previous auditor Zeifmans LLP, indicating smooth transition.

Negative

• None.

TORONTO, July 25, 2022 /PRNewswire/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO: LIQD) (FRANKFURT: N5F) (OTC: LIQQF) a decentralized finance infrastructure and technology company focused on bridging the gap between traditional and decentralized finance, today announced that its board of directors (the "Board") has approved a change of the Company's auditor. The Board and the Audit Committee of the Board have appointed RSM Canada LLP ( "RSM") as the company's new auditor, effective as of July 22, 2022 and the Company's former auditor, Zeifmans LLP ( "Zeifmans"), has submitted its resignation, effective July 22, 2022.

There were no disagreements or unresolved issues with Zeifmans on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure. There have been no "reportable events" (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and Zeifmans.

A Notice of Change of Auditor (the "Notice"), together with the response letters from Zeifmans and RSM, has been reviewed by the Audit Committee and the Board and have been filed on www.sedar.com.

"I would like to thank Zeifmans for their efforts over the last year. The firm provided us with excellent services and were instrumental in our RTO transaction last December. Zeifmans has been a valuable resource to Liquid Meta during the Company's first few quarters as a public company. Furthermore, we are very excited to be working with RSM going forward. RSM has a significant amount of experience and expertise working with other similar companies operating in Web3.0" commented Jonathan Wiesblatt, CEO of Liquid Meta.

About Liquid Meta

Liquid Meta is a decentralized finance infrastructure and technology company that is powering the next generation of open-access protocols and applications. The Company is creating the bridge between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits anyone, anywhere.

To learn more visit Website | LinkedIn | Twitter

Cautionary Notice

Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

Forward-Looking statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Liquid Meta to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks and Uncertainties" in the Company's Filing Statement dated as of December 17, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Liquid Meta's operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

For further information:

Jonathan Wiesblatt, President, CEO
Liquid Meta Investor Relations
investors@liquidmeta.io
jon@liquidmeta.io

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SOURCE Liquid Meta Capital Holdings Ltd

FAQ

What changes in audit services has Liquid Meta Capital Holdings Ltd. made?

Liquid Meta has appointed RSM Canada LLP as its new auditor, replacing Zeifmans LLP, effective July 22, 2022.

When did Liquid Meta Capital Holdings Ltd. change its auditor?

The change of auditor took effect on July 22, 2022.

What prompted Liquid Meta Capital Holdings Ltd. to change auditors?

The company aims to benefit from RSM's significant experience in Web3.0 operations.

Were there any issues with the previous auditor of Liquid Meta Capital Holdings Ltd.?

No disagreements or unresolved issues were reported between Liquid Meta and Zeifmans LLP.

What is the stock symbol for Liquid Meta Capital Holdings Ltd.?

The stock symbol for Liquid Meta is LIQQF.