Teucrium Commodity Trust (BTCK) replaces Grant Thornton with Cohen & Company as auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Teucrium Commodity Trust changed its independent auditor in June 2026. On June 18, 2026, the Sponsor dismissed Grant Thornton LLP as the Trust’s independent registered public accounting firm. Grant Thornton’s reports for the years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications.
The Trust reports there were no disagreements with Grant Thornton on accounting principles, financial disclosure, or audit scope, and no reportable events during those periods. On June 23, 2026, the Trust engaged Cohen & Company, Ltd. as its new independent registered public accounting firm for the fiscal year ending December 31, 2026.
Positive
- None.
Negative
- None.
Insights
Auditor change disclosed with no reported disputes or issues.
Teucrium Commodity Trust replaced Grant Thornton LLP with Cohen & Company, Ltd. as its independent registered public accounting firm. The prior auditor’s reports for the years ended December 31, 2025 and 2024 were clean, with no adverse opinions or qualifications.
The Trust states there were no disagreements with Grant Thornton on accounting, disclosure, or audit scope, and no reportable events during the relevant periods. The change in auditor can be viewed as an administrative governance update, with the overall impact depending on future audit findings and disclosures.
8-K Event Classification
2 items: 4.01, 9.01
2 items
Item 4.01
Changes in Registrant's Certifying Accountant
Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Auditor dismissal date: June 18, 2026
New auditor engagement date: June 23, 2026
Last audited fiscal year by Grant Thornton: 2025
+1 more
4 metrics
Auditor dismissal date
June 18, 2026
Effective date Grant Thornton LLP was dismissed
New auditor engagement date
June 23, 2026
Date Cohen & Company, Ltd. was engaged
Last audited fiscal year by Grant Thornton
2025
Year ended December 31, 2025 with clean opinion
New audit fiscal year
2026
Fiscal year ending December 31, 2026 to be audited by Cohen
Key Terms
independent registered public accounting firm, reportable events, Regulation S-K, disagreements, +1 more
5 terms
independent registered public accounting firm financial
"dismissed Grant Thornton LLP as the independent registered public accounting firm of the Trust"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"During the fiscal years ... there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K)"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
Regulation S-K regulatory
"no “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange Act of 1934)"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
disagreements financial
"there have been no “disagreements” ... on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure"
Emerging growth company regulatory
"Emerging growth company Securities registered pursuant to Section 12(b) of the Act"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What auditor change did Teucrium Commodity Trust (BTCK) disclose in this 8-K?
Teucrium Commodity Trust dismissed Grant Thornton LLP as its independent registered public accounting firm on June 18, 2026, and engaged Cohen & Company, Ltd. on June 23, 2026 to audit its financial statements for the fiscal year ending December 31, 2026.
Were there any disagreements between Teucrium Commodity Trust and Grant Thornton?
The Trust reports no disagreements with Grant Thornton on accounting principles, financial statement disclosure, or auditing scope or procedures for the years ended December 31, 2025 and 2024, or the subsequent interim period through June 18, 2026, that would have required reference in Grant Thornton’s reports.
Did Grant Thornton issue any qualified opinions on Teucrium Commodity Trust’s financials?
Grant Thornton’s reports on Teucrium Commodity Trust’s financial statements for the fiscal years ended December 31, 2025 and 2024 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles, according to the disclosure.
Who is the new independent registered public accounting firm for Teucrium Commodity Trust?
Cohen & Company, Ltd. has been engaged as Teucrium Commodity Trust’s independent registered public accounting firm effective June 23, 2026. Cohen will audit the Trust’s financial statements for the fiscal year ending December 31, 2026, following the dismissal of Grant Thornton LLP as auditor.
Did Teucrium Commodity Trust report any Regulation S-K reportable events with Grant Thornton?
The Trust states there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the fiscal years ended December 31, 2025 and 2024, and the subsequent interim period through the dismissal date, in connection with Grant Thornton’s audits.