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DPCSU Appoints Aloba, Awomolo & Partners as Independent Auditor

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

DP Cap Acquisition Corp I engaged Aloba, Awomolo & Partners as its independent registered public accounting firm, with the Board of Directors approving the engagement. The firm stated that for the fiscal years ended December 31, 2024 and December 31, 2023, and the subsequent interim period through August 12, 2025, neither the company nor anyone on its behalf consulted with Aloba on accounting or auditing matters, and Aloba provided no written or oral advice that was an important factor in the company’s accounting decisions.

The firm also reported no disagreements and no reportable events during those periods. The disclosure is a routine change in certifying accountant and was signed on the company’s behalf by Chairman and CEO Xixuan Hei.

Positive

  • Engaged a new independent registered public accounting firm (Aloba, Awomolo & Partners).
  • Board of Directors approved the auditor engagement.
  • No consultations, disagreements, or reportable events were reported for the fiscal years ended December 31, 2024 and December 31, 2023 and the interim period through August 12, 2025.

Negative

  • None.

Insights

TL;DR: Routine auditor change; disclosed no consultations, disagreements, or reportable events for covered periods.

The engagement of Aloba, Awomolo & Partners appears procedural and was approved by the board. The firm explicitly states there were no consultations on accounting matters that influenced the company, no disagreements within the meaning of Regulation S-K, and no reportable events for the fiscal years ended December 31, 2024 and 2023 and the interim period through August 12, 2025. From an analyst perspective, this disclosure provides transparency around the auditor transition and contains no flagged accounting disputes that would require investor re-assessment of prior-period financials.

TL;DR: Board-approved auditor appointment with affirmative negative disclosures on disagreements and reportable events.

The company followed governance protocol by documenting board approval of the new independent registered public accounting firm. The explicit statements that there were no disagreements and no reportable events related to the auditor during the identified periods reduce the likelihood of near-term regulatory or disclosure issues tied to audit matters. This filing is primarily an administrative disclosure of an auditor change rather than an indicator of governance breakdowns.

 

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 (Date of earliest event reported): August 12, 2025

 

DP Cap Acquisition Corp I

(Exact name of registrant as specified in its charter)

 

Cayman Islands

 

001-41041

 

N/A

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

418 Broadway, #6895

 

 

Albany, NY

 

12207

(Address of principal executive offices)

 

(Zip Code)

 

(929) 392-3578

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

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:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-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:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on

which registered

Units, each consisting of one Class A ordinary share, par value $0.0001, and one-half of one redeemable warrant

 

DPCSU

 

None

 

 

 

 

 

Class A ordinary shares, par value $0.0001 per share

 

DPCS

 

None

 

 

 

 

 

Warrants, each whole warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share

 

DPCSW

 

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 Registrant’s Certifying Accountant.

 

On August 12, 2025, DP Cap Acquisition Corp I (the “Company”) engaged Aloba, Awomolo & Partners (“Aloba”) as the Company’s independent registered public accounting firm. The decision to engage Aloba was approved by the Board of Directors of the Company.

 

During the Company’s fiscal years ended December 31, 2024 and December 31, 2023 and the subsequent interim period through August 12, 2025, neither the Company nor anyone on its behalf has consulted with Aloba regarding (i) the application of accounting principles to a 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 Aloba concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.

 

 

2

 

  

SIGNATURE

 

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 hereunto duly authorized.

 

 

DP CAP ACQUISITION CORP I

 

 

 

 

 

Dated: August 12, 2025

By:

/s/ Xixuan Hei

 

 

Name:

Xixuan Hei

 

 

Title:

Chairman and Chief Executive Officer

 

 

 

3

 

FAQ

Who is the new auditor for DP Cap Acquisition Corp I (DPCSU)?

The company engaged Aloba, Awomolo & Partners as its independent registered public accounting firm.

When was Aloba engaged as the company's independent auditor?

The engagement was made effective on or reported as of August 12, 2025.

Did the new auditor report any disagreements or reportable events?

No; the auditor stated there were no disagreements and no reportable events for the periods disclosed.

What periods did the auditor comment on regarding consultations or disagreements?

The auditor referenced the fiscal years ended December 31, 2024 and December 31, 2023 and the subsequent interim period through August 12, 2025.

Who signed the Form 8-K on behalf of DP Cap Acquisition Corp I?

Xixuan Hei, Chairman and Chief Executive Officer, signed the report on the company’s behalf.
Dp Cap Acquisition Corp I

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