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Adeptus exits as Starfighters Space (NYSE American: FJET) auditor after going concern note

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

Rhea-AI Filing Summary

Starfighters Space, Inc. reported that Adeptus Partners, LLC resigned as its independent registered public accounting firm effective July 9, 2026. The company is in the process of selecting a successor firm and plans to disclose the new engagement after the selection is completed.

Adeptus’ audit reports on Starfighters Space’s consolidated financial statements for the fiscal years ended December 31, 2025 and 2024 contained no adverse opinion, disclaimer of opinion, or qualifications, other than an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern. The company states there were no disagreements or reportable events with Adeptus through the resignation date, and Adeptus provided a letter dated July 14, 2026, filed as Exhibit 16.1.

Positive

  • None.

Negative

  • None.

Filing Explained

The auditor transition remains unresolved while latest-quarter cash equaled 31.8 days of reported operating cash use.

The 2026-07-09 resignation leaves Starfighters Space without a selected successor auditor, so its independent-audit relationship remains unresolved pending that appointment.

The filing’s going-concern language refers to substantial doubt about the company’s ability to fund operations through the coming year; it is presented as an explanatory paragraph in the prior audit reports, not as an adverse opinion or disclaimer.

At 2026-03-31, the company reported $1,402,025 of cash and equivalents and negative operating cash flow of $3,963,542 for the quarter; the supplied comparison equals 31.8 days of the last reported quarterly operating cash use.

Sources and calculations
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $1,402,025 / ($3,963,542 / 90) = [object Object]
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.
Auditor resignation date July 9, 2026 Effective date of Adeptus Partners, LLC resigning as independent registered public accounting firm
Fiscal year end 2025 December 31, 2025 One of the fiscal years for which Adeptus issued audit reports with a going concern explanatory paragraph
Fiscal year end 2024 December 31, 2024 Earlier fiscal year covered by Adeptus’ audit reports including a going concern explanatory paragraph
Adeptus SEC letter date July 14, 2026 Date of Adeptus’ letter filed as Exhibit 16.1 regarding agreement with the company’s disclosures
independent registered public accounting firm financial
"Adeptus notified Starfighters Space of its decision to resign as the Company's independent registered public accounting firm"
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.
going concern financial
"such report included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
reportable events regulatory
"during the fiscal years ... there were no reportable events (as that term is described in Item 304(a)(1)(v)"
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 (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions)"
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.
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What change in auditor did Starfighters Space (FJET) report?
Starfighters Space reported that Adeptus Partners, LLC resigned as its independent registered public accounting firm effective July 9, 2026. The company is currently selecting a successor firm and will announce the new auditor once that process is complete.

How did Adeptus’ prior audit opinions for Starfighters Space (FJET) read?
For fiscal years ended December 31, 2025 and 2024, Adeptus’ reports contained no adverse opinion, disclaimer, or qualification, but did include an explanatory paragraph about substantial doubt regarding Starfighters Space’s ability to continue as a going concern.

Were there any disagreements with Adeptus reported by Starfighters Space (FJET)?
Starfighters Space stated there were no disagreements with Adeptus on accounting principles, financial statement disclosure, or auditing scope and procedures through July 9, 2026 that would have required reference in Adeptus’ reports under Regulation S-K Item 304(a)(1)(iv).

Did Starfighters Space (FJET) report any "reportable events" with Adeptus?
The company reported that during fiscal years 2025 and 2024, and through Adeptus’ July 9, 2026 resignation, there were no reportable events as described in Item 304(a)(1)(v) of Regulation S-K related to the auditor’s engagement.

What document did Adeptus provide to Starfighters Space (FJET) after resigning?
Adeptus provided a letter dated July 14, 2026 addressed to the SEC stating its agreement or disagreement with Starfighters Space’s disclosures. This letter is included as Exhibit 16.1 in the company’s reported materials.
false 2026-07-09 0001947016 Starfighters Space, Inc. 0001947016 2026-07-09 2026-07-09

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): July 9, 2026

STARFIGHTERS SPACE, INC.
(Exact name of registrant as specified in its charter)

Delaware 001-43009 92-1012803
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

505 Odyssey Way, Suite 101
 Kennedy Space Center, Florida, United States 32953
 (Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (321) 261-0900

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 Symbols   Name of each exchange on which registered
Common Stock   FJET   NYSE American LLC

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. ☐

SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

Item 4.01 Change in Registrant's Certifying Accountant.

On July 9, 2026, Adeptus Partners, LLC ("Adeptus") notified Starfighters Space, Inc. (the "Company") of its decision to resign as the Company's independent registered public accounting firm effective immediately. The Company is currently in the process of selecting a successor independent registered public accounting firm and, as required by the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"), will disclose its engagement of a new independent registered public accounting firm once the selection process has been completed.

The reports of Adeptus on the Company's consolidated financial statements for the fiscal years ended December 31, 2025 and 2024 did not contain an adverse opinion or disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope, or accounting principles, except that such report included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.

During the fiscal years ended December 31, 2025 and 2024, and in the subsequent interim period through the effective date of termination of Adeptus on July 9, 2026, there have been no disagreements (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Adeptus on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedure, which disagreements, if not resolved to the satisfaction of Adeptus, would have caused Adeptus to make reference thereto in its reports.

During the fiscal years ended December 31, 2025 and 2024, and in the subsequent interim period through the effective date of termination of Adeptus on July 9, 2026, there were no reportable events (as that term is described in Item 304(a)(1)(v) of Regulation S-K).

The Company provided a copy of the disclosures contained in this Current Report on Form 8-K to Adeptus  and requested that Adeptus furnish it with a letter addressed to the SEC stating whether Adeptus agrees with the statements made herein. A copy of Adeptus' letter, dated July 14, 2026, is filed as Exhibit 16.1 to this Current Report on Form 8-K.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
Description
     
16.1   Letter from Adeptus Partners, LLC, dated July 14, 2026
     
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

2

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 hereunto duly authorized.

  STARFIGHTERS SPACE, INC.
     
     
DATE:  July 14, 2026 By: /s/ David Whitney
    David Whitney
    Chief Financial Officer

__________


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Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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