STOCK TITAN

Auditor change at Quantum Cyber (NASDAQ: QUCY) after going concern note

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

Rhea-AI Filing Summary

Quantum Cyber N.V. reported that its Audit Committee dismissed Reliant CPA as independent registered public accounting firm on June 22, 2026, and appointed Haskell & White LLP as the new auditor for the year ending December 31, 2026.

Reliant’s audit reports for the years ended December 31, 2025 and 2024 included a going concern paragraph, stating that significant operating losses raised substantial doubt about the company’s ability to continue as a going concern. The company states there were no disagreements or reportable events with Reliant, and it has not previously consulted Haskell & White on accounting or auditing matters described in the filing.

Positive

  • None.

Negative

  • Going concern uncertainty highlighted: Prior audit reports for 2024 and 2025 include a going concern paragraph stating that significant operating losses raise substantial doubt about Quantum Cyber N.V.’s ability to continue as a going concern.

Insights

Auditor change occurs against a backdrop of going concern uncertainty.

Quantum Cyber N.V. replaced Reliant CPA with Haskell & White LLP as its independent auditor effective June 22, 2026. The company reports no disagreements or reportable events with the outgoing firm, which frames this as a governance decision rather than a dispute-driven change.

Reliant’s reports for the years ended December 31, 2025 and 2024 included a going concern paragraph citing significant operating losses that raise substantial doubt about the company’s ability to continue as a going concern. That language signals elevated financial risk until the underlying losses are addressed.

The engagement of Haskell & White for the 2026 audit means their first full-year report will be important for understanding how they assess the same going concern issues. Subsequent annual and interim reports will show whether the going concern emphasis persists or changes based on the company’s performance.

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 dismissal date June 22, 2026 Audit Committee dismissed Reliant CPA as independent registered public accounting firm
New auditor appointment date June 22, 2026 Haskell & White LLP engaged as auditor for year ending December 31, 2026
Fiscal year end 2025 December 31, 2025 Reliant’s report for this year included a going concern paragraph
Fiscal year end 2024 December 31, 2024 Reliant’s report for this year included a going concern paragraph
Reliant appointment date January 17, 2023 Start of Reliant’s tenure as independent registered public accounting firm
Exhibit 16.1 date June 26, 2026 Reliant’s letter to the SEC regarding the company’s auditor change disclosure
going concern financial
"significant operating losses raise substantial doubt about its ability to continue as a going concern"
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
independent registered public accounting firm financial
"dismissal of Reliant CPA 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.
Audit Committee financial
"the Audit Committee of the Board of Directors (the “Committee”) of Quantum Cyber N.V."
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
reportable events regulatory
"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.
emerging growth company regulatory
"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.
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Learn about SEC filing dates
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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): June 22, 2026

 

Quantum Cyber N.V.

(Exact Name of Registrant as Specified in its Charter)

 

The Netherlands   001-41010   N/A

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

1501 Belvedere Road Suite 500, West Palm Beach, FL 33406

(Address of Principal Executive Offices) (Zip Code)

 

+1 (561) 562-4111

(Registrants 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 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
Ordinary Shares, nominal value €0.01 per share   QUCY   Nasdaq Capital Market

 

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.

 

(a) Dismissal of Independent Registered Public Accounting Firm

 

On June 22, 2026, the Audit Committee of the Board of Directors (the “Committee”) of Quantum Cyber N.V. (the “Company”) approved the dismissal of Reliant CPA PC (“Reliant”) as the Company’s independent registered public accounting firm, effective as of the same date.

  

The reports of Reliant on the Company’s consolidated financial statements for the fiscal years ended December 31, 2025 and December 31, 2024, did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles, except as follows: Reliant’s report on the consolidated financial statements of the Company as of December 31, 2025 and 2024 and for each of the years then ended, contained a separate paragraph stating, “The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company’s significant operating losses raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.”

 

From January 17, 2023, the date of Reliant’s appointment, through June 22, 2026, the date of Reliant’s dismissal, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Reliant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Reliant, would have caused Reliant to make reference to such disagreement in its reports, if such reports had been issued, and (b) no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions).

 

The Company provided Reliant with a copy of this Current Report on Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (the “SEC”) and requested that Reliant furnish the Company with a letter addressed to the SEC, pursuant to Item 304(a)(3) of Regulation S-K, stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated June 26, 2026, is filed as Exhibit 16.1 (which is incorporated by reference herein) to this Current Report on Form 8-K.

 

(b) Appointment of New Independent Registered Public Accounting Firm

 

On June 22, 2026, the Committee engaged Haskell & White LLP (“Haskell & White”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, effective immediately. During the fiscal years ended December 31, 2025, and December 31, 2024, and the subsequent interim period through June 22, 2026, neither the Company nor anyone on its behalf has consulted with Haskell & White regarding (i) the application of accounting principles to any 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 Haskell & White concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K, or a “reportable event,” as defined in Item 304(a)(1)(v) of Regulation S-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
16.1   Letter from Reliant CPA PC to the Securities and Exchange Commission dated June 26, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

  

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.

 

  Quantum Cyber N.V.
     
  By: /s/ William Caragol
  Name: William Caragol
  Title: Chief Financial Officer
     
Dated: June 26, 2026    

  

2

 

FAQ

What auditor change did Quantum Cyber (QUCY) announce?

Quantum Cyber’s Audit Committee dismissed Reliant CPA as its independent registered public accounting firm on June 22, 2026, and engaged Haskell & White LLP as the new auditor for the fiscal year ending December 31, 2026, effective immediately.

Did Reliant’s audit reports for Quantum Cyber (QUCY) include a going concern warning?

Yes. Reliant’s reports on Quantum Cyber’s 2024 and 2025 consolidated financial statements included a going concern paragraph, noting that significant operating losses raised substantial doubt about the company’s ability to continue as a going concern, with further details in Note 1.

Were there any disagreements between Quantum Cyber (QUCY) and Reliant CPA?

The company states there were no disagreements with Reliant on accounting principles, financial statement disclosure, or auditing scope or procedures, and no reportable events as defined in Regulation S-K Item 304 during Reliant’s tenure through June 22, 2026.

Has Quantum Cyber (QUCY) previously consulted Haskell & White on accounting matters?

Quantum Cyber reports that during 2024, 2025 and through June 22, 2026, it did not consult Haskell & White on the application of accounting principles, expected audit opinions, or any matters that were the subject of disagreements or reportable events as defined in Regulation S-K.

What exhibit accompanies Quantum Cyber’s (QUCY) auditor change disclosure?

The filing includes Exhibit 16.1, a letter from Reliant CPA PC to the U.S. Securities and Exchange Commission dated June 26, 2026, addressing whether it agrees with the company’s statements regarding the change in the independent registered public accounting firm.

Filing Exhibits & Attachments

4 documents