StableX Technologies changes auditor, notes control weakness

StableX Technologies, Inc. reported another change in its independent auditor, dismissing CBIZ CPAs P.C. on September 18, 2025, and hiring Stephano Slack LLC on September 19, 2025 for the 2025 fiscal year.

Rhea-AI Filing Summary

StableX Technologies, Inc. reported another change in its independent auditor, dismissing CBIZ CPAs P.C. on September 18, 2025, and hiring Stephano Slack LLC on September 19, 2025 for the 2025 fiscal year. CBIZ CPAs did not issue any audit reports during its brief engagement, and the company states there were no disagreements on accounting principles, disclosures, or audit scope. The company again notes a previously disclosed material weakness in internal control over financial reporting related to undocumented controls, ineffective control activities, and insufficient segregation of duties in its finance and accounting functions.

Positive

• None.

Negative

• Ongoing material weakness in internal controls is reaffirmed, including undocumented controls, ineffective control activities, and insufficient segregation of duties in finance and accounting due to limited personnel and resources.

Insights

Accounting & Governance Analyst

StableX switches auditors again while internal control weaknesses remain disclosed.

StableX Technologies has replaced its independent auditor for the second time in 2025, dismissing CBIZ CPAs and appointing Stephano Slack LLC for the year ending December 31, 2025. CBIZ issued no audit reports during its tenure, and the company reports no disagreements or additional reportable events with CBIZ beyond previously disclosed issues.

The filing reiterates a material weakness in internal control over financial reporting, including undocumented and untested controls, ineffective control activities across key components, and insufficient segregation of duties in finance and accounting. These issues stem from limited personnel and resources and were already described in the annual report for the year ended December 31, 2024.

The combination of ongoing internal control weaknesses and rapid auditor turnover may concern some investors from a governance and reporting-quality perspective, even though the company emphasizes the absence of disagreements with CBIZ and notes that it has not previously consulted Stephano on accounting or audit matters.

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, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change in auditors did StableX Technologies (SBLX) disclose?

StableX Technologies disclosed that its Audit Committee dismissed CBIZ CPAs P.C. as its independent registered public accounting firm on September 18, 2025 and engaged Stephano Slack LLC as the new auditor on September 19, 2025 for the fiscal year ending December 31, 2025.

Did StableX Technologies (SBLX) report any disagreements with CBIZ CPAs?

From April 10, 2025 through September 18, 2025, StableX Technologies reports no disagreements with CBIZ CPAs on accounting principles, financial statement disclosure, or auditing scope or procedures, and notes no additional reportable events beyond an existing material weakness in internal control over financial reporting.

What internal control issues did StableX Technologies (SBLX) highlight?

StableX Technologies highlights a material weakness in internal control over financial reporting, including undocumented and untested controls, failure to maintain effective control activities over its control environment, risk assessment, information technology and monitoring components, and insufficient segregation of duties and oversight in finance and accounting due to limited personnel and resources.

Did CBIZ CPAs issue any audit reports for StableX Technologies (SBLX)?

No. StableX Technologies states that CBIZ CPAs did not issue any audit report during the period of its engagement as the company’s independent registered public accounting firm.

Has StableX Technologies (SBLX) previously worked with its new auditor Stephano Slack LLC?

StableX Technologies states that during the fiscal years ended December 31, 2024 and December 31, 2023, and through September 19, 2025, neither the company nor anyone on its behalf consulted Stephano Slack LLC about accounting principles, potential audit opinions, or any matters that would constitute a disagreement or reportable event.

What exhibit is included related to the auditor change at StableX Technologies (SBLX)?

The company includes as Exhibit 16.1 a letter from CBIZ CPAs P.C. to the Securities and Exchange Commission dated September 22, 2025, addressing whether CBIZ agrees with the company’s disclosures regarding its dismissal.

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

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Accepted by SEC EDGAR 09/22/2025 - 05:25 PM EDT 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):

September 18, 2025

StableX Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-34643		98-0204758
(State or other jurisdiction of		(Commission		(IRS Employer
incorporation)		File No.)		Identification No.)

1185 Avenue of the Americas

New York, NY 10036

(Address of principal executive offices and zip code)

512-994-4917

(Registrant’s telephone number, including area code)

AYRO, Inc.

(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
Common stock, par value $0.0001 per share		SBLX		The Nasdaq Stock Market 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. ☐

Item 4.01 Changes in Registrant’s Certifying Accountant.

(a) Dismissal of Independent Registered Public Accounting Firm

On September 18, 2025, the Audit Committee of the Board of Directors (the “Committee”) of StableX Technologies, Inc. (the “Company”) approved the dismissal of CBIZ CPAs P.C. (“CBIZ CPAs”) as the Company’s independent registered public accounting firm, effective as of the same date.

As previously disclosed in a Current Report on Form 8-K filed on April 11, 2025, on April 10, 2025, Marcum LLP was dismissed, and CBIZ CPAs was appointed, as the Company’s independent registered public accounting firm. CBIZ CPAs did not issue any audit report during the period of its engagement.

From April 10, 2025 through September 18, 2025, the date of CBIZ CPAs’ 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 CBIZ CPAs 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 CBIZ CPAs, would have caused CBIZ CPAs 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), except for the material weakness in the Company’s internal control over financial reporting due to: (i) the fact that the Company was unable to document, formalize, implement and revise where necessary controls, policies and procedure documentation to evidence a system of controls, inclusive of IT controls, including testing of such controls that is consistent with the Company’s current personnel and available resources; (ii) the failure to document, maintain and test effective control activities over the Company’s control environment, risk assessment, information technology and monitoring components; and (iii) the Company’s insufficient segregation of duties, oversight of work performed and lack of compensating controls in the Company’s finance and accounting functions, including, without limitation, the processing, review and authorization of all routine and non-routine transactions, due to limited personnel and resources, each as disclosed in the Company’s Annual Report for the fiscal year ended December 31, 2024.

The Company provided CBIZ CPAs 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 CBIZ CPAs 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 September 22, 2025, 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 September 19, 2025, the Committee engaged Stephano Slack LLC (“Stephano”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately. During the fiscal years ended December 31, 2024, and December 31, 2023, and the subsequent interim period through September 19, 2025, neither the Company nor anyone on its behalf has consulted with Stephano 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 Stephano 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 CBIZ CPAs P.C. to the Securities and Exchange Commission dated September 22, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	StableX Technologies , Inc.
Date: September 22, 2025	By:	/s/ Joshua Silverman
	Name:	Joshua Silverman
	Title:	Chief Executive Officer