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SL Science (SLBT) swaps ARK for TAAD after going-concern note

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SL Science Holding Ltd (SLBT) reported a change in its independent auditor. On August 21, 2026, the company appointed TAAD LLP as its independent registered public accounting firm, effective the same day, replacing ARK Pro CPA & Co, which was dismissed on August 20, 2026. The change was approved by the audit committee after a consideration and evaluation process, and the company states it was not due to any disagreements with ARK over accounting principles, financial statement disclosures, or audit scope or procedures, and that there were no “reportable events” as defined in Item 16F of Form 20-F.

ARK’s prior audit reports on the consolidated financial statements of SL BIO Ltd. for 2024 and 2025 contained no adverse or qualified opinions. ARK’s report on SL Science Holding Ltd’s consolidated financial statements as of December 31, 2025 (from inception on March 18, 2025) likewise contained no adverse or qualified opinions, but did include an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern. The company states it did not consult TAAD on accounting or audit matters before TAAD’s engagement. ARK has been asked to provide a letter to the SEC agreeing or disagreeing with these disclosures, which is filed as an exhibit.

Positive

  • None.

Negative

  • Going concern explanatory paragraph: The former auditor’s report on SL Science Holding Ltd’s consolidated financial statements as of December 31, 2025 included an explanatory paragraph about substantial doubt regarding the company’s ability to continue as a going concern, signaling prior concerns about the company’s financial sustainability.
independent registered public accounting firm financial
"appointed TAAD LLP (“TAAD”) as its 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
"included an explanatory paragraph relating to 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
"there were no “reportable events” as that term is described in Item 16F(a)(1)(v) of Form 20-F"
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.
Form 20-F regulatory
"as that term is described in Item 16F(a)(1)(v) of Form 20-F"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
Item 16F(a)(1)(v) regulatory
"“reportable events” as that term is described in Item 16F(a)(1)(v) of Form 20-F"

FAQ

What change in auditor did SLBT disclose in this Form 6-K?
SL Science Holding Ltd appointed TAAD LLP as its independent registered public accounting firm effective August 21, 2026, replacing ARK Pro CPA & Co, which was dismissed on August 20, 2026. The change was approved by the company’s audit committee after a consideration and evaluation process.

Did SLBT report any disagreements with its former auditor ARK Pro CPA & Co?
No. SL Science Holding Ltd states that for 2024, 2025 and through August 20, 2026, there were no disagreements with ARK on accounting principles, financial statement disclosure, or auditing scope or procedures, and no reportable events as described in Item 16F(a)(1)(v) of Form 20-F.

What did the prior audit opinion reveal about SLBT’s going concern status?
ARK’s report on SL Science Holding Ltd’s consolidated financial statements as of December 31, 2025 included an explanatory paragraph relating to substantial doubt about the company’s ability to continue as a going concern, while otherwise not being adverse or qualified as to uncertainty or scope.

How were the financial statements of SL BIO Ltd., a subsidiary, described in the audit reports?
For SL BIO Ltd., ARK’s audit reports on the consolidated financial statements as of December 31, 2025 and 2024 and for those fiscal years did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, scope, or accounting principles.

Did SLBT consult TAAD LLP on accounting matters before the engagement?
No. SL Science Holding Ltd reports that during the two most recent fiscal years and interim periods before TAAD’s engagement, neither the company nor anyone on its behalf consulted TAAD on accounting principles, audit opinions, or any matters involving disagreements or reportable events under Item 16F of Form 20-F.

What additional document from ARK is included with SLBT’s Form 6-K?
SL Science Holding Ltd requested that ARK Pro CPA & Co provide a letter to the SEC stating whether it agrees with the company’s disclosure. This letter is filed as Exhibit 16.1, dated August 27, 2026.

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

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Form 6-K: How Foreign Companies Report to the SEC →

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-43346

 

SL Science Holding Limited

(Translation of registrant’s name into English)

 

11th Floor,

No. 479 Chongyang Road,

Nangang District, Taipei, Taiwan R.O.C. 115010

+886-2-26516826

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

  x   Form 20-F       ¨ Form 40-F

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Change of Auditor

 

On August 21, 2026, SL Science Holding Limited (the “Company”) appointed TAAD LLP (“TAAD”) as its independent registered public accounting firm, effective on the same day. TAAD replaces ARK Pro CPA & Co (“ARK”), the former independent registered public accounting firm, which the Company dismissed on August 20, 2026. The appointment of TAAD was made after careful consideration and evaluation process by the Company and has been approved by the audit committee of the board of directors of the Company. The Company’s decision to make this change was not the result of any disagreement between the Company and ARK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

 

The audit report of ARK on the consolidated financial statements of SL BIO Ltd. (“SL BIO”) as of December 31, 2025 and 2024 and for the fiscal years ended December 31, 2025 and 2024 did not contain an adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty or scope of accounting principles. For the years ended December 31, 2025 and 2024, and in the subsequent interim period through August 20, 2026, there were no disagreements with ARK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to ARK’s satisfaction, would have caused ARK to make reference to the subject matter of the disagreement in connection with its reports on SL BIO’s financial statements and there were no “reportable events” as that term is described in Item 16F(a)(1)(v) of Form 20-F.

 

The audit report of ARK on the consolidated financial statements of the Company as of December 31, 2025, and for the period from March 18, 2025 (inception) through December 31, 2025, did not contain an adverse opinion or disclaimer of opinion, and was not qualified or modified as to uncertainty or scope of accounting principles, except that, the report for the Company included an explanatory paragraph relating to substantial doubt about the Company’s ability to continue as a going concern. Since the Company’s inception on March 18, 2025 and in the subsequent interim period through August 20, 2026, there were no disagreements with ARK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to ARK’s satisfaction, would have caused ARK to make reference to the subject matter of the disagreement in connection with its report on the Company’s financial statements and there were no “reportable events” as that term is described in Item 16F(a)(1)(v) of Form 20-F.

 

The Company has provided ARK with a copy of the above disclosure and requested that ARK furnish a letter addressed to the U.S. Securities and Exchange Commission stating whether or not ARK agrees with the above statements. A copy of ARK’s letter is filed hereto as Exhibit 16.1 to this Form 6-K.

 

During the two most recent fiscal years and any subsequent interim periods prior to the engagement of TAAD, neither the Company, nor someone on behalf of the Company, has consulted TAAD regarding either (a) 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 consolidated financial statements, and neither a written report was provided to the Company or oral advice was provided that TAAD concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (b) any matter that was the subject of a disagreement as defined in Item 16F(a)(1)(iv) of Form 20-F and related instructions to Item 16F of Form 20-F, or any reportable events as described in Item 16F(a)(1)(v) of Form 20-F.

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
16.1   Letter of ARK Pro CPA & Co to the U.S. Securities and Exchange Commission dated August  27, 2026

 

 

 

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, thereunto duly authorized.

 

  SL Science Holding Limited
     
Date: August 27, 2026 By: /s/ William Wang
  Name:  William Wang
  Title: Chief Executive Officer

 

 

Source: View Original Filing on SEC EDGAR

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