Form 8-K - Current report
02 Mayo 2024 - 4:25PM
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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): April 29, 2024
Tevogen
Bio Holdings Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-41002 |
|
85-1284695 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
15
Independence Boulevard, Suite #410 |
|
|
Warren,
New Jersey |
|
07059 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (877) 838-6436
Not
Applicable
(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 |
|
TVGN |
|
The
Nasdaq Stock Market LLC |
Warrants,
each exercisable for one share of Common Stock |
|
TVGNW |
|
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.
Appointment
of Independent Registered Public Accounting Firm
On
April 29, 2024, the audit committee of the Board of Directors (the “Audit Committee”) of Tevogen Bio Holdings Inc. (the “Company”)
approved the appointment of KPMG LLP (“KPMG”) as the Company’s new independent registered public accounting firm for
the year ending December 31, 2024, effective immediately. KPMG is replacing Marcum LLP (“Marcum”) as the Company’s
independent registered public accounting firm.
As
previously disclosed, on February 14, 2024, pursuant to that certain agreement and plan of merger, dated June 28, 2023, the Company completed
a business combination (the “Business Combination”) with Tevogen Bio Inc., a Delaware corporation (“Tevogen Bio”).
Prior to the consummation of the Business Combination, KPMG served as the independent registered public accounting firm of Tevogen Bio
for the year ended December 31, 2023. During the fiscal years ended December 31, 2022 and 2023, and the subsequent interim period through
the date of this Current Report on Form 8-K, neither the Company, nor anyone acting on its behalf, consulted KPMG regarding either (i)
the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that
might be rendered with respect to the Company’s financial statements; or (ii) any matter that was the subject of a disagreement
within the meaning of Item 304(a)(1)(iv) of Regulation S-K or a reportable event within the meaning of Item 304(a)(1)(v) of Regulation
S-K.
Dismissal
of Independent Registered Public Accounting Firm
In
connection with the Company’s appointment of KPMG as its independent registered public accounting firm, on April 29, 2024, the
Audit Committee dismissed Marcum as the Company’s independent registered public accounting firm.
Marcum’s
report on the Company’s financial statements for the fiscal years ended December 31, 2023, and December 31, 2022, contained an
explanatory paragraph related to the Company’s ability to continue as a going concern but did not contain an adverse opinion or
a disclaimer of opinion, nor was it qualified or modified as to audit scope or accounting principles.
During
the two most recent fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this Current
Report on Form 8-K: (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and
Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements,
if not resolved to Marcum’s satisfaction, would have caused Marcum to make reference to the subject matter of the disagreements
in connection with its reports on the Company’s financial statements for such years, and (ii) no “reportable events”
within the meaning of Item 304(a)(1)(v) of Regulation S-K. As previously disclosed in Item 9A of the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2023 (the “Annual Report”), the Company concluded that its internal control
over financial reporting was not effective as of December 31, 2023 due to a certain material weakness. In the Annual Report,
the Company disclosed the existence of a material weakness in internal control over financial reporting related to our accounting for
complex financial instruments and internal controls over collectability over amounts due from related parties.
In
accordance with Item 304(a)(3) of Regulation S-K, the Company provided Marcum with a copy of the disclosures it is making in this Current
Report on Form 8-K and requested that Marcum furnish the Company with a letter addressed to the Securities and Exchange Commission stating
whether Marcum agrees with the statements made by the Company herein and, if not, stating the respects in which it does not agree. A
copy of Marcum’s letter dated May 2, 2024 is attached as Exhibit 16.1 to this Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
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.
|
Tevogen
Bio Holdings Inc. |
|
|
|
Date:
May 2, 2024 |
By: |
/s/
Kirti Desai |
|
Name:
|
Kirti
Desai |
|
Title: |
Chief
Financial Officer |
Exhibit
16.1
May
2, 2024
Securities
and Exchange Commission
100
F Street, N.E.
Washington,
DC 20549
Commissioners:
We
have read the statements made by Tevogen Bio Holdings Inc., a Delaware corporation (f/k/a Semper Paratus Acquisition Corporation) under
Item 4.01 of its Current Report on Form 8-K dated May 2, 2024. We agree with the statements concerning our Firm in such Current Report
on Form 8-K; we are not in a position to agree or disagree with other statements of Tevogen Bio Holdings Inc., a Delaware corporation
(f/k/a Semper Paratus Acquisition Corporation) contained therein.
Very
truly yours,
/s/
Marcum llp
Marcum llp
v3.24.1.u1
Cover
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Apr. 29, 2024 |
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Entity File Number |
001-41002
|
Entity Registrant Name |
Tevogen
Bio Holdings Inc.
|
Entity Central Index Key |
0001860871
|
Entity Tax Identification Number |
85-1284695
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
15
Independence Boulevard
|
Entity Address, Address Line Two |
Suite #410
|
Entity Address, City or Town |
Warren
|
Entity Address, State or Province |
NJ
|
Entity Address, Postal Zip Code |
07059
|
City Area Code |
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|
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|
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Title of 12(b) Security |
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|
Trading Symbol |
TVGN
|
Security Exchange Name |
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|
Warrants, each exercisable for one share of Common Stock |
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