LRDC Laredo Oil Inc (PK)

 

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)

May 3, 2024

 

Laredo Oil, Inc.

(Exact Name of Registrant as Specified in Charter)   333-153168

(Commission File Number)

 

Delaware		26-2435874
(State or Other Jurisdiction of Incorporation)		(IRS Employer Identification No.)

 

2021 Guadalupe Street, Ste. 260 Austin, Texas	78705
(Address of Principal Executive Offices)	(Zip Code)

 

Registrant’s telephone number, including area code

(512) 337-1199

 

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 (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 exchange on which registered
None

 

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 to Registrant’s Certifying Accountant.

 

On May 3, 2024, the United States Securities and Exchange Commission (the “SEC”) entered an order instituting settled administrative and cease-and-desist proceedings against BF Borgers CPA PC (“Borgers”), the independent registered public accounting firm of Laredo Oil, Inc. (the “Company”). On May 9, 2024, the Company received a letter from the Division of Corporate Finance of the SEC, informing the Company that Borgers had been suspended from appearing or practicing before the SEC as an accountant.

 

Borgers reported on the Company’s financial statements for the fiscal year ended May 31, 2023. The Company is currently in the process of identifying and retaining a new qualified independent registered public accounting firm to review and opine on the Company’s annual financial statements moving forward.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibit

Exhibit 16.1	Letter, dated May 9, 2024, from the SEC to the Company.
Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

	LAREDO OIL, INC.
Date: May 9, 2024	By:	/s/ Bradley E. Sparks
		Bradley E. Sparks
		Chief Financial Officer and Treasurer

 

 

 

EXHIBIT INDEX

 

Exhibit No.	Description
Exhibit 16.1	Letter, dated May 9, 2024, from the SEC to the Company.
Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

Exhibit 16.1

 

 

May 9, 2024

 

Dear Registrant,

 

We are writing to inform you that your auditor has been suspended from appearing or practicing before the Commission as an accountant pursuant to Rule 102(e) of the Commission’s Rules of Practice. You can find a copy of the order on the SEC’s website at https://www.sec.gov/files/litigation/admin/2024/33-11283.pdf and the related staff statement at https://www.sec.gov/corpfin/announcement/staffstatement-borgers-05032024.

 

As this auditor is suspended from appearing or practicing before the Commission, you may not include audit reports or consents from this auditor in your filings with the Commission on or after the date of order. If an auditor who is not currently permitted to appear or practice before the Commission audited any portion of the financial statements that you are required to include in filings you make with the Commission on or after the order date, you should obtain a re-audit from a firm that is currently permitted to appear or practice before the Commission.

 

If you have not already done so, please file an Item 4.01 Form 8-K to include all of the information required by that Item within four business days of the resignation or dismissal of this auditor. In providing the information that Item 304 of Regulation S-K requires, please also indicate that your prior auditor is not currently permitted to appear or practice before the Commission. This disclosure may be provided in lieu of a letter from the auditor stating whether it agrees with the required disclosure.

 

If you have any questions, please contact us at (202) 551-2076.

 

Sincerely,   Division of Corporation Finance Office of Energy & Transportation

 

 

v3.24.1.u1

Cover	May 03, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 03, 2024
Entity File Number	333-153168
Entity Registrant Name	Laredo Oil, Inc.
Entity Central Index Key	0001442492
Entity Tax Identification Number	26-2435874
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2021 Guadalupe Street
Entity Address, Address Line Two	Ste. 260
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78705
City Area Code	(512)
Local Phone Number	337-1199
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Information, Former Legal or Registered Name	Not Applicable

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