GreenBox POS Changes Auditor to Simon & Edward, LLP

Rhea-AI Summary

GreenBox POS (NASDAQ: GBOX) announced the appointment of Simon & Edward, LLP as its new registered public accounting firm, effective April 19, 2022. This decision follows a thorough evaluation by the Audit Committee and is not due to any disagreement with the previous firm, BF Borgers CPA, PC. CEO Fredi Nisan expressed gratitude towards BF Borgers and emphasized that this transition reflects the company's commitment to strong governance as it prepares for future growth.

Positive

• Appointment of Simon & Edward as new accounting firm indicates a commitment to strong governance.
• Change in accounting firm was a strategic decision made after careful evaluation.

Negative

• None.

SAN DIEGO, CA, April 27, 2022 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) (“GreenBox” or “the Company”), a rapidly growing FinTech firm announced today that it has appointed Simon & Edward, LLP (“Simon & Edward“), an independent member of the BDO Alliance USA, as the Company’s new registered public accounting firm, effective April 19, 2022.

The change from BF Borgers CPA, PC (“BF Borgers”) was made after a careful evaluation process carried out by the Audit Committee of the Board of Directors of the Company and not related to any disagreement between the Company and BF Borgers. Additional information can be found in the Company’s recent 8-K filing.

“We would like to thank BF Borgers for their professionalism, expertise, and guidance during their engagement,” said Fredi Nisan, Chief Executive Officer of GreenBox. “The change to Simon & Edward is essential as we prepare for the next stage of our growth and evolution as a public company and indicative of our continued commitment to strong governance practices.”

About GreenBox POS

GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, fraud detection and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, we invite you to visit the Company's website at www.greenboxpos.com.

Investor Relations Contact:
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
GRBX@mzgroup.us
www.mzgroup.us

FAQ

Why did GreenBox POS change its accounting firm to Simon & Edward?

GreenBox POS appointed Simon & Edward, LLP following a thorough evaluation by the Audit Committee, indicating a strategic shift to enhance governance practices.

When did GreenBox POS appoint Simon & Edward as their new accounting firm?

GreenBox POS appointed Simon & Edward as their new registered public accounting firm effective April 19, 2022.

Was there any disagreement with the previous accounting firm BF Borgers?

No, the change from BF Borgers CPA, PC to Simon & Edward was not related to any disagreement.

What does the new accounting firm appointment mean for GreenBox POS?

The appointment of Simon & Edward suggests GreenBox POS is committed to strong governance and preparing for growth as a public company.