Item 4.01 Changes in Registrant's Certifying Accountant.
Independent Registered Public Accounting Firm Declines to Stand for
Re-Engagement
On November 18, 2022, Financial Strategies Acquisition Corp. (the "Company")
received notice that Grant Thornton LLP ("Grant Thornton") has declined to stand
for re-engagement as its independent registered public accounting firm for the
year-end audit for the fiscal year ending December 31, 2022.
Grant Thornton's reports on the Company's financial statements from July 1, 2020
(inception) through December 31, 2020 and the fiscal year ended December 31,
2021 did not contain an adverse opinion or a disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles,
other than an explanatory paragraph in the report on the Company's financial
statements from July 1, 2020 (inception) through December 31, 2020 indicating
substantial doubt as to our ability to continue as a growing concern.
During the period from July 1, 2020 (inception) through December 31, 2020, the
fiscal year ended December 31, 2021, and the subsequent interim period through
November 18, 2022, there were no disagreements with Grant Thornton on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Grant Thornton, would have caused Grant Thornton to make
reference to the subject matter of the disagreements in connection with its
reports on the Company's financial statements for such periods. Also during this
time, there were no "reportable events," as defined in
Item 304(a)(1)(v) of Regulation S-K.
The Company provided Grant Thornton with a copy of the above disclosures and
requested that Grant Thornton furnish the Company with a letter addressed to the
Securities and Exchange Commission stating whether or not it agrees with the
statements made above. A copy of Grant Thornton's letter, dated December 12,
2022, is attached as Exhibit 16.1 to this Current Report on Form 8-K.
Appointment of New Independent Registered Public Accounting Firm
On December 8, 2022, the Company engaged MaloneBailey, LLP ("MaloneBailey") as
the Company's independent registered public accounting firm, effective
immediately. During the period from July 1, 2020 (inception) through December
31, 2020, the fiscal year ended December 31, 2021 and the subsequent interim
period through December 8, 2022, neither the Company nor anyone on its behalf
consulted with MaloneBailey 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 MaloneBailey 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 Grant Thornton LLP to the Securities and Exchange
Commission, dated December 12, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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FINANCIAL STRATEGIES ACQUISITION CORP. 
