BLUE BIOFUELS, INC. 8-K

What Happened
Blue Biofuels, Inc. (BIOF) filed an 8-K reporting that on June 3, 2026 Assure CPA, LLC merged into Sadler, Gibb & Associates, LLC pursuant to an asset purchase agreement. As a result, Assure CPA ceased operations as a public accounting firm and resigned as the company’s independent registered public accounting firm. The company’s Audit Committee approved both the resignation and the engagement of Sadler Gibb as the new independent registered public accounting firm on June 8, 2026.

Key Details

• Assure CPA’s audit reports for the fiscal years ended 2024 and 2025 contained no adverse opinions or disclaimers and were not qualified, but did include an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern.
• During fiscal years 2024 and 2025 and through June 3, 2026 there were no disagreements with Assure CPA and no reportable events under Regulation S-K Item 304.
• The Audit Committee engaged Sadler, Gibb & Associates, LLC as the company’s independent registered public accounting firm for the fiscal year ending 2026 (approved June 8, 2026).
• Blue Biofuels stated it did not consult Sadler Gibb on accounting or auditing matters during 2024–2025 or the interim period through June 3, 2026. A letter from Assure CPA dated June 8, 2026 was filed as Exhibit 16.1.

Why It Matters
A change in the company’s independent auditor is a material governance event investors should note. The prior auditor’s reports included a going-concern explanatory paragraph, signaling prior uncertainty about the company’s ability to continue operations — a fact already disclosed in past audits. The filing indicates there were no disagreements or reportable events with the former auditor, and the new auditor has been engaged for 2026. Investors may want to watch upcoming financial filings and the next auditor’s report for any changes in audit opinion or disclosures.