Item 4.01 Changes in Registrant's Certifying Accountant.
On May 1, 2023 (the "Dismissal Date"), the Audit Committee (the "Audit
Committee") of the Board of Directors of Broad Street Realty, Inc. (the
"Company") dismissed BDO USA, LLP ("BDO") as the independent registered public
accounting firm for the Company, effective immediately.
BDO's reports on the Company's financial statements as of and for the fiscal
years ended December 31, 2022 and 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, except that each of BDO's reports on the
Company's financial statements as of and for the fiscal years ended December 31,
2022 and 2021 contained an explanatory paragraph indicating that there was
substantial doubt about the Company's ability to continue as a going concern. In
addition, during the fiscal years ended December 31, 2022 and 2021, as well as
during the subsequent interim period preceding the Dismissal Date, there were no
"disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K
and related instructions) between the Company and BDO with respect to any matter
relating to accounting principles or practices, financial statement disclosure
or auditing scope or procedures which, if not resolved to the satisfaction of
BDO, would have caused BDO to make reference to the subject matter of the
disagreement in its reports on the Company's financial statements with respect
to such periods.
During the fiscal years ended December 31, 2022 and 2021, as well as during the
subsequent interim period preceding the Dismissal Date, there were no
"reportable events" (as that term is defined in Item 304(a)(1)(v) of Regulation
S-K and the related instructions), except for material weaknesses as disclosed
under (i) "Item 9A. Controls and Procedures" of each of the Company's (A) Annual
Report on Form 10-K for the year ended December 31, 2022 and (B) Annual Report
on Form 10-K for the year ended December 31, 2021 and (ii) "Item 4. Controls and
Procedures" of each of the Company's (A) Quarterly Report on Form 10-Q for the
period ended September 30, 2022, (B) Quarterly Report on Form 10-Q for the
period ended June 30, 2022, (C) Quarterly Report on Form 10-Q for the period
ended March 31, 2022, (D) Quarterly Report on Form 10-Q for the period ended
September 30, 2021, (E) Quarterly Report on Form 10-Q for the period ended June
30, 2021 and (F) Quarterly Report on Form 10-Q for the period ended March 31,
2021.
The Company has provided BDO with a copy of this Current Report on Form 8-K and
requested that BDO provide the Company with a letter addressed to the Securities
and Exchange Commission stating whether or not BDO agrees with the above
disclosures. A copy of BDO's letter dated May 3, 2023 is attached hereto as
Exhibit 16.1.
On May 1, 2023, the Company engaged Cherry Bekaert LLP ("Cherry Bekaert") as its
new independent registered public accounting firm upon the approval of the Audit
Committee. During the years ended December 31, 2022 and 2021, and the subsequent
interim period through May 1, 2023, the effective date of the Company's
engagement of Cherry Bekaert, the Company did not consult with Cherry Bekaert
regarding any of the matters or events set forth in Items 304(a)(2)(i) or (ii)
of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
16.1 Letter of BDO USA, LLP to the Securities and Exchange Commission,
dated May 3, 2023.
104 Cover Page Interactive Data File - The cover page XBRL tags are embedded
within the Inline XBRL document
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