M&A - Yuenglings Ice Cream Corp

Form Type: CORRESP

Filing Date: 2024-09-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000182912624006218

Filing Summary: Yuengling’s Ice Cream Corp filed a response to SEC comments dated June 12, 2024, regarding its Form 10-K for the fiscal year ended October 31, 2023 and its Amendment No. 1 to Form 8-K filed on April 30, 2024. The Company updated the SEC on its change in fiscal year end to December 31. The transition report required under Exchange Act Rule 13a-10 was filed on September 11, 2024, and covers the period from November 1, 2023, to December 31, 2023. The Company discussed the audit process related to its acquisition of ReachOut Technology Corporation and noted the acquisition of RedGear LLC prior to this, highlighting challenges faced in financial reporting and the need for adjustments due to inadequate controls. It was concluded that interim reports would not provide meaningful information given the circumstances surrounding the financial records at the time.

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