| Item 4.01. |
Changes in Registrant’s Certifying Accountant. |
(a) Dismissal of Independent Registered Public Accounting
Firm.
On April 25, 2022, the Audit Committee (the “Audit
Committee”) of the Board of Directors of Arcimoto, Inc., approved the engagement of Deloitte & Touche LLP (“Deloitte”)
as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2022, effective
upon the signing of the engagement letter on April 27, 2022. On April 26, 2022 the Company dismissed dbbmckennon
as the Company's independent registered public accounting firm.
The reports of dbbmckennon
on the Company's consolidated financial statements for the fiscal years ended December 31, 2021 and 2020 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.
During the fiscal years ended December 31, 2021 and
2020, and through April 26, 2022, there have been no “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation
S-K and related instructions) with dbbmckennon 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
dbbmckennon would have caused dbbmckennon
to make reference thereto in its reports on the consolidated financial statements for such years.
There were no reportable events (as that term is described
in Item 304(a)(1)(v) of Regulation S-K) during the two fiscal years ended December 31, 2021 and 2020, or in the subsequent period through
April 26, 2022.
The Company provided dbbmckennon
with a copy of the disclosure it is making herein in response to Item 304(a) of Regulation S-K, and requested that dbbmckennon
furnish the Company with a copy of its letter addressed to the SEC, pursuant to Item 304(a)(3) of Regulation S-K, stating whether
or not dbbmckennon agrees with the statements related to them made by the Company
in this report.
A copy of dbbmckennon’s
letter to the SEC dated April 26, 2022 is filed as Exhibit 16.1 to this report.
(b) Engagement of
New Independent Registered Public Accounting Firm.
As disclosed above,
on April 25, 2022, the Audit Committee of the Board of Directors of the Company approved the engagement of Deloitte as the Company’s
independent registered public accounting firm for the Company’s fiscal year ending December 31, 2022, effective April 27, 2022.
During the fiscal years
ended December 31, 2021 and 2020 and through April 26, 2022, neither the Company, nor anyone on its behalf, consulted Deloitte regarding
either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion
that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was
provided to the Company by Deloitte that 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 the subject of a “disagreement” (as defined in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation
S-K).