3/5Matternet, Inc.: Auditor change

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"Change in Fiscal Year" and (ii) the private placement is presented below under Item 2.01, "Completion of Acquisition or Disposition of Assets–The Private Placement" and under Item 3.02, "Unregistered Sales of Equity Securities." In addition, in connection with the Merger, the board of directors appointed new directors and executive officers."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: routine (post-merger auditor consolidation)
Disagreements reported: no

Why this score: routine: auditor replaced after company merger/SPAC deal; also within 90 days: Going-concern doubt