KINETA, INC./DE: auditor change — Kineta replaces auditor Marcum with CBIZ CPAs; cites going concern, material weaknesses

KINETA, INC./DE

Marcum resigned March 27, 2025; CBIZ CPAs engaged as auditor for FY2025, effective immediately.
Marcum's FY2024 report included going-concern explanatory paragraph; no adverse opinions.
Material weaknesses in internal controls for FY2024 and FY2023: derivative assets, warrants, facilities costs, offering costs, exclusivity payments.
No disagreements with Marcum on accounting principles or audit scope; CBIZ acquired Marcum's attest business Nov 1, 2024.
Anticipates substantially same audit team from CBIZ as prior Marcum team.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Marcum LLP resigned as auditor of KINETA, INC./DE.

Action: resignation
Auditor: Marcum LLP
Successor: CBIZ CPAs P.C.

Exact text from the filing

On March 27, 2025, Marcum resigned as the Company’s independent registered public accounting firm, and CBIZ CPAs was engaged to serve as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2025, effective immediately.

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

KINETA, INC./DE engaged CBIZ CPAs P.C. as its auditor.

Action: engagement
Auditor: CBIZ CPAs P.C.

Exact text from the filing

On March 27, 2025, Marcum resigned as the Company’s independent registered public accounting firm, and CBIZ CPAs was engaged to serve as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2025, effective immediately.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-25-046744

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