secwatch.observer — SEC 8-K summary
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Issuer:     KINETA, INC./DE (—)
CIK:        0001445283
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0000950170-25-046744
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kineta replaces auditor Marcum with CBIZ CPAs; cites going concern, material weaknesses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445283/000095017025046744/0000950170-25-046744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445283/000095017025046744/kant-20250327.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-046744

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