other material
confidence high
sentiment negative
materiality 0.70
Artemis Strategic Investment Corp: auditor change — Artemis Strategic restates Q3 2022 financials; material weakness in internal controls
Artemis Strategic Investment Corp
- Waiver of deferred underwriting fee incorrectly recognized as gain; should have been credit to stockholder's deficit.
- Previously issued unaudited Q3 2022 financials should no longer be relied upon.
- Restatement to be included in the 2022 Form 10-K; no impact on cash or trust account.
- Material weakness in internal control over financial reporting identified as of December 30, 2022.
- Management and audit committee discussed matters with independent auditor WithumSmith+Brown.