other material
confidence high
sentiment negative
materiality 0.80
Osiris Acquisition Corp.: auditor change — Osiris Acquisition Corp restates 2022 financials; material weakness identified
Osiris Acquisition Corp.
- Company will restate 2022 annual financials to correct accretion of Class A common stock subject to redemption.
- Previously issued 2022 financial statements should no longer be relied upon.
- Material weakness in internal control over financial reporting and ineffective disclosure controls cited.
- Audit committee discussed restatement with independent auditor WithumSmith+Brown.
- Restatement to be filed as an amended Form 10-K/A.