Ocugen's auditor EY declines re-election for FY2024; company begins search for new auditor

Ocugen, Inc.

EY notified Ocugen on May 31, 2024 it will not stand for re-election as auditor for fiscal year 2024, ceasing after filing Q2 2024 10-Q.
EY's 2023 and 2022 audit reports included going-concern explanatory paragraph; 2023 report also noted restatement of 2022 financials.
No disagreements between Ocugen and EY on accounting principles; EY identified material weakness in internal control over collaborative arrangements.
Ocugen initiated an RFP process with multiple firms including EY; EY declined to participate; new auditor not yet selected.

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