BPGC Acquisition Corp.: auditor change — BPGC Acquisition Corp. says prior financials unreliable; will restate for share conversion error

BPGC Acquisition Corp.

Audit committee determined financials for YE Dec 31, 2024 and quarters in 2024/2025 should no longer be relied upon.
Error stems from failure to reflect conversion of 4,300,000 Class B shares into Class A shares by sponsor Ross Holding on March 15, 2024.
Restatement adjusts balance sheet, equity, and EPS weighted shares; earnings per share unchanged.
Company will report an additional material weakness in internal control over financial reporting and plans remediation.
Company intends to file amended 10-K/A with restated financials for the affected periods.

item 4.02

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

BPGC Acquisition Corp. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

should no longer be relied upon because they did not properly reflect the voluntary conversion

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Source: SEC EDGAR

accession 0001185185-26-000046

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