other material
confidence high
sentiment negative
materiality 0.75
Quanergy Systems, Inc.: auditor change — Quanergy auditor Grant Thornton resigns; going-concern doubt noted
Quanergy Systems, Inc.
- Grant Thornton resigned as independent auditor on February 10, 2023.
- No disagreements or reportable events between company and GT during their tenure.
- GT's 2021 audit report included an explanatory paragraph on substantial doubt about going concern.
- Company provided disclosures to GT; GT agreed in letter filed as Exhibit 16.1.