other material
confidence high
sentiment negative
materiality 0.65
Gesher I Acquisition Corp.: auditor change — Gesher I Acquisition Corp. restates Q2 2022 financials due to expense accrual error
Gesher I Acquisition Corp.
- Management identified error in recording Fairness Opinion fee for business combination with Freightos Limited.
- Quarterly Report on Form 10-Q for June 30, 2022 should no longer be relied upon.
- Company is amending the 10-Q to correct the misstatement of expenses.
- Discussed the matter with independent auditor Marcum LLP.
- Error affected previously reported balances for three and nine months ended June 30, 2022.