ClimateRock (CLRCF): auditor change — ClimateRock restates Q3 2022 financials, cites material weakness in internal controls

ClimateRock

Audit committee concluded Sep 30, 2022 financials should no longer be relied upon due to misstated legal expenses.
Legal fees for the Business Combination Agreement with Eco Energy World PLC were improperly recorded in Q3 2022.
CEO and CFO identified a material weakness in internal controls over financial reporting in the accrual process.
Company plans to file an amended Form 10-Q/A to restate the affected financial statements as soon as practicable.

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

ClimateRock reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the Company’s unaudited financial statements as of September 30, 2022 contained in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2022 (the “10-Q”), should no longer be relied upon

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Source: SEC EDGAR

accession 0001213900-22-081850

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