other material
confidence high
sentiment neutral
materiality 0.60
NET Power Inc. (NPWR): auditor change — NET Power dismisses Withum, engages Grant Thornton as new auditor
NET Power Inc.
- Dismissed WithumSmith+Brown, PC on June 29, 2023; no disagreements with prior auditor.
- Withum's report included an explanatory paragraph about substantial doubt as going concern if no business combination by June 2023.
- Engaged Grant Thornton LLP as new independent auditor for fiscal year ending Dec 31, 2023.
- GT previously audited NET Power, LLC before its business combination with Rice Acquisition Corp. II.
- No consultations with GT prior to engagement.