other material
confidence high
sentiment negative
materiality 0.70
Graphjet auditor Adeptus resigns; 2023 report flagged going concern doubt
GRAPHJET TECHNOLOGY
- Adeptus Partners LLC resigned as independent auditor effective August 21, 2024.
- No disagreements over reported financials or accounting principles.
- Adeptus' 2023 audit report contained an explanatory paragraph expressing substantial doubt about Graphjet's ability to continue as a going concern.
- Copy of Adeptus' letter to SEC stating agreement with disclosures filed as Exhibit 16.1.