EON Resources Inc. (EONR): auditor change — EON Resources restates Q3 2024 financials due to accounting error in forward purchase agreement liability

EON Resources Inc.

Error involved clerical mistake in fair value adjustment of forward purchase agreement liability with Meteora entities.
Restatement increases Other Income (Expenses) by approximately $5.2M for three and nine months ended Sep 30, 2024.
Net income increases by $5.2M and total liabilities decrease by same amount as a result.
Audit Committee concluded prior financial statements should no longer be relied upon; 2024 Form 10-K to include restated figures.
Company previously disclosed material weaknesses in accounting for complex financial instruments.

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

EON Resources Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Marcum LLP

Exact text from the filing

should no longer be relied upon due to the impact of the errors noted above and will be restated.

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Source: SEC EDGAR

accession 0001213900-25-032130

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