other material
confidence high
sentiment negative
materiality 0.65
Newbury Street Acquisition Corp: auditor change — Marcum LLP resigns as auditor for Newbury Street Acquisition Corporation
Newbury Street Acquisition Corp
- Marcum resigned as independent registered public accounting firm effective November 21, 2025.
- No disagreements on accounting or auditing scope occurred during the two most recent fiscal years.
- Material weaknesses in internal control over financial reporting were previously disclosed in 2022 and 2023 10-Ks and March 2024 10-Q.
- Marcum's prior audit reports contained an explanatory paragraph regarding going concern.
- Marcum's letter to the SEC, dated November 26, 2025, is filed as Exhibit 16.1.