LUNA INNOVATIONS INC: auditor change — EY resigns as LUNA auditor amid restatement, internal control weaknesses, and deregistration plan

LUNA INNOVATIONS INC

Ernst & Young resigned effective Feb 14, 2025; Audit Committee accepted; no successor appointed yet.
Restatement of 2022 financials due to revenue recognition errors; 2023 audit also incomplete.
Material weaknesses in internal control over financial reporting remain unremediated.
Company plans to deregister common stock under Section 12(b)/(g)/15(d) as it has fewer than 300 holders of record.
EY cited concerns over European management conduct; company concluded no cause to terminate additional management.

item 4.01 item 9.01

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

Ernst & Young LLP resigned as auditor of LUNA INNOVATIONS INC.

Action: resignation
Auditor: Ernst & Young LLP

Exact text from the filing

On February 14, 2025, Ernst & Young LLP (“EY”) informed the Audit Committee of the Board of Directors (the “Audit Committee”) of Luna Innovations Incorporated (the “Company”) that EY was resigning from the engagement to audit the Company’s consolidated financial statements for the year ended December 31, 2023 (the “2023 Audit”), effective immediately

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Source: SEC EDGAR

accession 0001239819-25-000020

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