Pioneer Power dismisses auditor Marcum, cites material weaknesses; Q3 earnings call held

PIONEER POWER SOLUTIONS, INC.

Audit committee dismissed Marcum LLP as independent auditor effective Nov 14, 2024.
Marcum's prior reports were unqualified except for restatement paragraph; no disagreements.
Material weaknesses reported: revenue recognition for complex transactions and inventory accounting.
Q3 2024 earnings call held; financial results and Q4 2024/FY 2025 guidance discussed but no specific figures in filing.
Company provided Marcum's response letter as Exhibit 16.1.

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