Pioneer Power Solutions appoints BDO as new auditor, replacing Marcum LLP

PIONEER POWER SOLUTIONS, INC.

Audit committee dismissed Marcum LLP effective Nov 14, 2024; BDO appointed as independent accountant for FY 2024.
Engagement agreement with BDO USA, P.C. entered into on November 26, 2024.
No disagreements or reportable events with former auditor Marcum; no prior consultations with BDO.
Company authorized Marcum to respond fully to BDO inquiries regarding previously reported events.

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