other material
confidence high
sentiment negative
materiality 0.65
Ocean Biomedical dismisses Deloitte & Touche as independent auditor effective Dec. 2, 2024
Ocean Biomedical, Inc.
- Dismissed Deloitte & Touche LLP as independent registered public accounting firm effective December 2, 2024.
- No disagreements with Deloitte on accounting principles, financial statement disclosure, or audit scope during fiscal 2022–2023 or interim period through Dec. 2, 2024.
- Deloitte's prior reports contained a going concern explanatory paragraph citing working capital deficiency and anticipated losses.
- Board approved the change by written consent on December 2, 2024.
- Company requested Deloitte to furnish a letter to the SEC agreeing with the statements; letter attached as Exhibit 16.1.