PHOENIX MOTOR INC. (PEVM): auditor change — Phoenix Motor dismisses auditor Marcum Asia, cites material weaknesses; engages Yu CPA

PHOENIX MOTOR INC.

Dismissed Marcum Asia CPAs LLP as auditor effective March 7, 2025; Audit Committee approved March 13, 2025.
Engaged Yu Certified Public Accountant PC as new auditor for FYE Dec 31, 2024, effective March 13, 2025.
Prior audit reports contained going-concern explanatory paragraph; no adverse opinion or disclaimer.
Reported material weaknesses in internal controls including control environment, risk assessment, monitoring, and governance.
Company was released as guarantor of $15M SPI debt to Streeterville on September 6, 2024.

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

PHOENIX MOTOR INC. engaged Yu Certified Public Accountant PC as its auditor.

Action: engagement
Auditor: Yu Certified Public Accountant PC

Exact text from the filing

the Board approved the engagement of Yu Certified Public Accountant PC ("Yu CPA") as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, effective as of March 13, 2025.

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

PHOENIX MOTOR INC. dismissed Marcum Asia CPAs LLP as its auditor.

Action: dismissal
Auditor: Marcum Asia CPAs LLP

Exact text from the filing

the Board approved the dismissal of Marcum Asia CPAs LLP ("Marcum Asia") as the Company’s independent registered public accounting firm, effective as of March 7, 2025.

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PHOENIX MOTOR INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-010354

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