Pure Cycle dismisses Plante & Moran, engages FORVIS as independent auditor

PURE CYCLE CORP

Audit committee and board approved dismissal of Plante & Moran, effective after August 31, 2022 audit completion.
No disagreements with Plante & Moran on accounting principles or audit scope during fiscal 2020 and 2021.
Previously disclosed material weakness in spreadsheet controls for fiscal 2021 and interim 2022 was concurred with by Plante & Moran.
FORVIS engaged as new independent auditor starting with quarter ending November 30, 2022 and fiscal year 2023.
No prior consultations with FORVIS on accounting or audit matters before engagement.

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