System1 dismisses PwC, appoints Deloitte as auditor; cites material weaknesses

System1, Inc.

Dismissed PwC as independent auditor; appointed Deloitte & Touche effective June 4, 2024.
PwC's 2022 predecessor audit included an explanatory paragraph on going-concern doubt.
Multiple material weaknesses identified in internal controls over financial reporting.
Withdrew Proposal 2 (ratification of PwC) from June 11, 2024 annual meeting.
Company will seek stockholder ratification of Deloitte at the 2025 annual meeting.

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