other_material
confidence high
sentiment negative
materiality 0.70
AgEagle dismisses Withum as auditor, appoints Grassi; cites material weakness, going concern
AgEagle Aerial Systems Inc.
- Withum dismissed July 2, 2025; Grassi appointed effective July 9, 2025 for FY2025 audit.
- Withum's reports included going concern uncertainty for Company's ability to continue.
- Material weakness in internal controls re EPS computation error and dividend classification; amended 10-K/A filed Nov 2024.
- No disagreements with Withum on accounting principles during fiscal 2023 and 2024.
item 4.01item 9.01