other material
confidence high
sentiment negative
materiality 0.85
Bio Green Med Solution, Inc. (BGMS): auditor change — Cyclacel dismisses auditor Bush & Associates; going concern doubt flagged
Bio Green Med Solution, Inc.
- Audit Committee dismissed Bush & Associates CPA LLP as independent auditor effective August 22, 2025.
- Engaged SFAI Malaysia PLT as new independent registered public accounting firm for fiscal year 2025.
- Bush advised the Company lacks sufficient funds to complete development and commercialization, raising substantial doubt about going concern.
- No disagreements or reportable events occurred except the going concern matter; Company authorized Bush to respond to SFAI inquiries.