NEONC TECHNOLOGIES HOLDINGS, INC. (NTHI): auditor change — NeOnc Technologies restates Q1 2025 financials due to RSU compensation error

NEONC TECHNOLOGIES HOLDINGS, INC.

Overstated non-cash share-based compensation on 1,486,667 RSUs issued Jan 4, 2024; assumed full vesting by Mar 31, 2025.
Actual vesting over 22 months; only 15 months vested as of Mar 31, 2025, requiring restatement.
Discovered Aug 13, 2025; management and audit committee concluded March 31, 2025 10-Q no longer reliable.
Restated figures included in the Company's June 30, 2025 10-Q filing.

item 4.02

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

NEONC TECHNOLOGIES HOLDINGS, INC. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

Management of the Company, after discussions with and among the Audit Committee of the Board of Directors and its independent auditors, concluded that the Company’s unaudited consolidated financial statements as of and for quarter ended March 31, 2025 should no longer be relied upon and should be restated.

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Source: SEC EDGAR

accession 0001829126-25-006524

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