HNO International, Inc. (HNOI): auditor change — HNO Intl restates FY2024, Q1 & Q2 2025; stock-based comp understated by $1.1M and $4.8M

HNO International, Inc.

Board concluded financial statements for FY ended Oct 31, 2024, and Q1/Q2 ended Jan/Apr 2025 are no longer reliable.
Service stock issuance valuation errors understated stock-based comp expense by $1,108,368 (FY2024) and $4,827,055 (Q1 2025).
Non-cash adjustments increase additional paid-in capital and reduce accumulated deficit.
Company intends to file amended 10-K and 10-Qs to correct errors and update disclosures.

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

HNO International, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On September 12, 2025, the Board of Directors of HNO International, Inc. (the “Company”), following consultation with management, concluded that the Company’s previously issued financial statements for the fiscal year ended October 31, 2024, and for the interim periods ended January 31, 2025 and April 30, 2025, should no longer be relied upon due to errors in the valuation of service stock issuances and the related stock-based compensation expense.

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Source: SEC EDGAR

accession 0001985705-25-000032

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