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AgEagle Aerial Systems Soars 10.48% on Auditor Change
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jul 11, 2025 6:40 am ET1min read
On July 11, 2025,
experienced a significant surge in its stock price, rising by 10.48% in pre-market trading.On July 2, 2025,
announced a change in its independent registered public accounting firm. The company dismissed WithumSmith+Brown, P.C. and appointed Grassi & Co., CPAs, P.C. as its new auditor. This decision came after the identification of a material weakness in the company's internal controls related to the computation of net loss attributable to common stockholders, which resulted in an understatement of loss per share.The dismissal of WithumSmith+Brown was not due to any disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure. However, the company had previously filed a 10-K/A on November 27, 2024, amending the Form 10-K for the year ended December 31, 2023, to correct the identified errors. The new auditor, Grassi & Co., will be responsible for auditing the company's consolidated financial statements for the year ending December 31, 2025.
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