3/5Terrestrial Energy Inc. /DE/ (HOND): Auditor change

Market data

Price before filing: n/a (n/a close, split/dividend-adjusted)
Market cap at flag: n/a · Latest: $518.6M (2025-10-28)

What happened next

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"On November 21, 2025, the Audit Committee approved the dismissal of WithumSmith+Brown, PC (" Withum "), the independent registered public accounting firm of HCM II prior to the consummation of the Merger, as the independent registered public accounting firm of the Registrant, effective as of the date of notice to Withum, which was delivered to Withum on Monday, November 24, 2025."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: routine (post-merger auditor consolidation)
Disagreements reported: no
Former auditor: WithumSmith+Brown, PC · New auditor: UHY LLP

Why this score: routine: auditor replaced after company merger/SPAC deal; also within 90 days: Going-concern doubt