3/5Aspen-1 Acquisition Inc.: Auditor change

Market data

n/a: no ticker symbol on the filing.

Verified excerpt

"As a result of the Merger, we acquired the business of Deep Isolation, which is engaged in the development of innovative solutions for temporary storage and transportation of high-level nuclear waste ("HLW"), including spent nuclear fuel ("SNF"), and for permanent disposal of HLW and other nuclear waste via deep underground boreholes."

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: Grassi & Co., CPAs, P.C.

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