2/5Rigel Resource Acquisition Corp. (RRACF): Auditor change

Market data

n/a: no price data available for RRACF.

Verified excerpt

"Accordingly, on May 12, 2025, as a result of the acquisition, Marcum resigned as the independent registered public accounting firm of Rigel Resource Acquisition Corp ("we," "our," "us," "Rigel" or the "company") and, with the approval of the Audit Committee, CBIZ CPAs was engaged as our independent registered public accounting firm for the fiscal year ending December 31, 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 (audit-firm merger)
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.

Why this score: routine: audit firm merged/was acquired; also within 90 days: Going-concern doubt