Arrive AI Inc. announced a change in its independent registered public accounting firm. Stephano Slack LLC resigned effective October 13, 2026, and was replaced by M&K CPAS, PLLC. The change occurs as the company continues to address a previously disclosed material weakness in its internal controls and after its former auditor issued a "going concern" warning for fiscal year 2025.
Key Details
- Auditor Change: Stephano Slack LLC resigned as the company's auditor and was replaced by M&K CPAS, PLLC, effective October 13, 2026. The company stated the separation was amicable and there were no disagreements on accounting principles.
- Material Weakness: The company disclosed a reportable event related to a material weakness in its internal control over financial reporting concerning the accounting for complex financial instruments. This weakness had not been fully remediated as of June 30, 2026.
- Prior Audit Report: Stephano Slack's audit report for the fiscal year ended December 31, 2025, included an explanatory paragraph expressing substantial doubt about the company's ability to continue as a "going concern".