Analyst Summary
- Marcum LLP resigned as Longeveron Inc.’s independent registered public accounting firm on March 13, 2025.
- CBIZ CPAs P.C. was engaged as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2025.
- The resignation of Marcum was approved by the Company’s Audit Committee and Board of Directors.
- The report of Marcum on the Company’s financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principle, except for the inclusion of an explanatory paragraph in the audit reports for the fiscal years ended December 31, 2024 and 2023 as to the Company’s ability to continue as a going concern.
- During the fiscal years ended December 31, 2024 and 2023, and the subsequent interim period through March 13, 2025, there were no disagreements or reportable events between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.