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Garnett Keithly, the Chief Financial Officer of Neonc Technologies Holdings , Inc. (NASDAQ:NTHI), has acquired 135 shares of the company’s common stock, according to a recent SEC filing. The purchase comes as the stock trades near $7.33, down roughly 41% over the past six months, with notably high price volatility. The transaction, which took place on May 19, 2025, was valued at approximately $976, with shares priced at $7.23 each. Following this acquisition, Keithly directly owns a total of 240,225 shares. Additionally, Keithly indirectly holds 44,053 shares through HCWG LLC, where he is a beneficial owner by virtue of being the sole member of The Hilkiah Group LLC. With a weak financial health score and current price above InvestingPro’s Fair Value estimate, investors might benefit from analyzing 8 additional ProTips available on the platform.
In other recent news, Neonc Technologies Holdings, Inc. has appointed CBIZ (NYSE:CBZ) CPAs P.C. as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. This decision follows the resignation of their previous accounting firm, Marcum LLP, which occurred after CBIZ acquired Marcum’s attest business. The change was approved by the Audit Committee of Neonc Technologies’ Board of Directors. Marcum’s reports for the past two fiscal years did not include any adverse opinions but did highlight concerns regarding the company’s ability to continue as a going concern. During Marcum’s tenure, no disagreements on accounting principles or practices were reported, though material weaknesses in internal controls were identified. These weaknesses pertained to segregation of duties, entity-level controls, transaction classes, related party transactions, and information technology general controls. Neonc Technologies had not consulted with CBIZ on any accounting matters before their engagement. The company has not provided additional details about the transition or Marcum’s resignation. This information was disclosed in a filing with the U.S. Securities and Exchange Commission.
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