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NEWPORT BEACH, CA – Bimergen Energy Corporation (OTC Markets:BESS), a $33.18 million market cap company specializing in electric services, announced on Monday the dismissal of their previous independent registered public accounting firm, Fortune CPAs, and the appointment of RJI CPAs as their new auditor. According to InvestingPro analysis, the company currently trades below its Fair Value, despite facing operational challenges reflected in its negative earnings per share of -$0.52. The change was made effective immediately on April 11, 2025, as reported by the company’s Audit Committee.
The dismissal of Fortune CPAs comes after their reports on Bimergen Energy’s financial statements for the fiscal years ending December 31, 2023, and 2022, did not contain any adverse opinion or disclaimer and were not qualified or modified in terms of uncertainty, audit scope, or accounting principles. There were no disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal years and the quarter ended March 31, 2024.
Furthermore, the company stated that there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the same periods. Bimergen Energy provided Fortune CPAs with a copy of the report prior to its filing with the Securities and Exchange Commission (SEC) and incorporated edits suggested by Fortune. However, Fortune did not provide a letter stating whether it agrees with the statements made in the report.
RJI CPAs has been engaged as the new independent registered public accounting firm for Bimergen Energy Corporation, effective as of April 14, 2025. The company has not consulted with RJI CPAs on any matters described in items 304(a)(2)(i) and (ii) of Regulation S-K during the two most recently completed fiscal years or through the date of the appointment.
The information in this article is based on the recent SEC filing by Bimergen Energy Corporation. For deeper insights into Bimergen Energy’s financial health metrics and 18 additional exclusive ProTips, visit InvestingPro.
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