CaliberCos appoints Urish Popeck as new auditor, replaces Deloitte

CaliberCos Inc. (NASDAQ:CWD) announced Thursday that its board of directors approved the appointment of Urish Popeck & Co., LLC as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This decision, recommended by the audit committee and effective immediately, also results in the dismissal of Deloitte & Touche LLP as the company’s independent auditor.

According to a statement released in a regulatory filing, Deloitte’s audit reports for the fiscal years ended December 31, 2024, and December 31, 2023, did not include any adverse opinions or disclaimers of opinion, nor were they qualified or modified regarding uncertainty, audit scope, or accounting principles. The report for the year ended December 31, 2024, included an explanatory paragraph about the company’s ability to continue as a going concern due to negative operating cash flows and insufficient resources to meet debt maturities.

The company stated there were no disagreements with Deloitte on accounting principles, financial statement disclosures, or audit procedures during the two most recent fiscal years and the interim period through September 25, 2025. Additionally, there were no reportable events as defined by SEC regulations.

Urish Popeck has not previously served as the principal auditor or independent accountant for CaliberCos or any significant subsidiary during the last two fiscal years or the recent interim period. The company also noted that neither it nor anyone on its behalf consulted Urish Popeck regarding accounting principles, audit opinions, or any disagreement or reportable event covered by SEC rules prior to the appointment.

CaliberCos provided Deloitte with a copy of the disclosures in the filing and requested that Deloitte furnish a letter to the Securities and Exchange Commission stating whether it agrees with the company’s statements.

This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.

In other recent news, CaliberCos Inc has made significant strides in its financial and strategic initiatives. The company recently closed a $15.9 million securities purchase agreement, selling 15,868 shares of Series B Preferred Stock at $1,000 per share to an institutional investor. This preferred stock is convertible into common shares, though it carries no voting rights or dividends. Additionally, Caliber has established an At-The-Market equity program to further support its financial strategies.

In its digital asset pursuits, Caliber announced the purchase of 183,421 Chainlink (LINK) tokens for $4 million, bringing its total LINK holdings to approximately $10.1 million. This acquisition is part of its Digital Asset Treasury Strategy. Furthermore, Caliber has selected Coinbase Prime as its institutional platform for trading and custody, marking it as the first Nasdaq-listed company to publicly adopt a treasury reserve policy focused on Chainlink’s token. These developments reflect Caliber’s ongoing efforts to integrate digital assets into its financial strategy.

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