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Marblegate Capital Corp (OTCQX:MGTE) announced Monday that its Audit Committee approved the dismissal of Marcum LLP as the company’s independent registered public accounting firm, effective as of July 17, 2025. The committee subsequently appointed Deloitte & Touche LLP to serve as the new independent auditor for the fiscal year ending December 31, 2025, pending completion of Deloitte’s standard client acceptance procedures.
According to the company’s statement in a Securities and Exchange Commission filing, Marcum LLP’s audit reports for the years ended December 31, 2024, and 2023 did not contain any adverse opinions or disclaimers, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except for a paragraph noting substantial doubt about Marblegate Capital’s ability to continue as a going concern prior to the completion of its business combination on April 7, 2025.
The filing states that there were no disagreements between the company and Marcum LLP over accounting principles, financial statement disclosures, or audit procedures during the two most recent fiscal years and the interim period through July 17, 2025. The company did identify a material weakness in its internal controls related to the financial statement closing process for the year ended December 31, 2023. This issue was previously disclosed and, according to the SEC filing, was remedied during 2024.
The company also noted that it did not consult with Deloitte on any matters related to accounting principles, potential audit opinions, or reportable events prior to the appointment.
A letter from Marcum LLP, confirming its agreement with the company’s disclosures, was included as an exhibit in the filing.
This information is based on a press release statement included in Marblegate Capital Corp’s SEC filing.
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