HENNESSY CAPITAL INVESTMENT CORP. V: Non-dependence on previous financial statements, audits or interim review (form 8-K)
Article 4.02. Non-reliance on previously published financial statements or related audit report or interim review completed.
As part of the preparation of the financial statements of
As a result, the Company recognized a classification error related to temporary and permanent equity, which it corrected in its condensed financial statements included in its quarterly report on Form 10-Q from and for the periods ended.
The Company does not expect the changes described above to have an impact on its cash position or the balance held in its trust account.
The management of the Company has concluded that in light of the classification error described above, a material weakness exists in the Company’s internal control over financial reporting and that the controls and procedures of Company disclosure were not effective. The Company will describe its remediation plan for such a material weakness in the upcoming Amended Form Q3 10-Q.
Management of the Company and the Audit Committee have discussed the matters disclosed in this current report on Form 8-K in accordance with this Section 4.02 with Withum, the independent registered public accounting firm of the Company.
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