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Nexus Advanced Technologies appoints HTL International as auditor after PwC report cited going concern risks and material weaknesses
KWMNexus Advanced Technologies Inc.
Nexus Advanced Technologies Inc. dismissed Samil PricewaterhouseCoopers as its independent auditor effective September 21, 2026, and appointed HTL International, LLC as the successor auditor effective October 1, 2026. The dismissal was approved by the Audit Committee with no disagreements on accounting principles or auditing scope. However, the former auditor's report for the fiscal year ended December 31, 2025, contained an explanatory paragraph regarding the company's ability to continue as a going concern and identified material weaknesses in internal control over financial reporting due to insufficient IFRS and SEC reporting expertise. The company operates in the advanced technology sector.