Basanite terminates independent auditor after discovering PCAOB withdrawal
Basanite Inc. terminated Hudgens CPA, PLLC as its independent registered public accounting firm on June 2, 2026, after discovering that Hudgens had withdrawn from the PCAOB and ceased operations in November and December 2025 without notifying the company. The company had no communications with Hudgens since November 2025. Prior audit reports for fiscal years ended December 31, 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications.
Key facts
- Basanite Inc. terminated Hudgens CPA, PLLC on June 2, 2026
- Hudgens CPA, PLLC withdrew from PCAOB as of November 2025 and December 2025
- Company had no communications with Hudgens since November 2025
- Hudgens reports on consolidated financial statements for fiscal years ended December 31, 2024 and December 31, 2023 contained no adverse opinion or disclaimer of opinion
- No disagreements under Item 304(a)(1)(iv) of Regulation S-K during fiscal years ended December 31, 2024 and 2023 and interim period through June 2, 2026
- No reportable events under Item 304(a)(1)(v) of Regulation S-K
Why it matters
The loss of its auditor due to the firm's PCAOB withdrawal and cessation of operations creates uncertainty regarding the company's ability to file timely audited financial statements and maintain compliance with SEC reporting requirements.
Developing story
- NT 10-K
- 8-Kthis filing
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Derived from 8-K filed 2026-06-05. Not investment advice. View the source filing on SEC.gov →