Arrive AI announces the resignation of its independent auditor Stephano Slack and the appointment of M&K CPAs.
SEC EDGAR, 2026-10-16: 8-K (Item 4.01, 9.01) — "substantial doubt"
Arrive AI announces the resignation of its independent auditor Stephano Slack and the appointment of M&K CPAs.
Company: Arrive AI Inc. (ARAI) Filed: October 16, 2026, 8-K (Item 4.01, 9.01) Phrase: "substantial doubt" — "The audit report of Stephano Slack on the Company’s financial statements as of and for the fiscal year ended December 31, 2025 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that Stephano Slack’s reports for the fiscal year ended December 31, 2025 included an explanatory paragraph regarding substantial doubt about the Company’s ability to continue as a going concern." What the filing says: On October 13, 2026, Stephano Slack LLC resigned as the company's independent registered public accounting firm, and the company engaged M&K CPAs, PLLC as its new auditor to review its interim financial statements for the quarter ending September 30, 2026, and to audit its financial statements for the fiscal year ending December 31, 2026. Stephano Slack's audit report for the fiscal year ended December 31, 2025, included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern. Additionally, the company has an ongoing, unremediated material weakness in its internal control over financial reporting relating to the identification, bifurcation, and fair value measurement of embedded derivatives in hybrid financial instruments, which previously led to the restatement of its financial statements for the quarters ended June 30, 2025, and September 30, 2025. Two ways it goes: A. The new auditor completes its reviews and audits of the company's financial statements without further restatements or disagreements. B. The company faces further reporting delays, restatements, or disagreements with its new auditor regarding its financial controls and going concern status. Next date: none named Watch: The filing of the quarterly report on Form 10-Q for the period ending September 30, 2026, containing the new auditor's review.