Concrete Leveling Systems Changes Auditor Amidst Going Concern Warning
CLEV has more than doubled off its 52-week low of $0.07.
Summary
Concrete Leveling Systems announced a change in its independent auditor, Stephano Slack LLC, to Sadler, Gibb & Associates, LLC, with the previous auditor having issued a going concern warning.
Key Events · Corporate Governance and Compliance · CLEV
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Auditor Change
Concrete Leveling Systems mutually agreed to part ways with Stephano Slack LLC and appointed Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm.
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Going Concern Warning Highlighted
The previous auditor's report for the fiscal year ended July 31, 2025, contained an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern, which was the only reportable event.
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No Accounting Disagreements
The company stated there were no disagreements on accounting principles or practices with the former auditor.
Analysis · CLEV · Technology
The company changed its independent registered public accounting firm, Stephano Slack LLC, replacing them with Sadler, Gibb & Associates, LLC. While there were no disagreements on accounting principles, the previous auditor's report included a "going concern" warning, which was noted as the sole reportable event. This change occurs as the company faces severe financial challenges, including a previously disclosed cash runway that expired in April 2026.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.5% of the 1626 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLEV was trading at $0.59 on OTC in the Technology sector, with a market capitalization of approximately $8.3M. The 52-week trading range was $0.07 to $4.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.