Auditor M&K CPAS Resigns Amidst Prior Going Concern Warnings

summarizeSummary

SAFE & GREEN HOLDINGS CORP.'s independent auditor, M&K CPAS, PLLC, has resigned, effective January 6, 2026, following two years of audit opinions that included a going concern paragraph.

check_boxKey Events

• Auditor Resignation

  M&K CPAS, PLLC formally resigned as the company's independent auditors, effective January 6, 2026, with the Board accepting the resignation on January 9, 2026.

• No Disagreements Reported

  The company stated there were no disagreements with M&K on accounting principles or practices, financial statement disclosure, or auditing scope, nor any reportable events.

• Prior Going Concern Warnings

  M&K had included a paragraph in its audit opinions for the past two fiscal years regarding the company's ability to continue as a going concern.

• Micro-Cap Context

  For a micro-cap company trading near its 52-week low, an auditor change, especially with a history of going concern issues, can be a significant concern for investors.

auto_awesomeAnalysis

The resignation of M&K CPAS, PLLC as SAFE & GREEN HOLDINGS CORP.'s independent auditor is an important event, particularly given the company's micro-cap status and its history of receiving going concern qualifications in prior audit opinions. While the company stated there were no disagreements on accounting principles or reportable events leading to the resignation, the prior going concern warnings indicate significant financial uncertainty. This auditor change could complicate future financial reporting and potentially impact the company's ability to secure financing or maintain investor confidence, especially as it trades near its 52-week low.