$Live Oak Bancshares Inc(LOB-A)$. announced that its management and Audit Committee, in consultation with its independent auditor KPMG, have determined that previously issued financial statements for 2024 and for the first two quarters of 2025 should no longer be relied upon. The company plans to amend and restate its 2024 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for the periods ended March 31 and June 30, 2025. The restatement will address corrections to the Statements of Cash Flows and related notes.
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