EON Resources Inc. Announces Change in Auditors Amidst Accounting Personnel and Control Weaknesses

Reuters
05-20
EON Resources Inc. Announces Change in Auditors Amidst Accounting Personnel and Control Weaknesses

EON Resources Inc. has announced a change in its certifying accountant. On May 13, 2025, Marcum LLP resigned as the company's independent registered public accounting firm following its acquisition by CBIZ CPAs P.C. Marcum's reports for the fiscal years ending December 31, 2023, and December 31, 2024, did not contain adverse opinions but included an explanatory paragraph on the company's ability to continue as a going concern. EON Resources cited material weaknesses in its financial accounting processes, including insufficient accounting personnel, lack of segregation of duties, improper accounting for complex financial instruments, and inadequate controls for oil and gas activities. The company has engaged CBIZ CPAs P.C. as its new independent auditor, with approval from its Audit Committee and Board of Directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-045428), on May 19, 2025, and is solely responsible for the information contained therein.

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