Bowen Acquisition Corp
Bowen Acquisition Corp filed an 8-K reporting the dismissal of independent auditor UHY LLP on September 9, 2026, and the engagement of INBERGO CPA LLP as its new auditor, approved by the Audit Committee on August 31, 2026. UHY's prior audit reports for FY2024 and FY2023 included going-concern explanatory paragraphs. Critically, UHY declined to furnish the letter required under Item 304(a)(3) of Regulation S-K confirming agreement with the Company's disclosures, citing outstanding fees owed by the Company.
- Auditor UHY was dismissed on September 9, 2026, and replaced by INBERGO CPA LLP, approved by the Audit Committee on August 31, 2026.
- UHY declined to provide the required SEC letter confirming agreement with the disclosures, citing outstanding fees owed by the Company.
- UHY's prior audit reports for FY2024 and FY2023 included going-concern explanatory paragraphs regarding substantial doubt about the Company’
- A previously disclosed material weakness in internal controls related to lack of a qualified SEC reporting professional remains unresolved.
- No disagreements on accounting principles or audit scope were reported between the Company and UHY during the relevant periods.
Price data unavailable.
An auditor refusing to provide a legally required letter over unpaid fees is a rare and serious signal of financial strain, especially for a SPAC with pre-existing going-concern warnings.
SPAC auditor changes are uncommon mid-cycle and often signal internal control or liquidity issues. Bowen's inability to pay its outgoing auditor is a red flag for a SPAC that must complete a business combination.
UHY's refusal to furnish the Item 304(a)(3) letter due to unpaid fees signals financial distress and raises questions about the Company's ability to pay its new auditor. The unresolved material weakness and prior going-concern opinions compound audit risk.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.