Abpro Holdings, Inc. Reports Change in Certifying Accountant
Ticker: ABPWW · Form: 8-K · Filed: Dec 10, 2024 · CIK: 1893219
Sentiment: neutral
Topics: auditor-change, corporate-governance
TL;DR
Abpro Holdings changed its auditor, potentially a sign of financial shifts.
AI Summary
Abpro Holdings, Inc. filed an 8-K on December 9, 2024, reporting changes in its certifying accountant. The company, formerly known as Atlantic Coastal Acquisition Corp. II, is incorporated in Delaware and its fiscal year ends on December 31st. This filing indicates a transition in their auditing firm.
Why It Matters
A change in a company's auditor can signal potential concerns about financial reporting or a strategic shift in how the company presents its financial health.
Risk Assessment
Risk Level: medium — Changes in certifying accountants can sometimes precede or coincide with financial irregularities or a need for a fresh perspective on financial reporting.
Key Numbers
- 001-41224 — Commission File Number (Identifier for Abpro Holdings, Inc. with the SEC)
- 87-1013956 — I.R.S. Employer Identification No. (Tax identification number for Abpro Holdings, Inc.)
Key Players & Entities
- Abpro Holdings, Inc. (company) — Registrant
- Atlantic Coastal Acquisition Corp. II (company) — Former Company Name
- December 9, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
FAQ
What is the primary reason for the change in Abpro Holdings, Inc.'s certifying accountant?
The filing does not explicitly state the reason for the change in certifying accountant, only that it is a change.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 9, 2024.
What was Abpro Holdings, Inc. formerly known as?
Abpro Holdings, Inc. was formerly known as Atlantic Coastal Acquisition Corp. II.
In which state is Abpro Holdings, Inc. incorporated?
Abpro Holdings, Inc. is incorporated in Delaware.
What is the fiscal year end for Abpro Holdings, Inc.?
The fiscal year end for Abpro Holdings, Inc. is December 31st.
Filing Stats: 770 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-12-09 20:10:58
Key Financial Figures
- $0.0001 — red Shares of Common Stock, par value $0.0001 per share ABP The Nasdaq Stock Mark
- $11.50 — of Common Stock at an exercise price of $11.50 ABPWW The Nasdaq Stock Market LLC
Filing Documents
- ea022411101-8k_abprohold.htm (8-K) — 41KB
- ea022411101ex16-1_abprohold.htm (EX-16.1) — 3KB
- ex16-1_001.jpg (GRAPHIC) — 5KB
- 0001213900-24-107083.txt ( ) — 268KB
- abp-20241209.xsd (EX-101.SCH) — 4KB
- abp-20241209_def.xml (EX-101.DEF) — 26KB
- abp-20241209_lab.xml (EX-101.LAB) — 36KB
- abp-20241209_pre.xml (EX-101.PRE) — 25KB
- ea022411101-8k_abprohold_htm.xml (XML) — 6KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 9, 2024 Abpro Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-41224 87-1013956 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 68 Cummings Park Drive Woburn , MA 01801 (Address of principal executive offices) (Zip Code) 1- 800 - 396-5890 (Registrant's telephone number, including area code) Atlantic Coastal Acquisition Corp. II 6 St Johns Lane, Floor 5 New York, NY 10013 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Shares of Common Stock, par value $0.0001 per share ABP The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 ABPWW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 4.01 Change in Registrant's Certifying Accountant. Effective December 9, 2024, Abpro Holdings, Inc. (the "Company) dismissed Marcum LLP ("Marcum") as its independent registered public accounting firm. On December 9, 2024, the Company engaged Wolf & Company, P.C. ("Wolf") as Marcum's replacement. The decision to change independent registered public accounting firms was made with the recommendation and approval of the Audit Committee of the Company. Marcum's audit reports on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles, except that such reports expressed substantial doubt regarding the Company's ability to continue as a going concern. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this report, there were no disagreements, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K, between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum's satisfaction, would have caused Marcum to make reference to such disagreements in its audit reports. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this report, there were no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K, except for the following material weaknesses which the Company identified in its internal control over financial reporting: failure to timely file tax returns, utilizing cash withdrawn from the trust account for tax obligations for operating purposes, and over-accrual of expenses. The Company has provided Marcum with a copy of this Form 8-K prior to its filing with the SEC and requested Marcum to furnish to the Company a letter addressed to the SEC stating that it agrees with the statements made above. A copy of Marcum's letter dated December 9, 2024 is attached as Exhibit 16.1 to this Form 8-K. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 16.1 Letter from Marcum LLP to the Securities and Exchange Commission dated December 9, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ABPRO HOLDINGS, INC. By: /s/ Ian Chan Name: I