Arrive AI replaces auditor Stephano Slack with M&K CPAS after going-concern warning
Arrive AI Inc. said its independent auditor, Stephano Slack LLC, resigned effective October 13, 2026, and that the company engaged M&K CPAS, PLLC the same day to review its September 30, 2026 interim statements and audit fiscal 2026. Stephano Slack's prior audit report on fiscal 2025 included a going-concern explanatory paragraph and cited a material weakness in internal controls that was not fully remediated as of June 30, 2026, which matters for shareholders because it signals ongoing financial reporting and financial viability concerns.
Key points
- Stephano Slack LLC resigned as auditor effective October 13, 2026; the company describes the separation as amicable.
- M&K CPAS, PLLC was engaged on October 13, 2026 for the Q3 2026 review and the fiscal 2026 audit.
- Fiscal 2025 audit report included a going-concern paragraph on substantial doubt about the company's ability to continue.
- A material weakness tied to embedded derivatives and debt accretion led to 10-Q/A restatements filed April 15, 2026, and was not fully remediated as of June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
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