Ludwig Enterprises, Inc. has announced the resignation of Stephano Slack LLC as its independent registered public accounting firm. The resignation is effective June 22, 2026. The Company’s Board of Directors has acknowledged the change and approved the switch in auditors.
According to the filing, Stephano Slack’s report on the Company’s consolidated financial statements for the fiscal year ended December 31, 2025, did not contain an adverse opinion or a disclaimer of opinion. The report was not qualified or modified regarding audit scope or accounting principles. However, it did include an explanatory paragraph expressing substantial doubt about the Company's ability to continue as a going concern.
The filing states that during the period from April 18, 2025, when Stephano Slack was appointed, through June 22, 2026, there were no disagreements between the Company and the auditor on matters of accounting principles, financial statement disclosure, or auditing procedures that would have required a reference in the audit report. Additionally, there were no reportable events during this time.
As of the date of this report, the Company has not yet engaged a successor independent registered public accounting firm. The Company has provided Stephano Slack with a copy of the disclosures and requested a letter addressed to the Securities and Exchange Commission regarding the statements made in the filing. Stephano Slack has provided this letter, which is filed as Exhibit 16.1 to the report.
