Pyxis Tankers Inc. Announces Resignation of KPMG Amid Past Accounting Issue

Reuters07-08

<a href="https://laohu8.com/S/PXS">Pyxis Tankers Inc</a>. Announces Resignation of KPMG Amid Past Accounting Issue

Pyxis Tankers Inc. has announced that KPMG Certified Auditors S.A. has resigned as the company's independent registered public accounting firm, effective upon the filing of the company's unaudited financial results for the six-month period ending June 30, 2025. This decision comes after KPMG identified a material weakness related to the incorrect accounting of the partial redemption of the Series A Convertible Preferred Stock during the second quarter of 2024. The company successfully remediated this deficiency by the end of 2024. Despite KPMG's resignation, there were no disagreements or reportable events that impacted the audit reports on the financial statements for the fiscal years ending December 31, 2024, and 2023. Pyxis Tankers plans to appoint a new independent accounting firm soon.

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. Pyxis Tankers 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: 0001641172-25-018013), on July 07, 2025, and is solely responsible for the information contained therein.

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Announces Resignation of KPMG Amid Past Accounting Issue\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/PXSAP\">Pyxis Tankers Inc</a>. has announced that KPMG Certified Auditors S.A. has resigned as the company's independent registered public accounting firm, effective upon the filing of the company's unaudited financial results for the six-month period ending June 30, 2025. This decision comes after KPMG identified a material weakness related to the incorrect accounting of the partial redemption of the Series A Convertible Preferred Stock during the second quarter of 2024. The company successfully remediated this deficiency by the end of 2024. Despite KPMG's resignation, there were no disagreements or reportable events that impacted the audit reports on the financial statements for the fiscal years ending December 31, 2024, and 2023. 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Announces Resignation of KPMG Amid Past Accounting Issue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-08 04:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PXS\">Pyxis Tankers Inc</a>. Announces Resignation of KPMG Amid Past Accounting Issue\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/PXSAP\">Pyxis Tankers Inc</a>. has announced that KPMG Certified Auditors S.A. has resigned as the company's independent registered public accounting firm, effective upon the filing of the company's unaudited financial results for the six-month period ending June 30, 2025. This decision comes after KPMG identified a material weakness related to the incorrect accounting of the partial redemption of the Series A Convertible Preferred Stock during the second quarter of 2024. The company successfully remediated this deficiency by the end of 2024. Despite KPMG's resignation, there were no disagreements or reportable events that impacted the audit reports on the financial statements for the fiscal years ending December 31, 2024, and 2023. 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Announces Resignation of KPMG Amid Past Accounting Issue\n    \n\nPyxis Tankers Inc. has announced that KPMG Certified Auditors S.A. has resigned as the company's independent registered public accounting firm, effective upon the filing of the company's unaudited financial results for the six-month period ending June 30, 2025. This decision comes after KPMG identified a material weakness related to the incorrect accounting of the partial redemption of the Series A Convertible Preferred Stock during the second quarter of 2024. The company successfully remediated this deficiency by the end of 2024. Despite KPMG's resignation, there were no disagreements or reportable events that impacted the audit reports on the financial statements for the fiscal years ending December 31, 2024, and 2023. Pyxis Tankers plans to appoint a new independent accounting firm soon.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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