Pangaea Logistics Solutions Ltd. Announces Change in Auditors Amid Internal Control Weakness

Reuters08-30

<a href="https://laohu8.com/S/PANL">Pangaea Logistics Solutions</a> Ltd. Announces Change in Auditors Amid Internal Control Weakness

Pangaea Logistics Solutions Ltd. has announced a change in its independent registered public accounting firm. The company has dismissed Grant Thornton LLP as its auditor and appointed Deloitte & Touche LLP for the fiscal year ending December 31, 2025. The decision followed a competitive selection process by the Audit Committee. The change comes amid the identification of a material weakness in the company's internal controls over financial reporting related to the application of ASC 606, concerning revenue from contracts with customers and accounting for certain customer reimbursements. The Board discussed this issue with the former auditor and has authorized them to fully cooperate with the new auditor on this matter.

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. Pangaea Logistics Solutions Ltd. 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: 0001606909-25-000148), on August 29, 2025, and is solely responsible for the information contained therein.

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