Ultralife (ULBI) Appoints New Auditor Following Firm Acquisition

Ultralife Corporation (NASDAQ:ULBI) is one of the top lithium stocks to buy now. The company announced a change in its independent auditor on August 27, following the acquisition of certain assets of Freed Maxick P.C. by Withum Smith+Brown, PC.

The company’s Audit and Finance Committee approved Withum as the new auditor for the fiscal year ending December 31, 2025. Freed Maxick’s prior audit reports for 2023 and 2024 were unqualified, though a material weakness was noted in internal controls for 2024.

Ultralife confirmed there were no disagreements or reportable events with Freed Maxick during the transition period. Additionally, the company did not consult Withum prior to the appointment regarding accounting principles or audit matters. Freed Maxick was provided with the disclosure and issued a confirming letter to the SEC, which was included in the official filing.

Ultralife Corporation (NASDAQ:ULBI) develops and supplies advanced lithium-based power solutions through its Battery & Energy Products segment. Its offerings include 9-volt, cylindrical, and thin lithium manganese dioxide batteries, rechargeable lithium-ion cells, and multi-kilowatt systems, serving both military and commercial needs. Marketed under brands like Ultralife, Lithium Power, and Excell Battery Group, these technologies support global industrial, defense, and consumer markets.

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Disclosure: None. This article is originally published at Insider Monkey.