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LanzaTech Global, Inc. (NASDAQ:LNZA) shares are falling on Monday. The stock continues a 37.13% selloff from Friday.
Auditor Dismissal Sparks Concern
The decline follows a Friday U.S. Securities and Exchange Commission filing. LanzaTech dismissed Deloitte & Touche LLP as its independent accounting firm.
The Board approved the move on April 10. BDO USA, P.C. will take over for the 2026 fiscal year.
Going Concern Disclosures
Internal reports raise red flags for investors. Deloitte’s previous audits contained an “explanatory paragraph regarding substantial doubt about the Company’s ability to continue as a going concern.”
The firm also identified material weaknesses in internal controls. These are related to revenue recognition …
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