Aspire-Lakewood Holdings, Inc. dismissed Turner Stone & Company, LLP as its independent registered public accounting firm on September 24, 2026, effective immediately. The Audit Committee of the Board of Directors made the decision and simultaneously approved the engagement of CBIZ CPAs P.C. as the new auditor for the fiscal year ending December 31, 2026.
The dismissal followed Turner Stone’s report on the company’s consolidated financial statements as of December 31, 2025. That report raised significant questions about the company's ability to continue as a going concern, though it did not contain an adverse opinion or a disclaimer of opinion. The filing notes that there were no disagreements with Turner Stone on any matter of accounting principles, financial statement disclosure, or auditing scope or procedure during the year ended December 31, 2025, and the subsequent interim periods through September 24, 2026.
In its Annual Report for the year ended December 31, 2025, Aspire-Lakewood Holdings disclosed material weaknesses in its internal control over financial reporting. Management concluded that disclosure controls and procedures were not effective as of December 31, 2025, due to these weaknesses. However, management stated that the consolidated financial statements were prepared in accordance with US generally accepted accounting principles. The company reported no other "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
Aspire-Lakewood Holdings provided Turner Stone with a copy of the disclosure in its Form 8-K and requested a letter stating whether Turner Stone agreed with the company’s statements. Turner Stone informed the company that it does not disagree with the statements made in the report. A letter from Turner Stone to the Securities and Exchange Commission is dated September 29, 2026.
The filing confirms that neither Aspire-Lakewood Holdings nor any party on its behalf consulted with CBIZ CPAs P.C. regarding accounting principles or audit opinions during the period from the year ended December 31, 2025 through September 24, 2026. Aspire-Lakewood Holdings is incorporated in Delaware and its common stock and warrants are traded on The Nasdaq Stock Market LLC under the symbols ASBP and ASBPW, respectively. Kraig Higginson, Chief Executive Officer, signed the report on September 29, 2026.