Arrive AI names M&K as auditor after Stephano Slack resigns
ARAI•Arrive AI appointed M&K CPAS as auditor effective October 13, 2026, after Stephano Slack resigned the same day. An unresolved material weakness led to 2025 quarterly restatements, and Stephano Slack's fiscal 2025 audit report cited substantial doubt about the company's ability to continue as a going concern.
1. Auditor change
Arrive AI appointed M&K CPAS as auditor effective October 13, 2026, following Stephano Slack's resignation that day. The company reported no accounting or auditing disagreements with Stephano Slack during fiscal 2025 or the subsequent interim period through October 13, 2026.
2. Reporting issues
An unresolved material weakness involved embedded derivatives in hybrid financial instruments and discount accretion on host debt instruments. The weakness prompted April 15, 2026, restatements of quarterly financial statements for the periods ended June 30 and September 30, 2025. Stephano Slack's fiscal 2025 audit report included substantial doubt about the company's ability to continue as a going concern.
