Charge Enterprises Engages Ernst & Young LLP as New Independent Registered Public Accounting Firm
Rhea-AI Summary
Charge Enterprises (Nasdaq: CRGE) announced on April 21, 2022, the appointment of Ernst & Young LLP as its new independent registered public accounting firm, replacing Seligson & Giannattasio LLP. This change will be effective upon the filing of its Quarterly Report on Form 10-Q for the quarter ending March 31, 2022. The Audit Committee expressed gratitude to Seligson & Giannattasio for their service over the past two years, emphasizing that their audit reports did not contain any adverse opinions. Charge focuses on providing communications and EV charging infrastructure globally.
Positive
- Engagement of Ernst & Young LLP as a reputable independent auditor.
- Seligson & Giannattasio provided quality services without adverse opinions in audit reports.
Negative
- None.
News Market Reaction
On the day this news was published, CRGE declined 7.84%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESSWIRE / April 21, 2022 / Charge Enterprises, Inc. (Nasdaq:CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle charging ("EV") infrastructure, today announced the
Audit Committee of its Board of Directors approved the engagement of Ernst & Young LLP ("Ernst & Young") as Charge's new independent registered public accounting firm to succeed Seligson & Giannattasio LLP ("Seligson & Giannattasio"). The transition will be effective upon Charge filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.
Charge and the Audit Committee of Charge's Board of Directors would like to express their sincere gratitude to Seligson & Giannattasio for the quality of service, diligence and professionalism provided over the past two years.
Seligson & Giannattasio's audit reports on Charge's consolidated financial statements in each of the two fiscal years ended December 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
About Charge Enterprises Inc.
Telecommunications
Our Telecommunications business ("Telecommunications") has provided termination of both voice and data to Carriers and Mobile Network Operators ("MNOs") globally for over two decades and we will selectively add profitable products and services to this long-established business.
Infrastructure
Our Infrastructure business ("Infrastructure") has a primary focus on two fast growing sectors: electric vehicle ("EV") charging, and Telecommunications Network 5G, including cell tower, small cell, and in-building applications. Solutions for these two sectors include: Design and Engineering, Equipment Specification and Sourcing, Installation, Data and Software Solutions, and Service and Maintenance.
To learn more about Charge, visit Charge Enterprises.
Media Contacts:
Steve Keyes (248) 952-7022
Steve.keyes@centigrade.com
Investor Relations:
Carolyn Capaccio, CFA (212) 838-3777
Ccapaccio@lhai.com
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.
Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Charge Enterprises Inc.
View source version on accesswire.com:
https://www.accesswire.com/698210/Charge-Enterprises-Engages-Ernst-Young-LLP-as-New-Independent-Registered-Public-Accounting-Firm
FAQ
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