Vertical Data Inc. Changes Independent Auditor to Simon & Edward LLP

What Happened

• Vertical Data, Inc. (VDTA) announced in an 8-K filed July 30, 2026 that its Audit Committee dismissed BCRG Group (BCRG) and approved Simon & Edward LLP (S&E) as the Company’s new independent registered public accounting firm. S&E’s appointment follows S&E’s acquisition, effective June 15, 2026, of BCRG’s attest business. The committee action occurred on June 24, 2026. Services previously provided by BCRG will now be provided by S&E.

Key Details

• Audit committee action date: June 24, 2026; S&E acquisition of BCRG’s attest business effective June 15, 2026.
• BCRG’s audit reports for fiscal years ended September 30, 2025 and 2024: no adverse opinion, no disclaimer, and not qualified or modified.
• No disagreements or “reportable events” between the Company and BCRG for the two most recent fiscal years (ended Sept. 30, 2025 and 2024) and the interim period through the filing date.
• Company requested—and filed as Exhibit 16.1—a letter from BCRG dated June 24, 2026 confirming the statements above. The company also disclosed it did not consult S&E on accounting matters prior to engagement.

Why It Matters

• An auditor change can affect investor confidence in financial reporting; here the change stems from a business acquisition (S&E acquiring BCRG’s attest practice) rather than disagreement over accounting.
• The filing notes no disagreements or reportable events and clean prior audit opinions, which suggests continuity in audit conclusions for past periods. Investors should note the new auditor for future reports and review upcoming audit opinions and disclosures from S&E.