Nexentis Technologies Dismisses Auditor KPMG Israel (Aug 6, 2026)

What Happened

• Nexentis Technologies Inc. announced that on August 6, 2026 its Board and Audit Committee approved the dismissal of Somekh Chaikin, a member firm of KPMG International (KPMG Israel), as the company’s independent registered public accounting firm, effective August 6, 2026.
• KPMG Israel’s audit reports for the years ended December 31, 2025 and 2024 did not include an adverse opinion or disclaimer and were not otherwise qualified, but did include a separate going-concern paragraph noting recurring losses and a net capital deficiency and referencing management’s plans (see Note 1C of the financials).

Key Details

• Dismissal effective date: August 6, 2026.
• Auditor: Somekh Chaikin (member firm of KPMG International / “KPMG Israel”).
• Prior audit reports (YE 2025 and 2024): no adverse or qualified opinion, but included a going-concern paragraph about recurring losses and net capital deficiency.
• The company reported no disagreements and no reportable events with KPMG Israel for the two most recent fiscal years. The filing includes a letter from Somekh Chaikin as Exhibit 16.1. The filing does not identify a successor auditor.

Why It Matters

• A change of independent auditor is a material governance event investors track because it affects financial statement oversight and audit continuity.
• The presence of going-concern language in prior audit reports signals ongoing financial stress at the company (recurring losses and net capital deficiency), which is a substantive disclosure for investors assessing risk.
• Investors should watch for a filing naming the new auditor and for upcoming financial reports or disclosures that address the company’s financial condition and any auditor comments.