SILVER BOW MINING CORP. 8-K

What Happened

• Silver Bow Mining Corp. (SBMT) announced that Assure CPA, LLC merged into Sadler Gibb & Associates LLC and, as a result, ceased operations as a public accounting firm and resigned as the Company’s independent registered public accounting firm effective June 3, 2026. The Audit Committee was notified of the merger and resignation.
• Assure’s audit report on Silver Bow’s consolidated financial statements for the year ended December 31, 2025 included a modification regarding uncertainty about the Company’s ability to continue as a going concern, but contained no other adverse or disclaimer opinions and no other qualifications. A different auditor had issued the audit report for the year ended December 31, 2024.

Key Details

• Resignation date: June 3, 2026; resignation notice/letter included as an exhibit (Assure CPA letter dated June 9, 2026).
• Cause: Assure merged into Sadler Gibb & Associates LLC pursuant to an asset purchase agreement and ceased public accounting operations.
• Audit note: 2025 audit included a going-concern modification; no other adverse opinions or qualifications.
• No disagreements or “reportable events” were reported with Assure for fiscal years 2024 and 2025 or through the interim period before the resignation.

Why It Matters

• Auditor turnover can affect audit continuity and timing of future filings; Silver Bow will need to engage a new independent auditor and disclose that selection when made.
• The 2025 audit’s going-concern modification is material information for investors because it signals uncertainty about the company’s short-term financial viability.
• The filing clarifies the change resulted from the auditor’s merger (not a disagreement with management), and the company reported no audit disputes or reportable events with Assure.