Business Context and Reporting Period
This Form 8-K filing by Mount Logan Capital Inc. (MCLI) is dated November 5, 2025. The report details a change in the Company's independent registered public accounting firm following a business combination consummated on September 12, 2025, involving the merger of the Company (formerly Yukon New Parent, Inc.), Legacy MLC, and 180 Degree Capital Corp. (TURN).
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the current period. However, it notes that the former auditor, EisnerAmper LLP, issued reports for the period ending June 30, 2025, which expressed substantial doubt regarding the Company's ability to continue as a going concern. No other financial metrics are disclosed in this specific report.
Material Changes
- Dismissal of Auditor: On November 5, 2025, the Audit Committee dismissed EisnerAmper LLP as the independent registered public accounting firm.
- Appointment of New Auditor: On the same date, Deloitte & Touche LLP was appointed as the independent public accounting firm for the fiscal year ending December 31, 2025.
- Audit History: EisnerAmper audited TURN and the Company since 2023 and 2025, respectively. Deloitte previously served as the auditor for Legacy MLC.
Guidance, Outlook, and Risks
Management Commentary: The Company confirmed there were no disagreements with EisnerAmper regarding accounting principles, financial statement disclosures, or auditing scope during the period from January 7, 2025, through November 5, 2025. The dismissal was not due to any such disagreements.
Risks and Contingencies: The filing highlights a historical risk factor: the auditor's reports for the period ending June 30, 2025, included an expression of substantial doubt regarding the Company's ability to continue as a going concern. The filing does not provide updated guidance or outlook beyond the auditor transition.
Investor Verification Checklist
- Verify the status of the "going concern" doubt expressed by EisnerAmper in the June 30, 2025 reports and whether the September 2025 merger has resolved this issue.
- Review the letter from EisnerAmper LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Confirm the scope of Deloitte's engagement and their initial assessment of the Company's financial position post-merger.
- Check subsequent filings for the first financial statements audited by Deloitte to assess the impact of the merger on liquidity and solvency.