Business Context and Reporting Period
Company: American Strategic Investment Co.
Filing Type: Form 8-K (Current Report)
Date of Report: October 16, 2025
Reporting Period: Event-based report regarding the change of independent registered public accounting firm.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on corporate governance and auditor changes.
Material Changes
- Dismissal of Auditor: On October 16, 2025, the Audit Committee dismissed PricewaterhouseCoopers LLP (PwC) as the independent registered public accounting firm, effective immediately.
- Reason for Change: The decision resulted from a competitive bid process and the Company's strategic focus on streamlining its cost structure and reducing general and administrative expenses.
- Engagement of New Auditor: CBIZ CPAs P.C. was appointed as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to customary client acceptance procedures.
- Historical Audit Context: PwC audited the financial statements for the years ended December 31, 2023, and 2024. The 2024 audit report included an "emphasis of matter" paragraph regarding the Company's significant liquidity constraints but contained no adverse, qualified, or modified opinions.
Guidance, Outlook, and Risks
- Management Commentary: Management emphasized cost reduction as a primary driver for the auditor change. No forward-looking financial guidance or outlook was provided in this filing.
- Risks and Contingencies: The filing notes that PwC's 2024 audit report highlighted "significant liquidity constraints." No new disagreements or reportable events were identified between the Company and PwC during the two-year period ending December 31, 2024, or the interim period through October 16, 2025.
- Unusual Items: The filing confirms no consultations with the new auditor (CBIZ CPAs) regarding accounting principles or reportable events prior to their appointment.
Investor Verification Checklist
- Verify the status of the Company's "significant liquidity constraints" noted in the 2024 audit report.
- Confirm the execution of the engagement letter with CBIZ CPAs P.C. to ensure the appointment is finalized.
- Review the upcoming Form 10-Q for the quarter ended September 30, 2025, to assess the impact of the auditor change on financial reporting.
- Monitor future filings for any updates on the Company's cost-reduction initiatives and general and administrative expense trends.