Business Context and Reporting Period
This Form 8-K Current Report was filed by Aptevo Therapeutics Inc. on June 23, 2025. The filing primarily addresses a change in the Company's 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 the administrative change of auditors.
Material Changes
- Accountant Change: The Company's previous auditor, Moss Adams LLP, resigned effective June 23, 2025, following its merger with Baker Tilly US, LLP on June 3, 2025.
- Successor Appointment: The Audit Committee appointed Baker Tilly US, LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Audit History: Moss Adams' audit reports for the years ended December 31, 2024, and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles. However, these reports included an explanatory paragraph regarding a going concern uncertainty.
- Disagreements: There were no disagreements with Moss Adams on accounting principles, practices, or audit scope during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or new risk factors beyond the historical note of going concern uncertainty previously disclosed by the former auditor. No unusual items or contingencies were reported in this specific document.
Investor Verification Checklist
- Verify the status of the going concern uncertainty noted in the 2023 and 2024 audit reports to assess current liquidity risks.
- Confirm the transition timeline and any potential impact on the audit of the 2025 financial statements by Baker Tilly.
- Review the letter from Moss Adams LLP (Exhibit 16.1) for any additional context regarding the resignation.
- Check subsequent filings for updated financial statements to determine if the going concern qualification has been resolved.