On March 16, 2026, Abacus Global Management, Inc. announced the dismissal of Grant Thornton, LLP as its independent registered public accounting firm, effective immediately. The decision was made by the Audit Committee of the Board of Directors. Notably, the audit reports from Grant Thornton for the fiscal years ending December 31, 2025, and 2024 did not contain any adverse opinions or disclaimers, indicating that the financial statements were in good standing. Following this dismissal, KPMG LLP has been appointed as the new independent registered public accounting firm. This transition is expected to maintain the integrity of the company's financial reporting. The company has confirmed that there were no disagreements with Grant Thornton regarding accounting principles or practices during the last two fiscal years. Furthermore, the Audit Committee approved salary increases for key executives, including the Chief Executive Officer and Chief Financial Officer, reflecting a commitment to competitive compensation in line with market standards. The company is also set to introduce performance-based restricted stock units and annual cash bonuses tied to specific performance metrics for 2026, which could enhance executive motivation and align their interests with those of shareholders. Overall, these changes are administrative in nature and do not indicate any immediate financial distress or operational issues within the company.
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