On March 19, 2026, Portsmouth Square, Inc. announced the dismissal of WithumSmith+Brown, PC as its independent registered public accounting firm, effective immediately. This decision comes after a review period during which there were no disagreements on accounting principles or practices, nor any reportable events as defined by SEC regulations. The company has appointed Whitley Penn LLP as its new independent auditor, effective immediately, pending the completion of standard client acceptance and independence procedures. This change is expected to cover the fiscal year ending June 30, 2026, and related interim periods. The company has provided Withum with a copy of the current report prior to its filing with the SEC and requested a letter from Withum regarding their agreement with the statements made in the report. The transition in auditors reflects Portsmouth Square's ongoing efforts to ensure robust financial oversight and compliance with regulatory standards. The company aims to maintain transparency and uphold the highest standards of governance as it moves forward with its financial reporting and auditing processes.

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