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Pheton Holdings Ltd Changes Accounting Firm Amid Internal Control Improvements

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Pheton Holdings Ltd Changes Accounting Firm Amid Internal Control Improvements

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Pheton Holdings Ltd. Class A ( (PTHL) ) just unveiled an update.

On November 28, 2025, Pheton Holdings Ltd, a Cayman Islands company, announced the termination of its engagement with Marcum Asia CPAs LLP as its independent registered public accounting firm. This decision, approved by the company’s audit committee, was not due to any disagreements on accounting principles or practices. Marcum’s reports for the fiscal years 2022 to 2024 were unqualified, but they identified material weaknesses in Pheton Holdings’ internal controls, which the company is actively addressing.

More about Pheton Holdings Ltd. Class A

Average Trading Volume: 221,697

Technical Sentiment Signal: Strong Sell

Current Market Cap: $8.55M

See more insights into PTHL stock on TipRanks’ Stock Analysis page.

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