Edgio to delay filing 10-K due to onboarding of new audit team

The company states: “As previously disclosed, on December 18, 2023, the Company received notice that the Company’s previous independent registered public accounting firm had decided to resign as independent registered public accounting firm of the Company, effective that day. The Audit Committee of the Board of Directors of the Company accepted the previous independent registered public accounting firm’s resignation. The Audit Committee engaged in a thorough search for a new independent registered accounting firm and on January 26, 2024, the Company engaged a new independent registered public accounting firm. The onboarding of a new audit team takes considerable time in order for the new audit firm to familiarize itself with the Company’s accounting and financial processes. Due to the engagement of a new independent registered public accounting firm in the first quarter of 2024, which is late in the normal auditing process, the completion of the Company’s public company audit is delayed and the annual report on Form 10-K will be late.”