GROW Capital, Inc. Engages Independent Public Accounting Firm
Return to independent annual audits supports plans for market uplisting efforts
GROW Capital, Inc. (OTCID: GRWC) is pleased to announce that after a unanimous decision by its Audit Committee and Board of Directors, a significant milestone has been achieved in its fiscal 2026 business plan. The company has successfully engaged Cherry Bekaert LLP, a reputable accounting firm, to conduct audits for its 2023 and 2024 financial results.
This step reflects GROW Capital's steadfast commitment to transparency and adherence to regulatory standards, positioning the company for sustained growth and success.
New Era of Financial Transparency
The decision to reinstate independent audits is a pivotal moment for GROW Capital, marking what CEO Terry Kennedy describes as the beginning of a new chapter. Kennedy states, "We are committed to executing our vision while ensuring our shareholders, clients, and partners have confidence in our verified, audited financials." This emphasis on verified finances underlines the company's dedication to its stakeholders.
Future Plans for Market Uplisting
With the engagement of an independent accounting firm, GROW Capital is progressing toward its plans for uplisting to a more senior tier within OTCMarkets. The company is also engaged in a review process of a Form 211 by a broker-dealer, as governed by SEC Rule 15c2-11. These actions illustrate GROW Capital's proactive approach to enhancing its market presence.
Recently, the company has been upgraded to a new OTCID status, indicating its continuous improvement and efforts to meet industry standards. The strategic objectives in the immediate future involve achieving compliance with the OTCQB tier and exploring uplisting opportunities on exchanges such as NASDAQ, NYSE American, or the upcoming Texas Stock Exchange.
Commitment to Expanding Capabilities
GROW Capital remains dedicated to executing various initiatives from its business plan. The company is focused on scaling its subsidiaries and advancing its fintech capabilities while actively seeking new market opportunities for growth and development.
About GROW Capital, Inc.
GROW Capital, Inc. is a publicly traded financial services and technology holding company. The primary goal of the company is to acquire and nurture innovative businesses that deliver value to clients. Through its subsidiaries, including PERA LLC, PERA Administrators LLC, and Bombshell Technologies LLC, GROW Capital offers retirement plan administration, fintech solutions, and comprehensive back-office services to a diverse range of clients.
Frequently Asked Questions
What significant step has GROW Capital taken recently?
GROW Capital has engaged Cherry Bekaert LLP to conduct audits for its financial results in a move to enhance transparency and regulatory compliance.
What is the purpose of the independent audits?
The independent audits are intended to build trust among shareholders and partners and to position GROW Capital for potential uplisting on a senior stock exchange.
What are the company’s goals moving forward?
GROW Capital aims to achieve compliance with the OTCQB tier and explore uplisting opportunities on major exchanges like NASDAQ and NYSE American.
What does GROW Capital focus on?
GROW Capital is focused on acquiring and growing innovative businesses, particularly within financial services and technology sectors.
Who is the CEO of GROW Capital?
Terry Kennedy is the CEO of GROW Capital, Inc., guiding the company’s vision and growth strategies.
