GROW Capital, Inc. (OTCID: GRWC) Announces Engagement of PCAOB Registered Independent Public Accounting Firm

Rhea-AI Summary

GROW Capital (OTCID: GRWC) has announced the engagement of Cherry Bekaert LLP, a PCAOB registered independent public accounting firm, to audit its fiscal 2024 and 2023 financial results. This strategic move represents a key milestone in the company's fiscal 2026 business plan and demonstrates its commitment to transparency and regulatory compliance.

The company has recently achieved OTCID status and aims to uplist to the OTCQB tier. Future plans include potential uplisting to major exchanges such as NASDAQ, NYSE American Exchange, or the upcoming Texas Stock Exchange. GROW Capital's broader strategy encompasses scaling subsidiaries, expanding fintech capabilities, and exploring new market opportunities.

Positive

• Engagement of PCAOB registered auditor enhances financial transparency and credibility
• Recent upgrade to OTCID status shows progress in uplisting efforts
• Clear uplisting strategy with defined targets (OTCQB, NASDAQ, NYSE American, Texas Stock Exchange)

Negative

• Financial statements have not been independently audited recently
• Currently trades on lower tier OTC market with limited liquidity

Return to independent annual audits supports plans for market uplisting efforts

LAS VEGAS, Sept. 30, 2025 /PRNewswire/ -- GROW Capital, Inc. (OTCID: GRWC) ("GROW Capital" or the "Company") is pleased to announce that, following a unanimous decision by its Audit Committee and Board of Directors, the Company has accomplished another key step in the execution of its comprehensive fiscal 2026 business plan, the engagement of a PCAOB registered independent public accounting firm.

As the first step in this exciting new era, GROW Capital has engaged Cherry Bekaert LLP, a respected mid-sized accounting firm, to audit its fiscal 2024 and 2023 financial results. This milestone demonstrates GROW Capital's commitment to transparency and regulatory compliance and is intended to position the Company for long-term growth.

"The decision to return to independent audits marks the beginning of a new chapter for GROW Capital," said Terry Kennedy, CEO of GROW Capital, Inc. "We are committed to executing on our vision and ensuring our shareholders, clients, and partners have the confidence that comes with verified, audited financials."

With this step, GROW Capital is another step closer to completing its plans for uplisting to a more senior tier of OTCMarkets and continuing its efforts to conclude a review of a Form 211 by a broker-dealer under SEC Rule15c2-11.

Since its last press release, the Company has already been upgraded to OTCMarkets new OTCID status. Looking ahead, GROW Capital's strategic goals include achieving OTCQB tier compliance and ultimately exploring future uplisting opportunities with either the NASDAQ, the NYSE American Exchange or the upcoming Texas Stock Exchange.

The Company will continue to provide updates as it executes on additional initiatives from its business plan, which include scaling subsidiaries, expanding fintech capabilities, and pursuing new market opportunities.

About GROW Capital, Inc. (OTCID: GRWC)
GROW Capital, Inc. is a publicly traded financial services and technology holding company dedicated to acquiring and growing innovative businesses. Through its subsidiaries, including PERA LLC, PERA Administrators LLC, and Bombshell Technologies LLC, the Company delivers retirement plan administration, fintech solutions, and back-office services to a diverse range of clients.

Media Contact:
Terry Kennedy, CEO
Grow Capital Inc.
6145 S. Rainbow Blvd, Suite 105,
Las Vegas, NV 89118
Phone: 702-830-7919
Info@growcapitalinc.com
Stay updated with our progress: https://www.growcapitalinc.com/

Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc.'s ability to control, including successful processing of a Form 211, and/or an uplist to a more senior stock exchange and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward-looking statements include the words "returning," "looking forward," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc.'s filings with the OTC Markets, and/or posted on the Company's website.

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SOURCE Grow Capital Inc.

FAQ

What accounting firm did GROW Capital (GRWC) engage for its audit?

GROW Capital engaged Cherry Bekaert LLP, a PCAOB registered independent public accounting firm, to audit its fiscal 2024 and 2023 financial results.

What exchanges is GROW Capital (GRWC) planning to uplist to?

GROW Capital plans to first uplist to the OTCQB tier, with future plans to potentially uplist to the NASDAQ, NYSE American Exchange, or the upcoming Texas Stock Exchange.

What is GROW Capital's (GRWC) current trading status?

GROW Capital currently trades on the OTCID tier of OTC Markets, having recently been upgraded to this status.

What years will Cherry Bekaert audit for GROW Capital (GRWC)?

Cherry Bekaert LLP will audit GROW Capital's fiscal 2024 and 2023 financial results.

What are GROW Capital's (GRWC) strategic business initiatives?

GROW Capital's strategic initiatives include scaling subsidiaries, expanding fintech capabilities, pursuing new market opportunities, and achieving uplisting to higher market tiers.