An announcement from Insight Corp (INAQ) is now available.
Insight Acquisition Corp. discovered during its Annual Report preparation that its CFO Jeff Gary authorized the withdrawal of over $2.4 million from its Trust Account for tax payments and other business expenses. While all funds were accounted for and misused money was repaid with interest, this led to Mr. Gary’s resignation and subsequent demotion. The company appointed Michael Singer as CEO and engaged Glenn Worman as CFO, an experienced financial executive, to ensure proper financial management and oversee the company’s annual reporting.
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