US Nuclear Corp Replaces Audit Firm While Reporting Significant Debt Reduction

US Nuclear Corp (OTC: UCLE) has replaced its audit firm Fruci & Associates II, PLLC with Simon & Edward LLP effective October 29, 2025, while simultaneously reducing third-quarter debt by close to $800,000. The company announced the audit firm transition alongside ongoing efforts to strengthen its financial position through aggressive cost reduction and debt management strategies.

The audit firm change represents a significant shift in the company's financial oversight structure at a time when US Nuclear is implementing substantial operational changes. Nikki Truax, Director of Operations of Overhoff Technology, the company's main manufacturing and sales operation, emphasized the company's commitment to financial improvement, stating they are "still working to cut our overall expenses by an additional 20-30% by the end of December, while continuing to reduce debt and strengthen the Balance Sheet."

The nearly $800,000 debt reduction during the third quarter demonstrates meaningful progress in the company's financial restructuring efforts. This debt reduction, combined with the planned additional expense cuts, indicates a comprehensive approach to improving the company's financial health and operational efficiency. The timing of these financial improvements coincides with the audit firm transition, suggesting a coordinated effort to enhance both financial performance and reporting transparency.

US Nuclear is also expanding its sales capabilities to support growth objectives. The company is actively seeking to add an experienced VP of Sales, along with sales representatives and distributors to service its growing customer base. This expansion initiative comes despite the broader cost-cutting measures, indicating strategic prioritization of revenue-generating functions while reducing non-essential expenses.

Mrs. Truax expressed optimism about the company's financial trajectory, stating, "As we previously stated, we anticipate our 3rd quarter results to be profitable, and we're looking for a profitable year ahead!" This projection of profitability, combined with the substantial debt reduction and ongoing cost-cutting initiatives, suggests the company is positioning itself for improved financial stability and potential growth in the nuclear technology sector.

The combination of audit firm replacement, significant debt reduction, and strategic hiring in sales functions represents a multi-faceted approach to corporate restructuring. These developments are particularly important for investors and stakeholders monitoring the company's progress in the competitive nuclear technology market, where financial stability and transparent reporting are critical factors for long-term success and market confidence.