---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-008561"
form_type: "8-K"
ticker: null
cik: "0001813914"
company_name: "CareMax, Inc."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:43:16.060428+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CareMax restates prior financial statements due to prepaid asset misclassification; non-reliance on previous filings

## Summary
- Misclassification of non-cash prepaid asset (equity consideration to real estate advisor) from short-term to long-term; no impact on total assets, liabilities, equity, revenues, net loss, or cash.
- Audit committee determined prior financial statements (FY2021, Q3 2021, Q1-Q3 2022) and FY2022 earnings release should no longer be relied upon.
- Company to amend 2021 10-K and quarterly reports for 2021 and 2022 to restate periods.
- Previously identified material weaknesses in internal controls over financial reporting remained unremediated as of Dec 31, 2022.
- Company evaluating disclosure controls; additional material weaknesses may be identified.

## SEC filing metadata
- accession: 0000950170-23-008561
- form_type: 8-K
- cik: 0001813914
- company_name: CareMax, Inc.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813914/000095017023008561/0000950170-23-008561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813914/000095017023008561/cmax-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-008561
- JSON: https://secwatch.observer/filing/0000950170-23-008561.json
- Plain text: https://secwatch.observer/filing/0000950170-23-008561.txt

## Key facts
- Auditor Changes
  CareMax, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: should no longer be relied upon due to the Misclassification of the Prepaid Asset
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813914/000095017023008561/0000950170-23-008561-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.