secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Kinetics Holding Corp (HKHC)
CIK:        0000088000
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0000950170-25-020010
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Kinetics restates 2023-2024 financials to consolidate proprietary funds; no change to net loss or equity
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- Audit committee on Feb 7, 2025 determined prior financials (FY2023, FY2022, interim 2024) should no longer be relied upon.
- Restatement required to consolidate certain proprietary funds under VIE model; net loss attributable remains $4.492M for FY2023.
- Total assets restated from $231.9M to $1.12B due to consolidation of fund assets ($903.7M investments).
- Redeemable noncontrolling interests of $878.3M added; no impact on shareholders' equity or cash.
- Company expects to file restated 10-K for FY2024 by March 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88000/000095017025020010/0000950170-25-020010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88000/000095017025020010/slgdd-20250207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-020010

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