---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001329"
form_type: "8-K"
ticker: "PDEX"
cik: "0000788920"
company_name: "PRO DEX INC"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:55:40.062231+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pro-Dex restates FY2020-2022 financials due to Monogram warrant valuation error; material weakness disclosed

## Summary
- Company will restate audited FY2020-2022 and unaudited interim quarters through Mar 2023; prior reports no longer reliable.
- Monogram Warrant fair value understated; correct values: $718k (2020), $1.4M (2021), $2.4M (2022).
- Restatement increases unrealized gains on marketable securities; no impact on revenue, operating income, or cash flows.
- Material weakness in internal control over financial reporting related to ASC 815 warrant valuation.
- Company plans to file restated financials with FY2023 10-K as soon as practicable.

## SEC filing metadata
- accession: 0001079973-23-001329
- form_type: 8-K
- ticker: PDEX
- cik: 0000788920
- company_name: PRO DEX INC
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788920/000107997323001329/0001079973-23-001329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788920/000107997323001329/pdex_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001329
- JSON: https://secwatch.observer/filing/0001079973-23-001329.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001329.txt

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