---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-142527"
form_type: "8-K"
ticker: "CPTKW"
cik: "0001827899"
company_name: "Crown PropTech Acquisitions"
filed_at: "2021-11-22T23:59:59+00:00"
generated_at: "2026-06-28T06:14:07.415905+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Crown PropTech restates financials due to equity classification error; prior reports not reliable

## Summary
- All Class A shares reclassified from permanent to temporary equity because redemption events outside company control.
- Affected periods: audited balance sheet 2/11/2021, unaudited Q1, Q2, Q3 2021 financials.
- Material weakness identified in internal control over financial reporting; disclosure controls ineffective.
- No impact on cash or trust account; restatements are non-cash adjustments only.
- Audit report from Marcum LLP for the Feb 11, 2021 balance sheet also no longer reliable.

## SEC filing metadata
- accession: 0001104659-21-142527
- form_type: 8-K
- ticker: CPTKW
- cik: 0001827899
- company_name: Crown PropTech Acquisitions
- filed_at: 2021-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827899/000110465921142527/0001104659-21-142527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827899/000110465921142527/tm2133648d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-142527
- JSON: https://secwatch.observer/filing/0001104659-21-142527.json
- Plain text: https://secwatch.observer/filing/0001104659-21-142527.txt

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