8-K/A filed December 10, 2021, 6:59 PM ET ticker CPTKW CIK 0001827899

other material confidence high sentiment neutral materiality 0.50

Crown PropTech restates Feb 2021 balance sheet; reclassifies all Class A shares as temporary equity

Crown PropTech Acquisitions

Restatement reclassifies 27.6M Class A shares (all $276M) from permanent to temporary equity per ASC 480-10-S99.
No impact on cash, trust account, or total assets; $278.6M total assets unchanged.
Material weakness in internal controls related to proper classification of Class A shares identified.
Audit committee concluded prior balance sheet should no longer be relied upon.
Restatement corrects classification; previously a portion was classified as permanent equity.

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