secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001104659-21-153170
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

KINS Technology restates prior financial statements on public share classification error
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- Audit committee concluded previously issued financials for FY2020, Q1 2021, Q2 2021 should no longer be relied upon.
- Error: Public Shares were classified as permanent equity but should be temporary equity under ASC 480-10-S99-3A.
- Cash position and trust account balance not affected by the reclassification.
- Company identified a material weakness in internal control over financial reporting; disclosure controls ineffective.
- Company will file amendments to restate financials for affected periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000110465921153170/0001104659-21-153170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000110465921153170/tm2136185d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-153170

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