secwatch.observer — SEC 8-K summary
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Issuer:     OmniAb, Inc. (OABI)
CIK:        0001846253
Form:       8-K/A
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0001104659-22-008418
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avista Public Acquisition restates Aug 2021 balance sheet; reclassifies 23M shares to temporary equity
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- Restatement reclassifies all 23M Class A ordinary shares from permanent to temporary equity; no cash impact.
- Material weakness in internal control over financial reporting identified; disclosure controls ineffective.
- IPO raised $230M gross from 23M units at $10; private placement of 8.23M warrants added $12.35M.
- Trust account holds $235.75M ($10.25 per share) as previously reported; no change from restatement.
- Restatement corrects prior classification error; company concluded error would influence reasonable investor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846253/000110465922008418/0001104659-22-008418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846253/000110465922008418/tm224692d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-008418

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