---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-092238"
form_type: "8-K"
ticker: "TPHS"
cik: "0000724742"
company_name: "Trinity Place Holdings Inc."
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:16:39.009338+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Trinity Place Holdings restates prior financials due to overcapitalization error; net loss increased by $5.4M in FY2021

## Summary
- Net loss increased by ~$5.4M in FY2021 and ~$2.7M in Q1 2022 from overcapitalization error at 77 Greenwich development.
- Total assets reduced by $6.6M (FY2021) and $2.7M (Q1 2022) due to decreased cost of sales.
- EPS impact: net loss per share increased by $0.20 in FY2021 and $0.07 in Q1 2022.
- Company expects to file amended 10-K for 2021 and 10-Q for Q1 2022; material weakness in internal controls to be disclosed.
- Restatement also includes immaterial prior-period adjustments of $1.3M-$1.9M for 2019-2021 from Paramus property reclassification.

## SEC filing metadata
- accession: 0001104659-22-092238
- form_type: 8-K
- ticker: TPHS
- cik: 0000724742
- company_name: Trinity Place Holdings Inc.
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724742/000110465922092238/0001104659-22-092238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724742/000110465922092238/tm2223747d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-092238
- JSON: https://secwatch.observer/filing/0001104659-22-092238.json
- Plain text: https://secwatch.observer/filing/0001104659-22-092238.txt

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