{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-118697","form_type":"8-K","ticker":null,"cik":"0001620179","company_name":"Exela Technologies, Inc.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.462674+00:00","generated_at":"2026-06-21T20:23:28.114472+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Exela Technologies restates FY2021 financials after going concern disclosure error","bullets":["Audit committee on Nov 9, 2022 determined FY2021 audited financials should no longer be relied upon.","Error: contingent liability from true-up guaranties under March 7, 2022 Revolving Loan Exchange not considered in going concern evaluation.","Restatement reclassifies certain long-term debt from noncurrent to current on Dec 31, 2021 balance sheet.","No impact on retained earnings, equity, or net assets; KPMG amended audit report includes going concern explanatory paragraph."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-118697","json":"https://secwatch.observer/filing/0001104659-22-118697.json","markdown":"https://secwatch.observer/filing/0001104659-22-118697.md","text":"https://secwatch.observer/filing/0001104659-22-118697.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1620179/000110465922118697/0001104659-22-118697-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1620179/000110465922118697/tm2230425d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T20:23:28.114472+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"faa0a5e1d695fa31b98129bab1cce6da9bd9f63b","claim":"Exela Technologies, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"on November 9, 2022, the audit committee of the Company’s board of directors concluded, after discussion with the Company’s management, that the audited financial statements included within the Original 10-K should be restated and should no longer be relied upon.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620179/000110465922118697/0001104659-22-118697-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"KPMG LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}