secwatch.observer — SEC 8-K summary
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Issuer:     Accelerate Diagnostics, Inc (—)
CIK:        0000727207
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001104659-23-017653
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Accelerate Diagnostics restates 2022 quarterly reports; notes misclassification, going concern doubt
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- Restating Q1-Q3 2022 interim financials due to misclassification of $56.6M of 2.50% Senior Convertible Notes as non-current liability.
- Previously issued $171.5M notes; exchanged $114.9M for stock, promissory note, and warrants between Sep 2021 and Aug 2022.
- Amended 10-Qs will include disclosure expressing substantial doubt about ability to continue as a going concern.
- Management expects to report material weakness in internal control over financial reporting for affected periods.
- Restatement does not materially impact statements of operations, cash flows, or stockholders' deficit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727207/000110465923017653/0001104659-23-017653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727207/000110465923017653/tm236096d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-017653

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