{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-046877","form_type":"8-K/A","ticker":null,"cik":"0001844419","company_name":"Maquia Capital Acquisition Corp","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.718372+00:00","generated_at":"2026-06-03T23:05:13.821112+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Maquia Capital restates 2022 and 2023 financials due to redemption overpayment; material weakness cited","bullets":["Audit committee concluded no reliance on audited 2022 and Q1-Q3 2023 financials due to overpayment of redemptions.","Adjustments increase Due from Sponsor by $209K-$217K; redemption price per share up $0.06-$0.20 across periods.","CEO and CFO found disclosure controls ineffective due to material weakness in internal controls over financial reporting.","Restatements included in Note 2 of 2023 10-K expected to be filed April 15, 2024.","Overpayment originally reported in Form 8K filed March 27, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-046877","json":"https://secwatch.observer/filing/0001104659-24-046877.json","markdown":"https://secwatch.observer/filing/0001104659-24-046877.md","text":"https://secwatch.observer/filing/0001104659-24-046877.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1844419/000110465924046877/0001104659-24-046877-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1844419/000110465924046877/tm2411775d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:05:13.821112+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":"e652ee40de5b80339461b14d4ccfe1e3330f19c9","claim":"Maquia Capital Acquisition Corp reported that prior financial statements should not be relied upon.","evidence_excerpt":"uarterly Report on Form 10-Q filed with the SEC on November 21, 2023 (the “Affected Periods”),should no longer be relied upon due to overpayment of redemptions as reported in our Form 8K dated and filed on March 27, 2024. The affected line items within those previously issued financials are as follows: December 31, 2022 As Previously Reported Adjustments As Restated Balance Sheet: Due from Sponsor $ — $ 209,262 $ 209,262 Total Assets 37,703,500 209,262 37,912,762 Class A Common Stock subject to possible redemption 37,247,257 209,262 37,456,519 Total Liabilities, Temporary Equity and Stockholders’ Deficit 37,703,500 209,262 37,912,762 Redemption price 10.52 0.06 10.58 Statement of Cash Flows: Supplemental disclosure of non-cash financing activities: Remeasurement of Class A common stock subject to possible redemption 5,016,618 209,262 5,225,880 Due from Sponsor — 209,262 209,262 March 31,","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1844419/000110465924046877/0001104659-24-046877-index.htm","confidence":0.95,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}