---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002319"
form_type: "8-K"
ticker: "IONI"
cik: "0001580490"
company_name: "I-ON Digital Corp."
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:28:45.172740+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# I-ON Digital restates Q3 2022 financials over deconsolidation error; prior filing unreliable

## Summary
- Management identified error in deconsolidation presentation related to selloff of subsidiary I-ON Communications.
- Quarterly Report on Form 10-Q for Sep 30, 2022, filed Jan 13, 2023, should no longer be relied upon.
- Restated financial statements for the nine months ended Sep 30, 2022 will be filed as an amended Form 10-Q.
- Error concerns disclosure of the deconsolidation of I-ON Communications, Ltd.

## SEC filing metadata
- accession: 0001140361-23-002319
- form_type: 8-K
- ticker: IONI
- cik: 0001580490
- company_name: I-ON Digital Corp.
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002319/0001140361-23-002319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002319/brhc10046868_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002319
- JSON: https://secwatch.observer/filing/0001140361-23-002319.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002319.txt

## Key facts
- Auditor Changes
  I-ON Digital Corp. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: The Company believes that the financial statements should no longer be relied upon because of an incorrect presentation and should therefore be restated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580490/000114036123002319/0001140361-23-002319-index.htm

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