---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-017819"
form_type: "8-K"
ticker: null
cik: "0001852432"
company_name: "ARYA Sciences Acquisition Corp V"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:50:24.314344+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ARYA Sciences SPAC restates Q3 2022 financials, cites accounting error on deferred commissions

## Summary
- Received underwriter waiver of 50% deferred commissions on Aug 8, 2022; previously recognized as extinguishment gain, now as credit to shareholders' deficit.
- Restatement covers Q3 2022 (Sept 30, 2022); no impact on cash, trust investments, operating expenses, or cash flows.
- Material weakness in internal control over financial reporting and ineffective disclosure controls identified for affected period.
- Audit Committee concluded on April 11, 2023 that prior statements should no longer be relied upon; restatement to be filed in 2022 10-K.

## SEC filing metadata
- accession: 0001140361-23-017819
- form_type: 8-K
- cik: 0001852432
- company_name: ARYA Sciences Acquisition Corp V
- filed_at: 2023-04-11T23:59:59+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/1852432/000114036123017819/0001140361-23-017819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852432/000114036123017819/brhc10051185_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-017819
- JSON: https://secwatch.observer/filing/0001140361-23-017819.json
- Plain text: https://secwatch.observer/filing/0001140361-23-017819.txt

## Key facts
- Auditor Changes
  ARYA Sciences Acquisition Corp V reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the Company's management and the Audit Committee of the Company's Board of Directors (the "Audit Committee") concluded on April 11, 2023 that the financial statements for the Affected Period (as defined below) included in the Quarterly Report should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852432/000114036123017819/0001140361-23-017819-index.htm

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