---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-356902"
form_type: "8-K"
ticker: "HLLY"
cik: "0001822928"
company_name: "Holley Inc."
filed_at: "2021-12-14T23:59:59+00:00"
generated_at: "2026-06-28T01:23:40.231938+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Holley restates prior financials; reclassifies Empower Public Shares as temporary equity

## Summary
- Management and audit committee concluded Empower Public Shares should be classified as temporary equity, not permanent equity.
- Restatement affects Oct 9, 2020 balance sheet, audited FY2020, Q1 2021, and Q2 2021 financial statements.
- Pre-business combination material weakness in internal control over financial reporting identified.
- Company intends to file amendments: 10-K/A No. 2, Q1 and Q2 10-Q amendments.

## SEC filing metadata
- accession: 0001193125-21-356902
- form_type: 8-K
- ticker: HLLY
- cik: 0001822928
- company_name: Holley Inc.
- filed_at: 2021-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822928/000119312521356902/0001193125-21-356902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822928/000119312521356902/d263641d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-356902
- JSON: https://secwatch.observer/filing/0001193125-21-356902.json
- Plain text: https://secwatch.observer/filing/0001193125-21-356902.txt

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