secwatch.observer — SEC 8-K summary
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Issuer:     Holley Inc. (HLLY)
CIK:        0001822928
Form:       8-K
Filed at:   2021-12-14T23:59:59+00:00
Accession:  0001193125-21-356902
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822928/000119312521356902/0001193125-21-356902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822928/000119312521356902/d263641d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-356902

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