secwatch.observer — SEC 8-K summary
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Issuer:     Lionsgate Studios Corp. (—)
CIK:        0002006191
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001193125-24-237306
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Studios discloses non-reliance on prior cash flow statements due to $118.7 million mathematical error
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- Mathematical error in combined cash flow statement for FY ended March 31, 2022: net cash from financing, net change in cash, and ending cash each decreased by $118.7 million
- Management, after discussion with Audit & Risk Committee and auditor Ernst & Young LLP, concluded on Oct 10, 2024 that prior financial statements should no longer be relied upon
- Company filed Amendment No. 2 to 8-K and Post-Effective Amendment No. 1 to S-1 on Oct 15, 2024 to correct the error
- Error originally appeared in Exhibit 99.1 of Amendment No. 1 to Form 8-K/A filed May 30, 2024 and in the prospectus of the Original S-1 Filing
- Audit & Risk Committee discussed the matter with management and independent registered public accounting firm

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2006191/000119312524237306/0001193125-24-237306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2006191/000119312524237306/d836095d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-237306

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