---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-25-000222"
form_type: "8-K"
ticker: null
cik: "0001936756"
company_name: "Next Bridge Hydrocarbons, Inc."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:58:58.281187+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Next Bridge Hydrocarbons restates FY2023 and periodic 2023-2024 financials due to valuation errors

## Summary
- Errors in fair value adjustment of Orogrande oil and gas properties at Dec 2022 spin-off, impairment application, and Wildcat asset sale valuation.
- Previously issued audited FY2023 and unaudited quarterly 2023 and 2024 financials should no longer be relied upon.
- Company will restate financials, reversing 100% impairment recorded as of Dec 2022 and updating valuation method for Wildcat asset sale.
- Restated financials to be filed in 2023 Form 10-K/A and 2024 Form 10-K as soon as practicable.

## SEC filing metadata
- accession: 0001199835-25-000222
- form_type: 8-K
- cik: 0001936756
- company_name: Next Bridge Hydrocarbons, Inc.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936756/000119983525000222/0001199835-25-000222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936756/000119983525000222/nbhi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-25-000222
- JSON: https://secwatch.observer/filing/0001199835-25-000222.json
- Plain text: https://secwatch.observer/filing/0001199835-25-000222.txt

## Key facts
- Auditor Changes
  Next Bridge Hydrocarbons, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the Company's previously issued audited consolidated financial statements for the fiscal year ended December 31, 2023 and unaudited consolidated financial statements as of and for each of the quarterly periods in 2023 and 2024 (collectively, the "Non-Reliance Periods") should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936756/000119983525000222/0001199835-25-000222-index.htm

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