---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-041707"
form_type: "8-K"
ticker: null
cik: "0001848948"
company_name: "10X Capital Venture Acquisition Corp. III"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:31:21.761414+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 10X Capital restates FY2022 financials after $266.7M misclassification error

## Summary
- Error moved $266.7M between current liabilities and temporary equity on Dec 31, 2022 balance sheet.
- Audit committee concluded prior FY2022 audited financials should no longer be relied upon.
- Company will restate and file amended 10-K as soon as practicable.
- No impact on cash or trust account balance; material weakness in internal controls identified.
- Classification error involved Class A ordinary shares classification as temporary equity vs. liabilities.

## SEC filing metadata
- accession: 0001213900-23-041707
- form_type: 8-K
- cik: 0001848948
- company_name: 10X Capital Venture Acquisition Corp. III
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848948/000121390023041707/0001213900-23-041707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848948/000121390023041707/ea179007-8k_10xcap3.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-041707
- JSON: https://secwatch.observer/filing/0001213900-23-041707.json
- Plain text: https://secwatch.observer/filing/0001213900-23-041707.txt

## Key facts
- Auditor Changes
  10X Capital Venture Acquisition Corp. III reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: 1, 2022, should no longer be relied upon. The Company intends to restate its consolidated financial statements for the Affected Period and include them in amended Form 10-K/A (the “Amended Form 10-K”) to be filed with the SEC. The Company intends to complete such restatement as soon as practicable. The Company does not expect the changes described
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848948/000121390023041707/0001213900-23-041707-index.htm

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