secwatch.observer — SEC 8-K summary
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Issuer:     26 Capital Acquisition Corp. (—)
CIK:        0001822912
Form:       8-K/A
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001213900-23-076733
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

26 Capital restates Q1 2023 financials; convertible note valuation error
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- Convertible promissory notes restated from $2,440,294 to $5,000,000 at par.
- Net loss revised from $692,924 to $1,118,413; EPS from ($0.07) to ($0.11) per share.
- Material weakness in internal controls over financial reporting identified.
- Audit committee concluded previously issued unaudited financials should no longer be relied upon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822912/000121390023076733/0001213900-23-076733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822912/000121390023076733/ea185093-8ka1_26capital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-076733

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