{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-033042","form_type":"8-K","ticker":null,"cik":"0001873441","company_name":"Blockchain Coinvestors Acquisition Corp. I","filed_at":"2024-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.041570+00:00","generated_at":"2026-06-03T23:07:16.903289+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Blockchain Coinvestors Acquisition I restates Q1-Q3 2023 financials; material weakness","bullets":["Overstated legal expenses and liability, understated prepaid assets for Q1-Q3 2023 due to misinterpretation of vendor statements.","Audit committee concluded prior financials in Forms 10-Q for March, June, September 2023 should no longer be relied upon.","Restated financials to be included in 2023 10-K filed April 15, 2024; no impact on cash or trust account balance.","Material weakness in internal control over financial reporting identified; disclosure controls ineffective."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-033042","json":"https://secwatch.observer/filing/0001213900-24-033042.json","markdown":"https://secwatch.observer/filing/0001213900-24-033042.md","text":"https://secwatch.observer/filing/0001213900-24-033042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1873441/000121390024033042/0001213900-24-033042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1873441/000121390024033042/ea0203880-8k425_block1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:07:16.903289+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b262f79dbef80b84b09144cb8073a92e38739064","claim":"Blockchain Coinvestors Acquisition Corp. I reported that prior financial statements should not be relied upon.","evidence_excerpt":"o longer be relied upon in light of the above. The Company plans to include restatements of the Prior Financials in its annual report on Form 10-K for the year ended December 31, 2023, which it expects to file on April 15, 2024.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873441/000121390024033042/0001213900-24-033042-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}