---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-079914"
form_type: "8-K"
ticker: "ISPR"
cik: "0001948455"
company_name: "Ispire Technology Inc."
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T04:04:05.081947+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ispire Technology restates prior financials due to cash flow classification errors

## Summary
- Audit committee concludes errors in FY23 and Q1-Q2 FY24 financials are material; no further reliance.
- Errors include misclassification of $875k in lease payments from financing to operating in FY23, $245k in Q1 FY24.
- Omission of non-cash disclosure of ~$4.9M and ~$3.7M in ROU assets obtained for operating leases.
- Reclassification of shipping/handling costs from selling to cost of revenue: $300k FY23, $45k Q1 FY24, $125k/$170k for Q2/six months FY24.
- No impact to balance sheets, EPS, or net cash from investing; corrections to be filed in FY24 10-K and future 10-Qs.

## SEC filing metadata
- accession: 0001213900-24-079914
- form_type: 8-K
- ticker: ISPR
- cik: 0001948455
- company_name: Ispire Technology Inc.
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1948455/000121390024079914/0001213900-24-079914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1948455/000121390024079914/ea0214507-8k_ispire.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-079914
- JSON: https://secwatch.observer/filing/0001213900-24-079914.json
- Plain text: https://secwatch.observer/filing/0001213900-24-079914.txt

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