secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pacific Green Technologies Inc. (—)
CIK:        0001553404
Form:       8-K/A
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001213900-25-056289
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Pacific Green restates Q2-Q4 FY2023 financials; cites material internal control weaknesses
--------------------------------------------------------------------------------

- Q4 Dec 2023 restatement: Revenue down $75.7M; cost of sales down $59.3M; gain on derecognition up $16.4M.
- Q2 Jun 2023: Gain on derecognition of BESS subsidiaries increased $11.25M within operating income.
- Q3 Sep 2023: Gain on derecognition increased $5.5M; expense classification errors corrected.
- Two material weaknesses: lack of US GAAP resources for complex transactions; inadequate monitoring controls.
- Disclosure controls and procedures for all affected quarters deemed ineffective.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1553404/000121390025056289/0001213900-25-056289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1553404/000121390025056289/ea0246293-8ka1_pacific.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-056289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer