secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHJET TECHNOLOGY (GTIJF)
CIK:        0001879373
Form:       8-K/A
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001213900-25-063714
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graphjet restates FY2023 financials after accounting policy change on IP valuation
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- Board concluded FY2023 financials audited by Adeptus Partners should no longer be relied upon.
- Restatement reclassifies IP assignment from former CSO Mr. Liu as related-party, valued at cost under ASC 850-10-20.
- Current auditor Kreit & Chiu CPA re-audited and restated the FY2023 statements.
- Company expects to file FY2024 10-K before Nasdaq hearing on July 17, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025063714/0001213900-25-063714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879373/000121390025063714/ea0248925-8ka1_graphjet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-063714

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