---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-007662"
form_type: "8-K"
ticker: null
cik: "0001864032"
company_name: "Ault Disruptive Technologies Corp"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:33:57.285502+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ault Disruptive restates 2022 financials due to classification error; non-reliance on prior statements

## Summary
- ADRT states 2022 financials should no longer be relied upon due to classification error of 11.5M redeemable shares and trust assets.
- Restated balance sheet reclassifies redeemable shares from temporary equity to current liabilities ($117.8M) and trust cash to current assets ($118.2M).
- Management identified a material weakness in internal control over financial reporting and disclosure controls; remediation plan underway.
- No restatement needed for statements of operations, changes in equity, or cash flows; only balance sheet reclassification.

## SEC filing metadata
- accession: 0001214659-23-007662
- form_type: 8-K
- cik: 0001864032
- company_name: Ault Disruptive Technologies Corp
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864032/000121465923007662/0001214659-23-007662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864032/000121465923007662/e5212328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-007662
- JSON: https://secwatch.observer/filing/0001214659-23-007662.json
- Plain text: https://secwatch.observer/filing/0001214659-23-007662.txt

## Key facts
- Auditor Changes
  Ault Disruptive Technologies Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On May 22, 2023, the management of Ault Disruptive Technologies Corporation (the "Company" or "ADRT”) concluded that the Company’s previously issued financial statements for the year ended December 31, 2022, (the "Restated Period”), which was filed with the Securities and Exchange Commission ( "SEC" ) on April 4, 2023 , should no longer be relied upon because of errors in classification
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864032/000121465923007662/0001214659-23-007662-index.htm

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