Rivulet Entertainment restates financials due to $27M merger equity pre-payment classification error

Rivulet Entertainment, Inc.

Board determined non-reliance on financial statements in Form 10-KT filed Nov 11, 2024.
Error: $27M equity pre-payment misclassified as asset purchase deposit instead of offset to equity.
Restatement reduces total assets and equity by $27M; no impact on income statement.
Company will amend the relevant filing to correct the classification.

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