---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-25-000509"
form_type: "8-K"
ticker: null
cik: "0001342936"
company_name: "Rivulet Entertainment, Inc."
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:11:00.891597+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001376474-25-000509
- form_type: 8-K
- cik: 0001342936
- company_name: Rivulet Entertainment, Inc.
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342936/000137647425000509/0001376474-25-000509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342936/000137647425000509/avoi-20250603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-25-000509
- JSON: https://secwatch.observer/filing/0001376474-25-000509.json
- Plain text: https://secwatch.observer/filing/0001376474-25-000509.txt

## Key facts
- Auditor Changes
  Rivulet Entertainment, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Astra Audit & Advisory, LLC
  source text: On May 30, 2025, the Board of Directors of Rivulet Entertainment, Inc. (the “Company”), following consultation with the Company’s management and independent registered public accounting firm, Astra Audit & Advisory, LLC, concluded that certain of the Company’s previously issued financial statements should no longer be relied upon due to a non-cash error identified in the accounting for the merger equity pre-payment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342936/000137647425000509/0001376474-25-000509-index.htm

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