{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-038156","form_type":"8-K","ticker":"PPIH","cik":"0000914122","company_name":"Perma-Pipe International Holdings, Inc.","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.368993+00:00","generated_at":"2026-05-29T00:45:14.754938+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Perma-Pipe restating Q2 FY2024 results due to accounting errors; prior filings no longer reliable","bullets":["Audit Committee non-reliance on unaudited financials for six months ended July 31, 2024 due to duplicate invoice and intercompany errors.","Duplicate invoice overstated PP&E and accounts payable by $1.4M in Middle East subsidiary.","Intercompany errors: trade receivables overstated $0.4M, cash flow misstatements of $0.4-$0.5M.","Existing material weaknesses in internal control to be expanded; Form 10-Q/A to be filed."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-038156","json":"https://secwatch.observer/filing/0001437749-24-038156.json","markdown":"https://secwatch.observer/filing/0001437749-24-038156.md","text":"https://secwatch.observer/filing/0001437749-24-038156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/0001437749-24-038156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/ppih20241216_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:45:14.754938+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d0e15f8ac9f67e62e6989e291cb40458e4ddd81","claim":"Perma-Pipe International Holdings, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"ent and the Company's independent registered public accounting firm, concluded that the Company's unaudited consolidated financial statements in its Quarterly Report on Form 10-Q for the six m onths ended July 31, 2024, should no longer be relied upon due to the aggregate impact of certain errors as described below and should be restated. As a result, the Company will correct these errors by filing an amended Quarterly Report on Form 10-Q (the \"Form 10-Q/A\"), as soon as practicable.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/914122/000143774924038156/0001437749-24-038156-index.htm","confidence":0.95,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}