---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000918"
form_type: "8-K"
ticker: null
cik: "0001683252"
company_name: "TOKEN COMMUNITIES LTD."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:09:21.977747+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Token Communities to restate FY2023 and Q1 FY2024 financials due to FX translation errors

## Summary
- Board concluded prior financial statements for year ended June 30, 2023 and quarter ended Sept 30, 2023 should no longer be relied upon.
- Error: incorrect application of parent company exchange rate conversion and foreign subsidiary currency translation affecting income statement and OCI.
- Changes are non-cash and do not affect reported operating revenues or costs; restatement expected to be filed within ten days.
- Company working with auditor Greengrowth CPA; additional material errors may be identified during review.

## SEC filing metadata
- accession: 0001477932-24-000918
- form_type: 8-K
- cik: 0001683252
- company_name: TOKEN COMMUNITIES LTD.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683252/000147793224000918/0001477932-24-000918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683252/000147793224000918/token_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000918
- JSON: https://secwatch.observer/filing/0001477932-24-000918.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000918.txt

## Key facts
- Auditor Changes
  TOKEN COMMUNITIES LTD. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On February 23, 2024, the Board of Directors of Token Communities, Ltd. (the “ Company ”), after consultation with management and discussions with Greengrowth CPA, the Company’s independent registered public accounting firm, concerning the quarter ended December 31, 2023, concluded that the Company’s previously issued financial statements for the year ended June 30, 2023 and the quarter ended September 30, 2023 (the “ Relevant Periods “) should be restated and should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683252/000147793224000918/0001477932-24-000918-index.htm

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