secwatch.observer — SEC 8-K summary
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Issuer:     Avenir Wellness Solutions, Inc. (—)
CIK:        0001643301
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001477932-24-002493
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Avenir Wellness restates FY2021 and Q2 2022 financials due to EPS calculation error
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- Audit Committee determined non-reliance on financial statements for year ended Dec 31, 2021 and Q2 2021 and Q2 2022.
- Error from spreadsheet formula incorrectly calculated weighted average shares outstanding, overstating reported loss per share.
- Initially deemed immaterial but now deemed material; restated financial statements to be filed via amendments.
- Company requested auditor letter to SEC agreeing with the disclosure; response expected within two business days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643301/000147793224002493/0001477932-24-002493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643301/000147793224002493/avrw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002493

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