secwatch.observer — SEC 8-K summary
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Issuer:     T-REX Acquisition Corp. (TRXA)
CIK:        0001437750
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001477932-24-008354
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

T-REX Acquisition Corp restates FY2024 financials for $15K accrual omission; board member resigns
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- Non-reliance on audited FY2024 10-K (filed Nov 21, 2024) due to omitted $15,000 accrual for Note Payable Incentives stock issuance.
- Audit Committee concluded statements unreliable; restated financials planned by Dec 30, 2024.
- Error affects stock subscription payables and loan cost expense in equity sections.
- Matthew Cohen resigned from Board on Dec 20, 2024, not due to any disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437750/000147793224008354/0001477932-24-008354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437750/000147793224008354/trxa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-008354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer