secwatch.observer — SEC 8-K summary
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Issuer:     Bimergen Energy Corp (BESS)
CIK:        0001066764
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0001493152-22-026753
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Bitech Technologies restates Q1 2022 financials; net loss corrected to $229,162
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- July 20, 2022 board determined March 31, 2022 financials unreliable due to Bitech Mining acquisition accounting error.
- Restated net loss increased from $33,085 to $229,162; revenue eliminated to zero.
- Accumulated deficit adjusted from $20,311,632 to $514,121 as of March 31, 2022.
- Additional paid-in capital reduced from $21,022,725 to $1,196,679.
- Company to file amendment to Q1 2022 Form 10-Q with restated financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066764/000149315222026753/0001493152-22-026753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066764/000149315222026753/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-026753

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