{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-026959","form_type":"8-K","ticker":null,"cik":"0001858028","company_name":"Nova Vision Acquisition Corp","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.838253+00:00","generated_at":"2026-06-12T04:58:02.250174+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Nova Vision restates FY21 & FY22 financials due to IPO unit valuation errors","bullets":["MaloneBailey notified company on June 19, 2023 that Dec 31, 2021 & 2022 financials should be restated due to IPO unit valuation errors.","Errors required adjustment of initial fair value allocation of public shares and change in accretion of carrying value to redemption value.","Company filed Amendment No.1 (June 30, 2023) and Amendment No.2 (July 28, 2023) to correct audit opinion and restatement disclosure.","Management concluded material weakness in internal control over financial reporting and ineffective disclosure controls as of Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-026959","json":"https://secwatch.observer/filing/0001493152-23-026959.json","markdown":"https://secwatch.observer/filing/0001493152-23-026959.md","text":"https://secwatch.observer/filing/0001493152-23-026959.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1858028/000149315223026959/0001493152-23-026959-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1858028/000149315223026959/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T04:58:02.250174+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":"b3b1c55d2d648b54ae26822285a1e0081c7cdfc0","claim":"Nova Vision Acquisition Corp reported that prior financial statements should not be relied upon.","evidence_excerpt":"une 19, 2023, MaloneBailey, LLP (“ MaloneBailey ”), the independent registered public accounting firm of Nova Vision Acquisition Corp. (the “ Company ”), notified the Company that the Company’s balance sheet as of December 31, 2021 and 2022, and the related statements of operations, statement of changes in shareholders’ equity (deficit), and cash flows (the “ Financial Statements ”) included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023 (the “ Form 10-K ”) should be restated and should no longer be relied upon. Subsequent to the Company’s filing of the Form 10-K, it was discovered that there are errors in the original valuation of instruments in the units issued by the Company in its initial public offering, and the Company determined that the errors required adjustment of Financial Statements. This led to a c","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858028/000149315223026959/0001493152-23-026959-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"MaloneBailey, LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}