MDB Capital Holdings, LLC (MDBH): auditor change — MDB Capital restates Q2 2022 EPS due to share-count error; EPS corrected from $(1.35) to $(0.73)

MDB Capital Holdings, LLC

Non-reliance on previously issued financial statements for three and six months ended June 30, 2022 due to error in weighted average share count.
Corrected Q2 2022 net loss per Class A share: $(0.73) vs previously reported $(1.35) (weighted shares increased to 738,343 from 400,763).
Corrected six-month 2022 net loss per share: $(2.25) vs previously reported $(2.32) (weighted shares adjusted to 412,648 from 400,763).
Error discovered during preparation of Q3 2023 financials; restatement to be included in Q3 2023 Form 10-Q footnotes.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

MDB Capital Holdings, LLC reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

management and the Audit Committee concluded that the Company's previously issued financial statements for the three months and six months ended June 30, 2022 included in Form 10-Q for the quarter ended June 30, 2023 and filed on August 30, 2023 should no longer be relied upon

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MDB Capital Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001493152-23-040790

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