secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sustainable Projects Group Inc. (—)
CIK:        0001500305
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001493152-23-044336
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Sustainable Projects Group restates FY2022 and Q1/Q2 2023 financials; prior statements unreliable
--------------------------------------------------------------------------------

- Board concluded annual (FY2022) and Q1 and Q2 2023 financials should no longer be relied upon due to errors.
- Restatement corrects goodwill impairment related to intellectual property and inventory write-downs at YER Brands subsidiary.
- Also correcting accounting for reverse acquisition of Lithium Harvest; financials will reflect company on standalone basis.
- New auditor Centurion ZD CPA & Co. will reaudit annual statements; prior auditor K.R. Margetson no longer PCAOB-registered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500305/000149315223044336/0001493152-23-044336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500305/000149315223044336/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044336

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