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

Issuer:     Adapti, Inc. (ADTI)
CIK:        0001420924
Form:       8-K/A
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001493152-25-020184
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Adapti files Ballengee Group financials; revenue $7.08M, net loss $1.22M in 2024
--------------------------------------------------------------------------------

- Acquired Ballengee Group reported 2024 revenue of $7.08M, net loss of $1.22M, and accumulated deficit of $20.6M.
- Total assets as of Dec 31, 2024 were $10.5M; members' equity $2.57M.
- Audited financials for 2024 and 2023, and unaudited for six months ended June 30, 2025 are included.
- Pro forma financials for Adapti for fiscal years ending Mar 31, 2025 and 2024, and three months June 30, 2025 also filed.
- Going concern note: company has incurred substantial losses since inception and may need adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225020184/0001493152-25-020184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420924/000149315225020184/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-020184

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