{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-033816","form_type":"8-K","ticker":"ADTI","cik":"0001420924","company_name":"Adapti, Inc.","filed_at":"2026-07-17T22:43:32+00:00","discovered_at":"2026-07-20T10:05:00.260608+00:00","generated_at":"2026-07-20T10:05:52.953122+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Adapti restates financials; acquisition of Ballengee Group should have been reverse recapitalization","bullets":["Board concluded on July 14, 2026 that Q2 and Q3 FY2026 financials (Sep 30, Dec 31, 2025) should no longer be relied upon.","Error: Transaction with Ballengee Group was accounted for as acquisition by Adapti, but should have been reverse recapitalization with Ballengee as accounting acquirer.","James Ballengee received 81% of Adapti's common stock in the July 2025 deal, giving him control of the board and management.","Company will restate the affected financial statements; discussions with auditor Victor Mokuolu, CPA PLLC are ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-033816","json":"https://secwatch.observer/filing/0001493152-26-033816.json","markdown":"https://secwatch.observer/filing/0001493152-26-033816.md","text":"https://secwatch.observer/filing/0001493152-26-033816.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1420924/000149315226033816/0001493152-26-033816-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1420924/000149315226033816/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-20T10:05:52.953122+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}