---
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"
generated_at: "2026-07-20T10:05:52.953122+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Adapti restates financials; acquisition of Ballengee Group should have been reverse recapitalization

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-033816
- JSON: https://secwatch.observer/filing/0001493152-26-033816.json
- Plain text: https://secwatch.observer/filing/0001493152-26-033816.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.