---
schema_version: "secwatch.filing_event.v1"
accession: "0001549727-22-000052"
form_type: "8-K"
ticker: "VIVC"
cik: "0001703073"
company_name: "VIVIC CORP."
filed_at: "2022-06-01T23:59:59+00:00"
generated_at: "2026-06-25T05:31:51.107419+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ViVic Corp. restates Q1-Q3 2021 financials; subsidiary Ocean Way should not have been consolidated

## Summary
- Board and management determined subsidiary Ocean Way consolidation was erroneous; should be long-term investment.
- Affected filings: 10-Qs for quarters ended March 31, June 30, and September 30, 2021.
- Investment of $122,665 (RMB 780,000) for 43.8% ownership in Shenzhen Ocean Way Yachts Services.
- Independent auditor YCM CPA, Inc. agrees with non-reliance conclusion; letter attached as Exhibit 13.3.
- Investors warned not to rely on previously issued unaudited financial statements for those periods.

## SEC filing metadata
- accession: 0001549727-22-000052
- form_type: 8-K
- ticker: VIVC
- cik: 0001703073
- company_name: VIVIC CORP.
- filed_at: 2022-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703073/000154972722000052/0001549727-22-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703073/000154972722000052/vivcform8knonreliance.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549727-22-000052
- JSON: https://secwatch.observer/filing/0001549727-22-000052.json
- Plain text: https://secwatch.observer/filing/0001549727-22-000052.txt

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