secwatch.observer — SEC 8-K summary
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Issuer:     VIVIC CORP. (VIVC)
CIK:        0001703073
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001549727-22-000052
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703073/000154972722000052/0001549727-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703073/000154972722000052/vivcform8knonreliance.htm
  HTML page:      https://secwatch.observer/filing/0001549727-22-000052

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