secwatch.observer — SEC 8-K summary
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Issuer:     Better For You Wellness, Inc. (—)
CIK:        0001852707
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001575872-23-000877
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Better For You Wellness restates prior financials due to stock option valuation error
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- Auditor GBQ notified board on May 30, 2023 that option-valuation input error (grant date) invalidates prior filings.
- Affected periods: Q3 FY2022 (Nov 2021), FY2022 (Feb 2022), and Q1-Q3 FY2023 (May–Nov 2022).
- Company will correct via FY2023 10-K filing with restated stock-based compensation.
- Board discussed with GBQ; GBQ provided Exhibit 7.1 letter agreeing with non-reliance statements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852707/000157587223000877/0001575872-23-000877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852707/000157587223000877/bfyw-20230530.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000877

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