secwatch.observer — SEC 8-K summary
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Issuer:     GoLogiq, Inc. (—)
CIK:        0001746278
Form:       8-K/A
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001575872-24-000161
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

GoLogiq restates 2022 annual and 2023 interim financials; non-reliance on prior statements
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- Board concluded on Feb 6, 2024 that FY2022 audited, Q1-Q3 2022 and Q1-Q3 2023 interim financials should be restated and not relied upon.
- Reason: Jan 2022 acquisition of AppLogiq/Createapp from Logiq was incorrectly accounted as a business combination; should have been a capital transaction/recapitalization.
- Company was a non-operating public shell at acquisition date; excess of fair value of shares issued over net monetary assets reduces equity.
- Current auditor Centurion ZD CPA & Co. will conduct a re-audit of the affected financial statements.
- Any prior reports, earnings releases, or investor presentations for the Affected Periods should no longer be relied upon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746278/000157587224000161/0001575872-24-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746278/000157587224000161/golq-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-000161

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