{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-038740","form_type":"8-K","ticker":null,"cik":"0001839132","company_name":"Movella Holdings Inc.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.934425+00:00","generated_at":"2026-06-08T03:59:51.528158+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Movella restates Q1 and Q2 2023 results; revenue overstated $0.7M, D&O tail policy misclassified","bullets":["Previously issued unaudited financials for Q1 and Q2 2023 should no longer be relied upon.","D&O tail policy error: overstatements of ~$0.3M prepaid expenses, ~$1.6M capitalized equity costs.","Revenue from a customer contract erroneously recognized in Q2: overstatement of ~$0.7M revenue.","Corresponding understatement of deferred revenue by ~$0.7M as of June 30, 2023.","Company expects one or more material weaknesses in internal controls over financial reporting."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-038740","json":"https://secwatch.observer/filing/0001628280-23-038740.json","markdown":"https://secwatch.observer/filing/0001628280-23-038740.md","text":"https://secwatch.observer/filing/0001628280-23-038740.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023038740/0001628280-23-038740-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023038740/mvla-20231110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:59:51.528158+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18e09bb33adbe7ad9ee9d968c23746ce19451e13","claim":"Movella Holdings Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"On November 10, 2023, management of Movella Holdings Inc. (the “Company”) concluded that the Company’s previously issued unaudited financial statements included in the Company’s Quarterly Reports on Form 10-Q for the periods ended March 31, 2023, and June 30, 2023 (the “Affected Periods”) should no longer be relied upon and should be restated.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023038740/0001628280-23-038740-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}