{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-039029","form_type":"8-K","ticker":null,"cik":"0001839132","company_name":"Movella Holdings Inc.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.934623+00:00","generated_at":"2026-06-08T02:43:37.962063+00:00","sec_items":["2.02","2.06","2.04","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Movella reveals $35-38M impairment, going concern doubt, and restatements, delays Q3 10-Q","bullets":["Records non-cash goodwill and long-lived asset impairment of ~$35-38M in Q3 2023 due to share price drop and macro headwinds.","Restatements for Q1 and Q2 2023: D&O tail policy overstated assets by ~$1.9M; revenue overstated by $0.7M in Q2.","VLN Facility breached by restatements and late filing; interest rate may rise 3% to 12.25% unless waiver obtained.","Management expects inability to meet minimum EBITDA covenant in June 2024, raising substantial doubt about going concern.","Q3 10-Q delayed indefinitely as Audit Committee continues review; no filing date provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-039029","json":"https://secwatch.observer/filing/0001628280-23-039029.json","markdown":"https://secwatch.observer/filing/0001628280-23-039029.md","text":"https://secwatch.observer/filing/0001628280-23-039029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023039029/0001628280-23-039029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023039029/mvla-20231110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:43:37.962063+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":"01658a7159e1af1316fef8bea02bbf0580efff90","claim":"Movella Holdings Inc. announced a impairment with charges of approximately $35 million to $38 million affecting goodwill and long-lived assets.","evidence_excerpt":"On November 10, 2023, the Company determined that it expects to record a non-cash impairment of its goodwill and long-lived assets of approximately $35 million to $38 million in its third quarter financial statements ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839132/000162828023039029/0001628280-23-039029-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $35 million to $38 million"},{"label":"Affected area","value":"goodwill and long-lived assets"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}