{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-049181","form_type":"8-K","ticker":null,"cik":"0001839132","company_name":"Movella Holdings Inc.","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.958444+00:00","generated_at":"2026-05-29T19:06:30.397375+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 2020-2022 financials due to VIE loss allocation error; expects material weaknesses","bullets":["Management concludes financial statements for YE 2020-2022 and interim periods should no longer be relied upon.","Error: VIE losses not fully allocated to non-controlling interest with liquidation preference; 100% of losses up to preference should have been allocated to NCI.","Company expects restatement will not affect cash or cash flows, but likely one or more material weaknesses in internal control.","Audit committee discussed with auditors Marcum LLP and former auditor RSM US LLP.","No expected cash impact, but restatement and control weaknesses may affect investor confidence."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-049181","json":"https://secwatch.observer/filing/0001628280-24-049181.json","markdown":"https://secwatch.observer/filing/0001628280-24-049181.md","text":"https://secwatch.observer/filing/0001628280-24-049181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839132/000162828024049181/0001628280-24-049181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839132/000162828024049181/mvla-20241119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T19:06:30.397375+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":"4a9859dd9df28696d8daff346331359d53e709c9","claim":"Movella Holdings Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"On November 19, 2024, management of Movella Holdings Inc. (the “Company”) concluded that the Company’s previously issued audited financial statements for the years ended December 31, 2022, 2021, and 2020, as well as the interim periods therein, included in the Company’s Form 8-K/A filed on March 31, 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/1839132/000162828024049181/0001628280-24-049181-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"}