Tego Cyber restates Q3 FY2022 results due to stock option accounting error

Tego Cyber, Inc.

Non-qualified stock options incorrectly expensed; first tranche vests Jan 1, 2023, not March 31, 2022.
Impact: reduction to additional paid-in capital of $386,449, accumulated deficit of $386,499.
Reduction to share-based compensation expense of $386,499 and loss from operations of $386,449.
Amended 10-Q for quarter ended March 31, 2022 to be filed by September 28, 2022.
Prior unaudited financial statements for three and nine months ended March 31, 2022 no longer reliable.

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