secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0001654954-22-013000
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013000/0001654954-22-013000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495422013000/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013000

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