other material
confidence high
sentiment negative
materiality 0.60
Tego Cyber amends prior non-reliance disclosure; share-based comp expense increased by $60,698
Tego Cyber, Inc.
- Board determined on Oct 17, 2022 that earlier 8-K error description needed amendment.
- Share-based compensation expense for three and nine months ended March 31, 2022 increased by $60,698 from performance stock units.
- Restatement increases additional paid-in capital, accumulated deficit, share-based comp, and loss from operations by $60,698 each.
- Company intends to amend Form 10-Q for quarter ended March 31, 2022 as soon as practicable.
- Prior filing incorrectly stated expense would be reduced; this amendment corrects the direction.