---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-003134"
form_type: "8-K"
ticker: "TGCB"
cik: "0001815632"
company_name: "Tego Cyber, Inc."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:43:39.287646+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tego Cyber restates Q3 2022 financials; prior filings no longer reliable

## Summary
- Error in promissory note accounting; $342,702 added to notes payable, convertible debt reduced by $336,767.
- General & admin expense increased by $625,367; share-based compensation reduced by same amount.
- Accretion expense of $192,332 added; interest on issuance of debts reduced by $196,767.
- Original 10-Q (Nov 2022) and Amendment No.1 (Feb 2023) both withdrawn; Amendment No.2 pending.
- Company's independent auditor BF Borgers CPA PC consulted; restatement impacts Q3 2022 balance sheet and P&L.

## SEC filing metadata
- accession: 0001654954-23-003134
- form_type: 8-K
- ticker: TGCB
- cik: 0001815632
- company_name: Tego Cyber, Inc.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1815632/000165495423003134/0001654954-23-003134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1815632/000165495423003134/tgcb_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-003134
- JSON: https://secwatch.observer/filing/0001654954-23-003134.json
- Plain text: https://secwatch.observer/filing/0001654954-23-003134.txt

## Key facts
- Auditor Changes
  Tego Cyber, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BF Borgers CPA PC
  source text: Tego Cyber Inc. (the “Company”) previously issued unaudited financial statements for the three months ended September 30, 2022, filed on November 21, 2022 (“Original Filing”), should be restated and no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1815632/000165495423003134/0001654954-23-003134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.