secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001654954-23-003134
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber restates Q3 2022 financials; prior filings no longer reliable
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- 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- Original 10-Q (Nov 2022) and Amendment No.1 (Feb 2023) both withdrawn; Amendment No.2 pending.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495423003134/0001654954-23-003134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495423003134/tgcb_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003134

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