secwatch.observer — SEC 8-K summary
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Issuer:     Tego Cyber, Inc. (TGCB)
CIK:        0001815632
Form:       8-K/A
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001654954-23-003839
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Tego Cyber restates Q3 FY2022 financials; Board says prior filings should not be relied upon
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- Board determined on March 16, 2023 that Q3 Sep 30, 2022 financials and Amendment No. 1 are unreliable due to promissory note accounting errors.
- Restatement adds $342,702 to notes payable, eliminates $336,767 convertible debt, and increases accumulated deficit by $4,434.
- General & admin expenses increase by $625,367; share-based compensation eliminated; accretion expense of $192,332 added.
- Company will file Amendment No. 2 to correct errors; auditor Borgers CPA PC was not consulted on prior filings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815632/000165495423003839/0001654954-23-003839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815632/000165495423003839/tgcb_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003839

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