{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-006965","form_type":"8-K","ticker":"SUIG","cik":"0001425355","company_name":"SUI Group Holdings Ltd.","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.816447+00:00","generated_at":"2026-06-14T18:09:37.174271+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mill City Ventures III to restate 2022 financials after $640k bonus error; material weakness cited","bullets":["Auditor Boulay PLLP advised that Dec 31, 2022 financials are unreliable due to failure to accrue $640k in cash bonuses.","Restatement will increase payroll by $400k and director fees by $240k, decreasing net assets by $470,779.","Net asset value per common share will decrease by $0.08 per the correction.","Company identified a material weakness in internal controls over accruing compensation.","Amended 10-K expected to be filed by May 22, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-006965","json":"https://secwatch.observer/filing/0001654954-23-006965.json","markdown":"https://secwatch.observer/filing/0001654954-23-006965.md","text":"https://secwatch.observer/filing/0001654954-23-006965.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425355/000165495423006965/0001654954-23-006965-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425355/000165495423006965/mcvt_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T18:09:37.174271+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}