---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-015205"
form_type: "8-K"
ticker: null
cik: "0001661039"
company_name: "TPT GLOBAL TECH, INC."
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:18:33.351533+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TPT Global Tech restates 2023-2024 financials; derivative liability error triggers non-reliance

## Summary
- Board, with auditor Sadler/Gibb, determines prior 10-Q for Sep 30, 2023, Mar 31, 2024, Jun 30, 2024 and 10-K for Dec 31, 2023 are unreliable.
- Restatement adjusts total liabilities by $0.8M-$0.9M per period and increases net loss YTD by $826K for Sep 30, 2023 and $763K for Dec 31, 2023.
- Derivative liability of $821,555 from modification of Michael Murphy debt conversion agreement was omitted; now recognized as derivative expense.
- Stockholders' deficit increases by $826K–$811K across restated periods.
- Company expects to file amended reports by December 25, 2024.

## SEC filing metadata
- accession: 0001654954-24-015205
- form_type: 8-K
- cik: 0001661039
- company_name: TPT GLOBAL TECH, INC.
- filed_at: 2024-12-05T23:59:59+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/1661039/000165495424015205/0001654954-24-015205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1661039/000165495424015205/tptw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-015205
- JSON: https://secwatch.observer/filing/0001654954-24-015205.json
- Plain text: https://secwatch.observer/filing/0001654954-24-015205.txt

## Key facts
- Auditor Changes
  TPT GLOBAL TECH, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Sadler, Gibb & Associates, LLC
  source text: On December 4, 2024, the Board of Directors of TPT Global Tech, Inc. (the “Company”), in consultation with management and Sadler, Gibb & Associates, LLC, (“Sadler/Gibb”), the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited condensed consolidated financial statements contained within the Quarterly Reports on Form 10-Q for the quarterly periods September 30, 2023, March 31, 2024 and June 30, 2024 and the Annual Report on Form 10-K for the year ended December 31, 2023 should no longer be relied upon due to errors in such financial statements, and therefore a restatement of these prior financial statements is required.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1661039/000165495424015205/0001654954-24-015205-index.htm

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