secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001683168-24-005713
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Coeptis says prior financials from Sep 2023 to Mar 2024 not reliable due to accounting errors
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- Audit committee determined non-reliance on financial statements for Q3 2023, FY 2023, Q1 2024, and related registration statements.
- Error: notes receivable misclassified as subscription receivables; balance of subscription receivables satisfied as of Aug 12, 2024.
- Company expects to file restated financial statements as soon as practicable.
- Previously disclosed material weaknesses; hired full-time CFO in 2023 to improve controls.
- Restatement may result in litigation, regulatory action, and reputational damage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000168316824005713/0001683168-24-005713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000168316824005713/coeptis_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005713

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