{"schema_version":"secwatch.filing_event.v1","accession":"0001692951-23-000153","form_type":"8-K","ticker":null,"cik":"0001692951","company_name":"Cottonwood Communities, Inc.","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.882564+00:00","generated_at":"2026-06-10T22:15:01.834032+00:00","sec_items":["4.02","8.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cottonwood Communities restates cash flow statements for 2022, suspends IPO subscriptions","bullets":["Audit committee determined financial statements for Q1-Q3 2022 and FY2022 should no longer be relied upon due to cash flow classification error.","Error misclassified accrued deferred offering costs between operating and financing activities; no impact on total cash, revenue, net income, or net asset value.","Restatement will be filed in amended 10-K; adjustments range from $1.6M to $4.8M per period.","Company suspended accepting subscriptions in its $1B IPO until corrected financials are cleared by SEC.","Material weakness in internal controls over financial reporting expected to be disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001692951-23-000153","json":"https://secwatch.observer/filing/0001692951-23-000153.json","markdown":"https://secwatch.observer/filing/0001692951-23-000153.md","text":"https://secwatch.observer/filing/0001692951-23-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692951/000169295123000153/0001692951-23-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692951/000169295123000153/cci-20230901.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:15:01.834032+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":[{"claim_id":"97e4859ae9128d685ed9b61af36f10ba9944a27b","claim":"Cottonwood Communities, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon due to an inaccurate presentation of the change in cash flows ascribed to financing and operating activities","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692951/000169295123000153/0001692951-23-000153-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}