---
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"
generated_at: "2026-06-10T22:15:01.834032+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cottonwood Communities restates cash flow statements for 2022, suspends IPO subscriptions

## Summary
- 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.

## SEC filing metadata
- accession: 0001692951-23-000153
- form_type: 8-K
- cik: 0001692951
- company_name: Cottonwood Communities, Inc.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692951-23-000153
- JSON: https://secwatch.observer/filing/0001692951-23-000153.json
- Plain text: https://secwatch.observer/filing/0001692951-23-000153.txt

## Key facts
- Auditor Changes
  Cottonwood Communities, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: should no longer be relied upon due to an inaccurate presentation of the change in cash flows ascribed to financing and operating activities
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692951/000169295123000153/0001692951-23-000153-index.htm

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