{"schema_version":"secwatch.filing_event.v1","accession":"0001929980-24-000111","form_type":"8-K","ticker":null,"cik":"0001852736","company_name":"Tristar Acquisition I Corp.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.853857+00:00","generated_at":"2026-06-03T16:45:54.134041+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tristar Acquisition I Corp. restates Q3 2023 financials; cites three accounting errors","bullets":["Audit committee determined on April 18, 2024 that prior Q3 2023 unaudited financials are unreliable.","Errors include misclassification of debt extinguishment as expense instead of capital contribution.","Also incorrect fair value change on related-party promissory note and omitted stock compensation for directors.","No impact on cash position or trust account; amendment to 10-Q will be filed as soon as practicable.","Material weakness in internal control over financial reporting identified; remediation underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001929980-24-000111","json":"https://secwatch.observer/filing/0001929980-24-000111.json","markdown":"https://secwatch.observer/filing/0001929980-24-000111.md","text":"https://secwatch.observer/filing/0001929980-24-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852736/000192998024000111/0001929980-24-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852736/000192998024000111/tris_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T16:45:54.134041+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":"085b8a8c5024a6cdf0242924d12b095d13d16c9f","claim":"Tristar Acquisition I Corp. reported that prior financial statements should not be relied upon.","evidence_excerpt":"ted financial statements as of and for the three and nine-month period ended September 30, 2023, contained in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 14, 2023 (the “ Original Filing ”) should no longer be relied upon due to the accounting errors identified therein, which are summarized below, and that it is appropriate to restate the Original Filing. 1. Management determined that there was an extinguishment of debt with the Company’s prior sponsor, Tristar Holdings I LLC, a Delaware limited liability company (the “ Prior Sponsor ”), which is a related party, and the extinguishment of debt was incorrectly recorded in the condensed statement of operations instead of as a capital contribution as required by ASC 470-50-40-2. 2. The Company incorrectly recorded a change in fair value of an unsecured promissory note previously issued to the Prior Sponsor (the","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852736/000192998024000111/0001929980-24-000111-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Marcum LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}