8-K//Current report
ABUNDIA GLOBAL IMPACT GROUP, INC. 8-K
Accession 0001493152-26-005626
$AGIGCIK 0001156041operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 5:17 PM ET
Size
202.0 KB
Accession
0001493152-26-005626
Research Summary
AI-generated summary of this filing
ABUNDIA GLOBAL IMPACT GROUP Restates Q3 2025 Financials After Error
What Happened
- On February 2, 2026, ABUNDIA GLOBAL IMPACT GROUP, INC. (AGIG) announced its Audit Committee concluded the unaudited consolidated financial statements in the Form 10-Q for the three- and nine-month periods ended September 30, 2025 should no longer be relied upon.
- The committee, after consulting with the company’s independent accountant CBIZ CPAs P.C., found an understatement of general and administrative expense tied to a July 1, 2025 share-exchange acquisition. Management is preparing an amended Form 10-Q with restated interim financials.
Key Details
- The error relates to a success fee to Univest Securities, LLC: 3.5% of the shares issued to Abundia Financial = 1,112,231 shares.
- Using the closing share price of $11.14, the omitted cost equals $12,390,253.34 and was disclosed in Note 5 (Acquisition) but not included in the income statement’s general & administrative expense.
- Correcting the error will increase net loss and comprehensive loss and also increase additional paid-in capital on the shareholders’ equity statement; there will be no change to the statement of cash flows.
- Company will file an amended 10-Q restating the unaudited condensed interim financial statements for the affected periods; prior reports and communications covering those periods should no longer be relied upon.
Why It Matters
- For investors, this changes previously reported profitability for Q3 2025 (higher loss) and alters the equity account presentation, which affects financial metrics and comparability to earlier disclosures.
- The issue was identified by the Audit Committee with the company’s auditor involved, and the company is taking corrective action by restating the affected quarterly filings.
- Cash flow is unchanged, but anyone relying on the prior 10-Q, press releases or investor materials for the periods ending September 30, 2025 should update their records once the amended 10-Q is filed.
Documents
- 8-Kform8-k.htmPrimary
8-K
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XBRL SCHEMA FILE
- EX-101.LABagig-20260202_lab.xml
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- ZIP0001493152-26-005626-xbrl.zip
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Issuer
ABUNDIA GLOBAL IMPACT GROUP, INC.
CIK 0001156041
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001156041
Filing Metadata
- Form type
- 8-K
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 5:17 PM ET
- Size
- 202.0 KB