Home/Filings/8-K/0001493152-26-005626
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

Updated

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.