Form 8-K - Current report
2023年9月16日 - 6:25AM
Edgar (US Regulatory)
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0001948455
2023-09-12
2023-09-12
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of
earliest event reported): September 15, 2023 (September
12, 2023)
Ispire Technology Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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001-41680 |
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84-5106049 |
(State or other jurisdiction of
incorporation or organization) |
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(Commission file number) |
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(IRS Employer
Identification No.) |
19700 Magellan Drive
Los Angeles, CA 90502
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area
code: (310) 742-9975
Not Applicable
(Former Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
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ISPR |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 4.02. |
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. |
In process of their audit of the
financial statements of Ispire Technology Inc. (the “Company”) for the year ended June 30, 2023, the Company’s independent
registered accounting firm, MSPC Certified Public Accountants and Advisors, A Professional Corporation (“MSPC”), MSPC concluded
that the Company’s unaudited financial statements at December 31, 2022 and for the six months then ended and at March 31, 2023 and
for the nine months then ended (collectively, the “Unaudited Financial Statements”) should not be relied upon, and MSPC informed
the audit committee of their conclusion. The unaudited financial statements should be restated to correct the amount at which intangible
assets consisting of intellectual property rights which were transferred to the Company by a control party were recorded in the Unaudited
Financial Statements. Under GAAP, assets transferred to the Company by a control party should be recorded at the transferor’s book
value. The Unaudited Financial Statements recorded the intangible assets that were transferred by the control party at $74,259,915, which
represents an independent third party evaluation of the assets.
The Company determined that the
intangible assets were incorrectly recorded in the Unaudited Financial Statements, and that the Unaudited Financial Statements had to
be restated to record the acquired intangible assets at the transferor’s book value, which was nil. Accordingly, the Unaudited Financial
Statements will be restated to reverse the intangible assets, related amortization and contributed capital. The restated financial statements
at December 31, 2022 and for the six months then ended and at March 31, 2023 and for the nine months then ended will reflect a lower net
loss and net loss per share, reflecting the elimination of the expense for amortization of the transferred intangible assets (approximately
$0.8 million for the six months ended December 31, 2022 and approximately $1.5 million for the nine months ended March 31, 2023), and
a significant decline in stockholders’ equity since, in the Unaudited Financial Statements, at December 31, 2022, such assets represented
$73,487,283 of the stockholders’ equity of $83,218,167, and at March 31, 2023, the transferred intangible assets represented $72,714,652
of the stockholders’ equity of $79,953,608.
The Company was advised by MSPC
on September 12, 2023 that the Unaudited Financial Statements should be restated as described above, and the Company requested MSPC to
furnish the Company with a letter addressed to the SEC stating whether MSPC agrees with the statements made by the Company.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Ispire Technology Inc. |
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By: |
/s/ Michael Wang |
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Name: |
Michael Wang |
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Title: |
Co-Chief Executive Officer |
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Dated: September 15, 2023 |
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Ispire Technology (NASDAQ:ISPR)
過去 株価チャート
から 5 2024 まで 6 2024
Ispire Technology (NASDAQ:ISPR)
過去 株価チャート
から 6 2023 まで 6 2024