SATT SATIVUS TECH CORP.
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Executive Summary
Sativus Tech Corp. filed an amended 10-K/A solely to correct a clerical error in the audit report date from April 14, 2026 to April 15, 2026. The amendment confirms no restatements or material changes to financials. However, this follows a prior late filing (NT 10-Q) due to delayed restatement, raising concerns about financial reporting integrity.
Actionable Insight
The minimal nature of this amendment is overshadowed by the prior late filing for a restatement, which was not disclosed in this document. Traders should be concerned about the company's financial reporting integrity and control environment. The 'clerical error' correction following a restatement delay suggests potential issues with financial oversight. Monitor for further disclosures on the nature of the restatement that caused the initial delay.
Key Facts
- Amendment (10-K/A) filed to correct only the date of the auditor's report from April 14 to April 15, 2026.
- No financial restatements or material changes to the original filing were made.
- This amendment follows a late filing (NT 10-Q) for the same period, which was attributed to the need to file a restatement.
- The company has a history of financial distress, including a cumulative deficit of $24.5 million and a working capital deficit of $3.7 million as of December 2025.
- The auditor's report includes a going concern qualification, noting substantial doubt about the company's ability to continue as a going concern.
Financial Impact
No change to financial statements. The amendment is purely clerical.
Risk Factors
- The sequence of a late filing (due to restatement) followed by an amendment correcting only a date raises serious questions about the accuracy and reliability of the company's financial reporting.
- The company's going concern qualification and history of financial distress increase the risk of future downgrades or delisting.
- The lack of transparency regarding the material restatement that caused the initial delay is a significant red flag for investors.
Market Snapshot
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001683168-26-002981 |
| Document: sativus_ex3101.htm | 0001683168-26-002981 |
| Document: sativus_ex3102.htm | 0001683168-26-002981 |
| Document: sativus_ex3201.htm | 0001683168-26-002981 |
| Document: sativus_ex3202.htm | 0001683168-26-002981 |
| Document: 0001683168-26-002981-index-headers.html | 0001683168-26-002981 |
| Document: 0001683168-26-002981-index.html | 0001683168-26-002981 |
| Document: 0001683168-26-002981.txt | 0001683168-26-002981 |
US Market Status
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