Symbotic Inc. Amends Financial Reporting, Restates Statements
Ticker: SYM · Form: 8-K/A · Filed: 2024-11-27T00:00:00.000Z
Sentiment: neutral
Topics: amendment, financial-restatement, accounting-issue
TL;DR
Symbotic restated financials - past numbers might be wrong, check the new ones.
AI Summary
Symbotic Inc. filed an amendment (8-K/A) on November 27, 2024, to its previous report dated November 18, 2024. This amendment addresses the non-reliance on previously issued financial statements or related audit reports, indicating a restatement or correction of financial information. The filing also includes updated financial statements and exhibits.
Why It Matters
This filing signals potential inaccuracies in past financial reporting, requiring investors to re-evaluate the company's historical financial health and performance.
Risk Assessment
Risk Level: medium — Amendments to financial statements and non-reliance on prior reports suggest accounting issues that could impact investor confidence and valuation.
Key Players & Entities
- Symbotic Inc. (company) — Registrant
- November 18, 2024 (date) — Date of earliest event reported
- November 27, 2024 (date) — Filing date of amendment
- 001-40175 (other) — SEC File Number
FAQ
What specific financial statements are being amended or restated by Symbotic Inc.?
The filing indicates a non-reliance on previously issued financial statements, and the amendment includes updated financial statements and exhibits, but the specific periods or statements are not detailed in the provided text.
What is the primary reason for Symbotic Inc. filing an 8-K/A amendment?
The primary reason is the non-reliance on previously issued financial statements or a related audit report or completed interim review.
When was the original event that this 8-K/A amendment pertains to?
The earliest event reported is November 18, 2024.
What is Symbotic Inc.'s state of incorporation and fiscal year end?
Symbotic Inc. is incorporated in Delaware and its fiscal year ends on September 28.
What was Symbotic Inc. formerly known as?
Symbotic Inc. was formerly known as SVF Investment Corp. 3 and SVF Investment III Corp.
Filing Stats: 1,513 words · 6 min read · ~5 pages · Grade level 14.4 · Accepted 2024-11-27 07:08:00
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share SYM The Nasdaq Stock Mark
Filing Documents
- d868548d8ka.htm (8-K/A) — 33KB
- d868548dex991.htm (EX-99.1) — 32KB
- g868548g1127102904017.jpg (GRAPHIC) — 3KB
- 0001193125-24-266541.txt ( ) — 202KB
- sym-20241118.xsd (EX-101.SCH) — 3KB
- sym-20241118_lab.xml (EX-101.LAB) — 18KB
- sym-20241118_pre.xml (EX-101.PRE) — 11KB
- d868548d8ka_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Symbotic Inc. Press Release, dated November 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Date: November 27, 2024 Symbotic Inc. By: /s/ Maria G. Freve Name: Maria G. Freve Title: Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer)