Form 8-K - Current report
15 Dicembre 2023 - 10:17PM
Edgar (US Regulatory)
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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: December 14, 2023
Arisz
Acquisition Corp.
(Exact
Name of Registrant as Specified in its Charter)
Delaware |
|
001-41078 |
|
87-1807866 |
(State or
other jurisdiction of
incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
c/o MSQ Ventures
12 East 49th Street, 17th Floor
New York, NY 10017
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: (919) 699-9827
(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 obligation of the registrant under
any of the following provisions:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | 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) |
|
Name
of each exchange on which registered |
Common Stock |
|
ARIZ |
|
The
Nasdaq Stock Market LLC |
|
|
|
|
|
Warrants |
|
ARIZW |
|
The
Nasdaq Stock Market LLC |
|
|
|
|
|
Rights |
|
ARIZR |
|
The
Nasdaq Stock Market LLC |
|
|
|
|
|
Units |
|
ARIZU |
|
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 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 of Completed Interim Reports.
During
the preparation of the Annual Report on Form 10-K for the year ended September 30, 2023 (the “Annual Report’), Arisz Acquisition
Corp. (the “Company”) management determined that it had not appropriately accounted for interest earned on investments held
in its Trust Account established in connection with the Company’s initial public offering for the benefit of the Company’s
public stockholders (the “Trust Account”) under U.S. GAAP. Interest income was recorded based on actual cash receipt instead
of on an accrual basis, resulting in an understatement of Investments held in Trust Account in prior periods. As a result, interest earned
on investment held in Trust Account, income tax provision, net income, income tax payable, common stock subject to redemption and accumulated
deficit accounts were misstated.
In
accordance with Staff Accounting Bulletin (“SAB”) 99, “Materiality”, and SAB 108, “Considering the Effects
of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements”, the Company’s management
and the audit committee evaluated the materiality of the errors from qualitative and quantitative perspectives, individually and in aggregate,
and on December 14, 2023 concluded that the errors were material to the financial statements for the fiscal year ended September 30,
2022, and the quarters ended December 31, 2022, March 31, 2023, and June 30, 2023 (collectively, the “Previously Issued Financial
Statements”) and that the Previously Issued Financial Statements should no longer be relied upon and would require certain restatement
adjustments.
The
Company’s management and the Audit Committee discussed the matters disclosed in this Item 4.02 with Marcum LLP, the Company’s
Independent Registered Public Accounting Firm.
The
Company expects to file the Annual Report, which will present the impact of the restatement adjustments of the Previously Issued Financial
Statements, as audited by Marcum, as soon as practicable after this Current Report on Form 8-K is filed.
SIGNATURES
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.
Dated: December
15, 2023 |
ARISZ ACQUISITION CORP. |
|
|
|
By: |
/s/
Fang Hindle-Yang |
|
Name: |
Fang
Hindle-Yang |
|
Title: |
Chief Executive
Officer |
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