Traders should expect heightened volatility and potential selling pressure as the market digests the credibility hit from a restatement and late filing. Monitor for the filing of the 10-K/A and Q1 10-Q, and watch for any shareholder litigation or auditor changes. The small absolute dollar amounts relative to a typical micro-cap reduce the likelihood of a severe price decline, but the reputational damage and OTC listing status amplify downside risk.
Price Chart
Executive Summary
Specificity, Inc. filed an 8-K disclosing non-reliance on its FY2025 10-K financial statements due to an inadvertent failure to obtain and review bank and credit card statements for accounts opened in mid-December 2025. The preliminary analysis shows an approximate understatement of expenses of $83,422, understatement of revenues of $2,500, understatement of liabilities of $121,122, overstatement of additional paid-in capital of $40,000, and understatement of cash of $202. The company has also delayed its Q1 2026 10-Q and filed a late filing notice (Form 12b-25).
Key Facts
- Non-reliance on FY2025 10-K financial statements due to failure to obtain and review bank/credit card statements for accounts opened in mid-December 2025.
- Preliminary restatement amounts: expenses understated by $83,422, revenues understated by $2,500, liabilities understated by $121,122, APIC overstated by $40,000, cash understated by $202.
- Company delayed Q1 2026 10-Q and filed a Form 12b-25 (Notice of Late Filing).
- Restatement amounts are subject to completion of review by independent auditor CM3 Advisory.
- CEO Jason Wood also serves as CFO (Principal Financial and Accounting Officer), indicating limited segregation of duties.
Financial Impact
Preliminary restatement adjustments total approximately $247,246 in net misstatements (expenses + liabilities + APIC + revenue + cash), though the company asserts no effect on quarterly operating results during 2025.
Risk Factors
- Shareholder lawsuits are almost guaranteed following a non-reliance restatement.
- Potential for auditor resignation or qualification in future filings.
- Delayed filings may trigger SEC enforcement or OTC delisting proceedings.
- Management credibility severely damaged; CEO/CFO duality raises governance concerns.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001520138-26-000175 |
| Document: 0001520138-26-000175-index-headers.html | 0001520138-26-000175 |
| Document: 0001520138-26-000175-index.html | 0001520138-26-000175 |
| Document: 0001520138-26-000175.txt | 0001520138-26-000175 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | SC 13G | $0.3340 | awaiting T+5 | — | $0.1815 (−45.66%) |
Oct 9, 2026 18d ago | S-1 | $0.3100 $0.2800 | ▲ +9.68% | ▲ +7.71% | $0.1815 (+41.45%) |
May 22, 2026 22w ago | 8-K | $0.2800 $0.4800 | ▼ −71.43% | ▼ −70.22% | $0.1815 (+35.18%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers