Sangrix Inc. filed an amendment to its Form 6-K to restate unaudited condensed consolidated financial statements for the six months ended December 31, 2025. The restatement corrects errors in classifying Class A Ordinary Shares with redemption rights as mezzanine equity, presenting interest expense on convertible debentures measured under the fair value option, and measuring deemed dividends from warrant down-round features. These adjustments are material to the previously issued statements but do not affect total assets, liabilities, or consolidated net loss. The filing also retroactively adjusts share counts for a 1-for-5 reverse split effective August 21, 2026, following a prior 1-for-60 split in January 2026. Sangrix Inc. operates in the cryptocurrency mining industry.
