Thu, Jun 27, 8:13 PM (72 days ago)
Swiftmerge Acquisition Corp. filed an amendment to its 2023 Annual Report (Form 10-K/A) in response to an SEC comment letter. The amendment primarily addresses a previously omitted management report on internal control over financial reporting. The company identified a material weakness in its internal controls related to the accounting for complex financial instruments. This weakness resulted in adjustments to several accounts and disclosures. To remediate this, Swiftmerge has designed and implemented new controls and enhanced training for in-house accounting personnel. The amendment does not update other financial data or disclosures from the original filing.