Panamera Holdings Corp has announced a significant development regarding its financial reporting. The company will restate its previously issued financial statements due to an unreported employment agreement and a related lawsuit. This decision raises concerns about the accuracy of its financial disclosures and could affect its credibility in the management consulting industry.

According to the filing dated November 13, 2026, Panamera Holdings indicated that the restatement is necessary following an earlier 8-K filed on October 26, 2026. The company acknowledged that the reporting was impacted by the unreported employment agreement and lawsuit, which have now come to light.

Background

Panamera Holdings Corp, operating under the ticker PHCI on the OTC exchange, is classified under the SIC code 8742, which pertains to management consulting services. The company, incorporated in Nevada, has been involved in various consulting activities and has undergone name changes in the past, previously known as Panamera Healthcare Corp.

What the Filing Says

The SEC filing states, "Due to this, the Company is in the process of restating the Non-Reliance Periods in an amendment to its previously filed periodic report, in its Annual Report on Form 10-K for the fiscal year ended July 31, 2025, and will file the related 10-K as soon as practicable." This indicates that the company is taking steps to correct its financial reporting and ensure compliance with regulatory standards.

Impact

This situation may affect various stakeholders, including investors, employees, and clients, as the credibility of the company's financial statements is called into question. The management consulting industry may also experience ripple effects as competitors observe how Panamera navigates this challenge. The company's independent registered public accounting firm has been involved in discussions regarding these matters, indicating the seriousness of the situation.

What's Next

The filing does not specify what happens next, but it indicates that Panamera Holdings is working on amendments to its financial reports. The company is expected to file the related 10-K report as soon as it is ready, which will provide further clarity on the financial restatement and its implications.