Home / Restatements / Kestrel Group Ltd

5/5Kestrel Group Ltd (KG): Non-reliance / restatement

Filed 2025-08-11 路 Form 8-K 路 Accession 0001104659-25-076249 micro

Market data

Price before filing: $28.61 (2025-08-08 close, split/dividend-adjusted)
Market cap at flag: $223.4M (2025-08-11) 路 Latest: $35.8M (2026-10-16)

What happened next

WindowKGSPYvs SPY
30 days-10.1%+2.4%-12.4%2025-09-10
90 days-35.6%+7.2%-42.8%2025-11-10
180 days-58.6%+9.5%-68.1%2026-02-09

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"On August 11, 2025, the Audit Committee of the Board of Directors of Kestrel Group Ltd (the "Company"), after consultation with management, Ernst & Young LLP ("EY"), the Company's independent registered public accounting firm, and Frazier & Deeter, LLC ("FD"), Kestrel Group, LLC's former independent registered public accounting firm, concluded that the previously issued consolidated financial statements of Kestrel..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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