Panamera Holdings to Restate Financial Statements Over Unrecorded Employment Obligations

• Panamera Holdings will restate financial statements following its October 26, 2026 determination that previously unrecorded employment obligations made them unreliable.
• Non-reliance covers audited fiscal 2022–2025 statements and unaudited quarterly statements from April 30, 2022 through April 30, 2026.
• The omitted employment agreement prompted a former vice president's March 1, 2024 breach-of-contract lawsuit, also absent from required disclosures.
• An August 17, 2026 settlement requires $650,000 in installments through August 2027, without admission of liability.
• Preliminary corrections would increase accrued liabilities by $509,000 at July 31, 2025, excluding payroll taxes, legal fees and other items under evaluation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Panamera Holdings Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001640334-26-001688), on October 26, 2026, and is solely responsible for the information contained therein.