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Movella Holdings Inc
3535 Executive Terminal Drive, Suite 110
HENDERSON, NV  89052  United States Ticker: MVLAMVLA
On November 10, 2023, management of Movella Holdings Inc. concluded that the previously issued unaudited financial statements for the periods ended March 31, 2023, and June 30, 2023 should no longer be relied upon and should be restated. These restatements are necessary to correct two separate items. The first item relates to the accounting treatment for a Directors and Officers liability insurance tail policy, and the second item relates to the erroneous recognition of revenue from a contract with a customer in the three months ended June 30, 2023, which results in an overstatement of revenue on the condensed consolidated unaudited statements of operations.
Business Summary
Movella Holdings Inc. is a full-stack provider of integrated sensors, software, and analytics that enable the digitization of movement. The Company powers real-time character movement in digital environments, transforms movement into digital data that provides actionable insights, renders digitized movement to enable the creation of sophisticated animated content, creates new forms of monetizable intellectual property (IP) with biomechanical digital content, and provides spatial movement orientation and positioning data. Its full-stack product portfolio includes differentiated sensor fusion modules, motion capture systems, visualization software, and artificial intelligence (AI) cloud analytics enabled by its technologies. The Company’s sensors and software are used by global motion picture studios, video game publishers, and virtual creators for three-dimensional (3D) character animation, and other applications, such as virtual concerts.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202312/31/2022YesYes---

Industries
SIC Code Description
7372 Prepackaged software
7374 Computer processing and data preparation and processing services
7371 Computer programming services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Interim Chief Executive Officer Eric C.Salzman 55 12/31/2023 2/10/2023
Chief Financial Officer StephenSmith 64 2/10/2023 2/10/2023
Director David H.Chung 55 2/10/2023 12/1/2020
4 additional Officers and Directors records available in full report.

General Information
Number of Employees: 241 (As of 6/30/2023)
Outstanding Shares: 50,907,431 (As of 8/9/2023)
Shareholders: 42
Stock Exchange: OTC


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Friday, April 26, 2024