Posts  / #POST-249637
REDDIT

WhiteRock Lithium Flags C$19.7m Error in Its IPO Prospectus

S
Sep 11, 2026 · 12:24

* WhiteRock Lithium Corp (ASX: WLC) disclosed in its interim financial statements that its IPO prospectus, lodged with ASIC on 30 June 2026, contained a material accounting error.

* The prospectus originally recorded a C$19.878 million loss tied to a warrant remeasurement. The corrected figure is C$211,000, a difference of roughly C$19.7 million.

* The company says the error came from remeasuring warrants held by investors who did not participate in a discount-exercise offer, when only participating warrant holders should have been remeasured.

https://thelithiumceo.com/whiterock-ipo-prospectus-error/