Non-Reliance of Financial Report (Form 8-K)

Item 4.02 Non-reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On May 30, 2025, the Board of Directors of Rivulet Entertainment, Inc. (the "Company"), following consultation with the Company's management and independent registered public accounting firm, Astra Audit & Advisory, LLC, concluded that certain of the Company's previously issued financial statements should no longer be relied upon due to a non-cash error identified in the accounting for the merger equity pre-payment.

The Misstatement relates solely to the accounting for the approximate $27 million equity pre-payment made to Rivulet Media in anticipation of the pending merger (as of June 30, 2024). Specifically, the Company recognized the equity transfer as an "asset purchase deposit" on its Consolidated Balance Sheet instead as an offset to equity. The correction, which will reduce total assets and equity by approximately $27 million (with no impact to the Consolidated Statement of Operations), will be made by restating the financial statements included in the Company's Form 10-KT that was filed with the Securities and Exchange Commission (the "SEC") on November 11, 2024. To facilitate the restatement, the Company plans to amend the relevant filing.