Will SPAC Restatement Wave Trigger Shareholder Litigation?

By Elaine Harwood, Steven McBride and Laura Simmons (June 22, 2021, 5:48 PM EDT) -- On April 12, the U.S. Securities and Exchange Commission's acting director of the Division of Corporation Finance, John Coates, and acting chief accountant, Paul Munter, issued a joint statement highlighting concerns about the accounting treatment of warrants issued in conjunction with special purpose acquisition companies, or SPACs.[1]...

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