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stringfellow

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23/04/21

12:01

Post #: 52676951
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Originally posted by camban: ↑

Big regulatory changes underway for SPACs at the moment, throwing a spanner in the works for many. Quite a few already established SPACs have had to delay the release of earnings (10-K filings for last year etc) while they work through the changes to how accounting rules are applied, especially in relation to warrants held by the pre-merger members of SPACs (i.e. SPAC founders) - in many cases leading to the re-statement of financials and corresponding delays in doing so. It has been a bit of the wild wild West up to this point.

SPAC Boom Faces New SEC Threat With Accounting Crackdown (yahoo.com)

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thx. that's why we have Mona. that appears to add some time although it looks like rules (mostly) for filing new spacs. always a fluid game. from im3s POV, if we choose ones (already going) without warrants, neednt affect us. IMO.

MNS Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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