SEC Addresses Accounting Treatment for SPAC Warrants
By EsqSocial Corporation 21/04/21
On April 12, 2021, the U.S. Securities and Exchange Commission (SEC) published a joint statement by John Coates, Acting Director of the Division of Corporation Finance, and Paul Munter, Acting Chief Accountant, which provides their view on the accounting treatment of warrants issued by special purpose acquisition companies (SPACs). This statement, titled Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (SPACs),1 suggests that...
By: Wilson Sonsini Goodrich & Rosati