November 15, 2021
Bloomberg quoted Vice Chairman and Capital Markets Leader David Bukzin in an article about new SEC regulations requiring SPACs to restate their financial results.
Bloomberg
Excerpt:
According to Marcum, the SEC won’t require SPACs to amend their old 10Qs, as is the case with typical “Big R” restatements. Instead, SPACs can offer details about the corrections in their next filing, Bukzin said the SEC told his firm. It is unclear how the regulator will require corrections for past annual financial statements.
