Mallard Acquisition said it filed its annual report with the SEC yesterday, expecting that the move should bring it into compliance with the Nasdaq’s listing rule.
The SPAC said the filing delay was triggered by the SEC’s statement last week on new accounting for warrants. Mallard is among the many blank-check companies that have delayed filing financial statements with the regulator to evaluate the implications of treating warrants as liabilities on the balance sheet, rather than assets, as has been customary.
Mallard’s focus is on the value-added distribution, industrial specialty services, and differentiated manufacturing sectors. Read more.
