Artius Acquisition in an 8-K filing today told shareholders not to rely on its previously filed annual report. Instead, the SPAc said it would submit an amended report to the SEC following the regulator’s statement April 12 that warrants should be listed as liabilities for accounting purposes, not equity instruments, as has been customary. The change will have no material impact on operations, the SPAC saaid in the filing.
The SPAC is one of dozens of blank-check firms that have huddled with their accountants and announced plans to file amended financials after SEC staff made the announcement.
Artius is in a pending $925 million merger with Origin Materials. Read more.
