GS Acquisition Holdings II said in an 8-K filed today that it will amend and refile three financial reports, including its 10-K for last year, following the SEC’s statement earlier this month on account for warrants.
The SPAC is the latest blank-check company to inform shareholders that previous financial statements should no be relied upon due to the new accounting for warrants as derivative liabilities rather than equity instruments.
The SPAC raised $700 million in a June 2020 IPO to target “Diversified Industrial, Healthcare, Technology, Media and Telecom, and Alternative Asset Management sectors.” Read more.
