Thunder Bridge Acquisition II Will Restate 2 Years Worth of Financial Reports

Thunder Bridge Acquisition

Thunder Bridge Acquisition II in an 8-K filing said it would amend and refile its financial statements going back to 2019 to reflect new accounting for warrants.

The move follows the SEC’s statement last month that warrants should not be treated as equity assets but as derivative liabilities.

Thunder Bridge said the restated financials did not have any effect on its previously reported operating expenses, cash flows or cash. Read more.

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