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.

Total
0
Shares
Related Posts
IPO
Read More

Rising Dragon Registers for $50M IPO

The new SPAC said that, although it is not targeting companies in China, the company may consider a business combination with an entity or business with a physical presence or other significant ties to China, including Hong Kong and Macau, which may subject the post-business combination business to the laws, regulations and policies of China.