New Beginnings Acquisition said in an 8-K filing it would amend and refile its annual report for 2020 to comply with the SEC’s position in a statement last month that warrants should be treated as liabilities rather than assets.
Dozens of SPACs have taken the same steps following the April 12 staterment from the securities regulator.
New Beginnings is in a pending $822 million deal with Airspan Networks, which provides software and hardware for 5G network solutions. Read more.
