Yellowstone Acquisition said it has filed for a five-day extension to complete the restatement of audited financial statements for the year ended Dec. 31. The restatement is required due to the pronouncement by the SEC in April that SPACs must account for both publicly traded warrants and warrants purchased by the sponsor as liabilities rather than equity instruments.
The SPAC raised $136 million in a December IPO to target the homebuilding, manufacturing serving the homebuilding market, financial services and commercial real estate industries. Read more.
