Foley Trasimene Acquisition II in an 8-K filing said it would amend and refile financial statementys, including its annual report for 2020, to comply with the SEC’s position on accounting for warrants.
The SPAC joins the ranks of scores of blank-check companies telling investors they can no longer rely on previous financial statements after the SEC rocked the market with an April 12 staff comment that warrants should be treated as liabilities on the balance sheet, not equity instruments.
Foley Trasimene II completed a merger with Paysafe in March. Read more.
