Clarim Acquisition in an 8-K said the SEC’s April 12 statment on accounting for warrants prompted the reclassification to list the instruments as liabilities on the balance sheet.
The move follows the actions of nearly 100 other SPACs that have told investors not to rely on previously filed finsncial statments in the wake of the SEC’s position on warrants.
Clarim said the change does not affect its cash in trust.
The SPAC raised $287.5 million in a January IPO to target companies primarily within the consumer-facing e-commerce sector. Read more.
