Omnichannel Acquisition today in an 8-K filing said it would amend its most recent annual report to reflect changes in the accounting for warrants as liabilities.
The decision brings the SPAC in alignment with the SEC’s April 12 statement that SPAC warrants should not be accounted for as equity instruments.
Omnichannel said the amended financials do not impact the company’s cash flow or liquidity.
The consumer-focused SPAC raised $206.5 million in a November IPO. Read more.
