Quantum FinTech Acquisition in an 8-K filing said it would amend previous financial statements to account for its warrants as liabilities, following the SEC’s statement last month that the instruments should not be treated as assets.
Quantum said it does not expect the changes will have any impact on its cash position and cash held in the trust account.
The SPAC raised $175 million in a February IPO to target businesses offering technology services to the financial sector. Read more.
