KludeIn I Acquisition said in an 8-K filing that it would restate certain financial forms to change its accounting practices for warrants — a move in keeping with the SEC’s statement last month that the instruments should not be treated as equity assets.
Scores of SPACs have made similar announcements since the SEC’s April 12 staff statement.
KludeIn I said it does not expect any of the changes will have any impact on its cash position and cash held in the trust account. Read more.
