Disruptive Acquisition in an 8-K filing said its audit committee determined the SPAC should change its accounting for warrants to liabilities rhather than equity assets. The move follows the SEC’s staff statement last month that warrants should be treated as derivative liabilities.
That statement sent scores of SPACs scrambling to refile financial statements.
Disruptive Acquisition I raised $250 million in a March IPO to target businesses primarily in the health and wellness, entertainment and consumer-facing technology sectors. Read more.
