Roman DBDR Tech Acquisition in an 8-K said it will amend and refile its annual report for 2020 to align with the SEC’s statement last month on treating warrants as liabilities.
Scores of SPACs have taken similar steps, informing shareholders to not rely on previous financial statements as the blank-check companies change their accounting practices for the instruments.
Roman DBDR is in a pending merger with CompoSecure Holdings. The transaction reflects a pro forma enterprise value for the company of approximately $1.2 billion.
CompoSecure provides payment cards and cryptocurrency, digital asset storage and security solutions. Read more.
