FirstMark Horizon Acquisition said it will amend and refile its annual report for 2020 to follow the SEC’s statement on accounting for warrants as liabilities.
Scores of SPACs have told investors they can no longer rely on prior financial reports after the SEC in a staff statement April 12 said warrants should not be treated as assets.
The tech-focused SPAC raised $360M in an upsized IPO in October. Read more.
