Khosla Ventures Acquisition III in an 8-K filing said it will restate financials through the quarter ended March 31 and going forward will classify its warrants as liabilities. The SPAC also said it had fired Marcum as its accounting firm and hired BDO as the new auditors. Read more.
Related Posts
Lordstown Motors May Shut Down 8 Months After SPAC Merger: Report
The company, which was once held up as a savior by former President Donald Trump, has been under investigation by the SEC since February. The investigation is focused on the company's October merger with DiamondPeak Holdings, as well as preorders for its vehicles.
Investcorp Europe I Files Proxy for Deadline Extension
Although the sponsor has the option of securing an automatic three-month extension by depositing $3.45 million into trust, the SPAC said its sponsor "has no intention" of exercising that option.
Bright Lights Amends $200M IPO Prospectus
The intended raise remains unchanged from the SPAC's initial registration last month.
Genesis Growth Tech Files Proxy on MindMaze Deal
MindMaze is a digital therapeutics firm. The SPAC is obligated to pay MindMaze the $21 million purchase price by May 31.