Recharge Acquisition today in an 8-K filing said it would amend previous financial statements to account for its warrants as derviative liabilities. The move follows the SEC’s April statement that SPAC warrants should not be treated as equity instruments.
Scores of SPACs have announced their intent to amend and refile financial statements in the month since the SEC’s announcement.
Recharge raised $200 million in an October IPO to target opportunities in the C-store sector. Read more.
