SPACs: The Securities and Exchange Commission put the booming SPAC market on ice with its April 12 statement, arguing that some SPAC warrants should be accounted for as liabilities. The move could cost managers as they revaluate previous financial reports, have them re-audited and potentially restate them. But will it affect valuations in the long run? I spoke with Kroll’s David Larsen, valuations specialist, to find out.
Email prepared by Graham Bippart