SPACs Churn Out Restatements, Again, to Correct Accounting

Scores of the blank-check companies that set the IPO market ablaze in 2020 are once again stumbling over accounting errors.

More than 160 SPACs have issued warnings in the last week that their past financial reports can’t be relied on, and that they have to redo, or restate, their financial statements, securities filings show. READ MORE