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  "documentTitle": "Merging with SPAC",
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  "authorName": "Mayer Brown, PwC",
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      "text": "What does this mean? For some issuers, it may require a restatement, or additional disclosure, and it will be a speed bump",
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      "text": "Statement from SEC Office of Chief Accountant on the accounting treatment of SPAC warrants, and whether warrants containing certain provisions should be treated as a liability for accounting purposes instead as equity",
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      "text": "What does this mean? For some issuers, it may require a restatement, or additional disclosure, and it will be a speed bump",
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      "text": "Many SPAC public warrants contain provisions relating to adjustments in the case of tender offers or exchange offers, allowing warrant holders to elect to receive cash for their warrants (this would be outside of the issuer's control)—because of this provision, the SEC Staff believes that the warrants should be treated as a liability measured at fair value, with changes in fair value reported each period in earnings",
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      "text": "Does warrant contain provisions that provide for potential changes to the settlement amounts that depend upon the characteristics of the holder? This may be true of certain private placement warrants issued by SPACs",
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