In Bloomberg Law, Paul Tropp Addresses SPAC Warrant Restatements and IPOs
In Bloomberg Law, capital markets partner Paul Tropp (New York) provides insights into U.S. Securities and Exchange Commission guidance on how special purpose acquisition companies’ warrants needed to be accounted for as liabilities, not equity, forced hundreds of SPACs to make financial restatements and revisions at levels not seen in over a decade.
A separate Bloomberg Law piece reviews that the SPAC market explosion may be slowing and includes comments from Paul, noting the IPO market remains active.