![](https://www.xbrl.org/wp-content/uploads/2021/05/Correcting-mistakes-errors-errata-Adobe-2105-620x465-140x105.jpeg)
Wave of restatements as SPACs resolve accounting issues
Special Purpose Acquisition Companies, or SPACs, are generating a surge of restatements correcting past financial reports, following last month’s accounting clarification from the US Securities and Exchange Commission (SEC).