Lefteris Acquisition Corp (LFTR)

The big shareholder groups in Lefteris Acquisition Corp. ( NASDAQ:LFTR ) have power over the company. Institutions...

In this article, we discuss the 10 best cheap SPACs to buy according to Reddit. If you want to skip our detailed analysis of these SPACs, go directly to the 5 Best Cheap SPACs to Buy According to Reddit. Special Purpose Acquisition Companies (SPACs), perhaps one of the biggest earners in the stock market over […]

As previously announced on May 21, 2021, Lefteris Acquisition Corp. (Nasdaq: LFTR) (the "Company") has determined to restate its 2020 financial statements (the "Non-Reliance Periods") in light of the U.S. Securities and Exchange Commission's (the "SEC") recently issued "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ("SPACs")" (the "Staff Statement"). This Staff Statement issued on April 12, 2021 informed market participants that warrants issued by SPACs and former SPACs may need to be reclassified as liabilities with non-cash fair value adjustments recorded in earnings at each reporting period. The Company had previously classified its issued warrants as equity. The Company currently expects that the reclassification of the warrants will have no impact on its historical liquidity, cash flows or revenues.

Every investor in Lefteris Acquisition Corp. ( NASDAQ:LFTR ) should be aware of the most powerful shareholder groups...

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