Lefteris Acquisition Corp (LFTRU)

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.

Karl Roessner has recently joined the advisory board of Wizest, a next-generation investing platform. Mr. Roessner is currently the CEO of Lefteris Acquisition Corp. (NASDAQ: LFTRU), a fintech-focused special purpose acquisition corporation. Prior to joining Lefteris, he served as the CEO of E*TRADE from 2016-2019 and as the General Counsel of E*TRADE from 2009 to 2016. Widely seen as an industry thought leader, Karl is particularly known for his deep expertise in electronic trading, investing, and financial services.

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

Lefteris Acquisition Corp. (Nasdaq: LFTRU) (the "Company") announced that, commencing December 15, 2020, holders of the units sold in the Company's initial public offering of 20,709,894 units, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on the Nasdaq Stock Market ("Nasdaq") under the symbol "LFTRU," and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols "LFTR" and "LFTRW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and redeemable warrants.