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Overview
Special purpose acquisition companies (SPACs) and companies that are considering merging with them need to be aware of the accounting implications of the financial instruments issued by SPACs. Our Technical Line addresses the issuer’s accounting for financial instruments that SPACs typically issue during the four phases of their life cycles. It supplements our Technical Line , Navigating the requirements for merging with a special purpose acquisition company, which has been updated to address common accounting issues related to financial instruments and reflect additional SEC staff guidance and other developments.