IGI restates 2020 and 2021 financial statements over SEC SPAC ruling
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IGI restates 2020 and 2021 financial statements over SEC SPAC ruling

Samuel Casey
15 October 2021
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IGI Holdings has restated its financial statements for 2020 and 2021 due to a statement issued by the US Securities and Exchange Commission (SEC) in relation to the treatment of special purpose acquisition company (SPAC) warrant instruments.

As a result, the carrier’s net income will reduce by $4.4mn for the 2020 year, and total liabilities will increase by $13.6mn.

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Samuel Casey
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