Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32)
Mar 30, 2022
The staff paper prepared for the IFRS Interpretations Committee meeting lays out two contrasting views on whether, and under what circumstances, SPACs should classify public shares as financial liabilities or as equity. It concludes, however, that this matter is part of a broader practice issue on the effect of shareholder elections on the characteristics of specific instruments.
Review the Staff Paper on the IASB's website.
