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Rodgers Silicon Valley Acquisition Corporation: New SEC Guidance Relating to SPAC Warrants, Its Effect on the Company's Periodic Filings and Compliance with Nasdaq Rules – Consumer Electronics Net


5 hours ago
WOODSIDE, Calif.–(BUSINESS WIRE)–Rodgers Silicon Valley Acquisition Corporation (the “Company”) announced today that, as the result of the U.S. Securities and Exchange Commission’s (“SEC’s”) recent Staff Statement, released on April 12, 2021 relating to the accounting treatment of certain warrants issued by special purpose acquisition companies (“SPACs”), the Company has completed an analysis of the effect of the SEC’s guidance on the accounting treatment of its warrants.
The Company’s conclusion based upon the SEC’s recent guidance has resulted in a corrective disclosure, approved by its auditor, Marcum LLP (“Marcum”). This disclosure is described on Form-8K (“the Filing”) filed today, and will result in a restatement of the Company’s Form-10K for the fiscal year ended 2020. Both the Company’s original Form-10K and restated Form-10KA were timely filed according to Nasdaq rules, and both rece ....

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CORRECTING and REPLACING Rodgers Silicon Valley Acquisition Corporation: New SEC Guidance Relating to SPAC Warrants, Its Effect on the Company's Periodic Filings and Compliance with Nasdaq Rules – Consumer Electronics Net


3 hours ago
WOODSIDE, Calif.–(BUSINESS WIRE)–Second paragraph, third sentence of release should read: The Company’s original Form-10K was timely filed according to Nasdaq rules, and both filings have or will have received the approval of Marcum with respect to the then-current SEC guidance.
The updated release reads:
RODGERS SILICON VALLEY ACQUISITION CORPORATION: NEW SEC GUIDANCE RELATING TO SPAC WARRANTS, ITS EFFECT ON THE COMPANY’S PERIODIC FILINGS AND COMPLIANCE WITH NASDAQ RULES
Rodgers Silicon Valley Acquisition Corporation (the “Company”) announced today that, as the result of the U.S. Securities and Exchange Commission’s (“SEC’s”) recent Staff Statement, released on April 12, 2021 relating to the accounting treatment of certain warrants issued by special purpose acquisition companies (“SPACs”), the Company has completed an analysis of the effect of the SEC’s guidance on the accounting treatment of it ....

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Lifshitz Law Firm, P.C. Announces Investigation of ORBC, RSVA, TPCO, and LATN


Lifshitz Law Firm, P.C. Announces Investigation of ORBC, RSVA, TPCO, and LATN
04/17/2021 | 11:16pm EDT
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ORBCOMM Inc. (NASDAQ:ORBC)        
Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of ORBC to GI Partners for $11.50 per share.
If you are a investor, and would like additional information about our investigation, please complete the
Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVA)
Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the proposed merger of RSVA and Enovix Corporation.
If you are a investor, and would like additional information about our investigation, please complete the ....

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