Law360 (June 22, 2021, 5:48 PM EDT) -- On April 12, the U.S. Securities and Exchange Commission's acting director of the Division of Corporation Finance, John Coates, and acting chief accountant, Paul Munter, issued a joint statement highlighting concerns about the accounting treatment of warrants issued in conjunction with special purpose acquisition companies, or SPACs.[1] Initial funding for a SPAC often includes warrants that have typically been classified as equity in the SPAC's...