CM Life Sciences, Inc. (NASDAQ:CMLF) today announced that it has filed with the Securities and Exchange Commission (SEC) an amended annual report on Form 10-K/A and a Form 8-K reporting the restatement of certain of its previously issued financial statements. The restatement was following a statement issued on April 12, 2021 by the Acting Director of the Division of Corporation Finance and the Acting Chief Accountant of the SEC relating to reporting considerations for warrants issued by special purpose acquisition companies like CM Life Sciences. After reviewing that SEC statement with its independent auditors, CM Life Sciences determined it was appropriate to treat its warrants for accounting purposes as derivative liabilities as compared to its historical treatment of the warrants as a component of equity. In light of such restatement, CM Life Sciences, after consultation with its independent auditors, concluded that the prior audited financial statements referenced in its annual report on Form 10-K should no longer be relied upon.
CM Life Sciences Announces Filing of Amended Annual Report on Form 10-K Relating to Restatement of Financial Statements in Accordance with Recent SEC Guidance
May 05, 2021
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