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BRIEF-Accelerate Audit Committee Concluded Balance Sheet As Of March 22 Should No Longer Be Relied Upon

reuters ·  Dec 3, 2021 06:20

Dec 3 (Reuters) - Accelerate Acquisition Corp AAQC.N :

* ACCELERATE ACQUISITION - AUDIT COMMITTEE CONCLUDED BALANCE SHEET AS OF MARCH 22 SHOULD NO LONGER BE RELIED UPON

* ACCELERATE ACQUISITION - AUDIT COMMITTEE CONCLUDED QTRLY STATEMENTS FOR PERIODS ENDED MARCH 31, 2021, JUNE 30, 2021, SEPT. 30, 2021 SHOULD NO LONGER BE RELIED UPON

* ACCELERATE ACQUISITION - CONCLUDED IT SHOULD RESTATE STATEMENTS TO CLASSIFY ALL CLASS A SHARES ISSUED IN FOR IPO IN TEMPORARY EQUITY

* ACCELERATE ACQUISITION - PLANS TO REFLECT RESTATEMENT OF TEMPORARY AND PERMANENT EQUITY FOR QUARTER ENDED MARCH 31, 2021, JUNE 30, 2021, SEPTEMBER 30, 2021

* ACCELERATE ACQUISITION - CONCLUDED MATERIAL WEAKNESS EXISTS IN INTERNAL CONTROL OVER FINANCIAL REPORTING AND DISCLOSURE CONTROLS AND PROCEDURES WERE NOT EFFECTIVE

Source text: [ Further company coverage: AAQC.N

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