TL;DR
BurgerFi International Inc. postponed its conference call for the fourth quarter and full year 2020 due to the SEC's newly issued statement on accounting and reporting considerations. The postponement is to ensure certain aspects of its 2020 audited financial statements are classified correctly according to the newly issued guidelines.
The postponement is a result of the Division of Corporate Finance of the Securities and Exchange Commission (“SEC”) having issued a “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies” on April 12, 2021. As a result of this Staff Statement, BurgerFi will need additional time to ensure certain aspects of its 2020 audited financial statements to be included in BurgerFi’s Annual Report on Form 10-K, which the Company intends to file with the SEC and financial statements included in previous reports filed with the SEC are classified correctly according to the newly issued guidelines.
BurgerFi will provide updated timing for its fourth quarter and full year 2020 conference call at a later date.
In this story
This story was originally published in Franchising.com on April 15, 2021. Burnaze summarizes and links to the original reporting.
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