Appendix D — SPAC Considerations D.1 Background D.2 SEC Filing Requirements D.3 Proxy/Registration Statement Requirements D.3.1 Financial Statement Requirements D.3.2 Age of Financial Statements D.3.3 Pro Forma Financial Information D.3.4 Other Financial and Nonfinancial Information D.4 Identifying the Accounting Acquirer D.5 Financial Statement Presentation for Reverse Recapitalizations D.6 Accounting for Shares and Warrants Issued by a SPAC D.6.1 Unit of Account D.6.2 Classification of Class A Shares D.6.3 Classification of Class B Shares D.6.4 Public Warrants D.6.5 Private Placement Warrants D.6.6 Accounting for Issuance Costs D.6.7 SPAC Backstop Arrangements D.7 Classifying Share-Settleable Earn-Out Arrangements D.7.1 Unit of Account D.7.2 Indexation D.7.3 Equity Classification Conditions D.7.4 Other Considerations D.8 Share-Based Payment Considerations D.9 Proxy/Registration Statement Filing and Review Process D.9.1 SEC Review Process D.9.2 Availability of Nonpublic Review D.10 Requirements Related to the Super Form 8-K D.11 Ongoing Reporting Requirements D.12 Internal Control Over Financial Reporting and Disclosure Controls and Procedures