SPACs Trip Up on Accounting Requirements, Reporting Deadlines

Smart glass maker View Inc. in early March told the market it would miss the deadline to file its annual 10-K. By the end of the month, its problems mounted. It wouldn’t have its regulator-required financial statement ready until May, so it could have time to formally correct significant errors in past financial statements.

Mistakes in how it underreported liabilities for customer warranties would force it to restate its 2019 and 2020 10-Ks as well as the first quarter of 2021, the window maker said.

View is part of a subset of companies that have drawn increased regulator scrutiny ...