Vertiv to Restate 2020 Statements Due to SEC’s SPAC Guidance

Vertiv doesn’t expect an impact on previously reported non-GAAP operating metrics for 2020 or 2021.

• Expects to recognize incremental 2020 non-operating expense of $140m-$160m
• Says there will be no impact on previously reported net cash flow
• NOTE: Vertiv in Dec. 2019 agreed to a combination with GS Acquisition Holdings
• NOTE: SPAC’s Restatement Is First Prompted by SEC’s Accounting Warning

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