UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 4.02(a) | Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. |
On November 15, 2021, Angel Pond Holdings Corporation (the “Company”, “we”, “our” or “us”) determined that the Company incorrectly classified the Class A ordinary shares issued in connection with the Company’s initial public offering (the “Class A Shares”) as permanent equity instead of temporary equity in the previously issued financial statements as of and for the periods ended May 20, 2021 and June 30, 2021 included in the Company’s current reports on Form 8-K and quarterly report on Form 10-Q filed with the SEC on May 26, 2021 and August 6, 2021, respectively (collectively, the “ Original Financial Statements”). As a result, the Class A Shares should be recorded as temporary equity on the balance sheet.
The Company’s accounting for the Class A shares as temporary equity instead of as permanent equity did not have any effect on the Company’s previously reported investments held in trust, operating expenses, cash flows or cash.
As a result, on November 15, 2021, after discussion with Malone Bailey, LLP, the Company’s independent registered public accounting firm, the Company’s audit committee and Board of Directors concluded that the Original Financial Statements should no longer be relied upon and are to be restated in order to correct the error. Accordingly, the Company will disclose the impact of such restatements on its Original Financial Statements in a Form 10-Q, which the Company will file with the SEC as soon as practicable.
The Company will restate the Original Financial Statements to, and will in its future financial statements, reflect the Class A Shares as temporary equity.
The Company’s audit committee has discussed the matters disclosed in this Item 4.02(a) with the Company’s independent registered public accounting firm, Malone Bailey, LLP.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Angel Pond Holdings Corporation | ||||||
| Date: November 15, 2021 | By: | /s/ Theodore Wang | ||||
| Name: Theodore Wang | ||||||
| Title: Chief Executive Officer | ||||||