SEC Fines IT Co. Over SPAC-Linked Accounting Shortfalls

By Sarah Jarvis (December 20, 2022, 10:12 PM EST) -- The U.S. Securities and Exchange Commission has ordered Exela Technologies Inc. and its former chief financial officer to pay a combined $185,000 to settle the agency's allegations the information tech company didn't properly account for certain transactions, including a merger with a special purpose acquisition company, or SPAC, and its exposure to a shareholder lawsuit....

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