Current Report Filing (8-k)
June 15 2021 - 5:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2021
TURMERIC ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
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Cayman Islands
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001-39624
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98-1555727
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(State or other jurisdiction
of incorporation or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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450 Kendall St
Cambridge, MA
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02142
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(Address of principal executive offices)
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(Zip Code)
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(617) 425 9200
Registrants telephone number, including area code
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-third of one redeemable warrant
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TMPMU
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The Nasdaq Capital Markets
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Class A Ordinary Shares included as part of the units
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TMPM
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The Nasdaq Capital Markets
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Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
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TMPMW
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The Nasdaq Capital Markets
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 4.02 Non-Reliance on Previously Issued Financial
Statements or a Related Audit Report or Completed Interim Review.
On April 12, 2021, the staff of the Securities and Exchange
Commission (the SEC) issued a public statement entitled Staff Statement on Accounting and Reporting Considerations for Warrants issued by Special Purpose Acquisition Companies (SPACs) (the Statement).
In the Statement, the SEC staff expressed its view that certain terms and conditions common to SPAC warrants may require the warrants to be classified as liabilities on the SPACs balance sheet as opposed to equity. Since issuance on
October 20, 2020 (the IPO Date), the outstanding warrants (Warrants) to purchase ordinary shares of Turmeric Acquisition Corp. (the Company) were accounted for as equity within the Companys financial
statements, and after discussion and evaluation, including with the Companys independent registered public accounting firm, WithumSmith+Brown, PC (Withum), the Company has concluded that its warrants should be presented as
liabilities as of the IPO Date reported at fair value with subsequent fair value remeasurement at each reporting period.
On June 12,
2021, the Audit Committee of the Board of Directors of the Company concluded, after discussion with the Companys management, that the Companys financial statements for the period from August 28, 2020 (Inception) through
December 31, 2020 (the Non-Reliance Period) as included in the Companys Annual Report on Form 10-K for the year ended December 31, 2020 filed
with the SEC on March 31, 2021 (the Original Form 10-K) should no longer be relied upon due to changes required to reclassify the Warrants as liabilities to align with the requirements set
forth in the Statement. As soon as practicable, the Company will file an amendment to its Original Form 10-K, which will include the restated audited financial statements for the
Non-Reliance Period. In addition, the audit report of Withum included in the Original Form 10-K should no longer be relied upon.
Similarly, press releases, earnings releases and investor presentations or other communications describing the Companys financial
statements and other related financial information covering the Non-Reliance Period should no longer be relied upon.
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.
Dated: June 15, 2021
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TURMERIC ACQUISITION CORP.
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By:
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/s/ Luke Evnin
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Name: Luke Evnin
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Title: Chief Executive Officer
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