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Old 16.01.2021, 21:54
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Reporting SPAC ticker change

Hi.


I purchased a SPAC which had ticker T1 and ISIN number N1. Later when the acquisition was made, the ticker changed to T2 and ISIN number changed to N2.

How can this purchase and change be reported in the tax system?


Many thanks,






Special Purpose Acquisition Company (SPAC)

https://www.investopedia.com/terms/s/spac.asp
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Old 17.01.2021, 23:28
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Re: Reporting SPAC ticker change

Hi!
I am in a similar situation, although the 2 SPACs I purchased were still in 2020 with merger date to be in 2021. I guess I will put the current ticker T1 in my 2020 declaration, and next year will probably put the sale of the number of shares on the merger date, and then the purchase with the new ticker T2 to reflect the change.

Do you have common stock or warrants?
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Old 14.02.2021, 12:17
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Re: Reporting SPAC ticker change

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Hi!
I am in a similar situation, although the 2 SPACs I purchased were still in 2020 with merger date to be in 2021. I guess I will put the current ticker T1 in my 2020 declaration, and next year will probably put the sale of the number of shares on the merger date, and then the purchase with the new ticker T2 to reflect the change.

Do you have common stock or warrants?

Thank you for your response.

Sorry for my late reply. I have common stock only.


Many thanks!!
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Old 16.02.2021, 22:34
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Re: Reporting SPAC ticker change

If you put old ISIN on sale, you will have to pay CGT. Right?

So, can we just report the original buy with new ticker symbol??
That will be neat and it would also be correct.

??
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