Avista Public Acquisition Corp. II restates prior financials over share classification error

OmniAb, Inc.

Restating audited balance sheet as of Aug 12, 2021 and Q3 2021 financials due to classification error on redeemable Class A ordinary shares.
All Class A ordinary shares subject to possible redemption reclassified from permanent to temporary equity.
Material weakness identified in internal control over financial reporting; remediation plan to be filed in amended Q3 10-Q/A.
Restatement has no impact on cash position or trust account balance.

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