JAWS Mustang restates prior financials over equity classification error

Jaws Mustang Acquisition Corp

Management and audit committee conclude prior financials should no longer be relied upon.
Error relates to classification of Class A ordinary shares subject to possible redemption as temporary vs permanent equity.
Restatement covers audited balance sheet as of Feb 4, 2021, and interim periods in Q1 and Q3 2021.
No impact on cash position or cash held in trust account.
Company will restate financial statements for affected periods in future filings.

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