SEC Probes SPAC-Backed ATI Physical Therapy on Earnings Guidance
The U.S. Securities and Exchange Commission headquarters in Washington, D.C.
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ATI Physical Therapy Inc., a rehabilitation services firm that merged with a blank-check company earlier this year, said it received an information request from federal securities regulators tied to an earnings forecast.
The Securities and Exchange Commission asked ATI on Nov. 5 for documents and financial information tied to the company’s July 26 earnings projection, which drastically cut earlier guidance, according to a Wednesday regulatory filing. The Bolingbrook, Illinois-based company said it’s cooperating with the request.