The quick answer is that a secondary transaction should not impact your ASC 718 reporting. However, going forward, It potentially can impact your 409a.
Kruze Consulting's VP of FP&A, Healy Jones, answers the question 'Do Startups need a Discounted Cash Flow Valuation (DCF) for a venture capital round?'.
If you are a startup CEO who has just raised funding, this post will help you understand the financial information your VC’s will expect to see from you.