Posts
February 23 2022
PowerUp Acquisition raises $250M for gaming SPAC with Jack Tretton and Bruce Hack
Are gaming SPACs back? After a lull because of a choppy stock market, PowerUp Acquisition announced last week it was raising $250 million in an initial public offering for its special purpose acquisition company (SPAC).
www.venturebeat.com
February 23 2022
Conway SPAC Seeks Euro Soccer Club Despite Public Market Doubts
Counter Press Acquisition (CPA), the SPAC formed by Hollywood financier Paul Conway and former Tampa Bay Rays executive Michael Kalt (Rays owner Randy Frankel, Los Angeles Dodgers president of baseball operations Andrew Friedman and Angel City Football Club co-founder Julie Uhrman are also part of the management group), has set out on its mission to buy a material minority stake in a European football club.
www.sports.yahoo.com
February 22 2022
Trump-linked Digital World’s shares surge after Truth Social app launch
Shares of Digital World, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, surged nearly 30% in premarket trading on Tuesday as the app climbed the charts after its debut on Apple’s App Store.
www.cnbc.com
February 16 2022
Client Alert: New York Publishes Model Poster In Connection With Newly-Expanded Whistleblower Law
Per our previous Client Alert, recent amendments to New York’s whistleblower law have drastically expanded protections for whistleblowers.
Click here to read the alert.
February 11 2022
Client Alert: Certain NYC Condos & Co-ops Must File Affidavit by April 15 and Pay Prevailing Wage to Building Service Employees to be Eligible for Tax Abatement
A new law will require most NYC condos and co-ops to pay building service employees the prevailing wage in order for their shareholders or unit owners to be eligible for tax abatements. The prevailing wage is comprised of fixed minimum base and supplemental hourly rates which correspond to a building service employee’s respective job duties and job title. Building service employees are those who are regularly employed at a building for at least eight hours per week for its care and maintenance, and include but are not limited to watchmen, guards, doormen, building cleaners, porters, handymen, janitors, gardeners, groundskeepers and elevator operators.
Click here to read the alert.
February 09 2022
Client Alert: NYS Relaxes Mask Mandate Starting Tomorrow
Governor Hochul has announced that effective tomorrow, February 10, 2022, businesses in NYS no longer need to require a “fully vaccinated environment” in order to allow individuals to go maskless. As you are probably aware, the current rule is that either everyone be fully vaccinated or everyone (regardless of vaccination status) has to wear a mask. Starting tomorrow, only unvaccinated individuals must wear a mask indoors.
Click here to read the alert.
February 07 2022
First African Cannabis SPAC Planned by Cilo Cybin Founder Theron
Africa’s first cannabis-focused blank-check company is set to list later this year with a view to buying companies in the fledgling industry alongside genetics and wearable health-device companies in the U.S. and South Africa.
www.bloomberg.com
February 06 2022
Analysis: Singapore bets on niche SPAC listings to capture tech boom
After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.
www.reuters.com