Posts
November 04 2021
Client Alert: OSHA Issues Emergency Temporary Standard Regarding COVID-19 Vaccination Requirements For Employers with 100+ Employees
In accordance with a directive from President Biden to minimize the risk of COVID-19 transmission in the workplace, this morning, the Occupational Safety and Health Administration (OSHA) issued an Emergency Temporary Standard requiring that, with limited exceptions, private employers with 100 or more employees must require that employees either be fully vaccinated against COVID-19 or otherwise provide a negative COVID-19 test on at least a weekly basis (the “100+ ETS”).
Click here to read the alert.
November 04 2021
Client Alert: DOL Issues Final Rule on Revised 80/20 Rule for Tipped Employees
On October 29, 2021, the Department of Labor issued a Final Rule regarding tip credit regulations under the Fair Labor Standards Act (FLSA). The Final Rule is effective December 28, 2021.
Click here to read the alert.
November 03 2021
SPAC issuance jumps to the highest since March as deals rush to market before year-end
The SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges. A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to SPACInsider and CNBC calculations.
www.cnbc.com
November 03 2021
NBA star Kevin Durant backs $200 million SPAC
Basketball star Kevin Durant is betting on a blank check company. The Brooklyn Nets forward will serve as the co-CEO of Infinite Acquisition Corp, which filed for an initial public offering for $200 million on Wednesday. Infinite will sell 20 million shares at $10 and return money to investors if it doesn’t acquire a company to take public within 24 months. Among the targets: sports, e-commerce, and cryptocurrency companies.
www.cnbc.com
November 02 2021
EF Hutton, the company behind Trump SPAC deal, launches its own SPAC
Less than two weeks after the stock price of a special purpose acquisitions company linked to former president Donald Trump jumped more than 1,000% in just two days before falling back to earth, the company behind that deal is launching its own SPAC.
www.finance.yahoo.com
November 01 2021
Once Taboo, SPACs Are Now the Main Driver of Fundraising and New Growth in Cannabis
For U.S. cannabis companies looking to raise capital for operations that deal in a federally illegal substance, IPOs on American markets aren’t a viable option. Other traditional capital sources—banks, for example—are equally off limits. The constraints set up a perfect environment for special purpose acquisition companies (SPACs) to thrive—and thriving they are.
www.prnewswire.com
October 27 2021
RTP Global’s Gareth Jefferies Expects More SPACs in U.K. in Wake of Eased Regulations
In August, the U.K. Financial Conduct Authority eased rules governing public listings on the London Stock Exchange via special-purpose acquisition companies—as long as they build in some protections for investors.
www.wsj.com
October 27 2021
Ex-Barclays Banker Azar Sees More SPAC Scrutiny After Crackdown
Former Barclays Plc banker Makram Azar, who listed his special-purpose acquisition company last year to scout for European tech unicorns, warned SPACs could come under yet more scrutiny by U.S. regulators after a crackdown earlier this year cooled off the market.
www.bloomberg.com