Posts
August 31 2021
Vice Media had for months been discussing going public via a number of SPACs yet today The Information reported that it had raised $85M (mostly from existing shareholders) and has tabled SPAC talks. Another blow for a SPAC market that seems to be taking punches from all sides recently.
www.thestreet.com
August 27 2021
49 Law Firms Unite and Push Back on Recent SPAC Litigation
In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing49 law firms have coalesced to release a response to these allegations.
www.spacinsider.com
August 18 2021
Client Alert: Further Updates To Key To NYC Program Requiring Proof Of Vaccination For Certain Indoor Activities
As per our previous client alert, the Key to NYC Program, which launched yesterday, will require individuals to show proof of vaccination in order to participate in indoor entertainment, recreation, dining and fitness.
Click here to read the alert.
August 17 2021
Ackman says SPAC does not need to be registered, pushes back on lawsuit
Billionaire hedge fund manager William Ackman said on Tuesday his blank-check acquisition company is not an investment firm that needs to register with U.S. regulators, pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities.
www.reuters.com
August 17 2021
SPAC Boom Creates Fresh Targets for Short Sellers, Activists
When Genius Sports Ltd. merged with a blank-check company earlier this year, it became part of the the hottest trend on Wall Street this side of meme stocks. Its deal to combine with the publicly traded DMY Technology Group Inc. II was a relatively easy way for the then-private Genius to list its shares on the New York Stock Exchange.
www.bloomberg.com
August 16 2021
Client Alert: NYC Updates Key To NYC Program Requiring Proof Of Vaccination For Certain Indoor Activities
As explained in our previous Client Alert, effective tomorrow, New York City will require individuals to show proof of vaccination in order to participate in indoor entertainment, recreation, dining and fitness.
Click here to read the alert.
August 16 2021
Investment platform OurCrowd in negotiations for $1 billion SPAC merger
Going public via a merger with a special purpose acquisition company (SPAC) has seen numerous Israeli hi-tech companies hit Wall Street over the past year. Jerusalem-based investment platform OurCrowd looks set to follow in their footsteps, with Calcalist learning that it is in negotiations with a SPAC traded on Nasdaq to go public at a valuation of over $1 billion.
www.calcalistech.com
August 16 2021
Tim Hortons China to Go Public in $1.7 Billion SPAC Deal
The company running the Chinese business of iconic Canadian coffee shop chain Tim Hortons agreed to go public through a merger with blank-check company Silver Crest Acquisition Corp.
www.bloomberg.com