Posts
July 27 2021
Britain eases SPAC rules as global watchdog puts sector on watch
Britain has eased rules for so-called special purpose acquisition companies (SPACs) to attract more listings to London, just as global regulators have put a watch on SPACs, which may already be peaking in popularity.
www.reuters.com
July 27 2021
Client Alert: Changes to NYC Law on Consideration of Criminal History Effective July 29
Effective July 29, 2021, amendments to the NYC Fair Chance Act (FCA) will expand employment protections for job applicants and employees with criminal histories. Most notably, the amendments expand the FCA’s protection to job applicants and employees with pending arrests and criminal accusations and to existing employees with arrests and criminal convictions during employment, as well as to independent contractors.
Click here to read the alert.
July 21 2021
Client Alert: New NYC Biometric Privacy Law Now in Effect
New York City’s new “Biometric Identifier Information” law (“BII Law”) is now in effect and restricts the collection, use and sale of “biometric identifier information” by businesses in New York City. Biometric identifiers include fingerprints, retina scans, hand print scans, facial recognition, voice identification, or any other physical or biological trait that would serve to identify an individual.
Click here to read the alert.
July 19 2021
Ackman Abandons Universal Music SPAC Deal After SEC Backlash
Bill Ackman will buy a stake in Universal Music Group with his hedge fund rather than his blank-check company after opposition from investors and U.S. regulators.
www.bloomberg.com
July 19 2021
Kin Insurance to Go Public Via Matt Higgins SPAC Deal
Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check firm led by Matt Higgins, a longtime investor who has appeared as a “Shark Tank” judge.
www.bloomberg.com
July 19 2021
Gelesis to take its stomach-filling weight loss capsule public in $1.3B SPAC merger
Gelesis’ flagship technology may be designed to help people slim down, but the device maker itself is doing anything but, as the company makes plans to significantly bulk up its market standing and valuation through a proposed reverse merger with special purpose acquisition company Capstar.
www.fiercebiotech.com
July 19 2021
Italy’s Zegna to list in the U.S. with $3.2 bln SPAC deal
Italian luxury group Ermenegildo Zegna will list in New York by combining with a U.S. investment vehicle, giving the menswear company an enterprise value of $3.2 billion and helping it expand in Asia and the United States.
www.reuters.com
July 19 2021
Investors drop out of Momentus SPAC deal
Investors accounting for more than half the money in a funding round concurrent with in-space transportation company Momentus’s merger with a special-purpose acquisition company (SPAC) dropped out of the deal when given the opportunity by a settlement with the Securities and Exchange Commission.
www.spacenews.com