Posts
July 13 2021
Client Alert: NY HERO Act Model Protocols and Prevention Plans Now Available
As detailed in our previous Client Alert, the New York Health and Essential Rights Act (NY HERO Act) mandates that all private sector employers adopt workplace health and safety protections in an effort to protect employees during a future airborne infectious disease outbreak. Specifically, the NY HERO Act requires private sector employers in New York to adopt a health and safety plan to protect employees from exposure to airborne infectious diseases (a “Prevention Plan”).
Click here to read the alert.
July 09 2021
Benchmark’s Bill Gurley says SPACs are ‘remarkably cheap compared to mispriced IPOs’
Nextdoor’s decision to go public through a special purpose acquisition company was largely the result of favorable pricing compared with a traditional IPO, said Bill Gurley, a partner at Benchmark and an early investor in the neighborhood social network.
www.cnbc.com
July 09 2021
Crypto Exchange Bullish to Go Public in $9B Blank-Check Deal
Bullish, a cryptocurrency exchange company, said Friday it intended to go public through a merger with Far Peak Acquisition (FPAC) – Get Report, a special purpose acquisition company, in a deal valued at about $9 billion.
www.thestreet.com
July 08 2021
Equinox’s Merger Talks With Palihapitiya-Backed SPAC Have Ended
Equinox Holdings, the luxury gym operator popular among celebrities and financiers, is no longer in talks to go public through a merger with a blank-check company backed by investor Chamath Palihapitiya, according to people with knowledge of the matter.
www.bloomberg.com
July 08 2021
Client Alert: New Protections for NYC Fast Food Workers Now In Effect
As a result of two amendments to the New York City Fair Workweek Law that are now in effect, fast food employers are now prohibited from terminating or substantially reducing the hours of their fast food employees without providing an economic or job performance-related reason. The amendments also impose a progressive discipline requirement and prescribe a procedure for conducting economic-based layoffs or reductions in hours as well as employee recalls.
Click here to read the alert.
July 07 2021
Fitness IPO gives SPACs a work over
Mark Wahlberg’s fitness company has shown that the projections bandied around in SPAC mergers can sometimes prove conservative.
www.reuters.com
July 01 2021
Electric vehicle SPACs try to prove their worth to Wall Street as shares fall
Electric vehicle start-ups that went public through SPAC deals over the past year are trying to prove their worth to Wall Street as investors grow increasingly skeptical of their future and securities regulators scrutinize their books.
www.cnbc.com
June 30 2021
Four Palihapitiya-backed SPACs raise $880 mln in upsized public offerings
Four blank-check companies, backed by venture investor Chamath Palihapitiya, raised a total of $880 million in their upsized U.S. initial public offerings (IPOs) on Wednesday.
www.finance.yahoo.com