Posts
December 09 2021
SEC chair Gensler seeks tougher SPAC disclosure, liability rules
Securities and Exchange Commission Chairman Gary Gensler on Thursday floated several potential SPAC rules he hopes the regulator will consider as it works to oversee one of Wall Street’s up-and-coming ways to take companies public.
www.cnbc.com
December 07 2021
Better HoldCo Inc., a mortgage and real estate startup backed by SoftBank Group Corp., is pushing back its public listing through a merger with a blank-check firm, according to people with knowledge of the matter, after amending the deal a day before it terminated 9% of its workforce.
www.bloomberg.com
December 06 2021
Client Alert: NYC Expands COVID-19 Vaccination Mandates
New York City has announced that all private sector employees working in New York City must provide their employer with proof that they received at least one dose of an approved COVID-19 vaccine by December 27, 2021 in order to continue reporting to their workplace.
Click here to read the alert.
December 02 2021
BuzzFeed News union members plan walkout for same day as SPAC IPO vote
Members of BuzzFeed News’ union said they plan to walk out on the job at noon Thursday, the same day shareholders will vote on whether or not to take BuzzFeed public via a SPAC IPO.
www.axios.com
December 02 2021
Singapore’s First Wave SPACs Said to Move Filing Plans Ahead
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to people with knowledge of the matter.
www.bloomberg.com
December 01 2021
The first (SPAC) has listed in the United Kingdom since the relaxation of rules by the Financial Conduct Authority.
www.iclg.com
December 01 2021
A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space
The red-hot SPAC market could have an ESG problem. Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
www.cnbc.com
November 17 2021
Client Alert: Follow-Up on Revised 80%-20%-30 min. DOL Final Rule For Tipped Employees: Interaction With NYS 80%-20%-2 hr. Rule
Following up on our Client Alert regarding a new U.S. Department of Labor Final Rule pertaining to tipped employees, that restricts the ability to take a tip credit from the full minimum wage for time in excess of 30 consecutive minutes or 20% of the employee’s workweek spent on Directly-Supporting Work (the “FLSA Final Rule”), we write to alert you to the interaction between the FLSA Final Rule and New York’s 80/20 rule.
Click here to read the alert.