Posts
December 13 2021
SoftBank SPAC to take Walmart-backed Symbotic public in $5.5 bln deal
Walmart Inc-backed (WMT.N) Symbotic said on Monday it would go public through a merger with a SoftBank Group Corp (9984.T) blank-check firm in a deal offering the robotics and automation startup a pro-forma equity value of $5.5 billion.
www.reuters.com
December 13 2021
Client Alert: Updates On The New NYS Mask/Vaccination Requirements
Per our previous Client Alert, New York State announced that effective today, December 13, 2021, masks are now required to be worn in all indoor public places statewide unless the business or venue requires all individuals to provide proof of full vaccination in order to enter (“Mask Rule”). The State has now issued FAQs that clarify the requirements of the Mask Rule, both generally and on an industry-specific basis.
Click here to read the alert.
December 10 2021
Getty Images to go public again in $4.8bn SPAC deal
Getty Images has revealed plans to rejoin the US stock market after more than a decade-long hiatus, in a $4.8bn (£3.6bn) SPAC deal. The British-American visual media company, which provides stock and news photos, will merge with a special purpose acquisition company (SPAC) called CC Capital and Neuberger Berman, with total equity investment totalling $1.2bn.
www.nz.news.yahoo.com
December 10 2021
Tilman Fertitta backs out of his SPAC deal
After a year of toying with the public markets, Tilman Fertitta has opted to keep his company private. The owner of Fertitta Entertainment, including an empire of restaurant chains that he acquired in a series of transactions over the past 20 years, has agreed to pay up to $33 million to back out of a merger with the SPAC Fast Acquisition Corp.
www.restaurantbusinessonline.com
December 10 2021
Client Alert: New Statewide Mask Requirements for Businesses Without a Vaccination Requirement
New York Governor Kathy Hochul has just announced that effective December 13, 2021, masks will be required to be worn in all indoor public places statewide unless the business or venue requires individuals to provide proof of full vaccination in order to enter. Though not explicit in the Governor’s announcement, this requirement likely applies to both patrons and employees working in indoor public places.
Click here to read the alert.
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.