Posts
May 27 2021
SEC considers new investor protections for SPACs
Amid a boom in special-purpose acquisition companies, better known as SPACs, the Securities and Exchange Commission is considering new protections against the investment vehicles.
www.cnbc.com
May 17 2021
Client Alert: NY Lifts Mask Mandate for Fully Vaccinated Individuals To Coincide With the Lifting of Capacity Restrictions
Governor Cuomo has made a series of big announcements in response to the tristate area’s vaccination progress and COVID-19 case decline. We address the changes coming to New York in our Client Alert.
Click here to read the alert.
May 17 2021
Client Alert: What You Need To Know About Your Restaurant Revitalization Fund Grant
Less than two weeks after the U.S. Small Business Association (SBA) began accepting Restaurant Revitalization Fund (RRF) grant applications, the SBA has started disbursing grants to “priority” businesses – i.e., businesses primarily owned by women, veterans and other socially and economically disadvantaged groups. The SBA is slated to start processing applications submitted by other restaurants on or around May 25, 2021.
Click here to read the alert.
May 17 2021
15 SPACs have merger votes in the next 30 days. With the SEC’s paperwork kinks nearly worked out, expect some more to come in as well. And SCVX taking Bright Machines public.
www.thestreet.com
May 17 2021
Redbox to Go Public in SPAC Deal Valued at $693 Million
Redbox said Monday that it’s going public by merging with the Seaport Global Acquisition SGAM special-purpose-acquisition company, a deal giving the movie-rental company an enterprise value of $693 million.
www.thestreet.com
May 16 2021
Bright Machines nears SPAC deal to go public
Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter.
www.foxbusiness.com
May 14 2021
Client Alert: NYC Retirement Savings Program for Private Sector Employers
On May 11, 2021, NYC Mayor Bill de Blasio signed into law the Retirement Security for All Act which establishes a retirement savings program for private sector employers that (A) have not offered a retirement plan within the preceding two years and (B) employ five or more employees. By doing so, NYC joins 13 states and two cities that have adopted some form of retirement savings program.
Click here to read the alert.
May 12 2021
Client Alert: Governor Cuomo Signs The New York Hero Act Mandating Workplace Safety Standards
Last week, Governor Cuomo signed the New York HERO Act into law, which will require all private sector employers in New York to adopt a health and safety plan to protect employees from exposure to airborne infectious diseases. In addition, employers with more than 10 employees will be required to allow employees to form joint management-employee workplace safety committees.
Click here to read the alert.