Posts
October 24 2024
Client Alert: IRS Announces Inflation Adjustments for 2025
On October 22, 2024, the Internal Revenue Service announced inflation-adjusted amounts for more than 60 sections of the Internal Revenue Code. Of particular interest to employers that sponsor employee benefit arrangements.
Click here to read the alert.
October 23 2024
Delaware Chancery Court still hates SPACs
A long-serving Delaware Chancery Court judge just compared litigation over so-called blank-check investment vehicles to an anaconda snake that takes a year to digest its food.The pandemic-era mania for special purpose acquisition vehicles, or SPACs, crested in 2021, when sponsors created 613 new investment vehicles to go on the hunt for private companies ripe for acquisition.www.reuters.comOctober 22 2024
Client Alert: New York’s Workplace Violence Prevention Law
New York retail employers are advised that on September 4, 2024, Governor Kathy Hochul signed the Retail Worker Safety Act (the “Act”). All retail employers must comply with the Act by March 3, 2025. Pursuant to the Act, retail employers must establish a workplace violence prevention policy, which must be provided to all employees upon hiring and on a yearly basis.
Click here to read the alert.
October 17 2024
Steve Salis Plans New SPAC Launch, Aims To Raise $230M
Washington D.C. based entrepreneur Steve Salis is launching another SPAC with an ambitious goal of raising up to $230 million. The owner of Salis Holdings and CEO of Sizzle Acquisition Corp aims to take a consumer, tech, or sports-oriented company public.
www.benzinga.com
October 16 2024
Israel Acquisitions SPAC Plans To Combine With Gadfin Aero-Logistics
Blank check company Israel Acquisitions said it signed a non-binding letter of intent for a planned business combination with Gadfin Aero-Logistics Systems.
www.marketwatch.com
October 16 2024
Launch Two Acquisition Corp. completes IPO and private sale
Launch Two Acquisition Corp., a special purpose acquisition company, announced the successful completion of its initial public offering (IPO) and a concurrent private sale of warrants on October 9, 2024. The IPO consisted of 23 million units, including an over-allotment option fully exercised by underwriters, resulting in gross proceeds of $230 million.
www.investing.com
October 15 2024
Client Alert: Upcoming Election Imposes Obligations on New York Employers
With the upcoming election on November 5, 2024 (“Election Day”), New York employers face obligations regarding employee voting rights. Employers must post the New York Time Off to Vote Notice (“Notice”), which can be found here, no less than ten (10) working days before the election.
Click here to read the alert.
October 09 2024
Wall Street’s SPAC Machine Picks Up Despite ‘Odd’ Lack of IPOs
Even with markets rallying for months, the pace of traditional initial public offerings is behind what bankers expected. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called the lack of deals “odd” before blaming costs and red tape.
www.bnnbloomberg.com