Posts
December 15 2021
Client Alert: NYC Issues Guidance On Private Employer Vaccine Mandate
Per our previous Client Alert, earlier this month New York City 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 (the “NYC Private Employer Mandate”).
Click here to read the alert.
December 15 2021
Plant-based packaging-maker Footprint going public via $1.6 billion SPAC
Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check firm Gores Holdings VIII. The deal is expected to value Footprint, ranked No. 45 on this year’s CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger’s completion.
www.cnbc.com
December 14 2021
Footprint Agrees to $1.6 Billion Gores SPAC Deal as Koch Invests
Footprint, a materials-science technology company seeking to eliminate single-use plastic, agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company led by billionaire Alec Gores.
www.bloomberg.com
December 13 2021
Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
LiveWire, the electric motorcycle company spun out of Harley-Davidson, is going public by merging with a special acquisition company, or SPAC. The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 billion, Harley-Davidson says in its announcement. LiveWire is the latest electric vehicle company to go public by merging with a SPAC, which are also known as “blank check” companies.
www.theverge.com
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